Quest Daily CA Quiz 28-03-2026

Quest Daily CA Quiz 28-03-2026

Test your knowledge with today's current affairs

  1. Question 1: Consider the following statements: (2026) I. The recent decline in gold prices is primarily due to high crude oil prices leading to inflation and delaying interest rate cuts by central banks. II. A stronger US dollar and rising interest rates reduce the attractiveness of gold as an investment. III. A fall in gold prices necessarily reduces imports and improves India’s Current Account Deficit (CAD). Which of the statements given above is/are correct?

    • I and II only
    • II and III only
    • I and III only
    • I, II and III

  2. Question 2: Consider the following statements: Helium can be used to: I. Cool superconducting magnets used in MRI machines. II. assist in leak detection and precision manufacturing in semiconductor production. III. It acts as a primary fuel in rockets to generate thrust. Which of the statements given above is/are correct?

    • I and II only
    • II only
    • I and III only
    • I, II and III

  3. Question 3: Consider the following statements: I. Under Article 25(2) of the Constitution, the term “Hindu” includes persons professing Sikhism, Buddhism and Jainism for certain legal purposes. II. As per Article 341 and the Constitution Order, 1950, the Scheduled Castes are those castes notified by the President and are restricted to persons professing Hinduism, Sikhism or Buddhism. Which of the statements given above is/are correct?

    • I only
    • II Only
    • Both I and II
    • Neither I nor II

  4. Question 4: Consider the following statements with reference to the regulatory framework for children’s access to social media in India: I. Under the Digital Personal Data Protection Act, 2023, companies must obtain verifiable parental consent before processing the personal data of children. II. The Bharatiya Nyaya Sanhita, 2023, does not cover offences related to online harassment or trafficking of children. III. The Information Technology Act, 2000, and the POCSO Act, 2012, contain provisions to address online sexual exploitation and child sexual abuse material. IV. The Juvenile Justice (Care and Protection of Children) Act, 2015, has provisions dealing with online facilitation of child exploitation. Select the correct answer using the codes given below:

    • I and II only
    • I, II and III only
    • III and IV only
    • I, II and IV only

  5. Question 5: With respect to Delimitation in India, consider the following statements: I. India has enacted four major Delimitation Acts so far in 1952, 1962, 1972 and 2002. II. The 42nd, 84th and 87th Constitutional Amendments contain provisions related to delimitation of constituencies. III. The next delimitation exercise is to be carried out on the basis of the 2021 Census. IV. The primary objective of delimitation is to balance voter population across constituencies, in accordance with the principle of “one person, one vote”. Which of the statements given above is/are correct?

    • I and II only
    • I, II and III only
    • I, II and IV only
    • I, II, III and IV.

  6. Question 6: With reference to Special Economic Zones (SEZs) in India, consider the following statements: (2026) I. SEZs are treated as duty-free enclaves and are deemed to be outside the customs territory of India for authorised operations. II. Goods supplied from the Domestic Tariff Area (DTA) to SEZs are treated as imports and are subject to customs duties. III. The Union Budget 2026–27 proposed a one-time measure allowing SEZ units to sell a limited proportion of their output in DTA at concessional duty rates. IV. The SEZ Act, 2005 and SEZ Rules, 2006, provide for a simplified regulatory framework with single-window clearances for approvals. Which of the statements given above is/are correct?

    • I, III and IV only
    • I and II only
    • II and III only
    • I, II, III and IV

  7. Question 7: Consider the following statements: I. Windfall tax in India is imposed primarily on the domestic production of crude oil and export of petroleum products when global prices rise sharply. II. Excise duty is a tax levied on the manufacture or production of goods within the country. III. Windfall tax is a permanent feature of the tax system, whereas excise duty is imposed only during extraordinary circumstances. IV. Excise duty has been largely subsumed under GST, except for certain products like petroleum and tobacco. How many of the statements given above are correct?

    • Only one
    • Only two
    • Only three
    • All four

  8. Question 8: Consider the following statements regarding e-cheques: I. An e-cheque is a digital version of a paper cheque that is created, signed electronically, and transmitted online for processing. II. E-cheques require an overhaul of existing cheque processing systems as they are incompatible with the Cheque Truncation System (CTS) framework. Which of the statements given above is/are correct?

    • I only
    • II only
    • Both I and II
    • Neither I nor II

  9. Question 9: It is a critically endangered freshwater turtle species endemic to the Ganga River Basin. It is listed under Schedule I of the Wildlife (Protection) Act, 1972 and Appendix I of CITES. They act as a bio-indicator of river health. At present, its only viable natural habitat is the Chambal River system. Which one of the following species is being described above?

    • Indian Flapshell Turtle
    • Olive Ridley Turtle
    • Red-crowned Roofed Turtle
    • Green Sea Turtle

  10. Question 10: Consider the following statements: I. It is a critically endangered bird species endemic to the Indian subcontinent, found in arid and semi-arid grasslands. II. It is listed under Schedule I of the Wildlife (Protection) Act, 1972 and Appendix I of CITES. III. It plays a crucial ecological role as an indicator species of grassland ecosystem health. IV. Its major population is currently confined to parts of Rajasthan, with smaller populations in Gujarat and a few other regions Identify the species from the information given above:

    • Great Indian Bustard
    • Sarus Crane
    • Indian Peafowl
    • Lesser Florican