Quest Daily CA Quiz 29-12-2025

Quest Daily CA Quiz 29-12-2025

Test your knowledge with today's current affairs

  1. Question 1: Which of the following are the reasons why India requires Rare Earth Permanent Magnet (REPM) manufacturing? I. India is highly dependent on imports of REPMs, accounting for about 60–80% in value terms and nearly 85–90% in quantity terms. II. India’s demand for REPMs is expected to double by 2030. III. REPMs are critical components in electric vehicles, renewable energy systems, aerospace, and defence sectors. Which of the statements given above are correct?

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

  2. Question 2: With reference to the Organization of the Petroleum Exporting Countries (OPEC), consider the following countries: I. Algeria II. Gabon III. Libya IV. Iran V. Israel VI. Saudi Arabia VII. Venezuela VIII. Indonesia Which of the countries listed above are members of OPEC?

    • II, III, IV, V and VI only 8
    • I, II, III, IV, VI and VII only
    • I, II, IV, VI and VIII only
    • I, II, III, IV, V, VI, VII and VIII

  3. Question 3: With reference to the Regional Comprehensive Economic Partnership (RCEP), consider the following statements: I. The RCEP consists of the 10 ASEAN member countries plus China, Japan, South Korea, Australia and New Zealand. II. India currently has free trade agreements (FTAs) with all RCEP members except China. III. India decided not to join RCEP solely due to concerns related to China. Which of the statements given above are correct?

    • I and II only
    • II and III only
    • I, II and III only
    • None

  4. Question 4: With respect to India’s health sector financing, consider the following statements: I. India’s public health expenditure has remained below 2% of GDP. II. The National Health Policy 2017 sets a target of 2.5% of GDP for health expenditure. III. An allocation of ₹99,859 crore was made for health in the Union Budget 2025–26, representing an 11% decrease over the previous year. Which of the statements given above are correct?

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

  5. Question 5: 'Astronomers from India have discovered the second farthest spiral galaxy in the universe, named Alaknanda'. The discovery was made using which of the following?

    • Hubble Space Telescope
    • Giant Metre wave Radio Telescope
    • James Webb Space Telescope
    • Square Kilometre Array