Quest Daily CA Quiz 30-01-2026

Quest Daily CA Quiz 30-01-2026

Test your knowledge with today's current affairs

  1. Question 1: With reference to dam-related institutional mechanisms in India, consider the following statements: I. The National Register of Large Dams is compiled and maintained by the National Dam Safety Authority. II. The National Register of Specified Dams is compiled by the Central Water Commission. III. The Dam Rehabilitation and Improvement Project (DRIP) is supported by the World Bank and the Asian Infrastructure Investment Bank (AIIB). How many of the statements given above is/are correct?

    • Only one
    • Only two
    • All three
    • None

  2. Question 2: Consider the following statements: I. Macro-economic Framework Statement. II. Medium Term Fiscal Policy Statement. III. Fiscal Policy Strategy Statement. IV. Medium-Term Expenditure Framework Statement Which of the statements given above are required to be laid before the Parliament along with the Budget under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003?

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

  3. Question 3: Consider the following statements regarding India’s new inflation series: I. The weight of food and beverage items in the headline inflation basket will fall from 45.86% to 36.75%. II. The revised basket used for compiling the new consumer price inflation series will contain 358 items, as against 299 items earlier. Which of the statements given above is/are correct?

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

  4. Question 4: With reference to India’s external sector indicators, consider the following statements: I. India remained the world’s 2nd largest recipient of remittances, with inflows reaching USD 135.4 billion in FY25, after China. II. India ranked fourth globally in Greenfield investment announcements in 2024. III. India’s foreign exchange reserves increased to USD 701.4 billion as of January 2026, from USD 668 billion at the end of March 2025. 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: Consider the following statements regarding State Development Loans (SDLs) and recent market trends: I. SDLs are eligible for the Liquidity Adjustment Facility (LAF) and Repo operations. II. SDLs carry a risk weight assigned by the RBI based on the respective State's fiscal deficit. III. The practice of States issuing new securities at every auction instead of reissuing existing ones leads to market fragmentation. 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

  6. Question 6: Consider the following I. Land II. Labour III. Capital IV. Entrepreneurship Which of the above factors of production are identified by the Economic Survey 2025-26 as key drivers for India's higher medium-term growth:

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

  7. Question 7: Consider the following statements: Statement I: India’s research and innovation ecosystem has, over the years, strengthened significantly. Statement II: India ranks 4th in trademarks, 6th in patents, and 7th in industrial designs in global filings in 2024. Statement III: India’s ranking in the Global Innovation Index (GII) improved from 66th in 2019 to 38th in 2025. Which one of the following is correct in respect of the above statements?

    • Both Statement II and Statement III are correct and both of them explain Statement I
    • Both Statement II and Statement III are correct but only one of them explains Statement I
    • Only one of the Statements II and III is correct and that explains Statement I
    • Neither Statement II nor Statement III is correct

  8. Question 8: Recently, the term "Diella" was seen in news is related to which one of the following?

    • A sophisticated ransomware targeting government servers
    • The first AI-generated government minister
    • A new Large Language Model for medical research
    • A humanoid robot deployed for disaster management

  9. Question 9: Consider the following statements regarding Dam Safety and the Dam Rehabilitation and Improvement Project (DRIP): I. The Dam Safety Act, 2021 mandates dam owners to conduct annual pre-monsoon and post-monsoon inspections. II. DRIP Phase-II is a Central Sector Scheme fully funded by the Government of India without external assistance. III. Category-I dams indicate the most serious deficiencies which may lead to failure if left unattended. Which of the statements given above is/are correct?

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

  10. Question 10: Consider the following statements regarding Personality Rights in India: I. Personality rights are expressly codified under Indian intellectual property laws such as the Copyright Act and Trademarks Act II. Indian courts derive personality rights primarily from the Right to Life and Personal Liberty under Article 21 of the Constitution. III. Claims relating to unauthorised commercial exploitation of a celebrity’s name, image or voice are generally treated as commercial disputes under the Commercial Courts Act, 2015. IV. Article 19(1)(g) can be invoked by foreign commercial entities to challenge injunctions granted by Indian courts in personality rights cases Which of the statements given above are correct?

    • I and III Only
    • II and III Only
    • I, II and III
    • None