Quest Daily CA Quiz 31-07-2025

2025-07-31

Test your knowledge with today's current affairs

1. Question 1: Consider the following statements about the Banking Laws (Amendment) Act, 2025: I. It amended only the Banking Regulation Act, 1949. II. The monetary threshold for ‘substantial interest’ has been raised from ₹5 lakh to ₹2 crore. III. The maximum tenure for directors in cooperative banks has been increased to 8 years. IV. Public Sector Banks (PSBs) are allowed to transfer unclaimed shares. How many of the statements given above are correct?

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

2. Question 2: India introduced the resolution ‘Promoting Sustainable Lifestyles for the Wise Use of Wetlands’ in the Conference of the Parties (COP) of which of the following Convention?

   • United Nations Framework Convention on Climate Change
   • Bonn Convention
   • Convention on Biological Diversity (CBD)
   • Ramsar Convention

3. Question 3: Consider the following statements about the Protection of Children from Sexual Offences (POCSO) Act: I. It defines a child as any person below 14 years of age. II. It mandates confidentiality of the child victim’s identity in all media and public disclosures. III. Bail under POCSO can be based on judicial discretion. How many of the statements given above are correct?

   • Only one
   • Only two
   • All the three
   • None

4. Question 4: Which of the following countries borders the Ring of Fire? I. Russia II. Chile III. Japan IV. Peru Select the correct answer using the code given below:

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

5. Question 5: Consider the following pairs: Exercise Name Participating Countries SIMBEX India, Singapore Konkan India, Russia Varuna India, France Indra India, United Kingdom How many of the pairs given above are correctly matched?

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