Welcome to your 10October2025DailyCAQuiz
1.
With reference to the PM VIKAS initiative recently linked with IIT Palakkad, consider the following statements:
- The PM VIKAS scheme is implemented by the Ministry of Skill Development and Entrepreneurship.
- The scheme focuses on socio-economic empowerment of minority communities through skilling and entrepreneurship.
- Under the MoU, IIT Palakkad will train candidates in areas such as chip design, embedded software engineering, and drone research & development.
Which of the statements given above is/are correct?
2.
Assertion (A): The partnership between the Ministry of Minority Affairs and IIT Palakkad under PM VIKAS aims to promote inclusion of minorities in high-technology domains. Reason (R): The training is restricted to traditional craft-based skills such as handicrafts and embroidery.
3.
With reference to India’s cybersecurity ecosystem, consider the following statements:
- The Indian Computer Emergency Response Team (CERT-In) is the nodal agency for cyber incident response in India.
- The National Critical Information Infrastructure Protection Centre (NCIIPC) functions under the Ministry of Electronics and Information Technology (MeitY).
- The Indian Cybercrime Coordination Centre (I4C) primarily assists state police and law enforcement in cybercrime investigations.
Which of the statements given above is/are correct?
4.
Consider the following statements regarding cyber fraud in India in recent years:
- Cyber fraud incidents rose from around 10.29 lakh in 2022 to over 22 lakh in 2024.
- Online betting applications have been identified as a major source of fraudulent financial activities.
- The Promotion and Regulation of Online Gaming Bill, 2025, aims to legalize money-based gaming platforms to boost the economy.
Which of the statements given above is/are correct?
5.
With reference to the Shram Shakti Niti 2025 (Draft National Labour and Employment Policy), consider the following statements:
- It proposes the creation of a universal and portable social security account integrating EPFO, ESIC, and e-SHRAM platforms.
- The policy seeks to increase female labour force participation in India to 50% by 2030.
- It includes measures to simplify compliance for MSMEs through self-certification and single-window systems.
Which of the statements given above is/are correct?
6.
Assertion (A): The Shram Shakti Niti 2025 emphasizes the creation of green and decent jobs. Reason (R): It aims to promote employment only in traditional industrial sectors like mining and construction.
7.
With reference to the Unified Markets Interface (UMI) launched by the Reserve Bank of India (RBI) in 2025, consider the following statements:
- UMI facilitates tokenisation of physical assets using blockchain technology.
- It operates on retail Central Bank Digital Currency (CBDC) for individual payments.
- It enables faster and more transparent settlements through smart contracts.
Which of the statements given above is/are correct?
8.
With reference to the Account Aggregator (AA) framework mentioned in the context of RBI’s 2025 initiatives, consider the following statements:
- It enables secure sharing of financial data between individuals and regulated entities.
- It functions through Financial Information Providers (FIPs) and Financial Information Users (FIUs).
- It allows the sharing of user data without any consent requirement to speed up lending.
Which of the statements given above is/are correct?
9.
With reference to the Income Tax Appellate Tribunal (ITAT), consider the following statements:
- ITAT was established in 1941 as a quasi-judicial body for tax dispute resolution.
- ITAT primarily handles appeals related to indirect taxes such as GST and customs.
- Over eight decades, ITAT has contributed significantly to India’s tax jurisprudence.
Which of the statements given above is/are correct?
10.
Assertion (A): ITAT has resolved disputes for over 30 lakh appellants since its inception. Reason (R): ITAT functions as an independent body, separate from the judiciary, providing timely tax justice.
