27 Aug 2025 Daily CA Quiz

1. The Act completely bans all forms of online gaming in India.
2. The Act classifies online games into four categories, including e-sports and social games.
3. Advertising online money gaming services is a punishable offence under the Act.
4. The Act was introduced by the Minister of Youth Affairs and Sports.

Which of the statements given above is/are correct?

1. Reciprocal tariffs are imposed through the WTO’s multilateral framework to counter unfair trade practices.
2. The effective US tariff rate on imports in 2025 rose from 2.5% to between 9.1% and 18.6%.
3. These tariffs primarily benefited small-cap import-dependent businesses.
4. The NASDAQ 100 index showed resilience due to export-oriented tech firms.

Which of the statements given above are correct?

1. Higher producer price inflation.
2. Delay in the Federal Reserve’s plan to cut interest rates.
3. Faster GDP growth, projected above 3% in 2025–26.
4. Risk of stagflation similar to the 1970s.

How many of the above impacts are correct?

1. The JV is between Akums Drugs and Pharmaceuticals Limited and the Government of Zambia.
2. Akums will hold 49% stake and Zambia will hold 51% stake in the facility.
3. The plant will focus on manufacturing general oral solids, liquid injectables, and beta-lactam antibiotics.
4. The facility is expected to start full-scale operations by 2028.

Which of the statements given above are correct?

1. RBI has permitted SMBC to acquire up to 24.99% stake in Yes Bank.
2. Despite holding a significant stake, SMBC will not be classified as a promoter.
3. The approval is valid for a period of five years.
4. The deal also requires clearance from the Competition Commission of India (CCI).

Which of the statements given above are correct?

1. It was the first time QRSAM, VSHORADS, and DEW were operated together under a centralized command.
2. The system successfully destroyed two fixed-wing UAVs and one multi-copter drone.
3. It was the inaugural test of India’s nuclear deterrence shield under Mission Sudarshan Chakra.

1. The test involved dropping a simulated crew module of about 5 tonnes from an altitude of ~3 km.
2. The Apex Cover Separation (ACS) parachutes were deployed after the main parachutes opened.
3. The descent system brought down the module’s velocity to about 8 m/s, enabling a safe splashdown in the Bay of Bengal.

Which of the statements given above is/are correct?