Mechanism for fluorescence quenching of CdS quantum dots in presence of 2-Amino-7-Nitrofluorene (ANF) and 2-(N,N-dimethylamino)-7-Nitrofluorene (DMANF) has been investigated using steady-state and time-resolved fluorescence spectroscopy. Lowering of emission intensity along with a reduction in average lifetime of CdS quantum dots has been observed with addition of both ANF and DMANF. This quenching is also accompanied with an enhancement in the emission intensity of ANF and DMANF. From these observations, resonance energy transfer is anticipated to take place in the present case. However, a careful analysis of rate constants, Stern-Volmer plot, steadystate and lifetime decay profiles showed that the quenching is observed not due to energy transfer, rather due to other competing processes like static quenching and photoinduced charge transfer between the dyads. The high bimolecular quenching rate constants estimated from Stern-Volmer plot support the presence of static quenching of CdS quantum dots. Analysis of redox potential values of CdS quantum dots, ANF and DMANF has shown the possibility for photoinduced charge transfer in the present systems.