Consider the following statements regarding tax provisions on indirect transfers in India:1.Under Section 9(1)(i) of the Income Tax Act, capital gains arising from the transfer of shares of a foreign company that derive substantial value from Indian assets are taxable in India.2.The Income Tax Appellate Tribunal (ITAT) functions as the primary appellate authority under the Ministry of Finance for direct tax disputes.Which of the statements given above is/are correct?
UPSC · current affairs quiz
Current affairs quiz · 5 October 2026
Prelims-style MCQs from the 5 October 2026 news and PIB notes. Use the chips to practise News + PIB together, or one source alone.
With reference to international taxation and domestic laws, what is the primary purpose of a Tax Residency Certificate (TRC)?
Consider the following statements about the Munich Leaders Meeting:1.It functions as an offshoot platform for high-level security dialogue among international leaders.2.The platform is exclusively restricted to permanent members of the United Nations Security Council (UNSC).Which of the statements given above is/are correct?
In the context of international relations and foreign policy strategies, what does 'Multi-alignment' signify?
Consider the following statements regarding polymer banknotes and their production in India:1.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly owned subsidiary of the Reserve Bank of India.2.India was the first country in the world to introduce polymer banknotes in 1988.Which of the statements given above is/are correct?
What is the primary material substrate proposed for manufacturing lower denomination polymer currency notes in India?
Consider the following statements regarding India's import dependencies in the steel sector:1.The Ministry of Steel has directed PSUs like SAIL and NMDC to explore and acquire mineral assets in foreign jurisdictions.2.India imports the vast majority of its metallurgical coking coal primarily from European nations.Which of the statements given above is/are correct?
What is the primary role of 'Coking coal' in the steel-making industry?
Consider the following statements regarding the administrative recognition of women farmers:1.The state of Maharashtra issued legal and administrative guidelines to formally recognise women engaged in agriculture as farmers independent of land title deeds.2.The 7/12 Extract is a land register document maintained exclusively by the Ministry of Tribal Affairs at the national level.Which of the statements given above is/are correct?
The term 'Feminisation of Agriculture' commonly refers to which of the following socioeconomic trends?
Consider the following statements regarding the Great Indian Bustard:1.The Great Indian Bustard is officially listed as Critically Endangered on the IUCN Red List.2.The species is protected under Schedule II of the Wild Life Protection Act (WPA), 1972.Which of the statements given above is/are correct?
In the context of wildlife conservation, what does the term 'rewilding' primarily refer to?
Consider the following statements regarding the National Supercomputing Mission:1.The mission is jointly steered by the Department of Science and Technology (DST) and the Ministry of Electronics and Information Technology (MeitY).2.The implementation of the mission is carried out by the National Bank for Agriculture and Rural Development (NABARD).Which of the statements given above is/are correct?
What is the primary function of Direct Liquid Cooling in the context of high-performance computing data centres?
Consider the following statements regarding the Cotton Corporation of India (CCI):1.CCI is a Central Public Sector Undertaking functioning under the Ministry of Textiles.2.CCI is primarily responsible for procuring cotton under the Minimum Support Price (MSP) regime.Which of the statements given above is/are correct?
The 'Kasturi Cotton India' initiative, frequently seen in news, is associated with which of the following?
Consider the following statements regarding the Pension Adalat mechanism:1.It is conducted by the Department of Pension and Pensioners’ Welfare (DoPPW) under the Ministry of Personnel.2.It functions as a judicial court with powers to sentence defaulting officials to imprisonment.Which of the statements given above is/are correct?
Which of the following best describes the core objective of the Pension Adalat mechanism?