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
Daily news quiz · 5 October 2026
Prelims-style MCQs from the 5 October 2026 daily news summary. Choose an option to see if you are right — two questions on each topic.
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?