1. Which of the following is the correct word describing loss of snow from a glacier by means of sublimation, melting, evaporation or avalanches?
[A] Ablation
[B] Galling
[C] Creep
[D] Plucking
Show Answer
Correct Answer: A [ Ablation ]
Notes:
Ablation refers to loss of snow from glaciers by means of vaporization, melting, wind or other processes.
2. Which of the following options correctly lists the constituents of Brass?
[A] Zinc and Copper
[B] Iron and Zinc
[C] Copper and Nickel
[D] Iron and Copper
Show Answer
Correct Answer: A [Zinc and Copper]
Notes:
Brass is an alloy predominantly made up of copper and zinc. The proportion of the two elements can vary, thereby lending different characteristics to the alloy, such as varying hardness levels, corrosion resistance, etc. Its yellowish color is thanks to a higher percentage of copper, with the remainder being mainly zinc.
3. Adelaide is the capital of which of the following territories of Australia?
[A] South Australia
[B] Queensland
[C] Western Australia
[D] Northern Territory
Show Answer
Correct Answer: A [South Australia]
Notes:
The capital of Australia is Canberra. The Capital of South Australia is Adelaide. Australia is divided into 6 zones.Perth is the capital of West Australia. Darwin is the capital of Northern territory.
4. In which of the following Industrial Policy Statements , Tiny Unit was defined for the very first time in India?
[A] New Industrial License Policy 1970
[B] Industry Policy Statement 1973
[C] Industry Policy Statement 1970
[D] Industrial Policy Statement 1977
Show Answer
Correct Answer: D [Industrial Policy Statement 1977]
Notes:
The correct answer is “Industrial Policy Statement 1977.” This policy was important as it introduced the definition of “Tiny Units” in India, which referred to small-scale industries with an investment limit to promote entrepreneurship and employment. The 1977 policy aimed to enhance the role of small industries in the economy, reflecting a shift towards more inclusive industrial development.
5. Which metal was the first to be utilized by humankind?
[A] Aluminum
[B] Copper
[C] Iron
[D] Silver
Show Answer
Correct Answer: B [Copper]
Notes:
The first metal to be used by humans was copper during the Chalcolithic or Copper Age, which dates back more than 10,000 years ago. Copper is malleable and easy to shape, hence its early adoption. It was largely used for the making of tools, ornaments, and also for trading. The Copper Age led subsequently to the Bronze Age, where copper was alloyed with tin to create a stronger substance known as bronze.
6. ‘Jinasena’ was the chief preceptor of which Rashtrakuta emperor ?
[A] Amoghvarsha I
[B] Dantidurga
[C] Krishna I
[D] Dhruva
Show Answer
Correct Answer: A [Amoghvarsha I]
Notes:
The great Rashtrakuta ruler Amoghavarsha I became the follower of Jainism under Chief preceptor Jinasena.
7. The Agaria are:
[A] salt pan workers of Gujarat
[B] shepherds of Maharashtra
[C] traders of Punjab
[D] weavers of Karnataka
Show Answer
Correct Answer: A [salt pan workers of Gujarat]
Notes:
The Agaria are Muslim community found in Gujarat. They are salt pan workers. The Agariya community has been living here for centuries, knowing just one means of living, salt producing. Throughout their lives, members of the Agariya community work tirelessly in the fields of the Rann of Kutch.
8. Who among the following was the first female emperor of India?
[A] Queen Didda
[B] Razia Sultana
[C] Rani Rudrama Devi
[D] Noor Jahan
Show Answer
Correct Answer: B [Razia Sultana]
Notes:
Razia Sultana was South Asia’s first female Muslim ruler and daughter of Iltutmush. She was talented, wise, brave, excellent administrator, and a great warrior. Razia Sultana was born in 1205.
9. Which section of the Income Tax Act, 1961 allows tax deductions for contributions made to the Senior Citizens Savings Scheme?
[A] Section 80D
[B] Section 80C
[C] Section 80E
[D] Section 80G
Show Answer
Correct Answer: B [Section 80C]
Notes:
Section 80C of the Income Tax Act, 1961 provides tax deductions for contributions to specified savings schemes, including the Senior Citizens Savings Scheme (SCSS). This section allows individuals to claim deductions up to ₹1.5 lakh in a financial year. Notably, SCSS is exclusively available for senior citizens aged 60 and above, offering a safe investment option with attractive interest rates.
10. What is the primary purpose of an Advance Pricing Agreement (APA)?
[A] To establish tax rates
[B] To define transfer pricing methodology
[C] To set import duties
[D] To determine export incentives
Show Answer
Correct Answer: B [To define transfer pricing methodology]
Notes:
An Advance Pricing Agreement (APA) is a crucial tool for multinational enterprises, as it provides certainty regarding transfer pricing methodologies for cross-border transactions. Established by the Finance Act of 2012, APAs can be bilateral, unilateral, or multilateral. Bilateral APAs involve cooperation between two tax authorities, while unilateral APAs involve only the taxpayer and their domestic tax authority, ensuring compliance and reducing disputes.
