(1.) On which date is Income Tax Day (Aakar Diwas) celebrated annually in India?

(a.) 15 July

(b.) 24 July

(c.) 1 August

(d.) 15 August

(2.) Who among the following introduced Income Tax in India for the first time on 24 July 1860?

(a.) Lord Dalhousie

(b.) Sir James Wilson

(c.) Lord Canning

(d.) Warren Hastings

(3.) Which central body oversees direct tax administration in India under the Ministry of Finance?

(a.) CBIC

(b.) CBDT

(c.) SEBI

(d.) IRDAI

(4.) Under which Act was the Central Board of Direct Taxes (CBDT) formally established as a statutory authority?

(a.) Income Tax Act 1961

(b.) Central Boards of Revenue Act 1963

(c.) Finance Act 1970

(d.) RBI Act 1934

(5.) What is the full name of the proposed central platform recommended in NITI Aayogs July 2026 report for agricultural data sharing?

(a.) AgriStack-India

(b.) National Agri-Data Exchange (NADX)

(c.) Krishi-Kosh

(d.) PM-AgriData

(6.) Under the PM-PRANAM scheme, what percentage of saved central chemical fertilizer subsidy is shared with States as incentive grants?

(a.) 25%

(b.) 50%

(c.) 75%

(d.) 100%

(7.) What does the acronym PRANAM stand for in the PM-PRANAM scheme?

(a.) Programme for Restoration, Awareness, Nourishment and Amelioration of Mother Earth

(b.) Project for Rural Agriculture, Nutrition and Organic Management

(c.) Programme for Reduction of Ammonia and Nitrogen in Agricultural Soil

(d.) Plan for Renewable Agriculture and Natural Farming Mission

(8.) Who chairs the Defence Acquisition Council (DAC), which approves military procurement proposals in India?

(a.) Prime Minister

(b.) Union Defence Minister

(c.) Chief of Defence Staff

(d.) Defence Secretary

(9.) Which indigenous aerospace company manufactures the Light Combat Helicopter (LCH) Prachand?

(a.) Bharat Electronics Limited

(b.) Hindustan Aeronautics Limited

(c.) Bharat Dynamics Limited

(d.) Tata Advanced Systems

(10.) Which standoff Anti-Tank Guided Missile (ATGM) is integrated onto the LCH Prachand helicopter platform?

(a.) Nag

(b.) Dhruvastra (Helina)

(c.) Amogha

(d.) SANT

(11.) Which joint venture company represents India in overseas critical mineral asset acquisition and processing?

(a.) MECL

(b.) KABIL

(c.) NALCO

(d.) HCL

(12.) Which three public sector enterprises constitute the joint venture entity Khanij Bidesh India Limited (KABIL)?

(a.) ONGC, GAIL, IOCL

(b.) NALCO, HCL, MECL

(c.) NTPC, BHEL, SAIL

(d.) NMDC, MOIL, KIOCL

(13.) With which nation did India sign an expanded critical minerals processing corridor agreement on 24 July 2026?

(a.) Canada

(b.) Australia

(c.) Chile

(d.) Japan

(14.) Which feature was introduced by the RBI for Retail Digital Rupee (e₹-R) in its July 2026 guidelines to enable targeted welfare delivery?

(a.) Interest-bearing balance

(b.) Programmable purpose-bound tokens

(c.) Automatic tax deduction

(d.) Universal credit conversion

(15.) Under which Section of the Reserve Bank of India Act, 1934, does the RBI hold the sole right to issue bank notes and digital currency?

(a.) Section 18

(b.) Section 22

(c.) Section 35A

(d.) Section 42

(16.) In which year was the first Income Tax Day (Aakar Diwas) celebrated in India to mark 150 years of direct taxes?

(a.) 1990

(b.) 2010

(c.) 2015

(d.) 2020

(17.) Which Ministry oversees the functioning of the Central Board of Direct Taxes (CBDT)?

(a.) Ministry of Corporate Affairs

(b.) Ministry of Finance

(c.) Ministry of Commerce and Industry

(d.) Ministry of Home Affairs

(18.) Which term describes farming practices that utilize real-time satellite data, IoT sensors, and AI to optimize input use?

(a.) Subsistence Farming

(b.) Precision Agriculture

(c.) Shifting Cultivation

(d.) Extensive Agriculture

(19.) Which chemical fertilizer component is targeted for reduction by expanding the usage of Liquid Nano Urea and Nano DAP?

(a.) Potash

(b.) Conventional Chemical Nitrogen/Phosphate

(c.) Zinc Sulphate

(d.) Gypsum

(20.) What class weight category does the indigenously developed Light Combat Helicopter (LCH) Prachand belong to?

(a.) 2.5-tonne class

(b.) 5.8-tonne class

(c.) 10-tonne class

(d.) 15-tonne class

(21.) Where is the headquarters of Hindustan Aeronautics Limited (HAL) located?

(a.) Hyderabad

(b.) Bengaluru

(c.) Nasik

(d.) Kanpur

(22.) Which critical mineral is extensively utilized in manufacturing lithium-ion battery cathodes for electric vehicles?

(a.) Bauxite

(b.) Lithium and Cobalt

(c.) Iron Ore

(d.) Gypsum

(23.) In digital currency taxonomy, how does Central Bank Digital Currency (CBDC) differ from decentralized cryptocurrencies?

(a.) CBDC is issued by commercial banks

(b.) CBDC is legal tender backed by a sovereign central bank

(c.) CBDC has variable market value based on mining difficulty

(d.) CBDC cannot be used for retail transactions

(24.) What is the designation for the wholesale variant of Indias Central Bank Digital Currency?

(a.) e₹-Retail

(b.) e₹-Wholesale (e₹-W)

(c.) e₹-Trade

(d.) e₹-Bank

(25.) Who was the Governor General of India when Income Tax was introduced in 1860?

(a.) Lord Dalhousie

(b.) Lord Canning

(c.) Lord Curzon

(d.) Lord Mountbatten

(26.) Which platform under the Digital Agriculture Mission integrates land records, crop data, and farmer identities?

(a.) Kisan Call Centre

(b.) AgriStack

(c.) e-NAM

(d.) PM-Kisan Portal

(27.) Which Cabinet Committee approves major agricultural scheme outlays and fertilizer subsidy policies?

(a.) Cabinet Committee on Security (CCS)

(b.) Cabinet Committee on Economic Affairs (CCEA)

(c.) Cabinet Committee on Parliamentary Affairs

(d.) Cabinet Committee on Appointments

(28.) What procedural stage represents the initial formal approval of defence procurement proposals by the DAC?

(a.) Acceptance of Necessity (AoN)

(b.) Request for Proposal (RFP)

(c.) Field Evaluation Trial (FET)

(d.) Commercial Contract Signing

(29.) Which Ministry administers the Khanij Bidesh India Limited (KABIL) joint venture?

(a.) Ministry of Steel

(b.) Ministry of Mines

(c.) Ministry of Heavy Industries

(d.) Ministry of Commerce

(30.) What is the capital of Australia, where the India-Australia critical mineral agreement was signed?

(a.) Sydney

(b.) Canberra

(c.) Melbourne

(d.) Perth

(31.) How does programmable CBDC benefit social welfare schemes like PM-KISAN?

(a.) It allows funds to be spent only for designated agricultural inputs

(b.) It increases interest rates on welfare savings

(c.) It automatically converts cash into corporate shares

(d.) It eliminates the need for central bank regulation

(32.) Which historical event in 1857 created severe financial deficits for the British Crown, leading to the introduction of Income Tax in 1860?

(a.) Battle of Plassey

(b.) Revolt of 1857 (Sepoy Mutiny)

(c.) Santhal Rebellion

(d.) Fourth Anglo-Mysore War

(33.) Which autonomous body under NITI Aayog formulates national technology policy frameworks?

(a.) Atal Innovation Mission (AIM)

(b.) National Development Council

(c.) Financing Commission

(d.) Tariff Commission

(34.) Which state-owned mining enterprise holds a stake in KABIL alongside NALCO and HCL?

(a.) NMDC

(b.) MECL (Mineral Exploration and Consultancy Limited)

(c.) Coal India Limited

(d.) GMDC

(35.) Who holds the portfolio of Union Finance Minister in India as of July 2026?

(a.) Nirmala Sitharaman

(b.) Piyush Goyal

(c.) S. Jaishankar

(d.) Aswini Vaishnaw