14th February 2025

Consider the following statements regarding the Income-Tax Bill 2025 in India:

1. The bill introduces a 'tax year' concept aligning with the calendar year, aiming to simplify tax calculations for businesses established mid-year.
2. While retaining the original number of chapters, the bill significantly reduces the overall length by consolidating provisions and eliminating cross-referencing, thereby enhancing taxpayer comprehension.
3. The bill expands the definition of 'income' to explicitly include revenue recognition for service contracts and comprehensively classifies digital assets under taxable capital assets, ensuring fair taxation of the digital economy.

Which of the statements given above is/are correct?

In the context of mpox (formerly known as monkeypox), consider the following statements:

1. Clade I of mpox, endemic to East Africa, is generally associated with more severe illness.
2. The virus can be transmitted from mother to fetus during pregnancy.
3. Specific antiviral treatments have been developed and approved for mpox infections.
4. The global outbreak since 2022 has primarily involved the Clade II variant of the virus.

Which of the above statements is/are incorrect?

With reference to the Hindon River, which of the following statements is/are correct?

1. It is a perennial river originating in the Siwalik Hills.
2. The river flows through three states before joining the Yamuna.
3. Traces of Harappan civilization have been found on its banks.
4. It has been declared a 'dead river' by the Central Pollution Control Board.

Select the correct answer using the code given below:

Consider the following statements about the Arab League:

1. It was formed in response to concerns about post-World War II colonial divisions of territory.
2. All decisions made by the Arab League Council are binding on all member states.
3. The Secretary-General of the Arab League is elected by the Council for a ten-year term.
4. India has been granted observer status in the Arab League.

Which of the above statements is/are correct?