1. Ramesh bought a piece of land in 2015. He sold it in 2025 at a higher price and earned a profit.
The profit earned by Ramesh is called:
(a) Short-term capital gain
(b) Long-term capital gain
(c) Salary income
(d) Agricultural income
2. Consider the following pairs:
Term Associated With
1. Quasar Supermassive black hole
2. Dark energy Expansion of the Universe
3. Dark matter Invisible mass inferred from gravity
Which of the above pairs are correctly matched?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
3. Consider the following statements:
1. The Sun will ultimately become a black hole.
2. Sagittarius A* is located at the centre of the Milky Way Galaxy.
3. Mira is the nearest major galaxy to the Milky Way.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
4. Consider the following financial instruments:
1. Derivatives
2. Government securities
3. Certificates of Deposit
4. Corporate bonds
Which of the above are generally regulated by the Securities and Exchange Board of India (SEBI)?
(a) 1 and 4 only
(b) 2 and 3 only
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4
5. Arrange the following warships in descending order of their general size:
1. Frigates
2. Destroyers
3. Aircraft carriers
Select the correct answer:
(a) 1 – 2 – 3
(b) 3 – 2 – 1
(c) 2 – 3 – 1
(d) 3 – 1 – 2
6. Consider the following statements about Unified Payments Interface:
1. It is an indigenous digital payment system developed in India.
2. Payments through UPI are usually instant.
3. Cross-border payments can be made through UPI.
Which of the above statements is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
7. Consider the following statements:
1. A Central Processing Unit (CPU) is designed mainly for general-purpose computing and control tasks.
2. A Graphics Processing Unit (GPU) is designed mainly for handling many calculations simultaneously, such as graphics and AI workloads.
3. GPUs are widely used in artificial intelligence and machine learning because they can process large amounts of data in parallel.
Which of the above statements is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
8. Consider the following statements about the city of Mumbai:
1. It was earlier controlled by the Portuguese and later transferred to the British.
2. The Western Ghats pass through the city of Mumbai.
3. Large parts of Mumbai were developed on reclaimed land.
Which of the above statements is/are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
9. Consider the following statements:
1. All adults in India unconditionally have the right to vote.
2. There are laws in India regulating the right to vote.
3. Right to vote is a part of the basic structure of the Constitution.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
10. Consider the following statements about NOTA in Indian elections:
1. If NOTA gets the majority votes, the election is automatically nullified.
2. The winning candidate must necessarily secure more votes than NOTA.
3. NOTA enables voters to express rejection of all candidates while maintaining secrecy of their choice.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3
ANSWERS for Daily Current Affairs Prelims Practice (07-07-2026):
1. Answer: B. Long-term capital gain
2. Answer: D. 1, 2 and 3
3. Answer: B. 2 only
4. Answer: A. 1 and 4 only
5. Answer: B. 3 – 2 – 1
6. Answer: D. 1, 2 and 3
7. Answer: D. 1, 2 and 3
8. Answer: B. 1 and 3 only
9. Answer: B. 2 only
10. Answer: C. 3 only
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