1. In pharmaceutical pricing, “trade margin” refers to:
(a) Difference between production cost and import duty
(b) Difference between retailer purchase price and selling price
(c) Difference between ceiling price and manufacturing cost
(d) Difference between domestic price and international price
2. Consider the following statements regarding pharmaceutical price regulation in India:
- Scheduled medicines are subject to government-fixed ceiling prices.
- Non-scheduled medicines are completely outside every form of price regulation.
- The National Pharmaceutical Pricing Authority functions under the Department of Pharmaceuticals.
Which of the statements given above are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
3. Consider the following statements regarding Maximum Retail Price:
- It is the highest price at which a packaged product may be sold to consumers.
- It includes applicable taxes charged on the packaged product.
- A retailer is legally required to sell the product at exactly the MRP.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
4. Consider the following statements about the GST Council:
- It is constituted under Article 279A of the Constitution.
- It is chaired by the Union Finance Minister.
- It recommends GST rates, exemptions and administrative measures.
- It represents both the Union and State governments.
Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2, 3 and 4 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4
5. The “30×30” global biodiversity target seeks to:
(a) Conserve at least 30% of land and water areas by 2030
(b) Reduce global carbon emissions by 30% before 2030
(c) Restore 30 endangered species in every country by 2030
(d) Increase global forest cover by 30 million hectares annually
6. Consider the following countries:
- Türkiye
- Iraq
- Iran
- Syria
- Jordan
How many of the above contain parts of the geo-cultural region known as Kurdistan?
(a) Only one
(b) Only two
(c) Only four
(d) All five
7. With reference to Article 17 of the Constitution, consider the following statements:
- It abolishes untouchability.
- It forbids the practice of untouchability in any form.
- Enforcement of a disability arising from untouchability is punishable by law.
Which of the statements given above are correct?
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2 and 3
8. Consider the following pairs:
| Edible Oil | Major Producer |
| 1. Palm oil | Indonesia |
| 2. Soybean oil | United States |
| 3. Rapeseed oil | European Union |
| 4. Sunflower oil | Russia and Ukraine |
How many of the pairs given above are correctly matched?
(a) Only one
(b) Only two
(c) Only three
(d) All four
9. The “food-versus-fuel dilemma” associated with vegetable oils refers to:
(a) Competition between food crops and forest-based medicinal products
(b) Diversion of edible oils from food markets towards biofuel production
(c) Replacement of imported petroleum with domestically produced natural gas
(d) Conflict between food subsidies and public transport expenditure
10. Consider the following statements:
Statement-I: A disruption in sunflower-oil exports may raise the prices of palm oil and soybean oil even when their production remains unchanged.
Statement-II: Consumers and food-processing industries can substitute one edible oil for another to some extent.
Which one of the following is correct?
(a) Both Statement-I and Statement-II are correct, and Statement-II explains Statement-I
(b) Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
(c) Statement-I is correct, but Statement-II is incorrect
(d) Statement-I is incorrect, but Statement-II is correct
ANSWERS for Daily Current Affairs Prelims Practice (09-10-2026):
1. Answer: (b)
2. Answer: (c)
3. Answer: (a)
4. Answer: (d)
5. Answer: (a)
6. Answer: (c)
7. Answer: (d)
8. Answer: (d)
9. Answer: (b)
10. Answer: (a)
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