2031: Under which of the following circumstances may 'capital gains' arise?
1. When there is an increase in the sales of a product
2. When there is a natural increase in the value of the property owned
3. When you purchase a painting and there is a growth in its value due to increase in its popularity
Select the correct answer using the codes given below :
(a) 1 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3
2035: Which one of the following is the correct sequence of the states (labelled 1, 2, 3 and 4) of India shown on the map in descending order in terms of their available ground water resources for irrigation ?
(a) 3, 4, 1, 2
(b) 3, 4, 2, 1
(c) 4, 3, 1, 2
(d) 4, 3, 2, 1