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
2032: Punjab and Haryana receive rainfall from:

(a) Westerly disturbances

(b) Cyclones in Bay of Bengal

(c) Both of the above

(d) None of the above
2033: Which one of the following soil types of India is rendered infertile by the presence of excess iron ?

(a) Desert sand

(b) Alluvial

(c) Podzolic

(d) Lateritic
2034: There is a Parliamentary System of Government in India because the

(a) Lok Sabha is elected directly by the people
(b) Parliament can amend the Constitution
(c) Rajya Sabha cannot be dissolved
(d) Council of Ministers is responsible to the Lok Sabha
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