किमेकं दैवतं देव इत्यर्थः, स्वार्थे तद्धितप्रत्ययविधानात्,लोके लोकनहेतुभूते समस्तविद्यास्थाने उक्तमिति प्रथमः प्रश्नः ।किं वाप्येकं परायणं तस्मिन् लोके एकं परायणं च किम् ?
In plain words
What is the single divinity — meaning the luminous Lord, by grammatical derivation — spoken of in the world that is the source of all realms and the seat of all knowledge? This is the first question. And what also is the one ultimate refuge in this world? What indeed is that refuge?
Close to the Sanskrit
What is one divinity, meaning the shining one, because of the prescription of a secondary suffix in its own sense, stated in the world which is the cause of worlds as the seat of all knowledge — this is the first question. Or what also is one supreme refuge, and what is the one supreme refuge in that world?