1. Identify the correct statement on the tariff that USTR has proposed for India.
Answer: A. Under Section 301 of the US Trade Act, 1974, USTR floated an extra 12.5% duty on India and 53 other nations, citing weak action against goods made with forced labour.
2. Who held the number one spot on Forbes' list of the world's ten richest people in June 2026?
Answer: D. Elon Musk stayed in first place with about USD 835 billion, mostly from his Tesla and SpaceX stakes.
3. Pick the pair that is matched correctly.
Answer: C. Jensen Huang leads NVIDIA; the other pairs are wrong since Ellison is tied to Oracle, Arnault to LVMH, Ballmer to Microsoft and Bezos to Amazon.
4. Under which ILO Convention is forced labour defined at the international level?
Answer: E. The 1930 Forced Labour Convention, number 29, describes forced labour as work obtained through threat or coercion and without free consent.
5. Which missile defence system's fourth squadron reached India from Russia in May 2026?
Answer: C. The fourth S-400 Triumf squadron arrived under the USD 5.43 billion deal that India concluded with Russia in 2018.
6. Which task is beyond what the S-400 Triumf is built to do?
Answer: A. The S-400 is an air-defence system meant to stop aircraft, drones, cruise missiles and ballistic missiles; it has no role against submarines.
7. What is the primary aim of the Prime Minister Research Chair (PMRC) Scheme 2026?
Answer: D. It is a talent-return initiative that draws leading researchers of Indian origin from overseas universities, labs and industry to top Indian institutions.
8. Mission Senehjori seeks to promote which distinctive product of Assam?
Answer: B. The mission wants to turn Assam's GI-tagged Muga Silk, famed for its natural golden sheen, into a globally competitive luxury ecosystem.
9. What was India's real GDP growth in 2025-26, according to the RBI Annual Report 2025-26?
Answer: A. The report described India as the fastest-growing major economy, with real growth of 7.6% for 2025-26.
10. After a total reduction of 100 bps, where did the MPC bring the repo rate, per the RBI Annual Report 2025-26?
Answer: C. Through 2025 the MPC lowered the policy rate by 100 basis points in total, taking the repo rate to 5.25%.
11. Under which US law has the USTR proposed an additional 12.5% tariff on India and 53 other countries?
Answer: A. The proposal falls under Section 301 of the US Trade Act, 1974.
12. In the Forbes list of the world's richest people as of 1 June 2026, who ranks second with USD 309 billion?
Answer: D. Larry Page, an Alphabet co-founder, is second with USD 309 billion.
13. The S-400 Triumf has which NATO reporting name?
Answer: A. The notes give SA-21 Growler.
14. Who chairs the Empowered Committee of the Prime Minister Research Chair (PMRC) Scheme 2026?
Answer: B. The Empowered Committee is chaired by the Principal Scientific Adviser.
15. Which ministry anchors Mission Senehjori for Assam's Muga silk?
Answer: C. MDoNER anchors the mission, with the Ministry of Textiles as partner.