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Daily Current Affairs
04 June, 2026
1. Which of the following statements regarding the USTR’s proposed tariff on India is correct?
A. It has already been implemented with immediate effect
B. It has been proposed under the WTO Agreement on Agriculture
C. It proposes an additional 12.5% tariff under Section 301 of the US Trade Act, 1974
D. It applies only to IT services exports from India
E. It targets only India
Answer: C. It proposes an additional 12.5% tariff under Section 301 of the US Trade Act, 1974
Explanation: The USTR has proposed an additional 12.5% tariff on imports from India and 53 other countries under Section 301 of the US Trade Act, 1974, alleging inadequate enforcement against forced-labour goods.
2. According to the Forbes World’s Top 10 Richest People list (June 2026), who occupied the first position?
A. Jeff Bezos
B. Larry Page
C. Elon Musk
D. Mark Zuckerberg
E. Larry Ellison
Answer: C. Elon Musk
Explanation: Elon Musk retained the top position with an estimated net worth of USD 835 billion, driven primarily by Tesla and SpaceX holdings.
3. Which of the following pairs is correctly matched?
A. Larry Page – Oracle
B. Jensen Huang – NVIDIA
C. Bernard Arnault – Amazon
D. Steve Ballmer – Apple
E. Jeff Bezos – Meta
Answer: B. Jensen Huang – NVIDIA
Explanation: Jensen Huang is the CEO of NVIDIA. Larry Ellison is associated with Oracle, Bernard Arnault with LVMH, Steve Ballmer with Microsoft, and Jeff Bezos with Amazon.
4. Forced labour is defined internationally under which ILO Convention?
A. Convention 87
B. Convention 98
C. Convention 138
D. Convention 29
E. Convention 182
Answer: D. Convention 29
Explanation: The ILO Forced Labour Convention, 1930 (Convention 29), defines forced labour as work extracted under threat or coercion without voluntary consent.
5. India received the fourth squadron of which missile defence system from Russia in May 2026?
A. Akash
B. THAAD
C. Patriot PAC-3
D. Barak-8
E. S-400 Triumf
Answer: E. S-400 Triumf
Explanation: India received the fourth squadron of the S-400 Triumf air defence system under the USD 5.43 billion agreement signed with Russia in 2018.
6. Which of the following is NOT a capability of the S-400 Triumf system?
A. Intercepting cruise missiles
B. Engaging ballistic missiles
C. Tracking more than 300 targets
D. Anti-submarine warfare operations
E. Multi-layered missile engagement
Answer: D. Anti-submarine warfare operations
Explanation: The S-400 is an advanced air-defence system designed to intercept aircraft, drones, cruise missiles, and ballistic missiles, not submarines.
7. The Prime Minister Research Chair (PMRC) Scheme 2026 is primarily intended to:
A. Fund undergraduate education
B. Support school-level innovation clubs
C. Attract Indian-origin researchers working abroad to India
D. Provide scholarships for foreign students in India
E. Promote sports research institutes
Answer: C. Attract Indian-origin researchers working abroad to India
Explanation: PMRC is a talent-repatriation initiative aimed at bringing top Indian-origin researchers from foreign universities, laboratories, and industries to premier Indian institutions.
8. Mission Senehjori is associated with the promotion of which unique product of Assam?
A. Eri Silk
B. Tea
C. Bamboo Handicrafts
D. Muga Silk
E. Agarwood
Answer: D. Muga Silk
Explanation: Mission Senehjori aims to transform Assam’s GI-tagged Muga Silk, known for its natural golden colour, into a globally competitive luxury ecosystem.
9. According to the RBI Annual Report 2025-26, India’s real GDP growth during 2025-26 was:
A. 5.8%
B. 6.2%
C. 6.9%
D. 7.1%
E. 7.6%
Answer: E. 7.6%
Explanation: The RBI Annual Report highlighted that India remained the fastest-growing major economy, recording real GDP growth of 7.6% in 2025-26.
10. According to the RBI Annual Report 2025-26, the Monetary Policy Committee (MPC) reduced the repo rate to what level after a cumulative 100 bps cut?
A. 4.50%
B. 4.75%
C. 5.00%
D. 5.25%
E. 5.50%
Answer: D. 5.25%
Explanation: The MPC reduced the policy repo rate by a cumulative 100 basis points during 2025, bringing it down to 5.25%.
