UPSC Current Affairs Practice Questions – 09-10 June 2024

1. Consider the following statements regarding the International Space Station:

1. It is the largest manmade and habitable artificial satellite developed by the USA, European Countries, Japan, Canada, and Russia.
2. It is installed in the near-earth orbit about 400 km above the earth.

Which of the statements given above is/are correct?

2. Where is the headquarters of the WTO located?

3. Consider the following statements regarding Monetary Policy Committee (MPC):

1. It is empowered to determine the Policy Rate required to achieve the inflation target.
2. Decision of MPC shall be binding on Reserve Bank of India

Which of the statements is/are correct?

4. Consider the following statements regarding Insolvency and Bankruptcy Code, 2016:

1. The provisions of the Code are applicable to companies, limited liability entities, firms, and all financial service providers
2. The proceedings of the resolution process will be adjudicated by the National Companies Law Tribunal (NCLT) for companies and the Debt Recovery Tribunal for individuals.

Which of the statements is/are correct?

5. Consider the following statements regarding Excise duty:

1. It is an indirect tax paid when goods are transferred from the manufacturing unit to a warehouse
2. Presently, excise duty applies only on petroleum and liquor.

Which of the statements is/are correct?