UPSC Daily Current Affairs Quiz : 03 February 2026

Question 1: Consider the following statements about the recent India-U.S. trade announcement:

1. The United States has announced a reduction of tariffs on Indian goods to 18%.
2. India has officially confirmed that it will immediately stop buying Russian oil.
3. The U.S. punitive tariff linked to Indian purchases of Russian oil has been removed.

Which of the statements given above are correct?

Question 2: Which of the following were claimed by the U.S. side as part of the trade understanding?

1. India will reduce its tariffs and non-tariff barriers on U.S. goods to zero.
2. India will commit to purchasing up to $500 billion worth of American products.
3. India will immediately cease all defense imports from Russia.
   

Select the correct answer using the code below:

Question 3: With reference to the 16th Finance Commission’s horizontal devolution, consider the following statements:

1. Tamil Nadu’s share increased only marginally compared to its 15th Finance Commission share.

2. Karnataka and Kerala recorded double-digit percentage increases in their shares.
3. The weight assigned to the population was reduced under the 16th Finance Commission.
   

Which of the statements given above are correct?

Question 4: Which of the following concerns were raised by rural employment activists regarding the transition from MGNREGS to VB-G RAM G?

1. Lack of clarity on cost-sharing between the Centre and the States
2. Pending dues under MGNREGS
3. Absence of State-wise normative allocations
4. Overfunding of the new scheme

Select the correct answer:

Question 5: With reference to the recent PSLV failures and ISRO’s response, consider the following statements:

1. Both PSLV C-61 and PSLV C-62 missions failed due to third-stage ignition problems.
2. The next PSLV launch is planned only after an external third-party review.
3. Several private and foreign clients have withdrawn their launch contracts after the failures.
4. PSLV C-62 failed while attempting to deploy multiple satellites into orbit.
   

Which of the statements given above is NOT correct?