Daily Current Affairs – September

With reference to the BRICS grouping and multilateral governance reforms, consider the following statements: 1 The participation of the United Nations Secretary-General in BRICS summits highlights the platform's focus on reforming the Bretton Woods institutions and the UN Security Council. 2 The New Development Bank (NDB), established by BRICS member states, requires all member infrastructure projects to be financed exclusively in US Dollars. 3 Decisions and official joint declarations across all BRICS working groups and leader summits are adopted strictly by consensus. How many of the statements given above are correct?

Consider the following statements regarding the Essential Commodities Act, 1955 and agricultural market interventions: 1 Under the Act, the Central Government can impose stock limits on wholesalers and retailers to curb speculative hoarding and stabilize retail food inflation. 2 Regulating commodity stock holding thresholds directly influences supply velocity in wholesale markets during peak festive consumption seasons. 3 Once an agricultural commodity is notified under the Essential Commodities Act, private wholesale trading of that commodity is permanently outlawed in India. How many of the statements given above are correct?

Consider the following statements regarding the Artemis Accords and international outer space law: 1 The Artemis Accords are non-binding political commitments grounded in the Outer Space Treaty of 1967. 2 The Accords affirm that the extraction and utilization of space resources (such as lunar regolith and ice) do not inherently constitute national appropriation under the Outer Space Treaty. 3 Signing the Artemis Accords mandates that a signatory country transfer full sovereign control over all domestic satellite launch sites to NASA. How many of the statements given above are correct?

With reference to macroeconomic metrics published in the National Accounts Statistics, consider the following statements: 1 Gross Value Added (GVA) at basic prices reflects the total value of goods and services produced in an economy, excluding product taxes and adding product subsidies. 2 Gross Fixed Capital Formation (GFCF) serves as a primary statistical proxy for measuring net fixed asset investment and capital expenditure across the economy. 3 Private Final Consumption Expenditure (PFCE) measures the value of final consumption expenditure incurred by resident households and non-profit institutions. How many of the statements given above are correct?

With reference to international boundary waters and the geography of the North American Great Lakes, consider the following statements: 1 Lake Ontario is the easternmost of the Great Lakes and connects directly to the Atlantic Ocean via the Saint Lawrence River. 2 Under the 1909 Boundary Waters Treaty, shared international water bodies between the United States and Canada cannot be unilaterally claimed, renamed, or altered in official international cartography without bilateral consensus. 3 Lake Ontario is the only one of the five Great Lakes that does not touch Canadian sovereign territory. How many of the statements given above are correct?

Regarding the constitutional distribution of legislative powers under the Seventh Schedule, consider the following statements: 1 "Trade and commerce in, and the production, supply and distribution of" essential commodities (such as foodstuffs) falls under the Concurrent List (List III). 2 "Naval, military and air forces; any other armed forces of the Union" is a subject placed under the exclusive domain of the Union List (List I). 3 "Weights and measures except establishment of standards" is placed in the State List (List II). How many of the statements given above are correct?