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CAT Exam 2021 Slot 1 Solved Paper

Question : 21

Total: 66

The legal status of resources mined in space remains ambiguous; and while the market for asteroid minerals is currently nonexistent, this is likely to change as technical hurdles diminish.
Outer space is a commons, and all of it is open for exploration, however, space law developed in the 1950s and 60s is state-centric and arguably ill-suited to a commercial future.
Laws adopted by the US and Luxembourg are first steps, but they only protect firms from competing claims by their compatriots; a Chinese company will not be bound by US law.
Critics say the US is conferring rights that it has no authority to confer; Russia in particular has condemned this, citing the US ’ disrespect for international law
At issue now is commercial activity, as private firms - rather than nation states - look to space for profit.

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