Daily Current Affairs MCQ: 28th September 2024 - Bank Exams MCQ

The "Made in China 2025" initiative aims to position China as a global leader in high-tech manufacturing, with a target of achieving 70% self-sufficiency in high-tech industries by 2025. This strategic plan focuses on advancing sectors such as electric vehicles, renewable energy, and semiconductors, enabling China to compete more effectively on the world stage. Interestingly, this initiative reflects China's broader ambition to transform its economy from low-cost manufacturing to high-value, technology-driven industries.

China's export strategy has been significantly influenced by a slump in domestic demand, prompting the country to adopt a more aggressive export approach. This is marked by government policies that incentivize exports, such as tax breaks and subsidies, aiming to maintain economic growth despite weaker internal consumption. Interestingly, this situation has led to increased trade tensions with other nations as they respond to the influx of Chinese goods.

The textile sector contributes approximately 2.3% to India's GDP. This figure highlights the significant role the textile industry plays in the overall economic structure of the country, providing both direct and indirect employment opportunities and contributing to various segments of the economy. Interestingly, the textile sector not only supports economic growth but also plays a crucial role in rural upliftment through job creation.

The National Technical Textiles Mission is launched specifically to establish India as a leader in technical textiles. With a substantial budget, this initiative focuses on enhancing production and research in this rapidly growing sector. Technical textiles are essential for various applications, including healthcare and automotive, which underscores their importance in modern industry.

The removal of a judge of the Supreme Court or High Court in India requires a resolution passed by both Houses of Parliament, supported by a majority of the total membership of each House and at least two-thirds of the members present and voting. This process is significant as it provides judges with substantial protection against arbitrary dismissal, ensuring judicial independence. Interestingly, this high threshold for removal reflects the importance of maintaining the integrity and autonomy of the judiciary within the Indian democratic framework.

The correct statement is that impeachment is the only mechanism for addressing misconduct of judges in India. This political process is limited to cases of "proved misbehavior" or "incapacity," making it difficult to remove judges due to the high level of political consensus required. This limitation has led to very few successful impeachment proceedings, underscoring the challenges in holding judges accountable while preserving their independence.

The SASTRA Ramanujan Prize is awarded annually to mathematicians worldwide who are under 32 years old and who work in areas related to the contributions of Srinivasa Ramanujan. This age limit honors the remarkable achievements of Ramanujan during his brief life and encourages young talent in the field of mathematics. An interesting fact is that this award was established in 2005 and is given on December 22, Ramanujan's birthday, highlighting its significance.

Cassowaries play an important ecological role by dispersing seeds from native plants, which helps maintain plant diversity within their rainforest habitats. They are indeed large, flightless birds native to New Guinea and Australia. Their presence in an ecosystem is crucial for promoting biodiversity. Additionally, cassowaries can be quite dangerous due to their size and powerful legs, making them one of the most dangerous birds in the world.

India is responding to the challenge posed by increased Chinese imports by imposing anti-dumping and anti-subsidy duties. These measures aim to protect local industries from unfair competition and stabilize the trade balance. Additionally, India is seeking to enhance its domestic manufacturing capabilities and reduce reliance on imports. An interesting fact is that despite these measures, India's imports from China have continued to rise significantly, highlighting the complexity of global trade dynamics.

Technological Upgradation is a significant challenge affecting productivity in the textile sector. Many manufacturing units in India still rely on outdated technology, which limits their efficiency and competitiveness. Investing in modern machinery is crucial for enhancing productivity. An interesting fact is that the shift towards advanced technologies not only improves production but also can lead to more sustainable practices, reducing the environmental impact of textile manufacturing.