Daily Current Affairs MCQs: 2025-12-29 with solutions - Bank Exams Attempt

India has shifted from a heavy reliance on a few traditional suppliers, primarily from West Asia, to a more diversified oil import strategy. This includes increasing imports from Russia, which has become a significant supplier, thereby balancing geopolitical risks and cost-effectiveness. This change reflects India's strategy to enhance energy security while adapting to global market dynamics.

The international sanctions imposed on Iran significantly disrupted India's energy ties, causing a reduction in Iran's share of crude imports from double digits to as low as 5.7% in the fiscal year 2014-15. This illustrates how geopolitical developments can directly affect a country's energy sourcing and import dynamics.

Russia's emergence as a significant supplier of crude oil to India is primarily due to geopolitical shifts and the availability of discounted pricing. India's diplomatic flexibility has enabled it to secure favorable oil deals amidst global disruptions, highlighting the importance of adaptability in international relations concerning energy security.

The Electoral Trust Scheme has led to financial asymmetries that favor the incumbent party, particularly the BJP, which received a disproportionate share of corporate donations. This highlights ongoing issues in the political finance landscape, where unequal access to funding can distort electoral competition and democratic processes.

India accounts for approximately 17.5% of the global population but only 3% of global research output. This disparity indicates a significant research deficit in India, emphasizing the need for increased investment in research and development to harness the potential of its large population.

A major challenge in India's research and development sector is the brain drain of skilled researchers who seek better opportunities abroad. This loss of talent exacerbates the existing research deficit and hinders India's ability to advance in innovation and technology, reflecting the need for improved infrastructure and funding in the domestic R&D landscape.

India's relationship with Iran has evolved into a mutual partnership driven by practical concerns such as energy security. The historical ties between the two nations enhance their collaboration, particularly in securing reliable access to Iranian hydrocarbons, which is vital for India's economic growth.

The recent invalidation of the Electoral Bonds Scheme by the Supreme Court has impacted the funding landscape of political parties in India. This decision reflects ongoing concerns about transparency and fairness in political financing, aiming to level the playing field among different political entities.

The Graded Response Action Plan (GRAP) includes measures such as mandating the closure of schools during phases of severe air pollution. This proactive approach aims to mitigate health risks associated with poor air quality, showcasing the government's efforts to address environmental crises effectively.

The Public Trust Doctrine, introduced by the Supreme Court, emphasizes that the state is responsible for managing natural resources for public benefit rather than for private gain. This principle ensures that resources are preserved for future generations and highlights the government's role in environmental stewardship.