Daily Current Affairs MCQs: 2026-01-09 with solutions - Bank Exams Attempt

The primary concern regarding GST is that it has limited states' revenue-raising capabilities, creating dependencies on compensation from the central government. This shift has reduced the flexibility states had in determining their own expenditure priorities, raising alarms about their fiscal autonomy and financial independence.

Finance Commissions are responsible for determining the allocation of Union tax revenues to states and establishing distribution formulas. This role is crucial in ensuring that resources are shared between the Union and the states, thus maintaining fiscal federalism in India.

High-performing states argue that they contribute disproportionately to Union revenues yet receive lesser shares in tax devolution. This discrepancy has led to dissatisfaction and calls for a more equitable distribution based on contributions, potentially linked to GSDP.

Gross State Domestic Product (GSDP) is significant as it is viewed as a better measure for assessing the tax base, reflecting economic activity and aligning with revenue generated by consumption. Using GSDP in the allocation formula can lead to a more accurate representation of states' economic contributions.

The Supreme Court's proactive role in environmental governance has led to uncertainty and inconsistency, as the Court has sometimes issued broad directives that conflict with existing regulations. This has created challenges in governance and accountability, complicating effective implementation of environmental laws.

The SHINE Scheme is significant as it empowers women by enhancing their knowledge of safety and quality standards, enabling them to become informed consumers and advocates for product quality. This initiative supports broader goals of women's empowerment and community safety.

The Gadgil Report recommended classifying the entire Western Ghats as an Ecologically Sensitive Area (ESA) and proposed development restrictions to protect its ecological balance. This classification aimed to ensure conservation efforts in one of India's most vital and biodiverse regions.

The primary objective of the Sports Authority of India (SAI) is to promote sports and achieve excellence at both national and international levels. This includes providing training, infrastructure, and support for athletes, thereby playing a crucial role in the development of sports in India.

Sagar Island is facing significant environmental challenges, notably coastal erosion and rising sea levels. These issues threaten its infrastructure and historical sites, prompting efforts for environmental protection and conservation of its unique heritage, especially given its religious significance.

A major change in the United States' approach during Trump's presidency involved the decision to withdraw from numerous international organizations, including UN agencies. This withdrawal reflects a strategic pivot towards unilateralism, prioritizing national interests over collective global engagement and potentially allowing other nations, particularly China, to increase their influence.