Daily Current Affairs MCQs: 2026-01-30 with solutions - Bank Exams Attempt

The primary theme of the Economic Survey 2025-26 revolves around the development of an entrepreneurial state capable of navigating uncertainties in the global economy. This approach signifies a shift from traditional macroeconomic analysis, advocating for a more dynamic and innovative economic policy framework that aims to foster resilience and adaptability in India's economic strategies.

The government proposed renaming the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to VB-G RAM G. This change has sparked controversy as it is perceived to diminish Mahatma Gandhi's legacy and the principle of Gram Swaraj, which emphasizes self-rule and empowerment in rural areas. The renaming reflects broader ideological shifts in governance and rural development strategies.

The Union government's health expenditure has decreased from 0.37% of GDP in 2020-21 to 0.29% in 2025-26. This decline indicates a lack of sustained commitment to increasing health funding, even as state governments have raised their spending significantly. This trend poses risks to public health outcomes in India, highlighting the need for increased central investment to support health infrastructure.

The main goal of the One District One Product (ODOP) initiative is to identify, brand, and promote one unique product from each district in India. Inspired by Japan's "One Village One Product" model, ODOP aims to support local artisans, farmers, and small enterprises, enhancing economic development and preserving cultural heritage through the promotion of local specialties in the market.

The proposed Strategic Defence Partnership between India and the UAE signifies a deepening trust and increased engagement in defense matters between the two nations. It is unprecedented in India's relations with Gulf countries and is aimed at enhancing security cooperation amidst escalating geopolitical tensions in West Asia, thereby strengthening bilateral ties in a complex regional landscape.

India faces increased vulnerabilities and limited opportunities as the global landscape transitions from a cooperative model of liberal globalization to a more mercantilist approach that prioritizes national interests. This shift complicates India's position in global trade and limits its bargaining power on critical issues, making it crucial for India to adapt to these changes by strengthening its institutions and fostering inclusive development.

In the revised Consumer Price Index (CPI), the weight of food and beverages has decreased from 45.86% to 36.75%. This adjustment reflects changing consumption patterns and aims to provide a more accurate representation of current economic realities. By recalibrating the CPI, it is anticipated that inflation data will become more stable and relevant for monetary policy management.

Tatya Mama, a significant tribal freedom fighter from the Bhil community, played a crucial role in the resistance against British colonial rule from 1878 to 1889. His actions are often compared to those of Robin Hood, as he targeted oppressive authorities and redistributed resources to support marginalized tribal populations, highlighting the Bhil tribe's struggle for rights and recognition during colonial exploitation.

The declining health spending by the Union government leads to increased out-of-pocket expenses for households, which can strain family finances and hinder access to necessary healthcare services. This trend jeopardizes efforts toward achieving Universal Health Coverage and can adversely affect overall public health outcomes, making it imperative for the government to reassess its funding priorities in health.

The ODOP initiative's alignment with the "Vocal for Local" campaign aims to support local entrepreneurship and sustainable production practices. By promoting unique district products, ODOP not only fosters economic growth at the grassroots level but also encourages communities to take pride in their local heritage and crafts, contributing to a self-reliant and culturally confident nation.