Daily Current Affairs MCQs: 2026-01-31 with solutions - Bank Exams Attempt

The primary challenge for India in the steel sector regarding its climate goals is to meet the requirements of the Nationally Determined Contribution (NDC). This necessitates significant changes beyond incremental improvements, especially given that the steel industry is responsible for a substantial portion of national carbon emissions. Achieving these targets requires a shift towards sustainable practices and low-emission technologies.

Under the Jal Jeevan Mission, while nearly 98% of rural households have tap connections, only about 76% are reported to receive a reliable and safe water supply. This disparity highlights the ongoing challenges in ensuring quality and functionality of water services despite high connectivity rates.

A significant factor contributing to India's weak private corporate investment is insufficient sales growth. Despite various government incentives aimed at stimulating investment, firms remain hesitant to invest due to stagnant demand and sales, leading to reduced foreign investments and a challenging economic environment.

Total factor productivity (TFP) is identified as a key determinant of a country's potential growth rate. It measures how efficiently labor and capital are utilized together in the production process. Enhancements in TFP can lead to economic growth without triggering inflation, making it essential for sustainable development.

The 27th Constitutional Amendment introduces a significant change by transferring original jurisdiction over constitutional matters from the Supreme Court to a newly established Federal Constitutional Court (FCC). This shift raises concerns about the independence of the judiciary and the potential dominance of the executive branch, which may undermine the foundational principles of judicial oversight.

The goal of the Jal Jeevan Mission is to provide 55 liters of potable water per person per day. This target emphasizes the importance of sustainability, quality, and community participation in ensuring that all rural households have access to safe drinking water.

India's nominal GDP growth has decreased to an expected 8% for the current year, significantly lower than the previously projected growth of 10.1%. This deceleration tightens fiscal space and complicates budgetary planning, as slower growth leads to lower tax revenues and increased borrowing needs.

A notable global trend impacting the steel industry is the shift towards low-carbon production and the implementation of stricter emissions regulations by major economies. This transition is essential for countries like India to remain competitive and meet international climate commitments while promoting sustainable industrial practices.

The Outer Space Treaty of 1967 prohibits any claims of sovereignty over celestial bodies by individual states, establishing that space shall be free for exploration and use by all. This principle aims to prevent conflicts and ensure that the benefits of space exploration are shared among all humanity.

The Indian steel industry is exploring methods such as hydrogen injection and sourcing renewable energy to reduce carbon emissions. These initiatives are part of a broader strategy to transition towards low-emission technologies, which are crucial for achieving climate targets and enhancing global competitiveness in the steel sector.