Daily Current Affairs MCQs: 2026-02-01 with solutions - Bank Exams Attempt

The Economic Survey 2025-26 emphasizes the transition from a state-dominated space program to a commercially oriented ecosystem. This shift aims to enhance private participation in India's space sector, aligning with the 2020 policy reforms that have opened avenues for private industry involvement and investment. Such a transition is crucial for fostering innovation and competitiveness in the global space market.

Beginning FY 2026-27, India's fiscal policy will transition from focusing on annual fiscal deficit targets to a medium-term debt-to-GDP ratio. This change is designed to enhance flexibility in fiscal management and align with global best practices, aiming for sustainable fiscal consolidation and improved economic resilience.

IN-SPACe, or the Indian National Space Promotion and Authorization Center, was established as part of the 2020 policy reforms to facilitate private participation in India's space sector. This organization plays a crucial role in regulating and promoting private sector investment and innovation in space activities, thereby enhancing the overall capabilities of the sector.

The primary aim of India's ACC Production Linked Incentive (PLI) scheme is to reduce the country's dependency on Chinese battery imports by enhancing domestic battery manufacturing for electric vehicles. However, the scheme has faced challenges, including minimal progress towards its capacity targets, highlighting issues in execution and planning.

India's public health spending is among the lowest globally, significantly trailing behind many other countries. The Union government's expenditure has not met the targets set by the National Health Policy 2017, leading to concerns over the adequacy of healthcare funding and its impact on public health outcomes.

The Supreme Court of India ruled that menstrual health is a fundamental right under Article 21, which pertains to the right to life. This ruling underscores the importance of menstrual hygiene and access to sanitary products in promoting gender equality and enabling girls to participate fully in education and society.

Space spinoffs refer to civilian applications of technologies originally developed for space missions. These innovations often lead to advancements in various sectors, including healthcare, where technologies developed for space exploration have significantly improved diagnostic and medical delivery systems on Earth.

A notable challenge in implementing the ACC scheme has been the unrealistic timelines set for establishing gigafactories, coupled with a heavy dependence on imports for raw materials and expertise. These factors have hindered progress and raised concerns about the ability to meet the set targets for battery manufacturing capacity.

States in India are facing greater scrutiny regarding public finance management due to high levels of state debt, which can hinder investment and economic growth. The Reserve Bank of India has expressed concerns that states with significant debt levels must adopt clear paths for debt consolidation, emphasizing the need for responsible financial management.

The National Commission for Women (NCW) has expanded its support for women's rights by launching new helplines, such as a WhatsApp helpline and a 24x7 Women Helpline, to provide online support and counseling. Additionally, it has initiated training programs to empower women in politics and enhance gender sensitivity among law enforcement, demonstrating a proactive approach to safeguarding women's rights.