DAILY CURRENT AFFAIRS QUIZ – 5 January, 2026

Explanation: Financial and oil sanctions disrupted payments, shipping, and insurance, sharply reducing oil trade.

Explanation: India’s independent decision-making amid competing global pressures demonstrates strategic autonomy.

Explanation: India does not support unilateral sanctions not authorised by the UN and has maintained limited engagement, reflecting strategic autonomy.

Explanation: Venezuela possesses the world’s largest proven oil reserves, and India’s engagement has focused on securing energy supplies rather than military or ideological objectives.

Explanation
Shifting greater financial burden to States without adequate fiscal transfers creates stress. States have varying revenue capacities and social needs. Such shifts can affect scheme implementation and equity. Cooperative federalism requires balanced responsibility and resources. Persistent fiscal stress may weaken welfare delivery. Therefore, the challenge is fiscal federalism stress.