Daily Current Affairs MCQs: 11th March 2025 - Bank Exams MCQ

The primary goal of the Chandrayaan-3 mission is to explore the presence of water ice on the Moon. This is crucial for future lunar habitation as water can support human life and may also be used as a resource for fuel in interplanetary travel. Interestingly, recent findings suggest that potential water-ice deposits may exist beyond the traditionally recognized polar regions of the Moon, which could enhance our understanding of lunar resources and their utilization in future space missions.

The primary purpose of the Chandrayaan-3 mission is to advance interplanetary mission technologies. This mission includes a Lander Module, a Propulsion Module, and a Rover, each designed to enhance our understanding of lunar exploration and contribute to future missions. The technological advancements made through this mission are critical for the ongoing exploration of the Moon, which may eventually lead to human habitation and further space exploration efforts. An interesting fact about lunar exploration is that the Moon's surface has unique properties that challenge our current understanding of planetary sciences, making missions like Chandrayaan-3 essential for gathering more data.

The Kisan Credit Card (KCC) scheme was specifically designed to provide farmers with easy access to credit for purchasing essential agricultural inputs such as seeds, fertilizers, and pesticides. This initiative aims to support farmers in enhancing their productivity and financial stability by ensuring they have the necessary funds for their agricultural needs. An interesting fact about the KCC scheme is that it was expanded in 2018-19 to include not only crop cultivation but also fisheries and animal husbandry, thereby broadening its impact on various sectors of agriculture.

The Draft UGC Regulations, 2025 primarily aim to establish a merit-based selection process for Vice-Chancellors in Indian universities. This move is designed to minimize political interference and promote autonomy in higher education institutions. By emphasizing qualifications and experience in academic leadership, the regulations seek to ensure that the selection of V-Cs is based on merit rather than political affiliations. This shift aligns with judicial precedents that advocate for the independence of educational governance in India. An interesting fact is that the Supreme Court has played a crucial role in shaping the legal framework that supports this autonomy, thereby reinforcing the importance of higher education institutions operating free from external influences.

The share of salaried employment in India has decreased from 22.9% in 2019-20 to 21.7% in 2023-24. This decline indicates a shrinking proportion of the workforce in salaried positions, reflecting broader trends in employment dynamics and economic challenges, including increased informal work and a reduction in formal job opportunities. Such shifts can impact overall economic stability and the purchasing power of households.

Real wages for salaried workers decreased by 1.7% in June 2024 compared to June 2019. This decline emphasizes the impact of inflation and rising consumer prices, which have outpaced nominal wage increases, leading to reduced purchasing power for workers. Understanding these trends is crucial for policymakers aiming to enhance wage growth and economic stability.

The excess labor supply of qualified workers has contributed to the stagnation of real wages for salaried workers. With more individuals competing for the same jobs, the wage premium for higher education has diminished, limiting salary growth potential. This situation reflects broader economic trends where an oversupply of talent can lead to lower wage dynamics, making it essential for workers to continually enhance their skills to remain competitive in the labor market.

The implementation of demonetization and GST has accelerated the shift toward informal and gig work, leading to job losses and a decline in formal employment opportunities. These policy changes disrupted small and medium enterprises, which are typically significant sources of formal job creation. Understanding these impacts is critical for formulating future economic policies aimed at stabilizing and improving the labor market.

The Large Phased Array Radar (LPAR) is notable for its extensive monitoring capability, allowing it to surveil areas over 5,000 kilometers. This technological advancement enables real-time detection and tracking of ballistic missile launches, enhancing military readiness significantly. Unlike traditional radar systems, which rely on mechanical parts to rotate and scan, LPARs use electronically controlled antennas, providing them with the ability to track multiple targets simultaneously with high precision. This capability is crucial for national defense and early warning systems, especially in regions with complex security dynamics. An interesting fact is that only a few nations, including the United States and Russia, possess similar radar technology, highlighting its strategic importance in global military capabilities.

Ukraine has emerged as the largest arms importer due to ongoing conflicts, particularly the war involving Russia. This shift highlights how geopolitical tensions can significantly influence global arms trade dynamics. Historically, arms imports can reflect a nation's military strategy and its responses to perceived threats, showcasing the complex relationship between national security and international relations.