Daily Current Affairs MCQs: 14th May 2025 - Humanities/Arts MCQ

The National Education Policy (NEP) 2020 is designed to enhance the educational framework in India with a focus on improving the quality of education and ensuring that graduates are employable in the job market. Despite its ambitious goals, the policy has faced challenges in effectively translating educational outcomes into job opportunities for students. This highlights the ongoing need for collaboration between educational institutions and industries to create a more effective pathway from education to employment. An interesting fact is that NEP 2020 also emphasizes the importance of multidisciplinary education, which can equip students with a broader skill set and enhance their adaptability in various job sectors.

The projected employability rate in India for 2025 is 42.6%. This figure indicates a minimal improvement from previous years, highlighting a significant concern regarding the alignment between educational outcomes and the actual job market needs. It suggests that despite educational reforms, many graduates may still struggle to find suitable employment, emphasizing the importance of integrating practical skills and real-world experience into educational curricula. Interestingly, the gap between education and employability is a global issue, affecting many countries as they adapt to the rapidly changing economy.

NEP 2020 has faced the challenge of resulting in low-skill gig economy jobs instead of addressing the need for skilled professionals in a dynamic job market. This indicates that while the policy aimed to introduce flexible learning pathways, it has not sufficiently prepared graduates for the demands of high-skill occupations. This situation underscores the importance of aligning educational reforms with industry requirements to ensure that the workforce is adequately equipped for future challenges. A noteworthy point is that the gig economy, while offering flexibility, often lacks the job security and benefits associated with traditional employment.

A major concern regarding large-scale educational projects is that they often lack transparency and fail to utilize public funds effectively. This raises questions about accountability and the actual benefits delivered through these initiatives. The inefficiency in fund allocation can hinder the development of quality education, which is crucial for preparing a competent workforce. Additionally, ensuring accountability and transparency in education can lead to better outcomes and more trust in public systems. Interestingly, countries that prioritize educational accountability tend to see better long-term economic performance.

The primary purpose of the Centralised Information Management System (CIMS) is to facilitate the reporting of details regarding digital lending applications by regulated entities to the RBI. This centralized system enhances efficiency in regulatory reporting and improves the quality and timeliness of data related to financial risks. By streamlining the data submission process, CIMS allows the RBI to better oversee the financial landscape and respond effectively to emerging risks. Interestingly, the adoption of cloud-based technology in CIMS not only optimizes data management but also reduces the workload on banks, making reporting more efficient and effective.

The main purpose of Digital Banking Units (DBUs) is to enhance financial inclusion by providing digital financial services, particularly in semi-urban and rural areas. By offering services such as account opening and mobile banking, DBUs aim to make banking more accessible to underserved populations, thereby promoting broader participation in the financial system. Interestingly, the establishment of DBUs aligns with India's broader goals of digitizing the economy and increasing the availability of banking services across diverse regions.

The digital rupee is indeed a sovereign currency issued by the Reserve Bank of India (RBI), aligning with its monetary policy. This means it is backed by the government and recognized as legal tender, unlike cryptocurrencies which are not issued by any central authority. Understanding the role of the RBI in issuing a digital currency is crucial as it reflects the institution's efforts to modernize banking and payment systems in India, ensuring safety and efficiency in transactions.

The primary purpose of issuing Treasury Bills (T-Bills) is to meet the short-term financial requirements of the central government. T-Bills are used for managing liquidity and financing short-term needs, which allows the government to maintain fiscal stability. Additionally, they play a crucial role in the Reserve Bank of India's open market operations, helping to regulate inflation and influence borrowing behaviors in the economy. An interesting fact about T-Bills is that they are sold at a discount to their face value, which means investors earn a return by receiving more at maturity than they initially paid.

The phrase "Ecology is the permanent economy" emphasizes that economic growth cannot be sustained without a healthy ecosystem. This assertion highlights the interconnectedness of economic activities and environmental sustainability. As industries grow and resources are consumed, it's essential to recognize that ecological integrity underpins long-term economic viability. This perspective encourages practices that align economic planning with ecological health, fostering a more sustainable future. Interestingly, many successful economies today are increasingly adopting sustainable practices, showcasing that economic prosperity and environmental stewardship can go hand in hand.

Geothermal energy is primarily obtained from the heat stored in the Earth's interior, which is largely a result of the decay of radioactive elements. This process generates heat that can be harnessed for various applications, such as electricity generation and heating. An interesting fact is that geothermal energy is considered a renewable resource because it relies on the natural heat of the Earth, which is continually replenished. Unlike solar and wind energy, geothermal energy can provide a stable and continuous power source, known as base load power.