Daily Current Affairs MCQs: 15th November 2024 - Bank Exams MCQ

The SDS visa program offered several key advantages to international students, particularly those from India. One significant benefit was the expedited processing of study permit applications for students who met specific eligibility criteria, which greatly reduced waiting times compared to standard visa applications. This allowed students to start their studies without unnecessary delays. Additionally, the SDS program featured lower application fees and a simplified documentation process, making it more accessible for many applicants. An interesting fact is that in 2022, over 189,000 Indian students utilized the SDS program, demonstrating its popularity and effectiveness in facilitating education abroad.

The Canadian government's decision to terminate the SDS visa program stemmed from various concerns, with one of the primary reasons being the abuse of the system. There were rising worries that some applicants were enrolling in low-value diploma courses solely to gain permanent residency rather than pursuing genuine educational objectives. This misuse prompted a reevaluation of the program's integrity and effectiveness. Additionally, the increasing number of international students was straining housing and public services, further complicating the situation. This reflects a broader trend in immigration policy where governments must balance accessibility with the sustainability of resources.

The primary purpose of World Diabetes Day is to raise awareness about diabetes, including its prevention and management. Celebrated annually on November 14, this day highlights the importance of understanding diabetes and encourages lifestyle changes that can help reduce the risk of developing the condition. An interesting fact is that this observance was established in response to the growing global diabetes epidemic, reflecting the need for education and accessible healthcare solutions.

The active ingredient in both Wegovy and Ozempic is semaglutide. Novo Nordisk has taken legal action against compounding pharmacies that create alternatives to these drugs due to concerns over safety and efficacy. This highlights the importance of quality control in pharmaceutical compounding, as improper formulation can lead to significant health risks. An interesting detail is that semaglutide was originally developed for managing diabetes but has gained recognition for its effectiveness in weight loss, addressing two major health concerns simultaneously.

The Ahuna festival is significant as it symbolizes gratitude for the harvest and serves as a prayer for blessings and prosperity in the upcoming year. This festival reflects the agricultural heritage of the Sumi Naga tribe and their connection to the land, showcasing the importance of harvests in their culture and livelihoods. Interestingly, such festivals not only celebrate agricultural success but also strengthen community bonds and cultural identity among the tribe members.

The tea industry in India faces multiple challenges, notably the management of human-wildlife interactions, increased reliance on chemicals for production, and various labor issues. These challenges highlight the need for sustainable practices to ensure the industry's viability and the welfare of its workers. Additionally, as the global demand for tea remains strong, addressing these challenges is crucial for maintaining both economic benefits and ecological balance. An interesting fact is that over half of the workforce in tea plantations consists of female workers, who often face significant wage disparities and inadequate working conditions.

The Ulgulan movement, led by Birsa Munda, primarily aimed to preserve tribal identity and cultural values while fighting against colonial exploitation. This movement was significant not just as a political rebellion but also as a reaffirmation of the cultural strength and rights of tribal communities in the face of oppression. Birsa's efforts highlighted the importance of cultural heritage in maintaining community identity and resilience against external forces.

The MATES (Mobility Arrangement for Talented Early-professionals Scheme) allows eligible Indian university graduates and early-career professionals to live and work in Australia for a duration of up to two years. This initiative is designed to foster mutual migration and mobility between India and Australia, allowing young professionals to gain valuable international work experience while addressing the needs of both countries. An interesting fact about this scheme is that it is part of a broader Migration and Mobility Partnership Arrangement that aims to facilitate legal migration pathways, ensuring that both nations benefit from the skills of young professionals.

Domestic Systemically Important Banks (D-SIBs) are financial institutions recognized for their significant impact on the national economy. Their failure may cause widespread economic turmoil, leading to panic and instability. Due to their importance, these banks are subjected to enhanced regulatory standards to mitigate systemic risks and moral hazard issues. Interestingly, the designation of D-SIBs was established after the 2008 financial crisis, which highlighted the risks associated with large financial institutions.

The Armed Forces (Special Powers) Act (AFSPA) empowers the armed forces to conduct searches and make arrests without warrants in areas classified as disturbed due to insurgency or conflict. This legislation is aimed at maintaining public order and addresses security challenges. An interesting fact about AFSPA is that it has been a topic of controversy, with debates focusing on the balance between national security and civil rights, highlighting the complexities of governance in conflict-affected regions.