Daily Current Affairs MCQs: 31st May 2025 - Bank Exams MCQ

The contraction of mining activity, which fell by 0.2% in April 2025, primarily stemmed from low rural consumption and demand. This decline in mining output adversely impacted the availability of raw materials for other industries. Notably, reduced rural spending has been linked to lower purchasing power among farmers, which in turn affects their demand for essential goods. This connection highlights the broader implications of rural economic health on industrial sectors.

Lokmata Ahilyabai Holkar is renowned for her significant contributions to both cultural patronage and social reforms during her reign. She actively supported the arts and infrastructure for pilgrims, while also advocating for the rights of widows and tribal communities. Her reign was noted not only for its peace but also for enhancing agricultural practices, making her a pivotal figure in promoting a prosperous and inclusive society. This dual focus on culture and social justice distinguishes her legacy as a visionary leader.

The primary objective of the 17th edition of Exercise Nomadic Elephant is to strengthen military cooperation between India and Mongolia. This annual bilateral military exercise focuses on enhancing joint operational coordination, particularly in counter-terrorism and peacekeeping operations. Such exercises reflect the commitment of both nations to regional security and stability.

The newly developed sodium-ion battery can charge up to 80% in just six minutes. This rapid charging capability, combined with its ability to endure over 3,000 charge-discharge cycles, positions sodium-ion technology as a significant advancement in energy storage, especially in applications like electric vehicles and renewable energy systems.

The significant challenge highlighted by the increase in higher education enrolment in India is the mismatch between education and employment opportunities. Despite more students graduating, many face high unemployment rates due to a lack of practical skills that employers seek. This disconnect emphasizes the need for educational institutions to align their curricula with industry requirements to better prepare graduates for the job market.

The Skill India initiative is specifically designed to enhance the employability of graduates by providing training and skill development programs. This initiative aims to bridge the gap between theoretical knowledge and practical job skills, thereby addressing the high unemployment rates among educated youth. By focusing on skill development, it seeks to empower the workforce and improve economic opportunities.

The Battery Aadhaar initiative aims to enhance transparency and sustainability within the battery industry by providing each battery pack with a secure, digital identity. This allows for better traceability regarding its manufacturing origin, safety certifications, and lifecycle performance, ultimately promoting safer and more responsible practices in battery usage and recycling. An interesting fact is that this initiative aligns with global goals for sustainable mobility, showcasing how technology can support environmental responsibility.

The Battery Aadhaar initiative employs blockchain technology, specifically called MOBIUS, to ensure transparent data flows and tamper-proof audit trails. This technology is essential for maintaining the integrity of the data associated with each battery, which includes manufacturing details and lifecycle metrics. This use of blockchain reflects a growing trend in various industries to enhance security and reliability in data management.

Systematic implementation of Minimum Support Prices (MSPs) could significantly enhance rural economies by increasing purchasing power and demand for consumer goods. By providing farmers with a guaranteed income floor, MSPs reduce the risk of distress sales and encourage spending on local products. This increased demand can stimulate local businesses and contribute to economic growth within rural communities. An interesting fact is that when farmers have stable incomes, they are more likely to invest in their farms and communities, leading to a cycle of economic improvement.

The UPI for Her Initiative was launched in August 2024 to promote digital financial literacy among women, particularly targeting rural areas. The initiative aims to reduce the gender gap in UPI adoption by enhancing access to technology and providing education on digital financial tools. This effort is crucial for empowering women and facilitating their active participation in the digital economy.