Daily Current Affairs MCQs: 6th August 2025 - Humanities/Arts MCQ

Assets Under Management (AUM) refers to the total market value of financial assets, such as stocks and bonds, that are managed by an investment firm on behalf of its clients. AUM is a critical measure as it reflects the size of the fund and investor confidence, impacting management fees and investment limits.

Mutual funds can be classified based on investment objectives into Growth Funds, which target long-term capital appreciation; Income Funds, which seek regular income through dividends and bond investments; and Liquid Funds, which invest in short-term debt instruments and offer high liquidity. This classification helps investors choose funds that align with their financial goals.

The Enforcement Directorate has initiated numerous cases under the PMLA but has achieved a low conviction rate, highlighting the challenges in securing successful prosecutions. This situation raises concerns regarding the effectiveness of the PMLA and the need for improved enforcement mechanisms to combat money laundering effectively.

The primary goal of Ayurveda Aahara is to standardize Ayurvedic dietary practices, ensuring safety and fostering consumer trust in food products that adhere to ancient Indian dietary principles. This initiative aligns traditional diets with modern nutritional standards, aiming to improve public health.

The PAHAL scheme, officially known as Pratyaksh Hanstantarit Labh, focuses on the direct benefit transfer of LPG subsidies to consumers. By allowing consumers to pay the full market price and receiving the subsidy directly in their bank accounts, the scheme enhances transparency and efficiency in subsidy distribution.

The LEAP-1 mission is significant as it represents Dhruva Space's first commercial satellite mission that integrates advanced artificial intelligence (AI) capabilities with Earth observation. This mission enhances data processing and analysis, supporting various applications such as disaster response and environmental monitoring, highlighting India's growing capabilities in space technology.

The INF Treaty, signed in 1987, aimed to eliminate two specific categories of missile systems, particularly ground-launched missiles with ranges from 500 to 5,500 kilometers. This treaty marked a significant achievement in arms control, but recent developments have seen Russia no longer consider itself bound by it, raising concerns about renewed tensions.

Flash floods refer to sudden and intense floods that occur within a short timeframe, often within minutes or hours. In Uttarkashi, these floods were primarily caused by sustained heavy rainfall rather than a cloudburst, illustrating the region's vulnerability to rapid and severe flooding events.

The Rhisotope Project is focused on preventing rhino poaching by making rhino horns traceable and unsuitable for illegal trade. By injecting a radioisotope into the horns, the project aims to deter poaching by ensuring that these horns can be detected and rendered toxic for illegal human consumption, thereby protecting the species.

A significant outcome of the recent strategic partnership between India and the Philippines is the commitment to doubling bilateral trade by 2030. This partnership enhances defence collaboration, trade relations, and people-to-people engagement, marking a transformative moment in their diplomatic relations and mutual cooperation.