Daily Current Affairs MCQs: 13th July 2025 - Bank Exams MCQ

The New Development Bank (NDB) was created specifically to mobilize resources for infrastructure and sustainable development projects in emerging markets and developing countries. This initiative reflects BRICS's commitment to enhancing cooperation among its members while addressing developmental challenges faced by many nations.

India launched Operation Shiva to ensure the safety and smooth conduct of the Amarnath Yatra, an important Hindu pilgrimage. The operation demonstrates the Indian Army's proactive measures to provide security and support for the large number of pilgrims participating in this annual event.

The World Bank's report states that inequality in India is low and declining based on consumption data. However, independent studies contest this view, suggesting that income and wealth inequality is actually high and increasing. This raises questions about the reliability of the data and the implications for policy-making.

CTBC Bank applied to establish an IFSC Banking Unit (IBU) in GIFT City, which marks a significant step in expanding its operations in India's International Financial Services Centre. This move highlights the growing importance of GIFT City as a financial hub and the role of IFSCA in facilitating international financial services.

Activists are urging the Telangana government to reconsider development plans for Bhadrakali Lake due to concerns about the lake's shrinkage. The ecological significance of such historical sites necessitates a careful approach to development that balances progress with environmental preservation.

The Gini coefficient is a statistical measure of income or wealth inequality within a group or country. A decrease from 0.288 to 0.255 suggests that India has one of the lowest levels of inequality globally, according to the World Bank's consumption-based data. However, this metric is debated as reflecting true income inequality.

Unmanned Aerial Vehicles (UAVs), commonly referred to as drones, are being utilized for real-time monitoring of the Yatra routes and the Holy Cave. This advanced technology plays a crucial role in enhancing security measures and ensuring the safety of the pilgrims during the pilgrimage.

Pong Dam Lake Wildlife Sanctuary is recognized as a Ramsar site, highlighting its ecological significance. Ramsar sites are wetlands of international importance, and this designation emphasizes the need for conservation and protection of the diverse flora and fauna found in the sanctuary.

Wildlife officials have reported a significant decline in the population of blackbucks in the Abohar Wildlife Sanctuary. This decline raises concerns about their conservation status, as the blackbuck is an important species native to India and Nepal, requiring protective measures to ensure its survival.

"De-dollarization" refers to the efforts by emerging economies, including BRICS nations, to reduce their reliance on the U.S. dollar in global finance. This initiative aims to create a diversified financial system that mitigates vulnerabilities caused by over-dependence on the dollar, particularly in light of geopolitical tensions.