Daily Current Affairs MCQs: 26th March 2025 - Bank Exams MCQ

The Gold Monetisation Scheme aims to mobilize idle gold and integrate it into the formal economy. This initiative helps reduce reliance on gold imports, thereby addressing the Current Account Deficit (CAD). By allowing individuals and institutions to deposit their idle gold in banks, the scheme also encourages a more productive use of this valuable commodity.

The Family Mode feature in BHIM 3.0 enables users to onboard family members, monitor shared expenses, and assign specific payments. This feature supports better financial management within families, allowing for a collaborative approach to budgeting and expense tracking.

High unemployment rates persist in southern states, despite having a large workforce. This indicates a mismatch between the available job opportunities and the skills of the workforce, leading to challenges in economic productivity. The shift towards self-employment without a corresponding increase in regular salaried jobs also exacerbates the unemployment issue.

The earthquake, which registered a magnitude of 6.7, emphasizes the ongoing geological activity in New Zealand, particularly in the South Island. This region is known for its seismic activity due to its location along tectonic plate boundaries, making earthquakes a common occurrence.

The rise in vaccine-related petitions reflects growing public concerns about the transparency of the vaccine approval processes. Issues such as the lack of accessible clinical trial data and the monitoring of adverse events have led to declining trust in regulatory bodies like the Central Drugs Standard Control Organisation (CDSCO). Ensuring transparency is vital for maintaining public confidence in vaccination programs.

The significant spread of water hyacinth over the Mula river serves as a warning sign of declining river health. This invasive species disrupts local ecosystems by reducing water quality, altering water flow, and outcompeting native plants, which can lead to a loss of biodiversity and negatively impact aquatic habitats.

The Boilers Bill, 2024, aims to decriminalize seven specific offenses related to boiler operations, thus reducing legal complexities for businesses. While serious offenses that risk life and property still incur criminal penalties, this reform promotes ease of doing business by streamlining regulatory requirements and updating safety standards.

Rising temperatures are identified as the primary driver of accelerated glacier melting. The increase in global temperatures leads to significant mass loss in glaciers, which poses a threat to freshwater availability and contributes to rising sea levels. This phenomenon underscores the urgent need for climate action to mitigate these impacts.

The CGRFA primarily addresses plant genetic resources, serving as the main international forum for discussing matters related to genetic resources critical for food and agriculture. Its mandate has expanded to include animal, forest, aquatic, and microbial resources, emphasizing the importance of these genetic materials for global food security and biodiversity.

The Government of India has announced the discontinuation of Medium-Term and Long-Term Government Deposits under the Gold Monetisation Scheme, effective from March 26, 2025. This change marks a significant shift in how gold deposits are managed in the country, affecting how individuals and institutions can utilize their gold assets going forward.