Daily Current Affairs MCQs: 4th December 2024 - Bank Exams MCQ

The Banking Laws (Amendment) Bill, 2024 allows bank account holders to designate up to four nominees for their accounts. This provision aims to enhance customer convenience, particularly in easing the inheritance process related to bank deposits. It reflects a significant shift in banking regulations to accommodate the needs of depositors and ensure smoother transitions in account management after an account holder's death.

The Banking Laws (Amendment) Bill, 2024 extends the tenure for directors (excluding chairpersons and whole-time directors) in cooperative banks from eight to ten years. This amendment aligns banking regulations with the provisions of the Constitution (Ninety-Seventh Amendment) Act, 2011, which aims to enhance governance and stability within cooperative banks. This extension is expected to encourage experienced leadership and improve decision-making processes.

A windfall tax is specifically designed to levy additional taxes on companies that experience unexpectedly high profits due to external events or market changes, such as geopolitical crises or rapid changes in market demand. In the case of oil production, the tax was intended to ensure that profits gained from rising global oil prices were partially redirected to the government, thereby stabilizing domestic fuel supplies and managing the economic impact of these price changes. An interesting fact is that such taxes are often temporary measures during times of crisis, and their implementation can vary significantly across different countries and industries.

The Banking Laws (Amendment) Bill, 2024, increased the tenure limit for directors in cooperative banks from 8 to 10 consecutive years. This change allows for greater stability and experience within the management of cooperative banks, potentially leading to improved governance and operational efficiency. This amendment reflects a broader trend in regulatory reforms aimed at enhancing the functioning of the cooperative banking sector, which plays a crucial role in providing financial services to various communities. A notable aspect of cooperative banks is their focus on local economic development, which can be positively influenced by experienced leadership.

The Air Quality Dashboard aims to provide real-time and forecasted data on air pollution, merging ground sensor data with satellite imagery to give users a comprehensive view of air quality across various regions. This tool is essential for communities, policymakers, and researchers to understand pollution dynamics and plan accordingly. Interestingly, the dashboard uses advanced modeling techniques to illustrate how weather patterns can influence pollution spread, highlighting the interconnectedness of environmental factors.

Nandalal Bose's unique "Indian style" of painting was significantly influenced by Japanese Nihonga traditions, among other art forms such as Mughal miniatures and Ajanta murals. This blend of influences allowed him to create a distinctive style that celebrated Indian cultural heritage during a time when it was under threat from colonial rule. Bose's approach emphasized the importance of indigenous art forms, and he played a crucial role in the revival of India's artistic identity, making him a pivotal figure in modern Indian art.

The Subabul tree is characterized as a fast-growing leguminous tree, making it particularly valuable for use as a cover crop in various regions. Its rapid growth allows it to be planted quickly and effectively in agricultural settings, contributing to soil health and providing fodder and fuel. Additionally, its ability to thrive in tropical and subtropical climates further enhances its utility in diverse agricultural practices.

The primary mode of transmission for Marburg Virus Disease is from animals to humans, particularly through contact with Rousettus bats, which are known carriers of the virus. This zoonotic transmission is a significant concern, as it can lead to outbreaks when humans come into contact with infected animals or their bodily fluids. Understanding this transmission pathway is crucial for implementing effective public health measures to prevent outbreaks and protect communities.

The primary purpose of the advisory opinion requested from the ICJ is to clarify the climate obligations of countries under international law. This involves evaluating what responsibilities nations have to protect the climate system and the legal repercussions for failing to meet these obligations. While the opinion will not be legally binding, it has the potential to significantly influence international climate governance and the interpretation of existing legal frameworks. An interesting fact is that this case marks a significant step for small island nations, like Vanuatu, which are directly impacted by climate change, in seeking accountability from larger, historically polluting nations.

EcDNA challenges Mendel's Law of Independent Assortment, which states that genes located on different chromosomes are inherited independently. Instead, ecDNA can cluster genes together and transmit them as a unit during cell division. This means that cancer cells can rapidly acquire advantageous genes that promote growth and resistance to therapies, thereby enhancing their survival and adaptability. This mechanism allows for a more efficient transfer of genetic traits that can lead to tumor evolution and complicates treatment options. An additional fact is that the presence of ecDNA in cancer cells has been linked to a diverse range of tumor types, highlighting its significance in cancer biology.