Daily Current Affairs MCQs: 21st March 2025 - Bank Exams MCQ

Finland has maintained its position as the happiest country in the world for eight consecutive years, a remarkable achievement that highlights its strong social support systems, high levels of trust in government, and overall quality of life. This consistent ranking reflects key factors such as a well-functioning welfare state and the importance of social connections in contributing to individual happiness.

India's happiness score improved from 4.054 to 4.389 out of 10 in the World Happiness Report 2025. This increase indicates progress in areas that contribute to life satisfaction, such as social support and perceived freedom, although it still reflects the challenges the country faces in enhancing overall well-being among its citizens.

The United States announced its withdrawal from the World Health Organization (WHO) in 2020, citing mismanagement during the COVID-19 pandemic and claiming that the organization was unduly influenced by China. This decision reflected broader tensions in international relations and raised concerns about the impact on global health security and cooperative responses to pandemics.

Political stability is not listed among the six primary factors influencing happiness according to the World Happiness Report. The key indicators include GDP per capita, healthy life expectancy, social support, perceived freedom to make life choices, generosity, and perception of corruption. These factors are interconnected and contribute to the overall sense of well-being and satisfaction in life.

The DEFUND Act, which aims to withdraw U.S. funding from the United Nations, poses a significant financial crisis for the organization. As the largest financial contributor, a halt in U.S. contributions would severely impact UN operations, particularly in peacekeeping and humanitarian efforts. This act illustrates the potential weakening of multilateral cooperation and the challenges faced by international organizations in maintaining their effectiveness in global governance.

The fine imposed by the CCI on Meta signifies a crucial action towards regulating data monopolization within India's digital economy. This step reflects growing concerns about anti-competitive practices, particularly those related to user data exploitation, enhancing the need for comprehensive reforms in competition laws. The implications of the CCI's decision indicate a proactive approach to managing the influence of large tech companies on market dynamics.

The Holocene Epoch is marked by significant warming and relative climate stability compared to earlier glacial periods. This geological period began approximately 12,000 years ago and has been crucial for the development of human civilizations, including agriculture and complex societies. Its climatic stability has allowed for the flourishing of human culture and technological advancement.

The Samarth Incubation Programme aims to foster innovation and growth in the technology sector by supporting startups, particularly in fields like telecom software and cybersecurity. By providing grants, mentorship, and access to facilities, the program helps new businesses transition from ideation to commercialization, which is critical for technological advancement and economic growth in India.

The increase in government healthcare expenditure has significantly improved healthcare affordability and accessibility, thereby reducing out-of-pocket expenses for individuals. Initiatives such as Ayushman Bharat and the expansion of public health services have alleviated financial burdens, making healthcare more accessible for low- and middle-income families.

The Pension Fund Regulatory and Development Authority (PFRDA) is tasked with promoting old-age income security and safeguarding the interests of pension fund subscribers. It regulates the National Pension System (NPS) and other pension schemes, ensuring that subscribers are informed and that their rights are protected. This regulatory framework is essential for maintaining trust and stability in India's pension system.