Daily Current Affairs MCQ: 27th August 2024 - CUET Commerce MCQ

The primary objective of the Pradhan Mantri Mudra Yojana (PMMY) is to facilitate easier access to credit for micro and small enterprises. This initiative by the Government of India aims to bring underserved businesses into the formal financial framework by providing affordable financing options through various financial institutions, thus supporting the growth and development of small businesses in the country.

The registration of exotic pets via the PARIVESH 2.0 portal is mandated to regulate the possession and trade of exotic animals. This measure is crucial for ensuring that individuals who possess species listed in the Wild Life (Protection) Act, 1972, report and register them as per the Living Animal Species (Reporting and Registration) Rules, 2024. By enforcing registration, authorities can monitor and manage the ownership of exotic species to prevent illegal trade and promote conservation efforts.

The primary goal behind the Great Moon Hoax of 1835 was to satirize the intertwining of religious beliefs with scientific discourse, particularly in the field of astronomy. This hoax aimed to showcase the absurdity that could arise when faith and science collide.

The spacewalk in the Polaris Dawn Mission is significant as it will involve testing new spacesuits designed by SpaceX, which offer protection against the heightened radiation levels in the Van Allen Belts.

The Van Allen Belts are primarily composed of high-energy protons and electrons trapped by Earth's magnetosphere. These belts play a crucial role in shielding the Earth from solar storms and cosmic rays.

The loan limit for the Tarun category under the MUDRA 2.0 scheme is up to Rs 20 lakh. This increase in the loan limit is specifically targeted at individuals who have successfully repaid their previous MUDRA loans, aiming to further support their business expansion and growth with higher financial assistance.

The Wild Life (Protection) Amendment Act, 2022 mandates the registration of possession, transfer, birth, and death of species listed in the CITES Appendices and Schedule IV of the Wild Life (Protection) Act, 1972. This legislation aims to strengthen regulatory measures concerning the management and monitoring of exotic species to ensure their protection and conservation.

The Polaris Dawn Mission is led by billionaire entrepreneur Jared Isaacman, who also financed and participated in SpaceX's Inspiration4 mission, the first civilian mission to orbit Earth.

The PARIVESH 2.0 portal serves the purpose of managing environmental, forest, wildlife, and coastal regulation zone clearances. It is a web-based application developed by the Union Ministry of Environment, Forest and Climate Change (MoEFCC) to facilitate the online submission and monitoring of proposals related to these areas. This portal streamlines the process of obtaining necessary clearances for various projects while ensuring environmental compliance and sustainability.

The three categories of loans offered under the Pradhan Mantri Mudra Yojana (PMMY) are Shishu, Kishore, and Tarun. These categories cater to different stages of businesses, with Shishu for new and micro enterprises, Kishore for businesses experiencing growth, and Tarun for businesses seeking further expansion and development.