Daily Current Affairs MCQ: 8th September 2024 - Bank Exams MCQ

The study indicates that over 85% of districts in India are vulnerable to extreme climate events, which include floods, droughts, cyclones, and heatwaves. This high percentage highlights the widespread nature of climate risks facing the country, necessitating urgent action to mitigate these threats.

The study reveals that there has been a two-fold increase in drought events, both agricultural and meteorological, over recent decades. This trend indicates a significant shift in climate patterns, where previously vulnerable areas are now experiencing heightened drought conditions.

GIS technology plays a crucial role in enhancing climate resilience by offering advanced spatial analysis tools that integrate various data sources. This allows for better understanding and mapping of climate risks, which is vital for planning and implementing effective adaptation strategies in vulnerable regions.

The slower growth in bank deposits is primarily attributed to a notable shift of household savings from traditional savings accounts in banks to capital markets. Following the Covid-19 pandemic, many individuals have sought higher returns available through equity markets and mutual funds. This trend is supported by advancements in digital infrastructure that make investing more accessible. As a result, banks are experiencing a reduced growth rate in deposits compared to the rise in credit growth.

India is projected to significantly benefit from the GCC's diversification efforts, as the region is expanding beyond traditional energy sectors into areas like tourism, construction, and finance. This shift opens up new avenues for trade and investment, aligning well with India's growing economic ties and the increasing demand for goods and services in these sectors. Such developments can bolster India's economic engagement with the GCC countries.

The India-GCC Free Trade Agreement (FTA) is currently under negotiation. This agreement aims to enhance and develop economic cooperation between India and the GCC countries. Discussions have gained momentum following the India-UAE FTA, indicating a proactive approach to deepen trade relations. Such agreements are vital for creating a more integrated economic environment, benefitting both regions.

The 'Jal Sanchay Jan Bhagidari' initiative is primarily aimed at enhancing rainwater harvesting and ensuring long-term water sustainability. By constructing rainwater harvesting systems and promoting community involvement, the initiative seeks to save water and improve sustainable water use practices. This approach reflects a growing awareness of the need for efficient water management in the face of climate change and urbanization.

The conveyance system in a rainwater harvesting setup is responsible for transporting the collected water from the catchment area to the storage or recharge sites. This system is crucial for efficiently channeling rainwater, ensuring that it reaches the intended storage facilities or recharges groundwater, ultimately aiding in water conservation efforts.

The 'Atal Bhujal Yojana' is designed to address groundwater issues in India by emphasizing better management practices and encouraging sustainable use of groundwater resources. It highlights the necessity of community involvement in managing water demand and implementing groundwater recharge practices, thereby fostering a collaborative approach to water conservation.

India's attractiveness as an emerging market stems from significant economic reforms, structural changes, and substantial infrastructure investments. These developments have bolstered investor confidence and positioned India as a favorable destination for global capital, particularly as investors seek alternatives amid geopolitical tensions elsewhere.