Daily Current Affairs MCQ: 31st August 2024 - CUET Commerce MCQ

INS Arighaat contributes to India's nuclear triad, which enables the country to launch nuclear missiles from air, land, and sea platforms. This capability is crucial for maintaining a credible deterrent against potential threats. An interesting point to note is that INS Arighaat, along with its predecessor INS Arihant, signifies India's advancement in indigenous defense technology and its commitment to a robust national security framework.

The Northern Bald Ibis is primarily endangered due to significant threats from habitat loss and hunting. These factors have severely impacted their population, leading to a decline in their natural habitats and making it difficult for them to survive and reproduce. Conservation efforts are crucial to mitigate these threats and help restore their numbers.

Issuing bonus shares allows shareholders to increase their total shareholding without incurring immediate tax liabilities. This means they receive additional shares at no cost, enhancing their investment without affecting their ownership percentage. This method is often viewed positively by investors as it reflects the company's strong financial health.

One of the primary concerns regarding fintech companies in India is their potential exploitation for money laundering activities. Regulatory bodies have raised alarms about certain apps being involved in scams, highlighting the need for robust regulations to ensure compliance and safeguard against financial crimes while still promoting innovation in the fintech sector.

The Tamil Nadu government has declared that the literary works of former Chief Minister M. Karunanidhi will be nationalised, allowing public access for publishing, translating, and adapting these works without restrictions. This decision reflects a commitment to preserving and promoting the cultural and literary heritage of the state, enhancing accessibility for the public. An interesting fact is that this initiative enables the works of 179 Tamil scholars to be available on the Tamil Virtual Academy’s free commons website.

The Global Fintech Fest (GFF) 2024 is primarily aimed at showcasing India's advancements in fintech, highlighting innovations and bringing together key stakeholders within this rapidly growing sector. This event signifies India's commitment to enhancing financial technology and improving access to financial services.

The primary purpose of the Fair Use Doctrine is to permit certain uses of copyrighted material without the need for permission from the copyright owner. This includes uses for criticism, review, research, and education, thereby balancing the interests of copyright holders with the public's right to access information. An intriguing fact is that this doctrine plays a vital role in fostering creativity and innovation by allowing individuals to build upon existing works without infringing on copyright.

Copyright protection for literary works lasts for the lifetime of the author plus 60 years after their death. This duration ensures that the creator's rights are upheld long after their passing, allowing their legal heirs to benefit from the work. An additional fact is that this extended period is designed to encourage creativity and protect the interests of authors and their families, providing a financial incentive to create original works.

The JAM trinity—comprising Jan Dhan accounts, Aadhaar identification, and mobile technology—significantly promotes financial inclusion and simplifies transaction processes by providing a robust framework for digital payments. This integration has enabled millions of Indians to access financial services, especially in rural areas, thus facilitating a substantial increase in digital transactions.

The Payment Passkey Service enhances online transaction security by utilizing biometric authentication techniques, such as fingerprints and facial recognition. This method eliminates the need for traditional passwords and OTPs, making transactions faster and more secure. An interesting aspect of this system is that it generates a pair of cryptographic keys—one public and one private—ensuring that sensitive user data remains protected while allowing seamless access across devices.