Daily Current Affairs MCQ: 7th September 2024 - CUET Commerce MCQ

La Niña is characterized by cooler sea temperatures in the eastern Pacific Ocean. During this phase, the trade winds strengthen, pushing warm water westward and allowing cooler waters to rise in the east. This phenomenon can significantly influence weather patterns globally, often resulting in enhanced monsoon activity in regions like India.

The Supreme Court ruled that judicial appointments must reflect the collective wisdom of the High Court Collegium rather than being decided by any single individual, such as the Chief Justice of a High Court. This collaborative approach is aimed at ensuring transparency and accountability in the appointment process, thereby enhancing the integrity of the judiciary.

La Niña is known to enhance monsoon activity in India. During La Niña years, the strengthened trade winds lead to increased rainfall, which can benefit agricultural activities. However, the effects can vary regionally, and some areas may still experience deficient rainfall despite overall positive trends.

During the 1980s, India experienced a significant balance of payments crisis, driven largely by rising fiscal deficits and increasing government debt. This period highlighted the risks associated with persistent fiscal imbalances, as the government had to borrow extensively to finance developmental expenditures, which worsened the overall economic situation.

The government set an ambitious target to reduce the fiscal deficit to 4.5% of GDP by 2025-26, down from 4.9% in 2024-25. Achieving this target is crucial for improving the debt-GDP ratio and ensuring economic stability, particularly with projected nominal GDP growth rates in the coming years.

The crowding-out effect occurs when increased government borrowing raises interest rates, which subsequently reduces private sector investment. With government deficits absorbing a significant portion of available capital, there are fewer resources available for private investment, especially in a context where household savings are declining.

The NCLAT primarily serves to hear appeals against decisions made by the National Company Law Tribunal (NCLT) under the Companies Act, 2013. This function is crucial in ensuring a fair and transparent process in corporate governance and insolvency matters, thus enhancing the overall effectiveness of corporate dispute resolutions in India.

The BPaLM regimen is notable for being an all-oral treatment that includes fewer pills, making it easier for patients to adhere to the regimen. This innovative approach not only improves patient compliance but also significantly reduces the treatment duration compared to older methods, which often required a lengthy and cumbersome process.

The NCLAT has several powers akin to those of a civil court, which include summoning witnesses and requesting the production of documents. This judicial capability allows NCLAT to conduct thorough hearings and ensure that all relevant evidence is considered, thereby facilitating fair adjudication of corporate disputes.

One of the major challenges in the India-EU relationship is the presence of regulatory discrepancies and differing geopolitical stances. These factors have complicated negotiations for a Free Trade Agreement (FTA) that began in 2007, highlighting the need for both parties to reconcile their economic priorities with their political and regulatory frameworks.