Daily Current Affairs MCQ: 28th December 2024 with solutions - Bank Exams

The Upper Siang Hydropower Project is primarily designed to counter China's ambitious plans for the Yarlung Tsangpo dam, which has a proposed capacity of 60,000 MW. By developing the Upper Siang Project, India aims to bolster its energy capacity and improve regional security while also addressing energy demands within the country. This project highlights the strategic importance of hydropower in maintaining energy independence and geopolitical stability in the region.

Migrants attempting to reach the Canary Islands face numerous challenges, particularly strong ocean currents and adverse weather conditions. The Atlantic migration route is known to be one of the most dangerous globally, with overcrowded and poorly equipped boats often contributing to high fatality rates. The harsh maritime environment and the inherent risks of migration underscore the need for improved safety measures and international cooperation to ensure humane treatment for those seeking refuge or better opportunities in Europe. In 2024, over 10,000 migrant deaths highlighted the urgency of addressing these issues effectively.

The primary aim of the Fishing Cat Collaring Project is to enhance conservation efforts for the Fishing Cat, an endangered species that inhabits the unique ecosystem of Coringa Wildlife Sanctuary. By collaring these cats, researchers can monitor their movements and behaviors, which will help in protecting their habitat and ensuring their survival. Interestingly, the Fishing Cat is not only known for its swimming ability but is also an adept fisher, which highlights the importance of wetland conservation for its food sources.

The HCES for 2023-24 indicated an increase in average monthly per capita consumption expenditure (MPCE) in both rural and urban areas, with rural areas experiencing a rise of approximately 9%. This reflects a positive trend in household economic well-being and suggests that consumption patterns are improving, especially in rural regions. A noteworthy aspect of this survey is that it also showed a reduction in consumption inequality, as indicated by the decreasing Gini coefficient. This means that the gap between the richest and poorest households in terms of consumption is narrowing, which is a significant indicator of economic progress.

Long-term exposure to arsenic, particularly from contaminated water and food, can lead to serious health issues such as skin lesions and various forms of cancer, including skin, bladder, kidney, and lung cancers. Arsenic is classified as a Group 1 carcinogen by the International Agency for Research on Cancer (IARC), which means there is sufficient evidence to link it to cancer in humans. Additionally, it can cause non-carcinogenic effects, such as changes in skin pigmentation and the development of hard patches on palms and soles. This highlights the significant public health threat posed by arsenic contamination.

A higher Real Effective Exchange Rate (REER) indicates that the currency is overvalued. This situation can negatively impact export competitiveness because Indian goods become more expensive for foreign buyers, leading to a potential decrease in exports. Conversely, overvaluation can make imports cheaper, which could lead to a trade imbalance. Monitoring the REER is crucial for maintaining a balanced trade environment, as fluctuations can significantly influence economic performance. Understanding REER is essential for policymakers to make informed decisions regarding trade and currency valuation.

Sea otters are crucial for the health of coastal ecosystems primarily because they control the population of invasive species such as green crabs. By consuming a significant number of these crabs annually, sea otters help maintain the balance within their marine environment. This predation is vital as invasive species can harm native species and disrupt ecosystem dynamics. Interestingly, the presence of sea otters has been linked to the recovery of kelp forests, which are essential habitats for many marine organisms.

The Pradhan Mantri Rashtriya Bal Puraskar is designed to recognize and honor exceptional achievements by children in India across various fields such as bravery, art, culture, environment, innovation, science, technology, social service, and sports. This award serves not only to celebrate the talents of young individuals but also to inspire other children by showcasing positive role models in society. An interesting fact is that the award ceremony is held annually, and it also coincides with 'Veer Bal Diwas,' honoring the legacy of the sons of Guru Gobind Singh, which further emphasizes the cultural significance of the event.

The PM CARES Fund was established with the primary aim of managing public health emergencies and enhancing healthcare infrastructure. It serves to provide relief and support during crises, such as the COVID-19 pandemic. This fund not only facilitates immediate assistance but also focuses on long-term improvements in healthcare capabilities, which are crucial during such emergencies.

The United Nations General Assembly adopted a legally binding treaty aimed at combating cybercrime, marking a significant achievement after five years of negotiations. This treaty is the first international criminal justice agreement established in over two decades and aims to enhance cooperation among member states while protecting human rights in cyberspace. It addresses a variety of cybercrimes and emphasizes the need for international collaboration, which is increasingly vital in our interconnected digital world.