Daily Current Affairs MCQs: 15th January 2025 - Bank Exams MCQ

The estimated economic loss in India due to natural disasters in 2023 was $12 billion, which surpassed the previous decade's annual average of $8 billion. This significant increase is attributed to the rising frequency and intensity of extreme weather events. Understanding these figures highlights the growing economic impact of climate-related disasters, emphasizing the need for better disaster preparedness and resilience strategies in vulnerable regions.

Gujarat is identified as particularly vulnerable to natural disasters, especially floods and cyclones, due to its significant industrial output and geographical location. The state's economy is susceptible to disruptions caused by extreme weather events, making disaster resilience and preparedness essential for protecting both lives and economic stability.

Approximately 90% of households and businesses in India are inadequately insured against losses from natural disasters. This substantial protection gap highlights the critical need for improved insurance coverage and disaster preparedness initiatives. With most of the population lacking adequate insurance, they remain highly vulnerable to the financial impacts of natural catastrophes.

Cyclone Biparjoy, a Category 3 cyclone, impacted Kutch, Gujarat, in June 2023, causing extensive damage and leading to the shutdown of major ports. Such events not only disrupt local economies but also have broader implications for supply chains and trade, underscoring the importance of disaster management and preparedness in coastal regions.

Floods have accounted for an average of 63% of India's annual economic losses over the past two decades, particularly during the Summer and Northeast Monsoons. This statistic highlights the critical need for effective flood management and resilience planning, especially in areas that are prone to heavy rainfall and flooding. The economic implications of such disasters emphasize the urgency of developing infrastructure and response strategies to mitigate their impacts.

Tropical Cyclone Biparjoy, classified as a Category 3 cyclone, significantly impacted the Kutch region of Gujarat by causing extensive damage and forcing the shutdown of major ports. This indicates the cyclone's strength and the vulnerability of coastal infrastructure to severe weather events. Cyclones can lead to economic disruptions not only due to physical damage but also through the interruption of trade and transportation, showcasing the importance of disaster preparedness in vulnerable areas.

The H-1B visa program plays a vital role in enhancing India-U.S. relations by allowing skilled Indian professionals to fill gaps in the U.S. labor market, particularly in the technology sector. This not only supports American innovation but also strengthens economic ties between the two nations. An interesting fact is that the H-1B visa has been a topic of much debate, reflecting broader discussions about immigration policies and labor market needs in the U.S., showcasing the interconnectedness of global economies.

The Sada region is experiencing a transformation characterized by the conversion of croplands into orchards and residential areas. This shift indicates a significant change in land-use patterns that affects local ecosystems and agricultural practices. Understanding these changes is crucial for assessing their ecological impact, especially in regions where biodiversity is already under pressure. Interestingly, the Sada region's unique geological features and endemic flora make it an area of significant ecological interest, particularly during the monsoon season when the landscape undergoes a dramatic transformation.

The Sada region is home to a total of 459 plant species. This impressive biodiversity highlights the ecological richness of the area, making it significant for conservation efforts. Interestingly, out of these, 105 species are endemic to the Konkan region, meaning they are not found anywhere else in the world, which adds to the uniqueness of the Sada region's flora.

The Sada region hosts 13 species of amphibians. Amphibians often serve as indicators of environmental health, as they are sensitive to changes in their ecosystems. Their presence can reflect the overall biodiversity and quality of the habitats in the Sada region.