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All questions of October 2023 for CLAT Exam

What is the current unemployment rate in India as per the CMIE's survey for September 2023?
  • a)
    5.5%
  • b)
    7.1%
  • c)
    8.1%
  • d)
    10.0%
Correct answer is option 'B'. Can you explain this answer?

Kiran Reddy answered
According to the Consumer Pyramids Household Survey by the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India for September 2023 is 7.1%, marking a significant decrease from the previous month.
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What was inaugurated by Union Minister Mansukh Mandaviya on World Mental Health Day, October 10, 2023?
  • a)
    New medical facilities in Delhi
  • b)
    Tele-MANAS logo
  • c)
    Educational institutions in Bengaluru
  • d)
    Cultural festival in Rajasthan
Correct answer is option 'B'. Can you explain this answer?

Shivam Menon answered
Tele-MANAS Logo Inaugurated on World Mental Health Day
In a significant development on World Mental Health Day, Union Minister Mansukh Mandaviya inaugurated the Tele-MANAS logo. This initiative aims to provide mental health services to individuals through telemedicine, thereby increasing accessibility and convenience for those in need of support.

Tele-MANAS Initiative
The Tele-MANAS initiative focuses on addressing mental health issues by offering virtual consultations, therapy sessions, and support services to individuals. By leveraging telemedicine technology, this program aims to bridge the gap in mental health services and reach a larger population across different regions.

Importance of Tele-MANAS
Tele-MANAS plays a crucial role in promoting mental well-being and offering timely intervention to those struggling with mental health concerns. By providing remote access to mental health professionals, individuals can seek support and guidance without the constraints of physical distance or availability of local services.

Significance of the Inauguration
The inauguration of the Tele-MANAS logo signifies a commitment to prioritizing mental health and fostering innovative solutions to address mental health challenges. By launching this initiative on World Mental Health Day, the government highlights the importance of mental well-being and the need for accessible mental health services for all individuals.

Conclusion
The inauguration of the Tele-MANAS logo by Union Minister Mansukh Mandaviya on World Mental Health Day underscores the government's dedication to promoting mental health awareness and providing support to those in need. This initiative is a step towards ensuring that mental health services are readily available to individuals, regardless of their location or circumstances.

How much is the Productivity Linked Bonus (PLB) approved for railway employees for the financial year 2022-2023 by the Union Cabinet?
  • a)
    50 days’ worth of wages
  • b)
    60 days’ worth of wages
  • c)
    70 days’ worth of wages
  • d)
    78 days’ worth of wages
Correct answer is option 'D'. Can you explain this answer?

Saumya Roy answered
Productivity Linked Bonus (PLB) approved for railway employees for the financial year 2022-2023

The Union Cabinet has approved the payment of Productivity Linked Bonus (PLB) to railway employees for the financial year 2022-2023. The PLB is a performance-based incentive given to the employees of the Indian Railways to motivate them and improve their productivity.

Amount of PLB:
The approved amount of PLB for railway employees for the financial year 2022-2023 is 78 days' worth of wages. This means that eligible railway employees will receive a bonus equivalent to 78 days' salary.

Significance of PLB:
The PLB scheme for railway employees was introduced to provide them with additional financial support and to recognize their contribution towards improving the performance and productivity of the Indian Railways. The bonus is calculated based on the productivity and performance of the employees, which encourages them to work efficiently and achieve better results.

Calculation of PLB:
The PLB amount is calculated based on the average salary of the employee and the number of days for which the employee has rendered service during the specified period. The formula for calculating PLB is as follows:

PLB = (Average Salary / 30.4) * Number of days of eligible service

Here, the average salary is divided by 30.4 to calculate the daily wage rate. The number of days of eligible service is the number of days for which the employee has worked during the financial year.

Impact on railway employees:
The approval of 78 days' worth of PLB for railway employees will have a positive impact on their financial well-being. It will provide them with an additional source of income and help in meeting their various expenses. The bonus amount will be disbursed to the employees in a timely manner, providing them with much-needed financial support.

Conclusion:
The approval of 78 days' worth of PLB for railway employees for the financial year 2022-2023 by the Union Cabinet is a welcome move. It recognizes the hard work and dedication of the employees and provides them with a well-deserved bonus. This decision will not only boost the morale of the railway employees but also contribute to the overall productivity and performance of the Indian Railways.

Between which two countries was a Memorandum of Understanding (MoU) approved by the Cabinet for cooperation in Digital Technologies?
  • a)
    India and the USA
  • b)
    India and France
  • c)
    India and China
  • d)
    India and Russia
Correct answer is option 'B'. Can you explain this answer?

Memorandum of Understanding (MoU) for cooperation in Digital Technologies between India and France

In recent years, India has been actively seeking collaborations and partnerships with various countries to enhance its digital capabilities. One such collaboration is the Memorandum of Understanding (MoU) approved by the Cabinet for cooperation in Digital Technologies between India and France.

Objective of the MoU
The MoU aims to strengthen the bilateral relationship between India and France in the field of digital technologies. It focuses on fostering cooperation in areas such as digital infrastructure, cybersecurity, artificial intelligence, and data protection. The objective is to promote the exchange of knowledge, expertise, and best practices between the two countries to accelerate digital transformation.

Key areas of cooperation
1. Digital Infrastructure: The MoU emphasizes the importance of developing robust digital infrastructure to support the digital economy. It aims to promote collaboration in areas such as broadband connectivity, internet of things (IoT), and e-governance.

2. Cybersecurity: With the increasing threat of cyber attacks, both India and France recognize the importance of cybersecurity. The MoU seeks to enhance cooperation in areas such as information sharing, capacity building, and joint research and development to combat cyber threats.

3. Artificial Intelligence (AI): AI has emerged as a transformative technology with applications in various sectors. The MoU aims to promote collaboration in AI research, development, and deployment. It also emphasizes the need to ensure ethical and responsible AI practices.

4. Data Protection: With the increasing digitalization of personal data, data protection has become a critical concern. The MoU emphasizes the importance of privacy and data protection laws. It aims to facilitate the exchange of best practices and expertise in this area.

Benefits of the MoU
- Knowledge sharing: The MoU provides a platform for India and France to exchange knowledge, expertise, and best practices in digital technologies. This will help both countries to learn from each other's experiences and enhance their respective digital capabilities.

- Innovation and research: Collaboration in areas such as AI and cybersecurity will spur innovation and research activities. Joint projects and research initiatives will lead to the development of cutting-edge technologies and solutions.

- Economic growth: The MoU will contribute to economic growth by promoting digital transformation and enhancing the competitiveness of both India and France. It will create opportunities for collaboration between Indian and French companies, leading to job creation and increased trade in the digital sector.

In conclusion, the MoU approved by the Cabinet for cooperation in Digital Technologies between India and France is a significant step towards strengthening the bilateral relationship and enhancing digital capabilities. It focuses on key areas such as digital infrastructure, cybersecurity, AI, and data protection. The collaboration between the two countries will drive innovation, economic growth, and ensure a secure and inclusive digital future.

What is the IEA's stance on new fossil fuel projects, as highlighted in the World Energy Outlook 2023?
  • a)
    Encouragement for new fossil fuel projects
  • b)
    Immediate halt to all new fossil fuel projects
  • c)
    A gradual reduction in fossil fuel projects
  • d)
    Promotion of unconventional fossil fuel projects
Correct answer is option 'B'. Can you explain this answer?

Iq Funda answered
As per the World Energy Outlook 2023, the IEA reiterates its stance that all new fossil fuel projects should be immediately halted to achieve net-zero emissions by 2050. This underscores the urgency of transitioning to cleaner energy sources to combat climate change.

What is the aim of the Aspirational Blocks Programme (ABP)?
  • a)
    To improve governance at the district level.
  • b)
    To provide financial assistance to aspiring entrepreneurs.
  • c)
    To enhance the quality of life for citizens in aspirational blocks.
  • d)
    To promote digital literacy in rural areas.
Correct answer is option 'C'. Can you explain this answer?

Anjali Basak answered
The aim of the Aspirational Blocks Programme (ABP) is to enhance the quality of life for citizens in aspirational blocks. The program focuses on addressing the developmental gaps and challenges faced by these blocks, which are identified as socio-economically backward areas in India. By implementing various initiatives and interventions, the ABP aims to uplift the standard of living and well-being of the people residing in these blocks.

Key initiatives under the ABP:

1. Infrastructure development: The ABP aims to improve the infrastructure in aspirational blocks by providing better road connectivity, electricity, water supply, sanitation facilities, and other basic amenities. This is essential for enhancing the overall quality of life and promoting socio-economic development in these areas.

2. Skill development and employment generation: The program focuses on providing skill development training to the youth in aspirational blocks, equipping them with the necessary skills to find employment opportunities. This helps in reducing unemployment and poverty levels in these areas, thereby improving the living conditions of the residents.

3. Health and nutrition: The ABP emphasizes the importance of healthcare and nutrition in aspirational blocks. It aims to strengthen the healthcare infrastructure, provide better access to healthcare services, and promote awareness about nutrition and hygiene. This helps in improving the overall health and well-being of the people living in these blocks.

4. Education and digital literacy: The program recognizes the significance of education and digital literacy in empowering individuals and communities. It focuses on improving the quality of education in aspirational blocks, providing access to digital resources and technology, and promoting digital literacy among the residents. This helps in bridging the digital divide and promoting inclusive growth.

5. Financial inclusion: The ABP aims to promote financial inclusion in aspirational blocks by ensuring access to banking and financial services. It focuses on increasing financial literacy and providing financial assistance to aspiring entrepreneurs and individuals in need. This helps in promoting entrepreneurship, economic development, and poverty alleviation in these areas.

Overall, the Aspirational Blocks Programme (ABP) seeks to bring about a positive transformation in the socio-economic landscape of aspirational blocks, with the aim of enhancing the quality of life for the citizens residing in these areas. The program focuses on addressing the key development challenges and gaps in these blocks by implementing various initiatives across different sectors.

In the context of the Agriculture & Livestock Empowerment Program (A-HELP), what is the primary aim of empowering women as Accredited Agents?
  • a)
    Promoting women's participation in politics
  • b)
    Enhancing women's role in technology sectors
  • c)
    Enabling women's contribution to healthcare and livestock production
  • d)
    Encouraging women's involvement in the hospitality industry
Correct answer is option 'C'. Can you explain this answer?

Pranav Mehta answered
In the context of agriculture, sustainability refers to the ability to meet present-day needs in terms of food production and natural resource management without compromising the ability of future generations to meet their own needs. It involves finding ways to maximize productivity while minimizing negative environmental impacts, conserving resources, and promoting social and economic well-being.

Sustainable agriculture practices aim to optimize the use of resources such as water, soil, and energy, while minimizing pollution, erosion, and other negative impacts on the environment. This can involve using organic or regenerative farming methods, practicing crop rotation, minimizing pesticide and fertilizer use, and implementing efficient irrigation systems.

Sustainable agriculture also emphasizes the importance of social and economic equity. It involves ensuring fair wages and working conditions for farmers and farm workers, supporting local communities and economies, and promoting food security and access for all.

Overall, the goal of sustainable agriculture is to create a system that can endure and thrive in the long term, balancing the needs of the environment, society, and the economy.

What is the primary focus of the Bharatiya Bhasha Utsav recently launched by Union Minister Dharmendra Pradhan?
  • a)
    Promoting Indian cuisine and culinary traditions.
  • b)
    Celebrating Indian languages and technology.
  • c)
    Advocating for gender equality in education.
  • d)
    Showcasing traditional Indian clothing and fashion.
Correct answer is option 'B'. Can you explain this answer?

Rutuja Das answered
The primary focus of the Bharatiya Bhasha Utsav recently launched by Union Minister Dharmendra Pradhan is to celebrate Indian languages and technology. This initiative aims to promote and preserve the cultural and linguistic diversity of India while also leveraging technology for the development and growth of Indian languages.

Background
India is a linguistically diverse country with over 1,600 languages spoken across its various regions. However, with the advent of globalization and the dominance of English, many Indian languages are facing the risk of extinction. The Bharatiya Bhasha Utsav recognizes the importance of preserving and promoting these languages.

Celebrating Indian Languages
The Bharatiya Bhasha Utsav celebrates the rich linguistic heritage of India by organizing various events, competitions, workshops, and seminars that focus on different Indian languages. It provides a platform for people to showcase their linguistic skills, creativity, and knowledge in their respective mother tongues.

Technology and Language
The Utsav also emphasizes the role of technology in the development and propagation of Indian languages. It recognizes that technology can be a powerful tool for language preservation, documentation, and dissemination. Through the use of digital platforms, mobile applications, language-learning tools, and online resources, the Utsav aims to promote the use of Indian languages in the digital sphere.

Language Learning and Skill Development
One of the key objectives of the Bharatiya Bhasha Utsav is to encourage language learning and skill development in Indian languages. It aims to create awareness about the importance of multilingualism and provide opportunities for individuals to enhance their language proficiency. This can contribute to better communication, cultural understanding, and economic empowerment.

Preservation of Cultural Identity
By celebrating Indian languages, the Utsav seeks to preserve the cultural identity of different linguistic communities. Language is an integral part of a community's heritage and plays a crucial role in shaping its traditions, literature, art, and social practices. The Utsav aims to create a sense of pride and belonging among speakers of Indian languages and ensure their preservation for future generations.

Conclusion
The Bharatiya Bhasha Utsav launched by Union Minister Dharmendra Pradhan primarily focuses on celebrating Indian languages and technology. By promoting linguistic diversity, leveraging technology, and encouraging language learning, this initiative aims to preserve and promote the rich cultural heritage of India.

What is the main objective of the Women’s Reservation Bill 2023 recently approved by President Droupadi Murmu?
  • a)
    To provide 33% reservation for women in the Lok Sabha only.
  • b)
    To ensure 33% reservation for women in the State Legislative assemblies and National Capital Territory (NCT) of Delhi.
  • c)
    To grant equal rights to women in all aspects of governance.
  • d)
    To reserve 50% of all parliamentary seats for women.
Correct answer is option 'B'. Can you explain this answer?

Anjana Singh answered
The main objective of the Women’s Reservation Bill 2023 is to mandate a 33% reservation for women in the State Legislative assemblies and National Capital Territory (NCT) of Delhi, in addition to the Lok Sabha. This historic decision aims to increase women's representation in the political sphere and promote gender equality. The bill will take effect after the completion of the delimitation process in 2026.

Which Indian organization has been re-elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) General Conference for its third consecutive term?
  • a)
    National Institute of Oceanography of India
  • b)
    Indian Council for Cultural Relations (ICCR)
  • c)
    Prasar Bharati
  • d)
    Central Drug Control Organization of India (CDSCO)
Correct answer is option 'C'. Can you explain this answer?

Prasar Bharati, India's public service broadcaster, has been re-elected as the President of the Asia-Pacific Institute for Broadcasting Development (AIBD) General Conference for its third consecutive term. This reaffirms India's commitment to promoting excellence in broadcasting and media development in the Asia-Pacific region.

What is the allocation amount for the Nutrient-Based Subsidy (NBS) rates for the Rabi Season 2023-24, as approved by the Union Cabinet on October 25, 2023?
  • a)
    Rs 22,303 crore
  • b)
    Rs 10,000 crore
  • c)
    Rs 5,000 crore
  • d)
    Rs 15,000 crore
Correct answer is option 'A'. Can you explain this answer?

Aim It Academy answered
The Union Cabinet approved the Nutrient-Based Subsidy (NBS) rates for the Rabi Season 2023-24 with an allocation of Rs 22,303 crore. This decision was influenced by the decreasing international prices of Phosphatic and Potassic (P&K) fertilizers, aiming to support farmers and agricultural productivity.

Which organization was approved by the Cabinet to assist in digital transformation in India, Papua New Guinea, and Trinidad and Tobago?
  • a)
    Digital India
  • b)
    Digital Transformation India
  • c)
    My Digital World
  • d)
    Digital Transformation MoU
Correct answer is option 'D'. Can you explain this answer?

The Cabinet approved an MoU between India and Papua New Guinea, Trinidad and Tobago for Digital Transformation. This agreement is set to enhance digital initiatives in these regions, making it a pivotal step in their digital transformation.

Which organization recently launched the 'SUGAM REC' mobile app for 54EC Bonds investors?
  • a)
    Reserve Bank of India (RBI)
  • b)
    State Bank of India (SBI)
  • c)
    Indian Council for Cultural Relations (ICCR)
  • d)
    REC Limited
Correct answer is option 'D'. Can you explain this answer?

Kiran Reddy answered
The 'SUGAM REC' mobile app for 54EC Bonds investors was launched by REC Limited (formerly Rural Electrification Corporation Limited). REC Limited is a Non-Banking Financial Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC) based in New Delhi, Delhi.

What is the main objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)?
  • a)
    To provide free healthcare to all Indian citizens.
  • b)
    To achieve significant success in the healthcare sector.
  • c)
    To improve governance at the block level.
  • d)
    To provide financial protection to vulnerable families against high healthcare costs.
Correct answer is option 'D'. Can you explain this answer?

Harsh Gupta answered
Main Objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)

The main objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is to provide financial protection to vulnerable families against high healthcare costs.

Explanation:
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is a flagship health insurance scheme launched by the Government of India. It aims to provide health coverage to the economically weaker sections of the society who are unable to afford quality healthcare services.

Key Points:

1. Financial Protection: The primary objective of AB PM-JAY is to provide financial protection to vulnerable families. It aims to protect them from the financial burden caused by high healthcare costs, especially for serious illnesses and hospitalizations.

2. Beneficiary Coverage: The scheme provides health coverage to over 10 crore vulnerable families or approximately 50 crore beneficiaries across India. The beneficiaries are identified through the Socio-Economic Caste Census (SECC) data.

3. Coverage of Medical Expenses: AB PM-JAY covers a wide range of medical expenses, including hospitalization, surgeries, diagnostics, medicines, and follow-up care. The coverage extends to both pre-existing conditions and new illnesses or injuries.

4. Cashless Treatment: The scheme provides cashless treatment to the beneficiaries at empaneled public and private hospitals. This eliminates the need for the beneficiaries to pay out-of-pocket expenses and ensures that they receive the required medical care without financial constraints.

5. Portability: AB PM-JAY is a portable scheme, which means that beneficiaries can avail of the benefits across the country. They are not restricted to accessing healthcare services only in their home states.

6. Quality Healthcare: The scheme aims to improve the quality of healthcare services by empaneling hospitals and healthcare providers based on predefined quality standards. This ensures that the beneficiaries receive quality treatment and care.

7. Preventive Healthcare: AB PM-JAY also focuses on promoting preventive healthcare and wellness among the beneficiaries. It encourages regular health check-ups, immunizations, and awareness about healthy lifestyle practices.

Conclusion:
The main objective of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is to provide financial protection to vulnerable families against high healthcare costs. By providing cashless treatment and covering a wide range of medical expenses, the scheme aims to ensure that all eligible beneficiaries have access to quality healthcare services without facing financial hardships.

Which Russian bank recently registered with the Securities and Exchange Board of India (SEBI) as a foreign portfolio investor (FPI)?
  • a)
    VTB Bank
  • b)
    Sberbank
  • c)
    Gazprombank
  • d)
    Alfa-Bank
Correct answer is option 'B'. Can you explain this answer?

Anjali Basak answered
Recent Registration of Russian Bank with SEBI

Sberbank
Sberbank, the largest bank in Russia, recently registered with the Securities and Exchange Board of India (SEBI) as a foreign portfolio investor (FPI). This registration allows Sberbank to invest in the Indian securities market.

Significance of Registration
This registration enables Sberbank to diversify its investment portfolio and gain access to the Indian market. It also signifies the growing interest of Russian financial institutions in the Indian economy.

SEBI Regulations for FPIs
SEBI has specific regulations in place for foreign portfolio investors, including compliance requirements, reporting obligations, and investment limits. Sberbank will need to adhere to these regulations to operate in the Indian market.

Impact on Indian Market
Sberbank's registration as an FPI can bring in foreign investment, boost liquidity in the market, and enhance bilateral economic ties between Russia and India. It also reflects the confidence of international investors in the Indian market.
In conclusion, Sberbank's registration with SEBI as an FPI is a significant development that opens up opportunities for the bank to invest in India and contribute to the growth of the financial sector in both countries.

What is the full form of "RRTS" in the context of India's transportation infrastructure?
  • a)
    Regional Rapid Transit System
  • b)
    Rapid Rail Transportation Service
  • c)
    Rural Rail Transit System
  • d)
    Rapid Regional Transportation System
Correct answer is option 'A'. Can you explain this answer?

Iq Funda answered
The full form of "RRTS" in the context of India's transportation infrastructure is "Regional Rapid Transit System." This system aims to provide efficient and high-speed commuter transit connecting various regions.

What recommendation from the 52nd GST Council Meeting led to the modification of GST regulations?
  • a)
    Alterations in income tax rates
  • b)
    Enhanced customs duties
  • c)
    Revisions in corporate taxation
  • d)
    Amendments to Central Goods and Services Tax (CGST) Rules
Correct answer is option 'D'. Can you explain this answer?

Aim It Academy answered
The modification in GST regulations was recommended during the 52nd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman. This meeting empowered the government to make amendments to the Central Goods and Services Tax (CGST) Rules, which are now known as the "CGST (fourth amendment) Rules, 2023."

What is the current policy repo rate set by the Reserve Bank of India (RBI)?
  • a)
    5.00%
  • b)
    6.00%
  • c)
    6.25%
  • d)
    6.50%
Correct answer is option 'D'. Can you explain this answer?

The current policy repo rate set by the Reserve Bank of India (RBI) is 6.50%.

The policy repo rate is the rate at which the central bank lends money to commercial banks for a short term, typically overnight. It is an important tool used by the central bank to control inflation and stimulate economic growth. The repo rate serves as a benchmark for interest rates in the economy.

Importance of the policy repo rate:

- The policy repo rate is a key tool used by the RBI to manage inflation. By increasing the repo rate, the RBI aims to reduce liquidity in the market and make borrowing more expensive. This helps in controlling inflationary pressures in the economy.
- On the other hand, if the RBI wants to stimulate economic growth, it can reduce the repo rate. This lowers the cost of borrowing for banks, encouraging them to lend more to businesses and individuals. This increased liquidity in the market can boost investment and consumption, leading to economic growth.

Factors influencing the policy repo rate:

- Inflation: One of the main factors considered by the RBI when deciding the repo rate is the inflation rate. If inflation is high or expected to rise, the RBI may increase the repo rate to curb inflationary pressures.
- Economic Growth: The RBI also takes into account the state of the economy when determining the repo rate. If the economy is experiencing a slowdown, the RBI may lower the repo rate to stimulate growth.
- Global Factors: External factors such as global economic conditions, oil prices, and exchange rates also influence the repo rate. Changes in these factors can have an impact on inflation and growth prospects in India.

Impact of the repo rate on the economy:

- Borrowing Costs: Changes in the repo rate directly affect the interest rates charged by commercial banks on loans and deposits. When the repo rate is increased, banks may raise their lending rates, making borrowing more expensive for businesses and consumers.
- Investment and Consumption: Lower repo rates encourage borrowing and investment, as the cost of borrowing decreases. This can lead to increased business investment, job creation, and consumer spending, thereby stimulating economic growth.
- Exchange Rates: Changes in the repo rate can also impact exchange rates. Higher repo rates can attract foreign investors looking for higher returns, leading to an appreciation in the currency. Conversely, lower repo rates may lead to a depreciation in the currency as foreign investors seek higher returns elsewhere.

Overall, the current policy repo rate set by the RBI at 6.50% reflects the central bank's assessment of the prevailing economic conditions and its objective of maintaining price stability while supporting economic growth.

Who won the women's singles title in the Abu Dhabi Masters 2023 badminton tournament?
  • a)
    Ashwini Ponappa
  • b)
    Tanisha Crasto
  • c)
    Unnati Hooda
  • d)
    N Sikki Reddy
Correct answer is option 'C'. Can you explain this answer?

Iq Funda answered
Unnati Hooda emerged victorious in the women's singles title at the Abu Dhabi Masters 2023 badminton tournament. This was a significant win for India in the world of badminton.

What significant partnership aims to promote linguistic inclusivity in the financial services sector?
  • a)
    RBI and Digital India Bhashini Division
  • b)
    NITI Aayog and Ministry of Finance
  • c)
    SEBI and National Stock Exchange (NSE)
  • d)
    World Bank and IMF
Correct answer is option 'A'. Can you explain this answer?

Sparsh Mehta answered
Significant Partnership Promoting Linguistic Inclusivity in the Financial Services Sector: RBI and Digital India Bhashini Division

The significant partnership that aims to promote linguistic inclusivity in the financial services sector is between the Reserve Bank of India (RBI) and Digital India Bhashini Division. This collaboration is an important step towards ensuring that financial services are accessible to individuals from diverse linguistic backgrounds, thus promoting inclusivity and financial literacy.

Reserve Bank of India (RBI)
- The RBI is the central bank of India and plays a crucial role in the country's financial system.
- It regulates and supervises various financial institutions and ensures the stability and integrity of the banking system.

Digital India Bhashini Division
- The Digital India Bhashini Division is a part of the Digital India initiative launched by the Government of India.
- It focuses on promoting digital literacy and ensuring that digital services are available in multiple Indian languages.

Objective of the Partnership
The objective of the partnership between RBI and Digital India Bhashini Division is to address the language barrier that many individuals face when accessing financial services. By providing financial information and services in multiple Indian languages, this partnership aims to make banking and financial services more inclusive and accessible to individuals who are not proficient in English or Hindi.

Promoting Financial Literacy
- One of the key goals of this partnership is to promote financial literacy among individuals who may be more comfortable interacting in their native language.
- By providing financial information, educational material, and services in multiple languages, the partnership aims to empower individuals with the necessary knowledge to make informed financial decisions.

Enhancing Access to Financial Services
- The collaboration between RBI and Digital India Bhashini Division also aims to enhance access to financial services for individuals who do not speak English or Hindi fluently.
- By providing banking services, such as account opening, loan applications, and customer support, in multiple Indian languages, the partnership aims to remove language barriers and make financial services more accessible to a wider population.

Impact and Benefits
- The partnership between RBI and Digital India Bhashini Division has the potential to significantly improve financial inclusion in India.
- By addressing the language barrier, individuals from diverse linguistic backgrounds will be able to access and utilize financial services more effectively, leading to increased financial literacy and empowerment.
- This initiative will also contribute to the overall digital transformation of the financial services sector in India by making digital services available in multiple languages.

In conclusion, the partnership between RBI and Digital India Bhashini Division is a significant step towards promoting linguistic inclusivity in the financial services sector. By providing financial information and services in multiple Indian languages, this collaboration aims to enhance financial literacy, improve access to financial services, and foster greater financial inclusion in India.

India recently signed two Memorandums of Understanding (MoUs) with which country to strengthen cooperation in ocean sciences and medical product regulation?
  • a)
    Sri Lanka
  • b)
    Dominican Republic
  • c)
    Bangladesh
  • d)
    Malaysia
Correct answer is option 'B'. Can you explain this answer?

Anjana Singh answered
India recently signed two MoUs with the Dominican Republic. One MoU focuses on cooperation in ocean sciences, particularly addressing the issue of sargassum seaweed proliferation. The other MoU aims to enhance collaboration in medical product regulation, benefiting both nations' healthcare sectors.

What international event is dedicated to promoting the importance of eggs in nutrition and agriculture?
  • a)
    World Health Day
  • b)
    World Food Day
  • c)
    World Egg Day
  • d)
    World Nutrition Day
Correct answer is option 'C'. Can you explain this answer?

Aspire Academy answered


World Egg Day


  • What is World Egg Day: World Egg Day is an international event dedicated to promoting the importance of eggs in nutrition and agriculture.

  • When is World Egg Day celebrated: It is celebrated annually on the second Friday in October.

  • Purpose of World Egg Day: The main goal of World Egg Day is to raise awareness about the nutritional benefits of eggs and their role in feeding people around the world.

  • Activities on World Egg Day: Various activities are organized on this day, such as egg cooking competitions, educational programs about egg nutrition, and campaigns to highlight the importance of eggs in a balanced diet.

  • Significance of World Egg Day: By promoting the consumption of eggs, World Egg Day aims to improve nutrition and food security worldwide.



What key focus area does the India-Bangladesh Joint Military Exercise SAMPRITI-XI 2023 emphasize during its 11th edition?
  • a)
    Aerial combat maneuvers
  • b)
    Counter-terrorism operations
  • c)
    Underwater warfare tactics
  • d)
    Inter-State border security
Correct answer is option 'B'. Can you explain this answer?

The India-Bangladesh Joint Military Exercise SAMPRITI-XI 2023 focuses on strengthening defense cooperation through counter-terrorism operations. It includes tactical drills for hostage rescue, crowd control measures, and the use of helicopters, enhancing both nations' preparedness for such scenarios.

What major project did Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurate on October 4, 2023?
  • a)
    India's largest wind energy project
  • b)
    India's largest solar power project
  • c)
    India's largest pumped storage project
  • d)
    India's largest hydroelectric project
Correct answer is option 'C'. Can you explain this answer?

Kiran Reddy answered
Madhya Pradesh Chief Minister Shivraj Singh Chouhan inaugurated India's largest pumped storage project in the Khemla block of Neemuch district on October 4, 2023. This project aims to integrate more than 7000 MW of renewable capacity. Pumped storage projects are crucial for storing excess energy and ensuring a stable power supply.

Who was appointed as the Vice Chairman (VC) of Mirae Asset Investment Managers (India) Private Limited and became the first non-Korean individual to hold this position?
  • a)
    Swarup Anand Mohanty
  • b)
    Amit Shah
  • c)
    Naga Bharath Daka
  • d)
    Pawan Kumar Chandana
Correct answer is option 'A'. Can you explain this answer?

Appointment of Vice Chairman of Mirae Asset Investment Managers (India) Private Limited

Swarup Anand Mohanty has been appointed as the Vice Chairman (VC) of Mirae Asset Investment Managers (India) Private Limited. He is the first non-Korean individual to hold this position. Let's understand the details of this appointment.

About Mirae Asset Investment Managers (India) Private Limited
- Mirae Asset Investment Managers (India) Private Limited is a subsidiary of Mirae Asset Financial Group, a leading global asset management firm based in South Korea.
- The company offers a wide range of investment products and services that cater to the needs of individual and institutional investors.
- It operates in various asset classes, including equity, fixed income, and alternative investments.

Appointment of Swarup Anand Mohanty
- Swarup Anand Mohanty has extensive experience in the financial services industry, with a career spanning over three decades.
- Prior to his appointment as the Vice Chairman of Mirae Asset Investment Managers (India) Private Limited, he served as the CEO of the company.
- During his tenure as CEO, Mohanty played a crucial role in the growth and development of the organization, helping it become one of the leading asset management companies in India.
- His appointment as the Vice Chairman reflects the recognition of his leadership skills and his contributions to the company's success.

Significance of the Appointment
- Swarup Anand Mohanty being the first non-Korean individual to hold the position of Vice Chairman is a significant milestone for Mirae Asset Investment Managers (India) Private Limited.
- This appointment highlights the company's commitment to diversity and inclusion, as it recognizes the talent and expertise of individuals from diverse backgrounds.
- Mohanty's appointment also reflects the growing importance of India as a key market for Mirae Asset Financial Group and its commitment to further strengthen its presence in the country.
- As the Vice Chairman, Mohanty will continue to contribute to the strategic growth and development of the company, leveraging his deep industry knowledge and expertise.

In conclusion, Swarup Anand Mohanty's appointment as the Vice Chairman of Mirae Asset Investment Managers (India) Private Limited is a significant step towards fostering diversity and recognizing talent from diverse backgrounds. His extensive experience and leadership skills will further contribute to the growth and success of the company.

In the context of the GST notification, what is the applicable GST rate for corporate guarantees provided by corporations to their subsidiaries?
  • a)
    6%
  • b)
    12%
  • c)
    18%
  • d)
    24%
Correct answer is option 'C'. Can you explain this answer?

Nitin Mehra answered
Applicable GST Rate for Corporate Guarantees:
Corporate guarantees provided by corporations to their subsidiaries fall under the category of services. As per the GST notification, the applicable GST rate for corporate guarantees is 18%.

Explanation:
- Corporate guarantees are considered as supply of services under the Goods and Services Tax (GST) regime.
- The GST rate applicable to services is 18% as per the GST notification.
- Therefore, any corporate guarantees provided by corporations to their subsidiaries will attract an 18% GST rate.

Conclusion:
In conclusion, the applicable GST rate for corporate guarantees provided by corporations to their subsidiaries is 18%. It is important for corporations to be aware of this rate while providing such guarantees to ensure compliance with GST regulations.

What is the purpose of the Ministry of Information and Broadcasting's recent amendment to the Cable Television Network (CTN) Rules of 1994?
  • a)
    To introduce a formal procedure for fresh registrations of Multi-System Operators (MSOs).
  • b)
    To reduce the duration of MSO registrations to five years.
  • c)
    To increase the processing fee for MSO registration renewals.
  • d)
    To streamline the process for cable television subscribers.
Correct answer is option 'A'. Can you explain this answer?

Rutuja Das answered
The recent amendment to the Cable Television Network (CTN) Rules of 1994 by the Ministry of Information and Broadcasting serves the purpose of introducing a formal procedure for fresh registrations of Multi-System Operators (MSOs). This amendment brings about significant changes in the process of MSO registrations, aiming to streamline the operation and ensure better governance in the cable television industry.

The key objective of this amendment is to establish a structured and transparent mechanism for the registration of MSOs. This will enable the government to have a clear record of all the MSOs operating in the country and ensure that they comply with the necessary regulations and guidelines. By introducing a formal procedure for fresh registrations, the Ministry intends to enhance accountability and facilitate better monitoring of the cable television industry.

Under the amended rules, MSOs are required to submit detailed information and documents for registration. This includes their company profile, ownership details, technical infrastructure, financial statements, and other relevant information. By mandating the submission of these documents, the Ministry aims to ensure that only genuine and qualified operators are granted registrations.

The introduction of a formal procedure for fresh registrations also allows for better scrutiny of applications. The Ministry can now thoroughly evaluate the eligibility of MSOs based on their compliance history, financial stability, technical capabilities, and other relevant factors. This will help in weeding out unscrupulous operators and ensuring a level-playing field for genuine players in the cable television industry.

Moreover, this amendment also sets a clear timeline for the processing of MSO registrations. The Ministry is required to process the applications within a specified period, ensuring that there is no undue delay in the registration process. This is a significant improvement over the previous system, where the processing time varied widely and often led to delays and uncertainty for the operators.

In summary, the recent amendment to the CTN Rules of 1994 by the Ministry of Information and Broadcasting serves the purpose of introducing a formal procedure for fresh registrations of MSOs. This amendment aims to enhance accountability, ensure better governance, and streamline the operation of the cable television industry. By establishing a transparent mechanism for registrations, the Ministry seeks to create a level-playing field and promote the growth of genuine and qualified operators in the sector.

What significant change was introduced in the Drone (Amendment) Rules 2023 to facilitate drone operations in India?
  • a)
    Mandatory requirement of a passport for drone pilots
  • b)
    Compulsory registration of all drones
  • c)
    Waiving the passport requirement for drone pilots
  • d)
    Banning all drone operations in India
Correct answer is option 'C'. Can you explain this answer?

Anirban Mehta answered
The significant change introduced in the Drone (Amendment) Rules 2023 to facilitate drone operations in India is the waiving of the passport requirement for drone pilots. Previously, under the Drone Rules 2021, drone pilots were required to possess a valid passport to operate drones in India. However, with the introduction of the Drone (Amendment) Rules 2023, this requirement has been removed.

The waiving of the passport requirement is a crucial step in promoting and facilitating drone operations in India. It eliminates a significant barrier for individuals who do not possess a passport but are interested in operating drones. This change opens up opportunities for a wider range of drone pilots, including those who may not have had the means or need for a passport previously.

This amendment is expected to boost the adoption of drones in various sectors such as agriculture, infrastructure, logistics, and delivery services. It will enable more individuals to participate in the drone ecosystem and contribute to the growth of the industry in India.

By removing the passport requirement, the government aims to make drone operations more accessible and inclusive. It acknowledges that the possession of a passport should not be a prerequisite for individuals to engage in drone activities. This change aligns with the government's vision of promoting ease of doing business and fostering innovation in the country.

In addition to the waiving of the passport requirement, the Drone (Amendment) Rules 2023 also introduce other changes to streamline drone operations. These include the introduction of a self-certification system for nano drones, the classification of drones based on weight and capabilities, and the simplification of the drone registration process. These changes collectively aim to create a conducive environment for the safe and efficient operation of drones in India.

In conclusion, the waiving of the passport requirement for drone pilots is a significant change introduced in the Drone (Amendment) Rules 2023. This change eliminates a barrier for individuals interested in operating drones and promotes inclusivity in the drone ecosystem. It is expected to facilitate the growth of the drone industry in India and encourage innovation in various sectors.

What organization signed a Memorandum of Understanding (MoU) during ISC 2023 to enhance cooperation in the space industry between India and France?
  • a)
    NASA
  • b)
    ISRO
  • c)
    GIFAS
  • d)
    UNOOSA
Correct answer is option 'C'. Can you explain this answer?

Aspire Academy answered
Enhancing Cooperation in Space Industry between India and France

  • Memorandum of Understanding (MoU) Signing: During ISC 2023, the organization that signed a Memorandum of Understanding (MoU) to enhance cooperation in the space industry between India and France was GIFAS.


  • Parties Involved: The MoU was signed between the Groupement des Industries Françaises Aéronautiques et Spatiales (GIFAS) from France and the Indian Space Research Organisation (ISRO).

  • Purpose: The main aim of this MoU is to strengthen collaboration and exchange of expertise in various aspects of the space industry, including technology development, research, and innovation.

  • Areas of Cooperation: The agreement covers areas such as satellite manufacturing, space exploration, satellite applications, and capacity building in the space sector.

  • Benefit: This partnership is expected to lead to mutual benefits for both countries, fostering advancements in space technology and facilitating joint projects in the future.

What is the significance of the recent discovery of "Badis Limaakumi," a new species of freshwater fish in Nagaland, India?
  • a)
    It is the smallest known freshwater fish in India.
  • b)
    It is a chameleon fish that can change color.
  • c)
    It is the first documented fish species in Nagaland.
  • d)
    It is a carnivorous fish with unique feeding habits.
Correct answer is option 'B'. Can you explain this answer?

Aarav Sharma answered
Significance of the discovery of "Badis Limaakumi," a new species of freshwater fish in Nagaland, India

The recent discovery of "Badis Limaakumi," a new species of freshwater fish in Nagaland, India, holds significant importance for several reasons. Let us explore the key aspects that make this discovery significant:

1. Unique Chameleon-like Color-changing Ability:
Badis Limaakumi is a remarkable chameleon fish that possesses the ability to change its color. This characteristic sets it apart from other fish species and makes it highly interesting for researchers and scientists studying animal behavior and adaptation.

2. Contribution to Biodiversity:
The discovery of a new species adds to the rich biodiversity of Nagaland and India as a whole. It highlights the importance of preserving and protecting natural habitats as they continue to offer new and exciting opportunities for scientific exploration and discovery.

3. Environmental Indicators:
Freshwater fish species are often considered as environmental indicators, reflecting the overall health and condition of their ecosystems. The discovery of Badis Limaakumi provides scientists with an additional species to study and monitor the environmental changes occurring in Nagaland's freshwater habitats.

4. Conservation Implications:
The identification of a new species raises awareness about the need for conservation efforts in Nagaland. With the documentation of this fish species, conservationists and policymakers can work towards protecting its natural habitat and ensuring the survival of this unique chameleon fish.

5. Potential Economic Benefits:
Discoveries of new species can have economic implications, particularly in the field of ecotourism. Nagaland, already known for its rich biodiversity, can attract nature enthusiasts and tourists interested in observing and learning about this newly discovered fish species. This can contribute to local economies and promote sustainable tourism practices.

6. Scientific Research Opportunities:
The discovery of Badis Limaakumi presents numerous research opportunities for scientists and biologists. It allows for detailed studies on the fish's behavior, ecology, genetics, and evolution. Additionally, scientists can investigate the mechanisms behind the fish's color-changing ability, potentially leading to advancements in the field of biomimicry.

In conclusion, the recent discovery of Badis Limaakumi, a new species of freshwater fish in Nagaland, India, holds significant importance due to its unique chameleon-like color-changing ability, contribution to biodiversity, environmental indicators, conservation implications, potential economic benefits, and scientific research opportunities. This discovery provides valuable insights into the natural world and emphasizes the importance of preserving and studying our planet's diverse ecosystems.

According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?
  • a)
    Equal investment in clean energy and fossil fuels
  • b)
    2:1 in favor of clean energy
  • c)
    1:2 in favor of fossil fuels
  • d)
    5:1 in favor of clean energy
Correct answer is option 'D'. Can you explain this answer?

Iq Funda answered
The World Energy Outlook 2023 report indicates that global investment in clean energy is expected to be nearly five times that of fossil fuels by the year 2030. This trend reflects the world's shift towards sustainable and eco-friendly energy solutions.

Which police station in India was the first to receive the ISO 9001:2015 certification?
  • a)
    Delhi Police Station
  • b)
    Mumbai Police Station
  • c)
    Bhopal’s Mahila Thana
  • d)
    Kolkata Police Station
Correct answer is option 'C'. Can you explain this answer?

Aim It Academy answered
Bhopal’s Mahila Thana (women's police station) became the first women-centric police station in India to be awarded the ISO 9001:2015 certification. This certification is a testament to its dedication to excellence and providing quality services.

What is the global projection for the growth of gas demand from 2022 to 2026, according to the IEA report?
  • a)
    1.2% annually
  • b)
    2.0% annually
  • c)
    2.5% annually
  • d)
    1.6% annually
Correct answer is option 'D'. Can you explain this answer?

The report states that globally, gas demand is projected to grow by 1.6% annually from 2022 to 2026, down from the previous average of 2.5% per year from 2017 to 2021.

What is the projected growth rate of India's natural gas demand for the year 2023 according to the IEA report?
  • a)
    2%
  • b)
    4%
  • c)
    6%
  • d)
    8%
Correct answer is option 'B'. Can you explain this answer?

G.K Academy answered
According to the IEA report, India's natural gas demand is projected to experience a remarkable 4% upswing in the calendar year 2023. This indicates a significant increase in the demand for natural gas.

What significant reforms has the Asian Development Bank (ADB) undertaken to further support the achievement of sustainable development goals (SDGs)?
  • a)
    ADB has introduced reforms to reduce its annual commitments to projects and initiatives.
  • b)
    ADB has established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP).
  • c)
    ADB has reduced its support for addressing climate change challenges.
  • d)
    ADB has decreased its membership from 68 to 49.
Correct answer is option 'B'. Can you explain this answer?

ADB's Reforms to Support Sustainable Development Goals

Establishment of the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP)
- ADB has introduced the IF-CAP to mobilize funds for climate action projects in the region.
- This facility aims to promote innovative financing mechanisms to support climate initiatives that align with the SDGs.
- By establishing IF-CAP, ADB has taken a significant step towards addressing climate change challenges and promoting sustainable development.

What is the theme for the Amazon Great Indian Festival 2023?
  • a)
    "Festive Shopping Extravaganza"
  • b)
    "Shop Big, Save Big"
  • c)
    "Unboxing Happiness"
  • d)
    "Amazon Savings Fiesta"
Correct answer is option 'C'. Can you explain this answer?

The theme for the Amazon Great Indian Festival 2023 is "Unboxing Happiness." This theme sets the tone for a festive shopping extravaganza where customers can explore a wide range of products and avail substantial discounts across various categories.

What project was approved by the Union Cabinet on October 18, 2023, to establish a 13 GW renewable energy project in Ladakh by the fiscal year 2029-30?
  • a)
    Green Energy Corridor (GEC) Phase-I
  • b)
    National Solar Mission
  • c)
    Clean Energy Initiative
  • d)
    Green India Project
Correct answer is option 'A'. Can you explain this answer?

The Union Cabinet approved the Green Energy Corridor (GEC) Phase-II project on October 18, 2023. This project aims to establish a 13 GW renewable energy project in Ladakh by the fiscal year 2029-30. This project is significant in promoting green energy in India and enhancing the country's energy infrastructure.

What is the main objective of the USD 200 million project approved by the Asian Development Bank (ADB) in Assam, India?
  • a)
    Promoting tourism in Assam
  • b)
    Enhancing flood and riverbank erosion risk management
  • c)
    Developing infrastructure for the tea industry
  • d)
    Expanding transportation networks
Correct answer is option 'B'. Can you explain this answer?

Vinod Mehta answered
The main objective of the USD 200 million project approved by the Asian Development Bank (ADB) in Assam, India, is to enhance flood and riverbank erosion risk management along the Brahmaputra River. This project aims to improve disaster resilience, food security, and the livelihoods of approximately 1 million people in the region.

What is the main focus of the online platform 'Universalisation of Traditional Indian Knowledge and Systems' (UTIKS) launched by ICCR and SPPU?
  • a)
    Promoting international trade
  • b)
    Showcasing India's rich cultural heritage
  • c)
    Facilitating agricultural development
  • d)
    Supporting renewable energy projects
Correct answer is option 'B'. Can you explain this answer?

Anjana Singh answered
The main focus of the online platform 'Universalisation of Traditional Indian Knowledge and Systems' (UTIKS) launched by ICCR and SPPU is to showcase India's rich cultural heritage and traditional knowledge systems to a global audience. It offers a wide range of short courses to educate people about India's cultural diversity.

What does the Ecomark Scheme, introduced on October 11, 2023, provide accreditation and labeling for?
  • a)
    Organic agricultural products.
  • b)
    Household and consumer products meeting specific environmental criteria.
  • c)
    Energy-efficient appliances.
  • d)
    Luxury fashion items.
Correct answer is option 'B'. Can you explain this answer?

The Ecomark Scheme provides accreditation and labeling for household and consumer products that meet specific environmental criteria while adhering to Indian quality standards. It promotes eco-conscious consumer choices by recognizing products with a reduced ecological footprint.

What is the significance of the Green Hydrogen Standard introduced by the Ministry of New and Renewable Energy (MNRE)?
  • a)
    It establishes emission limits for hydrogen production.
  • b)
    It promotes the use of fossil fuels for hydrogen production.
  • c)
    It encourages the use of non-renewable energy sources for hydrogen generation.
  • d)
    It aims to increase carbon emissions.
Correct answer is option 'A'. Can you explain this answer?

G.K Academy answered
The Green Hydrogen Standard sets emission limits for hydrogen production, classifying it as 'Green' when it originates from renewable sources. This standard is significant because it promotes clean and sustainable hydrogen production methods, which is a crucial step toward reducing carbon emissions and advancing the green energy transition.

What is the main objective of the Green Credit Program (GCP), which was launched on October 12, 2023?
  • a)
    To promote the use of credit cards for environmental purchases.
  • b)
    To incentivize voluntary environmental actions across diverse sectors.
  • c)
    To reduce greenhouse gas emissions in the transportation sector.
  • d)
    To encourage industrial growth without considering environmental concerns.
Correct answer is option 'B'. Can you explain this answer?

G.K Academy answered
The main objective of the Green Credit Program (GCP) is to incentivize voluntary environmental actions across diverse sectors. It encourages individuals, organizations, and businesses to engage in sustainability initiatives and earn credits for their efforts. These credits can be traded, creating a market for environmental stewardship.

Which significant financial program saw an increase in the average spending of its account holders in the financial year 2022-23, as per the text?
  • a)
    Pradhan Mantri Jan-Dhan Yojana (PMJDY)
  • b)
    Swachh Bharat Abhiyan
  • c)
    Make in India
  • d)
    Digital India
Correct answer is option 'A'. Can you explain this answer?

Aim It Academy answered
The text mentions that SVANidhi loans to Pradhan Mantri Jan-Dhan Yojana (PMJDY) beneficiaries led to an increase in the average spending of its account holders in the financial year 2022-23. This illustrates the positive impact of the scheme on the spending habits of its beneficiaries.

What is the primary goal of the Super Power Retailer Program, established through a partnership between NSDC and Coca-Cola India on October 15, 2023?
  • a)
    To promote online retailing.
  • b)
    To reduce the number of small retailers.
  • c)
    To empower small and micro retailers.
  • d)
    To train large retailers.
Correct answer is option 'C'. Can you explain this answer?

The primary goal of the Super Power Retailer Program is to empower small and micro retailers. This program includes industry-specific training content and infrastructure development, contributing to skill development in India. It aims to uplift and empower retailers across the country.

Which university signed a Memorandum of Understanding (MoU) with DPIIT to advance the Pradhan Mantri Gati Shakti National Master Plan (PMGS-NMP)?
  • a)
    Jawaharlal Nehru University (JNU)
  • b)
    Gati Shakti Vishwavidyalaya (GSV)
  • c)
    Banaras Hindu University (BHU)
  • d)
    Delhi University (DU)
Correct answer is option 'B'. Can you explain this answer?

Vinod Mehta answered
Gati Shakti Vishwavidyalaya (GSV), a prominent central university in Vadodara, Gujarat, signed an MoU with the Department for Promotion of Industry and Internal Trade (DPIIT) to advance the Pradhan Mantri Gati Shakti National Master Plan (PMGS-NMP). This partnership aims to boost India's infrastructure and logistics sectors.

What is the focus of the "Vision 2047" document being developed by the Indian government?
  • a)
    To achieve global dominance in military capabilities.
  • b)
    To become a high-income country by 2047.
  • c)
    To establish a strong presence in space exploration.
  • d)
    To eliminate all environmental challenges by 2047.
Correct answer is option 'B'. Can you explain this answer?

Aim It Academy answered
The "Vision 2047" document being developed by the Indian government focuses on elevating India to a middle-income country by 2047. It outlines strategic measures to achieve this goal, leveraging India's expertise in various sectors, including industry, services, agriculture, trade, and human capital. The vision also emphasizes improving governance systems and ensuring inclusive economic growth.

Which region in India has benefited significantly from the RCS-UDAN Scheme in terms of boosting tourism and accessibility to airports?
  • a)
    Southern states.
  • b)
    Western states.
  • c)
    Northeast region.
  • d)
    Central India.
Correct answer is option 'C'. Can you explain this answer?

Aim It Academy answered
The Northeast region of India has significantly benefited from the RCS-UDAN Scheme. The scheme has enhanced tourism in the region by increasing accessibility to airports in states like Arunachal Pradesh, including Pasighat, Ziro, Hollongi, and Tezu. This has played a vital role in promoting tourism and improving regional connectivity.

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