Daily Current Affairs MCQs : 20 July 2023 - CUET Commerce MCQ

According to the NITI Aayog's Export Preparedness Index (EPI) 2022 report, Tamil Nadu secured the top position with an overall score of 89.89. The index assesses the export potential and readiness of different states and UTs in India, and Tamil Nadu's performance highlights its strong capabilities in international trade.

 NITI Aayog released the TCRM Matrix framework as a pioneering assessment tool to revolutionize technology evaluation, foster innovation, and fuel entrepreneurship in India. The framework incorporates Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.

The United Nations Development Programme (UNDP) signed a Memorandum of Understanding (MoU) with Absolute®, a bioscience company, to jointly strengthen the implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and enhance the strength of farmers. The partnership aims to build technical capabilities, digitize service delivery, and facilitate data-driven solutions in agriculture.

The Defence Acquisition Council (DAC) granted Acceptance of Necessity (AoN) for the procurement of 26 Rafale Marine aircraft, along with associated equipment, weapons, simulator, spares, documentation, crew training, and logistic support, from the French government. The procurement aims to bolster the operational capabilities of the Indian Navy.

On World Youth Skills Day 2023, Skill India and Grab Ur Vernacular Imprint (GUVI) launched the "AI for India 2.0" free online training programme on Artificial Intelligence (AI). This initiative aims to empower the youth of India with essential AI skills and knowledge, fostering innovation and technological expertise in the digital era.

Singapore holds the top position in the World's Most Powerful Passport Index, providing visa-free or visas on arrival access to 192 travel destinations out of 227 worldwide. This accomplishment reflects Singapore's global standing and ease of travel for its citizens.

The joint military exercise "Nomadic Elephant" took place in Ulaanbaatar, Mongolia, involving troops from the Indian Army's Jammu and Kashmir Light Infantry Regiment and Unit 084 of the Mongolian Armed Forces. The exercise aimed to enhance bilateral defense ties and strengthen camaraderie between India and Mongolia.

According to the Reserve Bank of India's (RBI) "India @ 100" paper, India needs to achieve an average annual real Gross Domestic Product (GDP) growth rate of 7.6% over the next 25 years to become a developed nation by 2047-48. This ambitious growth target aims to elevate India's economic status on the global stage.

PhonePe Insurance Broking Services Private Limited (PIBS), a subsidiary of PhonePe Private Limited, launched health insurance plans in partnership with leading insurers. The platform became the first in India to offer easy installment payment through Unified Payments Interface (UPI) on the PhonePe app, simplifying the insurance purchasing process for customers.

The Asian Development Bank (ADB) revised the economic growth forecast for Developing Asia to 4.8% for 2023 and 4.7% for 2024. The region's resilience and robust domestic demand contribute to these positive projections, indicating its potential for sustained economic progress.