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- In December 2022, ‘Gamocha’ of ____________ was granted the Geographical Indication (GI) tag by the Central Government of India.
1) Uttarakhand
2) Nagaland
3) Mizoram
4) Tripura
5) AssamAnswer-5) Assam
Explanation:
‘Gamocha’, a symbol of Assamese culture and identity, has been granted the Geographical Indication (GI) tag by the Central Government, 5 years after the initial application in 2017.
• A GI is primarily a product that originates in a certain geographical location, whether it is a manufactured product (handicrafts and industrial goods), a natural product, or an agricultural product.
i. The “gamocha” is a handwoven rectangular cotton cloth with red borders and various designs and motifs.
ii. A “gamocha”, which literally means a towel, is widely used in Assamese households for daily activities. - Name the country that has recently (in Dec ‘22) signed a joint declaration of Intent on Migration and Mobility with India.
1) Finland
2) Norway
3) France
4) Germany
5) AustraliaAnswer-1) Finland
Explanation:
India and Finland have signed a joint declaration of Intent On Migration and Mobility in order to reach a mutually beneficial agreement on migration and mobility.
i. The Joint Declaration was signed by Union Minister of State (MoS) V. Muraleedharan, Ministry of External Affairs (MEA), Government of India (GoI), and Tuula Haatainen, Finland’s Minister of Employment.
ii. India and Finland have warm and friendly relations based on common values such as democracy, freedom, the rule of law, and respect for human rights.
iii. On May 4, 2022, Prime Minister (PM) Narendra Modi met Finland PM Sanna Marin on the margins of the 2nd India-Nordic Summit in Copenhagen (Denmark). - Which company has recently (in Dec ‘22) showcased the ‘Wagon R Flex Fuel prototype model’, India’s first mass segment Flex Fuel prototype car in New Delhi, Delhi?
1) Renault India
2) Hyundai India
3) Tata Motors
4) Maruti Suzuki
5) Honda MotorAnswer-4) Maruti Suzuki
Explanation:
Maruti Suzuki India Limited (Maruti Suzuki) showcased the Wagon R Flex Fuel prototype model, India’s first mass segment Flex Fuel prototype car in the presence of Union Minister of Road Transport & Highways Nitin Gadkari in New Delhi.
i. It has developed engine management system strategies and emission control systems to comply with BS6 Phase-II emission norms in order to align with the latest government regulations.
ii. The Wagon R Flex Fuel prototype is aligned with the Government of India (GoI)’s clean and green initiatives and has been designed to run on any ethanol-petrol blend between 20 percent (E20) and 85 percent (E85) fuel. - The United Nations Conference on Trade and Development (UNCTAD) in its ‘Global Trade Update (Dec’ 22)’, the Global trade to surge __________ in 2022.
1) USD 29 trillion
2) USD 32 trillion
3) USD 35 trillion
4) USD 21 trillion
5) USD 48 trillionAnswer-2) USD 32 trillion
Explanation:
The United Nations Conference on Trade and Development (UNCTAD) in its ‘Global Trade Update (December 2022)’ report projected an increase in the value of global trade by about 12% to an estimated USD 32 trillion.
i. However, global trade will decline in 2023 due to geopolitical frictions, lower economic growth, higher prices for goods and record levels of global debt.
ii. Trade in merchandise goods is expected to soared USD 25 trillion in 2022, an increase of about 10% as compared to 2021.
• Indian scenario: India recorded a trade growth in Q32022 with 26% y-o-y import growth, and 3% y-o-y export growth.
• In the case of services, it has 49% y-o-y growth for imports and 35% for exports. - In December 2022, the Central Board of Direct Taxes (CBDT) exempted the Non-Resident (NR) taxpayers from mandatory electronic filing of Form 10F until ___________.
1) 31st May 2023
2) 31st January 2023
3) 30th April 2023
4) 31st March 2023
5) 28th February 2023Answer-4) 31st March 2023
Explanation:
The Central Board of Direct Taxes (CBDT) has exempted the Non-Resident (NR) taxpayers from mandatory electronic filing of Form 10F until March 31, 2023. This will be applicable to those NR taxpayers who are not having a Permanent Account Number (PAN) and not required to have a PAN as per relevant provisions of the Income-tax Act, 1961 read with Income-tax Rules, 1962.
• These taxpayers can file Form 10F till March 31, 2023 in manual form.
i. NR taxpayers are required to provide a Tax Residency Certificate (TRC) to avail the benefits of the Double Taxation Avoidance Agreement (DTAA) between their country of residence and India in respect of any income earned in India. - Which bank has recently (in Dec ‘22) acquired 7.75 % of the total share capital of Mintoak Innovations (Mintoak) for Rs 31.14 crore?
1) IndusInd Bank
2) ICICI Bank
3) Axis Bank
4) HDFC Bank
5) YES BankAnswer-4) HDFC Bank
Explanation:
HDFC Bank has acquired 7.75 % of the total share capital of Mintoak Innovations (Mintoak), a fintech startup, on a fully diluted basis for a total cash consideration of Rs 31.14 crore.
i. Lawrencedale Agro Processing (LEAF) headquartered in Ooty, Tamil Nadu, has entered into a strategic partnership with HDFC Bank to offer customised financial products and services to marginalised farmers.
ii. The product improves and provides financial access and inclusion to the entire rural ecosystem and brings an impact to more than 5 million marginalised farmers. - In December 2022, the Asian Development Bank (ADB) declined Asia’s economic growth at _______ in 2022 from 4.3% forecasted in September 2022, while India’s FY23 GDP growth was retained at 7%.
1) 4.0%
2) 4.2%
3) 3.9%
4) 4.1%
5) 3.8%Answer-2) 4.2%
Explanation:
The Asian Development Bank (ADB) in its ‘Asian Development Outlook (ADO) Supplement, December 2022- Global Gloom Dims Asian Prospects’ declined developing Asia’s economic growth at 4.2% in 2022 from 4.3% forecasted in September 2022.
• For 2023 also it is declined to 4.6% from 4.9% projected in September 2022.
i. For India, Gross domestic product (GDP) growth projections were maintained at 7% in 2022 and 7.2% in 2023.
• India’s inflation rates are forecasted at 6.7% in 2022 and 5.8% in 2023. - Which company has recently (in Dec ‘22) signed an MoU with the Federation of Indian Export Organisations (FIEO) to support MSME exporters in India?
1) TCI Express
2) Aegis Logistics
3) Shiprocket
4) FedEx
5) Allcargo LogisticsAnswer-3) Shiprocket
Explanation:
The Federation of Indian Export Organisations (FIEO) signed an MoU with Shiprocket to support Micro, Small and Medium Enterprise (MSME) exporters in India showcasing their products on the Indian Business Portal (IBP).
i. This MoU will enable FIEO member exporters to choose premium economy & express options from the Shiprocket panel.
ii. Shiprocket will offer solutions to the enquiries and service issues of the FIEO members though its dedicated helpdesk. - Name the company that has recently (in Dec ‘22) received ‘Safety Performer of the Year’ at the GMR Delhi Airport Awards 2022.
1) IndiGo
2) SpiceJet
3) Air India
4) Go First
5) VistaraAnswer-2) SpiceJet
Explanation:
The GMR Delhi Airport Awards 2022 awarded SpiceJet with the ‘Safety Performer of the Year’. This award acknowledged its top performance among the self-handling airlines and its efforts to reduce ground safety violations significantly.
i. Recently, the airline was audited by the International Civil Aviation Organization (ICAO), and its operations, safety processes, and systems were found to be strong and at par with the global best practices and safety standards. - When was National Energy Conservation Day 2022 observed across India?
1) 13th December 2022
2) 10th December 2022
3) 14th December 2022
4) 11th December 2022
5) 12th December 2022Answer-3) 14th December 2022
Explanation:
National Energy Conservation Day 2022 was celebrated across India on 14th December 2022. The MoP celebrates National Energy Conservation Week 2022 by the Andhra Pradesh State Energy Conservation Mission (APSECM) from 14th to 20th December.
i. The National Energy Conservation Day is organized by the Bureau of Energy Efficiency (BEE) which operates under the Ministry of Power (MoP). The 1st National Energy Conservation Day was observed on 14th December 1991.
ii. Droupadi Murmu, President of India, the Chief Guest of the event presented the 32nd National Energy Conservation Awards (NECA), 2nd National Energy Efficiency Innovation Awards (NEEIA) and National Painting Competition prizes in New Delhi, Delhi, on the occasion of National Energy Conservation Day (14th December 2022).
• The President also launched the ‘EV-Yatra Portal’ on the occasion.
- In December 2022, ‘Gamocha’ of ____________ was granted the Geographical Indication (GI) tag by the Central Government of India.
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