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- In July 2022, the Ministry of Commerce and Industry (MoCI) extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme till __________ for Exports of Apparel/Garments.
1) 30th April, 2023
2) 31st March, 2024
3) 30th April, 2024
4) 31st March, 2023
5) 31st January, 2023
Answer & Explanation
Answer-2) 31st March, 2024
Explanation:
The Ministry of Commerce and Industry (MoCI) approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates as announced by the Ministry of Textiles for exports of apparel/garments and made-ups until 31st March, 2024.
i. This extension of RoSCTL scheme is to increase exports and generate employment in the textile industry.
About RoSCTL Scheme:
It succeeded the RoSL (Rebate of State Levies) initiative in March 2019 after the implementation of GST (Goods and Service Tax) in 2017.
It aims to reimburse all embedded State and Central Taxes/Levies for exports of manufactured goods and garments by way of rebate to enhance the productivity of the garment and made-up sectors.
It compensates the State and Central Taxes in addition to the Duty Drawback Scheme on export of apparel/ garments and Made-ups.
- In July 2022, __________ became the first and the only state in India to have its own internet services.
1) West Bengal
2) Maharashtra
3) Gujarat
4) Tamil Nadu
5) Kerala
Answer & Explanation
Answer- 5) Kerala
Explanation:
Kerala has become the first and the only state in India to have its own internet services through the Kerala Fibre Optic Network (KFON) Limited’s KFON project, an Information Technology (IT) Infrastructure project that aims to provide internet access to everyone in Kerala.
i. The KFON Limited has received Internet Service Provider (ISP) licence from the Department of Telecommunications (DoT), Ministry of Communication for providing the internet access
ii. The KFON project will bridge the digital divide in Kerala that is set to provide internet to Below Poverty Line (BPL) families and around 30,000 government offices.
- Which of the following Indian Places were listed among the “50 extraordinary destinations to explore” by TIME magazine in its 1st list of the world’s greatest places of 2022?
1) Ahmedabad capital city of Gujarat
2) State of Kerala
3) Delhi Capital city of Delhi
4) Both 1 & 2
5) Both 2 & 3
Answer & Explanation
Answer-4) Both 1 & 2
Explanation:
The TIME Magazine in its first list of the World’s Greatest Places of 2022 named India’s Ahmedabad (Gujarat), and State of Kerala among the 50 extraordinary destinations to explore. It should be noted that Ahmedabad is India’s first UNESCO World Heritage City.
i. The list also includes Ras Al Khaimah, UAE; Park City, Utah; Seoul; Great Barrier Reef, Australia; The Arctic; Valencia, Spain; Trans Bhutan Trail, Bhutan; International Space Station; Bogota; Lower Zambezi National Park, Zambia; Istanbul; Kigali, Rwanda; Buahan in Bali.
- Which organisation recently (in July’22) signed an MoU with Govt of Singapore to promote investments in the Asia and Pacific region?
1) Asian Infrastructure Investment Bank
2) World Trade Organization
3) International Monetary Fund
4) Asian Development Bank
5) World Bank
Answer & Explanation
Answer-4) Asian Development Bank
Explanation:
Asian Development Bank (ADB) and the Singapore government signed an MoU to promote investments in the Asia and Pacific region and to recognize the importance of private sector finance as well as catalysing public sector resources for sustainable and inclusive development.
i. The MoU was signed by Masatsugu Asakawa, ADB president and Singapore Deputy Prime Minister and Finance Minister Lawrence Wong.
ii. The signing ceremony was held on the sidelines of the Group of 20 (G20) Finance Ministers meeting and Central Bank Governors meeting in Bali, Indonesia.
- Which bank recently (in July ’22) became the 1st private sector bank to integrate with the new e-filing portal of the Income Tax department?
1) YES Bank
2) Kotak Mahindra Bank
3) HDFC Bank
4) Axis Bank
5) ICICI Bank
Answer & Explanation
Answer- 2) Kotak Mahindra Bank
Explanation:
Kotak Mahindra Bank has become the 1st private sector bank to be fully integrated with the new e-filing portal of the Income Tax department after the completion of its technical integration with the new e-filing portal.
i. Customers, both Individual and corporate can pay direct taxes through the portal’s e-pay tax tab using Kotak net banking.
- Name the bank that was recently (in July’22) awarded with the ‘Best Performing Bank Award’ in Tamil Nadu for FY2021-22 under the ‘SHG Bank Linkage Programme’ category by NABARD.
1) Bank of India
2) Central Bank of India
3) Indian Bank
4) State Bank of India
5) Punjab National Bank
Answer & Explanation
Answer-3) Indian Bank
Explanation:
Indian Bank was awarded with the ‘Best Performing Bank Award’ in Tamil Nadu for the Fiscal Year 2021-22 under ‘SHG (Self Help Group) Bank Linkage Programme’ category from National Bank for Agriculture and Rural Development (NABARD).
i. The award was presented by the Tamil Nadu finance minister, Dr Palanivel Thiaga Rajan to S L Jain, Managing Director (MD) & Chief Executive Officer (CEO), and V Chandrasekaran, general manager (Rural Banking) during NABARD 41st foundation day (12th July 2022).
- Who was recently (in July’22) appointed as the interim President of Sri Lanka?
1) Ratnasiri Wickremanayake
2) Sirimavo Bandaranaike
3) D. M. Jayaratne
4) Chandrika Kumaratunga
5) Ranil Wickremesinghe
Answer & Explanation
Answer-5) Ranil Wickremesinghe
Explanation:
The 73 years old Ranil Wickremesinghe, PM of Sri Lanka, was sworn in as the acting (interim) President of Sri Lanka in the presence of Chief Justice Jayantha Jayasuriya. He was sworn in after the speaker of the parliament, Mahinda Yapa Abeywardenaon, accepted a resignation letter sent by President Gotabaya Rajapaksa.
i. Ranil Wickremesinghe will remain at the position of President of Sri Lanka until the Sri Lankan Parliament votes for a new president, which is expected to take place on July 20.
ii. The newly elected President will serve out the remainder of Rajapaksa’s term ending in 2024. The measures will be according to No.02 of the Presidential Election Act of Sri Lanka of 1981 and Article 40 of the Constitution of the Democratic Socialist Republic of Sri Lanka.
- In July 2022, the Khadi and Village Industries Commission (KVIC) launched a Knowledge Portal developed by the Center of Excellence (CoE) for Khadi to provide design directions to the Khadi institutions.
The KVIC is a statutory body of the Indian Constitution which comes under which ministry?
1) Ministry of Home Affairs
2) Ministry of MSME
3) Ministry of Corporate Affairs
4) Ministry of Commerce and Industry
5) Ministry of Textiles
Answer & Explanation
Answer-2) Ministry of MSME
Explanation:
The Khadi and Village Industries Commission (KVIC) launched a Knowledge Portal to provide design directions to the Khadi institutions.It was developed by the Center of Excellence (CoE) for Khadi.
i. The portal was inaugurated by Preeta Verma, Chief Executive Officer (CEO) of KVIC.
ii. The Center of Excellence for Khadi has been set up by KVIC, Ministry of MSME (Ministry of Micro, Small & Medium Enterprises) at National Institute of Fashion Technology (NIFT) Delhi to support Khadi Institutions.
iii. KVIC is a statutory body of the Indian Constitution. It comes under the Ministry of Micro, Small and Medium Enterprises. It was established by Khadi and Village Industries Act, 1956.
- What is the theme of World Youth Skills Day (WYSD) 2022 that was celebrated across the globe by the United Nations (UN) on 15th July, 2022?
1) Focusing on resilience
2) Reimagining youth skills post-pandemic
3) Learning to learn for life and work
4) Transforming youth skills for the future
5) Improving the image of TVET
Answer & Explanation
Answer-4) Transforming youth skills for the future
Explanation:
The United Nations (UN’s) World Youth Skills Day (WYSD) 2022 was observed on 15th July 2022 with the theme of ‘Transforming youth skills for the future’. The first WYSD was celebrated on 15 July 2015.
i. The day was celebrated to provide proper training to the youth and create skills for decent work, employment and entrepreneurship.
ii. Karnataka’s Skill Development Ministry launched its Karnataka Skill Connect Portal (KSCP) on World Youth Skills Day. It is a digital platform which brings together academic institutions, various skilling agencies, potential workforce, and potential employers.
- Name the state/UT that recently (in July’22) collaborated with the UNDP to add Data in Climate Resilient Agriculture (DiCRA) to the Digital Public Goods Registry.
1) Telangana
2) West Bengal
3) Andhra Pradesh
4) Odisha
5) Maharashtra
Answer & Explanation
Answer-1) Telangana
Explanation:
The government of Telangana and the United Nations Development Programme (UNDP) collaborated to add Data in Climate Resilient Agriculture (DiCRA) as the latest addition to the Digital Public Goods Registry. This is the first-of-its-kind digital initiative to drive climate action.
Objective: It aims to equip farmers with information on the impact of climate change.
i. DiCRA provides open access to both data as well as analytics derived through open software based on Artificial Intelligence (AI). It will help in strengthening food systems, food security and Industries in India.
- In July 2022, the Ministry of Commerce and Industry (MoCI) extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme till __________ for Exports of Apparel/Garments.
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