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- In July 2022, the Ministry of Agriculture & Farmers Welfare set up a 29-member committee to make the Minimum Support Price (MSP) more effective and transparent.
The committee will be headed by whom?
1) Rajesh Chippa
2) Kailash Choudhary
3) Arun Kumar
4) Sanjay Agrawal
5) Khem RajAnswer-4) Sanjay Agrawal
Explanation:
The Ministry of Agriculture & Farmers Welfare (MoA&FW) has set up a 29-member committee, to be headed by Former Agriculture Secretary Sanjay Agrawal that will look into how to make the Minimum Support Price (MSP) more effective and transparent, and to promote zero-budget based farming.
i. There are 3 posts for the representatives of Samyukta Kisan Morcha (SKM), that spearheaded the protests against the farm laws, in the committee. - In July 2022, the Open Network Digital Commerce (ONDC) network expanded its pilot to 15 new cities ahead of its plans to begin operations in August 2022.
Which company is Set to Become the First E-Commerce Marketplace to Debut on ONDC?
1) Snapdeal
2) Amazon India
3) Alibaba
4) Flipkart
5) IndiaMARTAnswer-1) Snapdeal
Explanation:
The Open Network Digital Commerce (ONDC) network, led by the Government of India (GoI), has expanded its pilot to 15 new cities ahead of its plans to begin operations in August 2022.
i. The network first began its pilot in April 2022 in 5 cities: New Delhi (Delhi), Bengaluru (Karnataka), Coimbatore (TN), Bhopal (MP), and Shillong (Meghalaya).
ii. Snapdeal, an e-commerce platform based in New Delhi (Delhi), is slated to be the first e-commerce marketplace to debut on the ONDC platform.
iii. Snapdeal inked an onboarding agreement to join ONDC in early July 2022 and will launch on the network in August 2022 with three key categories—fashion, home & beauty and personal care. - At what %, Morgan Stanley has reduced (as of July’22) India’s GDP forecast from 7.6% for FY 2022-23?
1) 7.4%
2) 7.3%
3) 7.1%
4) 7.2%
5) 7.0%Answer-4) 7.2%
Explanation:
The New York, United States (US) based investment management and financial services company, Morgan Stanley, has cut India’s Gross Domestic Product (GDP) forecast by 40 basis points to 7.2% for FY 2022-23 (FY23) from 7.6%, and by 30 bps to 6.4% for FY 2023-24 (FY24) from 6.7% amid slower global growth.
It expects monetary policy normalisation to continue, pegging the terminal repo rate at 6.5%, which is expected to be reached by April 2023.
i. The Consumer Price Index (CPI) based inflation forecast for FY23 for India has fallen to 6.5% from 7% earlier, due to moderation in commodity price increases improving the near-term trajectory on the macro level. It expects it to average 5.3% in F24 - According to the Forbes’ Real-Time Ranking of the World’s Billionaires list (as of 20th July’22), Gautam Adani secured 4th rank in the list by surpassing ______, while Elon Musk tops the list.
1) Warren Buffett
2) Larry Ellison
3) Bill Gates
4) Mukesh Ambani
5) Jeff BezosAnswer-3) Bill Gates
Explanation:
Indian industrialist Gautam Adani with a net worth of over USD 114 billion secured the fourth rank on the Forbes’ Real-Time Ranking of the World’s Billionaires list. He surpassed Microsoft founder Bill Gates, fifth rank with an estimated USD 102 billion net worth.
Forbes’ Real-Time Ranking of the World’s Billionaires:
Elon Musk with USD 230 billion net worth secured the first rank on the Forbes’ list, became the richest person.
Bernard Arnault of Louis Vuitton at the second spot and Amazon’s Jeff Bezos at third on the list.
Note- India’s Reliance Industries’ (RIL) Mukesh Ambani with net worth of USD 88 billion holds tenth spot on the list. - Who was recently (in July’22) Honoured with JC Daniel Award 2021, Kerala’s Highest Film Award?
1) Shyama Prasad
2) Hariharan
3) KP Kumaran
4) Santhosh Sivan
5) Shaji Neelakantan KarunAnswer-3) KP Kumaran
Explanation:
Malayalam Filmmaker KP Kumaran has been chosen for the JC Daniel Award 2021, Kerala’s highest film award, for his comprehensive contribution to the Malayalam film industry. The award comprises a cash prize of Rs 5 lakh, a citation, and a plaque.
i. Kerala CM, Pinarayi Vijayan will present the award to him at the Kerala State Film Awards ceremony on 3rd August 2022.
ii. KP Kumaran won the National Award for Best feature film in Malayalam for “Rugmini” in 1989 and the Kerala State Film Award for the same in 1989.
Note- Some of his noted works include, ‘Thenthulli’, ‘Laxmivijayam’, ‘Thottam’, and ‘Akasha Gopuram’. - Name the personality who recently (in July’22) took charge as a whole-time member of the Insolvency and Bankruptcy Board of India (IBBI).
1) Jayanti Prasad
2) Amit Pradhan
3) Santosh Kumar Shukla
4) Ritesh Kavdia
5) Sandip GargAnswer-1) Jayanti Prasad
Explanation:
Jayanti Prasad, former Deputy Comptroller & Auditor General (CAG) (Human Resources and International Relations), has taken charge as a whole-time member of the Insolvency and Bankruptcy Board of India (IBBI).
i. Prior to joining IBBI, he had held various key positions at the Office of Comptroller and Auditor General of India and in the United Nations (UN). He also served as the Chief Auditor at the UN for six years.
ii. The UN has awarded him for his contributions as Chief Auditor for the Oil for Food Program resulting in significant impact and cost savings for the UN. - The Ministry of S & T inaugurated (in July’22), the ISRO System for Safe and Sustainable Space Operation and Management (IS4OM) at ISRO control centre _________ for safeguarding space assets.
1) Thiruvananthapuram, Kerala
2) Bengaluru, Karnataka
3) Hyderabad, Telangana
4) Ahmedabad, Gujarat
5) Bhopal, Madhya PradeshAnswer- 2) Bengaluru, Karnataka
Explanation:
Union Minister of Science and Technology (S&T), Jitendra Singh inaugurated ISRO System for Safe and Sustainable Space Operation and Management (IS4OM) at Indian Space Research Organisation (ISRO) control centre, Bengaluru, Karnataka for safeguarding space assets.
i. Around 60 startups have been registered with ISRO since the agency’s start of promoting India’s space sector.
ii. The IS4OM facility will support all operations in safeguarding Indian space assets, mitigating collision threats from other space objects. This is a part of the Space Situational Awareness (SSA) program to identify space debris and monitor them. - In July 2022, ____________, Captain of the England Test team, announced his retirement from the One Day Internationals (ODIs) format, while Tamim Iqbal, current captain of ________ in ODIs announced his retirement from T20 International Matches.
1) Jonny Bairstow; West Indies
2) Benjamin Andrew Stokes; Bangladesh
3) Joe Root; Afghanistan
4) Benjamin Andrew Stokes; West Indies
5) Joe Root; BangladeshAnswer-2) Benjamin Andrew Stokes; Bangladesh
Explanation:
The New-Zealand born, English cricketer, Ben Stokes (full name: Benjamin Andrew Stokes), Captain of the England Test team, has announced his retirement from the One Day Internationals (ODIs) format after England’s first ODI match against South Africa on 19th July 2022 in Chester-le-Street, Durham, England.
i. Ben Stokes played his 105th and final ODI against South Africa in Durham.
ii. Bangladeshi Cricketer Tamim Iqbal, the current captain of Bangladesh in ODIs has announced his retirement from T20 International with effect from 16th July 2022.
iii. Tamim Iqbal announced his retirement after the conclusion of the ODI series against the West Indies National Cricket Team. - Who authored the book, “The Resilient Entrepreneur: Strategies to set you up for Success”?
1) Dhruti Shah
2) Durjoy Datta
3) Aravind Adiga
4) Kiran Desai
5) Vikram ChandraAnswer- 1) Dhruti Shah
Explanation:
A new book titled “The Resilient Entrepreneur: Strategies to set you up for Success” authored by Dhruti Shah was launched globally in the presence of entrepreneurs from Singapore, India, and the United States of America (USA).
i. The book is published by Ocean Reeve Publishing.
ii. Dhruti Shah, hailing from Mumbai, Maharashtra, is an Associate Director at C2C Organizational Development Pvt. Ltd. - Which state’s Skill Development Mission recently (in July’22) signed a pact with Flipkart to Launch a Skill Training Initiative for the E-commerce Logistics Sector?
1) Andhra Pradesh
2) Madhya Pradesh
3) Bihar
4) Uttar Pradesh
5) West BengalAnswer-3) Bihar
Explanation:
Flipkart inked a pact with the Bihar State Skill Development Mission (BSDM) to launch the initiatives of the Supply Chain Operations Academy (SCOA) in Bihar.
i. The pact will provide support to bridge the skill gap and create job opportunities in the expanding supply chain industry in the country.
ii. Flipkart expanded its Supply Chain Operations Academy (SCOA) to accelerate skill building in Bihar for the e-commerce logistics sector. SCOA was launched in October 2021.
iii. It provides 15 days of digital classroom training and 45 days (Total 60 days) of on-the-job apprenticeship at Flipkart supply chain facilities, the qualified candidates will be paid a stipend of Rs 17,500.
- In July 2022, the Ministry of Agriculture & Farmers Welfare set up a 29-member committee to make the Minimum Support Price (MSP) more effective and transparent.
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