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- Which of the following sectors were recently (in Jan’ 23) relaxed for the export obligations under the Central Government’s Export Promotion Capital Goods (EPCG) scheme?
1) Education
2) Healthcare
3) Hotel
4) Only 1 & 2
5) All 1, 2 & 3Answer-5) All 1, 2 & 3
Explanation:
The Central Government relaxed export obligations under the Export Promotion Capital Goods (EPCG) scheme for the hotel, healthcare, and educational sectors.
Reason behind this Relaxation: To help the above-mentioned sectors to cope with the negative impact of the COVID-19 pandemic on their export activities.
• For the years 2020-21 and 2021-22, these sectors will not be required to maintain average export obligation for EPCG authorizations issued to them.
• The export period would be extended from the date of expiry for the duration equivalent to the number of days the export obligation period falls between February 1, 2020, and March 31, 2022.
• For EPCG authorizations issued for sectors other than Hotel, Healthcare and Educational, the export obligation period may be extended for the number of days the existing export obligation period falls between February 1, 2020, and July 31, 2021. - Name the ministry that has recently (in Jan ‘23) issued the guidelines ‘Endorsements Know-hows!’ for social-media influencers to disclose the promotional content of the products or services.
1) Ministry of Consumer Affairs
2) Ministry of Science and Technology
3) Ministry of Micro, Small and Medium Enterprises
4) Ministry of Skill Development and Entrepreneurship
5) Ministry of Home AffairsAnswer-1) Ministry of Consumer Affairs
Explanation:
The Ministry of Consumer Affairs unveiled guidelines ‘Endorsements Know-hows!’ for social-media influencers, including celebrities and virtual avatars, for disclosing the promotional content of the products or services they endorse and their material connections with those.
• Material connection with a brand covers monetary benefits, hotel stay, awards, employment relationships, sweepstakes entries, and media barters.
• The guidelines were briefed by the Union Consumer Affairs Secretary Rohit Kumar Singh during a press conference in New Delhi, Delhi
i. For promotion activities, the use of social media has been increased. So in order to ensure influencers do not mislead their audiences and to avoid unfair trade practices these guidelines have been framed in accordance with the Consumer Protection Act, 2019.
ii. The Central Consumer Protection Authority (CCPA) can impose a penalty of up to Rs 10 lakh on manufacturers, advertisers and endorsers and for repeated offences, a penalty of up to Rs 50 lakh can be imposed. - The _________ edition of the Jaipur Literature Festival 2023 is being held at Jaipur, Rajasthan in January 2023.
1) 16th
2) 13th
3) 15th
4) 12th
5) 14thAnswer-1) 16th
Explanation:
The Jaipur Literature Festival 2023, the 16th edition of the festival celebrating the power of literature, art and culture with a focus on Indian languages is being held from 19th to 23rd January 2023 in Hotel Clarks Amer in Jaipur, Rajasthan.
i. The 16th edition of the festival features a range of women writers and their exemplary works. The keynote address was delivered by Abdulrazak Gurnah, the recipient of the Nobel Prize in Literature (2021), on ‘writing as a form of resistance’. - Which organisation/company has recently (in Jan ‘23) received approval for internal reorganisation from Competition Commission of India (CCI)?
1) Hindustan Zinc Limited
2) Vedanta Aluminium Limited
3) Kalyani Group
4) Hindalco Industries Limited
5) JSW GroupAnswer-3) Kalyani Group
Explanation:
The Competition Commission of India (CCI) approved the internal reorganisation of the Kalyani Group’s companies. The deal has been cleared under the green channel route, an automated approval scheme.
i. A transaction is considered to be allowed under this framework after being intimated to the fair-trade authority if there is no risk of an appreciable adverse effect on competition.
ii. The current transaction entails the internal reorganization of 9 Kalyani Group entities under a scheme of amalgamation and arrangement entered between these entities. - Which of the following Indian Coast Guard Ships (ICGS) has recently (in Jan ‘23) sailed a 6-day visit to Chittagong, Bangladesh, as a part of the cooperation between the ICG and Bangladesh Coast Guard (BCG)?
1) ICGS Varad
2) ICGS Shaurya
3) ICGS Rajveer
4) Both 1 & 2
5) Both 2 & 3Answer-5) Both 2 & 3
Explanation:
Indian Coast Guard Ships (ICGS) Shaurya and ICGS Rajveer, 2 vessels of the Indian Coast Guard(ICG) sailed to Chittagong, Bangladesh for a 6-day visit (13th to 19th January 2023) as a part of the close cooperation between the ICG and Bangladesh Coast Guard(BCG).
i. The visit aims to enhance cooperative engagements and interoperability under the provisions of the MoU signed between ICG and BCG.
ii. The visit of the ICGS Shaurya and ICGS Rajveer, the state-of-the-art indigenously built ICGS important part of the Defence Partnership between India and Bangladesh.
iii. ICGS Shaurya is an Advanced Offshore Patrol Vessel (AOPV) designed and built by Goa Shipyard Limited and ICGS Rajveer is an Inshore Patrol Vessel (IPV) designed and built by Garden Reach Shipbuilders, Kolkata, West Bengal. - According to the article “State of the Economy” published in “January 2023 bulletin” of the Reserve Bank of India (RBI), the 2023 Monetary Policy of RBI is objective to Direct Inflation Towards a target ________ by 2024.
1) 2%
2) 4%
3) 6%
4) 5%
5) 3%Answer-2) 4%
Explanation:
According to the article titled “State of the Economy” published in the “January 2023 bulletin” of the Reserve Bank of India (RBI), the RBI’s 2023 monetary policy objective is to keep inflation within the required tolerance band (2%-6%) and lead it towards the medium-term target of 4% by 2024, which is the second milestone.
i. The first monetary policy milestone has been reached, with inflation now falling inside the tolerance band.
ii. According to provisional data issued by the National Statistical Office (NSO) on January 12, 2023, Retail inflation, as measured by Year-on-year (y-o-y) fluctuations in the all-India Consumer Price Index (CPI), slowed to 5.7% in December 2022 from 5.9% in November 2022. It was driven by a significant drop in food inflation. - To which company, L&T Technology Services Limited (LTTS) has recently (in Jan ‘23) selected as a strategic engineering partner?
1) Lockheed Martin Corporation
2) Boeing India
3) Airbus
4) United Technologies Corporation
5) Mitsubishi Heavy IndustriesAnswer-3) Airbus
Explanation:
L&T Technology Services Limited (LTTS), a subsidiary of Larsen & Toubro Limited (L&T), has been selected as a strategic engineering partner to Airbus for providing Advanced Engineering Capabilities and Digital Manufacturing Services under a multi-year contract.
i. LTTS will support Airbus in key verticals and technology for its ongoing Commercial and innovation programs. - Name the bank that has recently (in Jan ‘23) sold its entire 40% stake in Commercial Indo Bank LLC (CIBL) to State Bank of India (SBI).
1) Bank of Baroda
2) Union Bank of India
3) Bank of India
4) Canara Bank
5) Punjab National BankAnswer-4) Canara Bank
Explanation:
Canara Bank is set to sell its entire 40% stake in the Russian joint venture (JV) Commercial Indo Bank LLC (CIBL) to the JV partner State Bank of India (SBI). The cash consideration for the transaction is equivalent to USD 14.67 million. (Rs 114 crore).
• The transaction is expected to be completed on or before 31st March 2023.
i. Post-acquisition, the State Bank of India will hold a 100% stake in CIBL.
ii. CIBL, incorporated in 2003 in Russia, is a JV between SBI, (60% stake), and Canara Bank (40% stake). - Which company has recently (in Jan ‘23) developed India’s first 5G-enabled drone called ‘Skyhawk’?
1) Aotom Technology
2) IG Drones
3) Skylark Dronetech
4) Amaryllo India
5) Garuda AerospaceAnswer-2) IG Drones
Explanation:
Startup firm IG Drones has developed India’s first 5G-enabled drone namely ‘Skyhawk’ that is capable of vertical take-off and landing (VTOL), and can be used in defence and medical applications, among other sectors.
• It can carry a 10 kg payload and has an endurance of around five hours. The drone, if operated at its peak speed, can cover almost 100 kms in 12-15 minutes
i. IG Drones startup is formed out of the Veer Surendra Sai University of Technology (VSSUT) campus in Odisha’s Sambalpur.
ii. It is IP67 rated and can be controlled via a combination of NavIC + GPS navigational satellites which remain connected in the upper range of 50 to 60 in case of failsafe activation. - ___________ has recently (in Jan ‘23) announced a target to become the “first Green Energy State” by the end of 2025.
1) Gujarat
2) Uttarakhand
3) Uttar Pradesh
4) Jharkhand
5) Himachal PradeshAnswer-5) Himachal Pradesh
Explanation:
Sukhvinder Singh Sukhu, Chief Minister (CM) of Himachal Pradesh (HP) announced that Himachal Pradesh targets to become the “first Green Energy State” by the end of 2025.
i. This will be achieved by harnessing hydro, hydrogen and solar energy and switching on to green products that enhance the premium and advantage in export.
ii. The government is set to invest in Solar plants and will install 500 MW Solar projects during the year 2023-24. 200 MW of this would be installed by HPPCL.
- Which of the following sectors were recently (in Jan’ 23) relaxed for the export obligations under the Central Government’s Export Promotion Capital Goods (EPCG) scheme?
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