Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Under the MoU signed with the Labour Ministry on 7 November 2024, Cygnus Ujala Group will post vacancies on the NCS portal mainly in which sector?
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Correct answer: D — Healthcare
PIB (Labour): Cygnus will post healthcare vacancies and conduct hiring on the NCS portal.
As of October 2024, how many registered employers did the National Career Service portal have, according to the Labour Minister?
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Correct answer: A — Over 35 lakh
PIB (Labour): the NCS has over 35 lakh registered employers and more than 1.10 crore active job seekers as of October.
How much equity infusion in the Food Corporation of India did the CCEA approve on 6 November 2024?
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Correct answer: B — ₹10,700 crore
PIB (Cabinet): the CCEA approved infusion of equity of ₹10,700 crore for working capital in FY 2024-25 in FCI.
The ₹10,700 crore equity infusion in FCI (November 2024) is being made by:
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Correct answer: D — Conversion of Ways and Means Advance to equity
PIB (Cabinet): the equity is infused by way of conversion of Ways and Means Advance to equity in 2024-25.
In which year did the Food Corporation of India start its journey?
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Correct answer: A — 1964
PIB (Cabinet): FCI started its journey in 1964 with authorised capital of ₹100 crore and equity of ₹4 crore.
The Tuna Cluster in the Andaman and Nicobar Islands (notified 6 November 2024) is being developed under which scheme?
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Correct answer: B — Pradhan Mantri Matsya Sampada Yojana
PIB (Fisheries): the Department of Fisheries notified the Tuna Cluster under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
According to the Fisheries Department, the Andaman and Nicobar Islands have an Exclusive Economic Zone of around:
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Correct answer: D — 6.0 lakh sq km
PIB (Fisheries): the islands offer around 6.0 lakh sq km of EEZ rich in under-exploited sea resources.
The estimated resource of tuna and tuna-like species around the Andaman and Nicobar Islands, as per the Fisheries Department (November 2024), is:
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Correct answer: A — 60,000 metric tonnes
PIB (Fisheries): tuna and tuna-like high-value species are estimated at 60,000 metric tonnes.
What was the size of the ADB loan signed on 6 November 2024 for urban services in Uttarakhand?
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Correct answer: C — $200 million
PIB (Finance): the Government of India and ADB signed a $200 million loan for Uttarakhand.
The ADB-funded project signed on 6 November 2024 for Uttarakhand is called the:
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Correct answer: B — Uttarakhand Livability Improvement Project
PIB (Finance): the loan agreement is for the Uttarakhand Livability Improvement Project.
Under the ADB-funded Uttarakhand project (November 2024), which city, described as the state's economic hub, gets climate-resilient roads and an intelligent traffic management system?
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Correct answer: D — Haldwani
PIB (Finance): the project will enhance transport, urban mobility and drainage in Haldwani, the economic hub of the state, including 16 km of climate-resilient roads.
What is the name of the Indo-Kazakh joint venture agreed by IREL and UKTMP JSC on 5 November 2024?
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Correct answer: A — IREUK Titanium Limited
PIB (DAE): IREL and UKTMP JSC signed an agreement to establish the JV IREUK Titanium Limited for production of Ti slag in India.
UKTMP JSC, IREL's partner in the joint venture signed in November 2024, is from which country?
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Correct answer: D — Kazakhstan
PIB (DAE): Ust-Kamenogorsk Titanium and Magnesium Plant JSC is from Kazakhstan.
The IREL–UKTMP joint venture (November 2024) will produce which product in India?
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Correct answer: B — Titanium slag
PIB (DAE): the JV is for production of Ti slag, beneficiating low-grade ilmenite into high-grade titanium feedstock.
At what MRP is Bharat Atta being sold in Phase II (launched 5 November 2024)?
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Correct answer: C — ₹30 per kg
PIB (Food): Bharat Atta at MRP of ₹30 per kg and Bharat Rice at ₹34 per kg in Phase II.
At what MRP is Bharat Rice being sold in Phase II of the retail sale?
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Correct answer: A — ₹34 per kg
PIB (Food): Bharat Rice at MRP of ₹34 per kg during Phase II.
How much wheat was made available in the initial stage of Phase II of Bharat Atta sales?
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Correct answer: D — 3.69 LMT
PIB (Food): in the initial stage of Phase II, 3.69 LMT of wheat and 2.91 LMT of rice were made available.
How much in XV Finance Commission untied grants did Haryana's rural local bodies receive (announced 5 November 2024)?
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Correct answer: C — ₹194.87 crore
PIB (Panchayati Raj): Haryana's PRIs were given untied grants of ₹194.867 crore as the 1st instalment.
XV Finance Commission untied grants to rural local bodies can be used for location-specific needs under the subjects listed in:
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Correct answer: A — The Eleventh Schedule (29 subjects)
PIB (Panchayati Raj): untied grants are used for felt needs under the 29 subjects in the Eleventh Schedule of the Constitution, except salaries and establishment costs.
After the fourth phase of mandatory hallmarking began on 5 November 2024, how many districts are covered in total?
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Correct answer: B — 361
PIB (Consumer Affairs): following the fourth stage, the total number of districts under mandatory hallmarking stands at 361.
How many districts were added in the fourth phase of mandatory gold hallmarking (from 5 November 2024)?
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Correct answer: C — 18
PIB (Consumer Affairs): BIS added 18 additional districts in the fourth phase.
The first phase of mandatory hallmarking of gold jewellery, covering 256 districts, was launched on:
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Correct answer: A — 23 June 2021
PIB (Consumer Affairs): the first phase was launched on 23 June 2021 (256 districts); the second on 4 April 2022 and the third on 6 September 2023.
How many seed categories did Government e Marketplace (GeM) launch on its portal in November 2024?
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Correct answer: C — 170
PIB (Commerce & Industry): GeM revamped and introduced 170 seed categories on the portal.
The new seed categories on the GeM portal (November 2024) feature nearly how many seed varieties?
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Correct answer: D — 8,000
PIB (Commerce & Industry): the newly populated categories feature nearly 8,000 seed varieties.
What is the name of the mascot unveiled on Coal India Limited's 50th Foundation Day (3 November 2024)?
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Correct answer: A — Angara
PIB (Coal): G Kishan Reddy launched the Golden Jubilee logo and unveiled the mascot 'Angara'.
Coal India Limited celebrated its 50th Foundation Day at its headquarters in which city?
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Correct answer: C — Kolkata
PIB (Coal): CIL marked its 50th Foundation Day at the CIL Headquarters in Kolkata.
In which year was the Coal Mines Special Provision (CMSP) Act enacted, as recalled at CIL's 50th Foundation Day?
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Correct answer: B — 2015
PIB (Coal): the CMSP Act was enacted in 2015 to augment coal production through transparent allocation of coal mines via auction.
What was NMDC's iron ore production in October 2024, its best-ever October since inception?
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Correct answer: C — 4.07 MT
PIB (Steel): NMDC produced 4.07 MT and sold 4.03 MT of iron ore in October 2024, its best-ever October.
NMDC, India's largest iron ore producer, is a Navratna PSU under which ministry?
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Correct answer: D — Ministry of Steel
PIB (Steel): NMDC is a Navratna PSU under the Ministry of Steel.
Bibek Debroy, who passed away on 1 November 2024, was serving as:
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Correct answer: A — Chairman, Economic Advisory Council to the PM
PIB (PMO): the PM condoled the passing of Dr Bibek Debroy, Chairman of the Economic Advisory Council to the Prime Minister.
At what age did Bibek Debroy pass away on 1 November 2024?
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Correct answer: B — 69
BusinessLine and Business Standard (1 Nov 2024): Debroy was 69.
Consider the following about Bibek Debroy: 1. He was Chairman of the Economic Advisory Council to the Prime Minister. 2. He was a member of NITI Aayog until June 2019. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
PIB, BusinessLine and Business Standard: he was Chairman of EAC-PM, and a member of NITI Aayog until June 2019.
What was India's overall coal production in October 2024?
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Correct answer: C — 84.45 MT
PIB (Coal): overall coal production in October 2024 reached 84.45 MT; dispatches were 82.89 MT; October 2023 production was 78.57 MT.
By what percentage did India's coal production in October 2024 grow over October 2023?
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Correct answer: B — 7.48%
PIB (Coal): production rose to 84.45 MT from 78.57 MT, an increase of 7.48% (dispatch grew 4.60%).
On which date did Coal India Limited come into being?
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Correct answer: A — 1 November 1975
PIB (Coal): CIL came into being on 1 November 1975 as an apex holding company of the nationalised coking and non-coking coal mines.
What was Coal India Limited's coal output in FY 2024?
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Correct answer: D — 773.6 MT
PIB (Coal): CIL ended FY 2024 with 773.6 MT output, an 8.7-fold growth over 89 MT in 1975-76.
Where did the Ministry of Steel hold its day-long Chintan Shivir on 31 October 2024?
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Correct answer: B — Vigyan Bhawan, New Delhi
PIB (Steel), 31 Oct 2024: the Ministry of Steel conducted a Chintan Shivir at Vigyan Bhawan, New Delhi.
Consider the following about the Chintan Shivir of 31 October 2024: 1. It was organised by the Ministry of Heavy Industries. 2. It was a three-day event held in Mumbai. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
PIB, 31 Oct 2024: it was a day-long Chintan Shivir organised by the Ministry of Steel at Vigyan Bhawan, New Delhi; both statements are wrong.
By how much did the combined Index of Eight Core Industries grow in September 2024 (provisional) over September 2023?
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Correct answer: A — 2.0%
PIB (Commerce), 30 Oct 2024: the combined ICI increased by 2.0 per cent (provisional) in September 2024.
The eight core industries together account for what share of the weight of items in the Index of Industrial Production (IIP)?
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Correct answer: B — 40.27%
PIB (Commerce), 30 Oct 2024: the Eight Core Industries comprise 40.27 per cent of the weight of items included in the IIP.
What was the cumulative (provisional) growth of the Index of Eight Core Industries during April–September 2024-25?
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Correct answer: D — 4.2%
PIB (Commerce), 30 Oct 2024: the cumulative growth rate of ICI during April to September 2024-25 is 4.2 per cent (provisional).
Consider the following about the core industries data for September 2024: 1. Cement, refinery products, coal, fertilizers and steel recorded positive growth. 2. Crude oil production grew over September 2023. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Commerce), 30 Oct 2024: cement, refinery products, coal, fertilizers and steel grew; crude oil production declined by 3.9% in September 2024.
Under the DoPPW OM of 30 October 2024, Dearness Relief for central government pensioners was raised to what rate of basic pension?
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Correct answer: B — 53%
PIB (DoPPW), 30 Oct 2024: DR rises from the existing rate of 50% to 53% of basic pension/family pension w.e.f. 01.07.2024.
From which date is the 3% additional instalment of DA/DR notified on 30 October 2024 effective?
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Correct answer: A — 1 July 2024
PIB (DoPPW), 30 Oct 2024: the additional instalment is due from 01.07.2024; higher DR applies w.e.f. 01.07.2024.
Which of the following is NOT one of the three anti-cancer drugs whose MRP NPPA directed manufacturers to reduce in October 2024?
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Correct answer: C — Pembrolizumab
PIB (Pharmaceuticals), 29 Oct 2024: the three drugs are Trastuzumab, Osimertinib and Durvalumab.
The GST rate on Trastuzumab, Osimertinib and Durvalumab was cut with effect from 10 October 2024:
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Correct answer: D — From 12% to 5%
PIB (Pharmaceuticals), 29 Oct 2024: Notification 05/2024 dated 08.10.2024 reduced GST from 12% to 5% w.e.f. 10.10.2024.
What was the total of the dividend cheques handed to the Defence Minister by seven DPSUs on 29 October 2024?
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Correct answer: A — ₹1,620 crore
PIB (MoD), 29 Oct 2024: seven DPSUs handed over dividend cheques amounting to Rs. 1,620 crore.
At the DPSU review on 29 October 2024, HAL was congratulated on becoming India's Maharatna PSU number:
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Correct answer: C — 14th
PIB (MoD), 29 Oct 2024: HAL got Maharatna status, becoming the 14th Maharatna PSU of India and the first among the DPSUs.
Piyush Goyal's Saudi Arabia visit of 29–30 October 2024 was to participate in which edition of the Future Investment Initiative?
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Correct answer: A — 8th
PIB (Commerce), 28 Oct 2024: Goyal to participate in the 8th Future Investment Initiative.
In which city was the 8th Future Investment Initiative, attended by Piyush Goyal in October 2024, held?
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Correct answer: C — Riyadh
PIB (Commerce), 28 Oct 2024: the visit to Riyadh for the 8th FII.
According to the Rural Development Ministry (27 October 2024), how many person-days were generated under MGNREGS from FY 2014-15 to FY 2024-25?
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Correct answer: B — 2,923 crore
PIB (Rural Development), 27 Oct 2024: total person days between FY 2014-15 to FY 2024-25 have been 2923 crore, against 1660 crore in FY 2006-07 to FY 2013-14.
What is the MGNREGS budget allocation (BE) for FY 2024-25, described as the highest since inception?
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Correct answer: D — ₹86,000 crore
PIB (Rural Development), 27 Oct 2024: Rs 86,000 crore in FY 2024-25 (BE), the highest since inception.
Consider the following about MGNREGS as stated by the ministry on 27 October 2024: 1. Aadhaar seeding has been done for 99.3% of active workers. 2. The budget allocation at BE stage in FY 2013-14 was ₹86,000 crore. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Rural Development), 27 Oct 2024: Aadhaar seeding covers 13.10 crore active workers (99.3%); BE in FY 2013-14 was only Rs 33,000 crore — Rs 86,000 crore is the FY 2024-25 BE.
As per telecom subscription data as on 31 August 2024 (released 26 October 2024), India's total telephone subscribers (wireless + wireline) stood at about:
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Correct answer: A — 1,200.07 million
PIB, 26 Oct 2024: Total Telephone Subscribers (Million) — wireless 1163.83, wireline 36.23, total 1200.07.
What was India's overall tele-density as on 31 August 2024, as per the data released on 26 October 2024?
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Correct answer: C — 85.43%
PIB, 26 Oct 2024: Overall Tele-density — total 85.43% (urban 132.94%, rural 59.05%).
How many subscribers submitted Mobile Number Portability (MNP) requests in August 2024, as per the data released on 26 October 2024?
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Correct answer: D — 14.66 million
PIB, 26 Oct 2024: in August 2024, 14.66 million subscribers submitted their requests for MNP; cumulative requests rose to 1025.78 million.
As per provisional ESIC payroll data released on 26 October 2024, how many new employees were added under the ESI Scheme in August 2024?
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Correct answer: B — 20.74 lakh
PIB, 26 Oct 2024: the provisional payroll data of ESIC reveals that 20.74 lakh new employees have been added in the month of August, 2024.
How many new establishments were brought under the ESI Scheme in August 2024 (PIB, 26 October 2024)?
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Correct answer: C — 28,917
PIB, 26 Oct 2024: 28,917 new establishments have been brought under the social security ambit of the ESI Scheme in August 2024.
Consider the following about ESIC payroll data for August 2024 (PIB, 26 October 2024): 1. About 47.68% of the new registrations belonged to the age group of up to 25 years. 2. Net enrolment of female members was 6.14 lakh. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB, 26 Oct 2024: 9.89 lakh employees, about 47.68% of the total, were aged up to 25 years (1 is correct). Net enrolment of female members was 4.14 lakh, not 6.14 lakh (2 is wrong).
On 26 October 2024, CBDT extended the due date for furnishing returns of income for AY 2024-25 (for assessees in clause (a) of Explanation 2 to section 139(1)) from 31 October 2024 to:
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Correct answer: B — 15 November 2024
PIB, 26 Oct 2024: CBDT extended the due date for AY 2024-25, which is 31 October 2024 for these assessees, to 15th November, 2024 (Circular No. 13/2024).
Which Livestock Census was launched in New Delhi on 25 October 2024?
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Correct answer: D — 21st
PIB, 25 Oct 2024: Union Minister Rajiv Ranjan Singh alias Lalan Singh launched the 21st Livestock Census in New Delhi today.
The 21st Livestock Census (launched 25 October 2024) is to cover about how many households?
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Correct answer: B — Over 30 crore
PIB, 25 Oct 2024: 21st Livestock Census to cover over 30 crore households; capture data on gender roles in livestock sector.
As notified (PIB, 25 October 2024), the maximum loan limit under the Pradhan Mantri Mudra Yojana was raised from ₹10 lakh to:
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Correct answer: B — ₹20 lakh
PIB, 25 Oct 2024: the limit of Mudra loans under PMMY has been enhanced from current Rs. 10 lakh to Rs. 20 lakh.
What is the name of the new Mudra loan category for loans above ₹10 lakh and up to ₹20 lakh (PIB, 25 October 2024)?
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Correct answer: C — Tarun Plus
PIB, 25 Oct 2024: the new category of Tarun Plus is for loans above Rs. 10 lakh and up to Rs. 20 lakh, for entrepreneurs who have availed and repaid previous Tarun loans.
Under which fund will guarantee coverage be provided for PMMY loans up to ₹20 lakh, as per the release of 25 October 2024?
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Correct answer: A — Credit Guarantee Fund for Micro Units (CGFMU)
PIB, 25 Oct 2024: the guarantee coverage of PMMY loans upto Rs. 20 lakh will be provided under the Credit Guarantee Fund for Micro Units (CGFMU).
The ₹1,000 crore Venture Capital Fund for the space sector approved by the Union Cabinet on 24 October 2024 is under the aegis of:
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Correct answer: B — IN-SPACe
PIB, 24 Oct 2024: the Union Cabinet approved setting up of Rs.1000 crore Venture Capital Fund dedicated to space sector, under aegis of IN-SPACe.
Approximately how many startups is the ₹1,000 crore space Venture Capital Fund (approved 24 October 2024) expected to support?
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Correct answer: D — 40
PIB, 24 Oct 2024: based on the investment range, the fund is expected to support approximately 40 startups.
What is the planned deployment period of the ₹1,000 crore space VC fund approved on 24 October 2024?
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Correct answer: A — Up to five years from the start of fund operations
PIB, 24 Oct 2024: the deployment period is planned to be up to five years from the actual date of start of the fund operations.
What is the indicative range of investment per company under the space VC fund approved on 24 October 2024?
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Correct answer: C — ₹10-60 crore
PIB, 24 Oct 2024: the indicative range of investment is proposed to be Rs.10-Rs.60 crore, contingent upon the stage of the company.
What is the total estimated cost of the two railway projects approved by the CCEA on 24 October 2024?
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Correct answer: C — About ₹6,798 crore
PIB, 24 Oct 2024: CCEA approved two railway projects with total estimated cost of Rs.6,798 crore (approx.).
The new railway line approved on 24 October 2024 to provide direct connectivity to Amaravati runs between:
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Correct answer: A — Errupalem and Namburu
PIB, 24 Oct 2024: construction of new line between Errupalem and Namburu via Amaravati covering 57 kms.
Consider the following about the railway projects approved on 24 October 2024: 1. Together they cover 8 districts in Andhra Pradesh, Telangana and Bihar. 2. The doubling project in north Bihar covers 157 km. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB, 24 Oct 2024: the two projects cover 8 districts in 3 states — Andhra Pradesh, Telangana and Bihar (1 is correct). The Narkatiaganj-Raxaul-Sitamarhi-Darbhanga & Sitamarhi-Muzaffarpur doubling covers 256 km, not 157 km (2 is wrong).
Which two Aspirational Districts will be served by the north Bihar doubling project approved on 24 October 2024?
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Correct answer: D — Sitamarhi and Muzaffarpur
PIB, 24 Oct 2024: the multi-tracking project will enhance connectivity to two Aspirational Districts (Sitamarhi and Muzaffarpur).
On 24 October 2024, NLC India Ltd signed agreements to form two power joint ventures with which state entity?
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Correct answer: C — Rajasthan Rajya Vidyut Utpadan Nigam Limited
PIB, 24 Oct 2024: NLC India Ltd entered into Joint Venture Agreements for formation of two JVs with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
What equity stake will NLCIL hold in each of the two joint ventures with RRVUNL announced on 24 October 2024?
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Correct answer: A — 74%
PIB, 24 Oct 2024: in both the Joint Ventures, NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%.
What milestone did Government e Marketplace (GeM) achieve with its MoU with Sikkim signed in Gangtok on 24 October 2024?
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Correct answer: B — Coverage of all States and UTs of India
PIB, 24 Oct 2024: with this MoU, GeM has achieved the coverage of all the States and UTs of India.
As of 23 October 2024, buyers from the Government of Sikkim had procured goods and services worth approximately how much through GeM (PIB, 24 October 2024)?
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Correct answer: C — ₹90 crore
PIB, 24 Oct 2024: as of 23rd Oct 2024, buyers from Government of Sikkim have done procurement worth approximately ₹90 crore.