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EconomyEasy

By 2047, the share of coastal and inland waterway shipping in India's freight movement is to be raised to which level?

  1. A.8 per cent
  2. B.10 per cent
  3. C.12 per cent
  4. D.20 per cent

Correct answer

C. 12 per cent

Explanation

The correct answer is 12 per cent. The Union Minister of Ports, Shipping and Waterways told the Consultative Committee meeting in Puri that the government is working to double the present share of coastal and inland waterway shipping in freight movement, which stands at 6 per cent, and that the doubling would take it to 12 per cent by the target year. Options A and B are wrong because neither 8 nor 10 per cent is double the existing share; the plan is stated as a doubling, not as a smaller increase along the way. Option D is wrong because 20 per cent would be more than three times the present level and no such goal was announced. The two proposed initiatives meant to achieve the shift are the Coastal Cargo Promotion Scheme and the Cruise Bharat Mission, which together are expected to create more than five lakh jobs.

Read the full article: Sonowal Plans to Double Coastal Freight Share to 12% by 2047

Q1.EconomyMedium

Which port authority will develop the Puri International Cruise Terminal with the Government of Odisha?

  1. A.Visakhapatnam Port Authority
  2. B.Paradip Port Authority
  3. C.Kolkata Port Authority
  4. D.Chennai Port Authority
Show answer
Correct answer: B. Paradip Port Authority

The Union Minister announced that the Puri International Cruise Terminal would be developed by the Paradip Port Authority in partnership with the Government of Odisha, and that the project was likely to cost about fifteen hundred crore rupees.

Q3.EconomyMedium

Where did Piyush Goyal deliver the keynote address in which he spoke of the USD 1 trillion export target?

  1. A.Young Leaders Discourse Forum, Kirori Mal College, New Delhi
  2. B.India International Trade Fair, New Delhi
  3. C.Indian Institute of Foreign Trade, Kakinada
  4. D.World Economic Forum, Davos
Show answer
Correct answer: A. Young Leaders Discourse Forum, Kirori Mal College, New Delhi

The Minister addressed students there, calling on them to be ambitious and reminding them that they would be in their forties when India marks 100 years of independence, so their choices would shape the country's future.

Q5.EconomyEasy

What is India's export target for the current year?

  1. A.USD 900 billion
  2. B.USD 950 billion
  3. C.USD 1 trillion
  4. D.USD 1.2 trillion
Show answer
Correct answer: C. USD 1 trillion

The Minister said India had deliberately chosen an ambitious export target for the current year, amounting to growth of about 16 per cent over the record of USD 863 billion achieved in the previous year, and that he was confident the country would get there.