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EconomyMedium

How many coir units are registered on the Udyam registration portal, and how many people do they employ?

  1. A.Over 11,000 units, employing 1.2 lakh persons
  2. B.Over 21,000 units, employing 2.3 lakh persons
  3. C.Over 31,000 units, employing 4.5 lakh persons
  4. D.Over 51,000 units, employing 8.1 lakh persons

Correct answer

B. Over 21,000 units, employing 2.3 lakh persons

Explanation

The correct answer is over 21,000 units, employing 2.3 lakh persons. Bringing these units on to the Udyam registration portal places them inside the formal MSME policy system, so they can reach the credit, training and market support the government offers. The figures in options A, C and D are not the ones recorded for the sector and are therefore wrong. The same count of more than 21,000 units is also cited for the sector as a whole, where direct and indirect employment runs to over 7 lakh workers, 80% of them women from rural households, which shows how large the indirect workforce is beside the registered payroll. Other gains of the same period include training for over 68,000 persons, more than 80% of them women, over 150 new machines, technologies and value-added products, and help for more than 850 entrepreneurs under Export Market Promotion.

Read the full article: Coir Exports Up 305% in Ten Years to ₹6,614.40 Crore

Q3.EconomyMedium

The Coir Vikas Yojana (CVY) is a central sector scheme of which Union ministry?

  1. A.Ministry of Textiles
  2. B.Ministry of Agriculture and Farmers’ Welfare
  3. C.Ministry of Commerce and Industry
  4. D.Ministry of Micro, Small and Medium Enterprises
Show answer
Correct answer: D. Ministry of Micro, Small and Medium Enterprises

The scheme funds the development of machines, technologies and products, conducts skill training and promotional work, pushes sales in domestic as well as overseas markets, creates awareness through publicity and trade fairs, gives financial help to lift sales, takes exporters to international exhibitions and compiles the sector’s statistics.

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Q4.EconomyHard

Which Act governs the auction of India's offshore mineral blocks?

  1. A.The Mines and Minerals (Development and Regulation) Act, 1957
  2. B.The Offshore Areas Mineral (Development and Regulation) Act, 2002
  3. C.The Territorial Waters Act, 1976
  4. D.The Coastal Regulation Zone Act, 2011
Show answer
Correct answer: B. The Offshore Areas Mineral (Development and Regulation) Act, 2002

This framework is meant to keep the allotment of sea bed mineral resources transparent and to push systematic exploration of the country's offshore potential.

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Q5.EconomyMedium

Which institution is the transaction adviser for the offshore mineral block auction?

  1. A.Geological Survey of India
  2. B.SBI Capital Markets Limited
  3. C.MSTC
  4. D.National Mineral Exploration and Development Trust
Show answer
Correct answer: B. SBI Capital Markets Limited

The correct answer is SBI Capital Markets Limited, which acts as the transaction adviser and explained the policy framework, the auction process and the bidding requirements at the outreach programme.

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