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EconomyHard

Under the migration agreement cited by Goyal, how many Indians a year does Germany require?

  1. A.30,000
  2. B.50,000
  3. C.90,000
  4. D.1,20,000

Correct answer

C. 90,000

Explanation

The correct answer is 90,000. Recalling a conversation with the German Foreign Minister about the migration agreement between India and Germany, Piyush Goyal said the arrangement carries a requirement of 90,000 Indians a year, and that he was told Germany in fact needed substantially more Indian talent than that. He used the example to argue that Indian skills are winning wider international recognition, pointing as well to Indians holding senior positions in Fortune 500 companies and working on advanced technologies. The other options are of a believable order but none is the number he mentioned. The Minister also said German research institutions, some of them employing between twelve and thirty thousand people, were working closely with private firms and had expressed interest in collaborating with India, which he attributed to trust between the two countries and to confidence in India's talent, fair play and equal opportunity.

Read the full article: India's Nine Trade Pacts Open USD 60 Trillion Market

Q2.EconomyMedium

What target has been set for India's space economy, according to the Commerce and Industry Minister?

  1. A.USD 20 billion by 2030
  2. B.USD 44 billion by 2033
  3. C.USD 60 billion by 2035
  4. D.USD 100 billion by 2040
Show answer
Correct answer: B. USD 44 billion by 2033

Piyush Goyal said India's space economy was valued at USD 8.4 billion at the time of his address and had the potential to reach USD 44 billion by that year, a prospect he linked to the opening of the space sector to private participation.

Q4.EconomyEasy

Under which ministry does the Chief Labour Commissioner (Central) function?

  1. A.Ministry of Labour and Employment
  2. B.Ministry of Corporate Affairs
  3. C.Ministry of Skill Development and Entrepreneurship
  4. D.Ministry of Heavy Industries
Show answer
Correct answer: A. Ministry of Labour and Employment

The office of the Chief Labour Commissioner (Central) works under this ministry, and the Assistant Labour Commissioner (Central) at Jalandhar, whose conciliation produced the settlements at UltraTech, Bathinda, functions under that office.