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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

Correct answer

B. Paradip Port Authority

Explanation

The correct answer is the 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. Option A is wrong because the Visakhapatnam Port Authority was not named for this project, and Visakhapatnam lies in Andhra Pradesh rather than Odisha. Option C is wrong because the Kolkata Port Authority serves West Bengal and had no role in the announcement. Option D is wrong because the Chennai Port Authority is on the Tamil Nadu coast and was not mentioned. Paradip is the major port of Odisha, which is why the terminal at Puri in the same State has been placed with that authority, alongside the development of National Waterway No. 5 in the State.

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

Q1.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
Show answer
Correct answer: C. 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…

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.