CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has partnered with the Ministry of Culture to set up Atmanirbhar Bharat Centre for Design (ABCD) at Red Fort to promote GI products of the country?
A
Bank of Baroda
B
State Bank of India
C
Bank of Maharashtra
D
Punjab National Bank
Explanation: 

Detailed explanation-1: -SBI-NCF-IGNCA sign MoU for Development of Atmanirbhar Bharat Centre for Design at Red Fort, Delhi.

Detailed explanation-2: -UPSC Mains Q. Which Indian bank sponsors the ‘Atmanirbhar Bharat Centre of Design (ABCD)’? Notes: A tripartite MoU has been signed between State Bank of India, Indira Gandhi Centre for the Arts and National Culture Fund for developing ‘Atmanirbhar Bharat Centre for Design’ at Red Fort, Delhi.

Detailed explanation-3: -Detailed Solution. The correct answer is State Bank Of India. A tripartite MoU has been signed between SBI, Indira Gandhi Centre for the Arts, and National Culture Fund for the development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, Delhi.

Detailed explanation-4: -These schemes and programmes inter alia include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises - Cluster Development Programme (MSE-CDP), etc.

Detailed explanation-5: -Recently, an agreement was signed between the State Bank of India(SBI), Indira Gandhi Centre for the Arts(IGNCA) and National Culture Fund (NCF) for the development of Atmanirbhar Bharat Centre for Design(ABCD) at Red Fort, Delhi.

There is 1 question to complete.