CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which fund has been launched by the central government to promote the country’s export in future, to help MSMEs and other companies?
A
Rising Star fund
B
Axis Bluechip Fund
C
SBI Nifty Index Fund
D
Kotak Standard Multicap Fund
Explanation: 

Detailed explanation-1: -FM launches the Ubharte Sitaare Fund to support India’s Future Export Champions.

Detailed explanation-2: -MSMEs are veritably hailed as the backbone of the Indian economy as they contribute over 30% to the GDP. With almost 50% contribution to exports, they also form an integral part of the supply chain.

Detailed explanation-3: -MSMEs help reduce levels of poverty through job creation and economic growth, they are key drivers of employment, decent jobs and entrepreneurship for women, youth and groups in vulnerable situations.

Detailed explanation-4: -Ministry of Micro, Small & Medium Enterprises.

Detailed explanation-5: -It is estimated that in terms of value, MSME sector accounts for about 45% of the manufacturing output and around 40% of the total exports of the country. MSMEs play an important role in export promotion of the country.

There is 1 question to complete.