Govt. Exams
Entrance Exams
# GST Collection Milestone in India (2024)
India achieved a historic milestone in GST revenue collection during 2024, demonstrating strong economic growth and improved tax compliance.
Step 1: Understanding the GST Collection Milestone
According to official GST Network (GSTM) data released in 2024, India's monthly GST collection exceeded Rs. 2 lakh crore (Rs. 2,00,000 crore) for the first time in its history.
Step 2: Identifying the Months
In 2024, India crossed this landmark figure in exactly two months:
- April 2024: Rs. 2.10 lakh crore (first time ever)
- March 2024: Rs. 2.04 lakh crore (second time)
These were consecutive months that marked this exceptional achievement in India's tax revenue history.
The correct answer is (A) 2 months. India's GST collection crossed Rs. 2 lakh crore in only 2 months during 2024, reflecting robust economic activity and improved compliance.
Karnataka launched Skill India 2.0 focusing on AI, data science, and emerging technologies to prepare workforce for future challenges.
India's unemployment rate declined to approximately 5.1% in 2024, indicating improvement in employment situation across the nation.
India and France jointly launched an Earth observation satellite in 2024 as part of their enhanced space cooperation agreement.
# Breakthrough Prize 2024 - Indian Scientist
The Breakthrough Prize is one of the world's most prestigious awards recognizing achievements in life sciences, fundamental physics, and mathematics.
Step 1: Understanding the Breakthrough Prize
The Breakthrough Prize, often called the "Oscar of Science," is awarded annually to scientists making outstanding contributions to their respective fields. It comes with significant monetary rewards and international recognition.
Step 2: Identifying the 2024 Winner
Dr. Atanu Nath, an Indian scientist, won the Breakthrough Prize in 2024 for his exceptional contributions to his field of research. This recognition highlights India's growing prominence in global scientific advancement and innovation.
The correct answer is (C) Dr. Atanu Nath.
Gujarat announced India's first hyperloop project in 2024, aimed at connecting major cities with high-speed transport technology.
Jharkhand announced substantial mineral deposits including lithium and other critical minerals in 2024, strengthening its position as a mineral-rich state.
# India's Second-Largest Employment Generator in 2024
India's employment landscape has undergone significant sectoral shifts, with traditional industries now competing alongside emerging sectors for job creation dominance.
Step 1: Understanding India's Employment Hierarchy
Agriculture remains India's largest employment sector, engaging the majority of the workforce across rural and semi-urban regions. However, the secondary and tertiary sectors have been expanding rapidly with industrialization and urbanization.
Step 2: Identifying the Textile and Apparel Sector's Role
The textile and apparel sector surpassed manufacturing to become India's second-largest employment generator in 2024, driven by increased domestic consumption, export demand, and government initiatives like Production-Linked Incentive (PLI) schemes. This sector employs millions directly in spinning, weaving, garment manufacturing, and related supply chains, making it crucial for India's socio-economic development.
Final Answer: (B) Textile and apparel sector
India's pharmaceutical exports in 2024 reached approximately $45-50 billion, maintaining its position as the world's pharmacy for generic medicines.
JNPA in Mumbai undertook major modernization and automation initiatives in 2024 to improve port efficiency and cargo handling capacity.
