India is considering signing a Preferential Trade Agreement (PTA) with which nation?

Oman

Yemen

Hungary

Uzbekistan

Correct Answer : Oman

The Union Minister of Commerce and Industry, "Piyush Goyal" informed on May 12, 2022 that India may consider negotiating a preferential trade agreement (PTA) with Oman. If the proposed trade deal goes through, Oman would be the second Gulf Cooperation Council (GCC) after the UAE to have a trade agreement with India.

Experts have said that gulf nations are working to diversify away from the conventional oil-based economy to modern financial sectors and free trade agreements (FTAs) are part of the effort to do so.

India is also negotiating a trade agreement with the GCC which includes UAE, Oman, Bahrain, Kuwait, Qatar and Saudi Arabia. Oman will also be part of the negotiations for a trade agreement that India is having with the GCC countries..

Source : Live Mint

Published On : May 12, 2022

Recently Updated Current Affairs

Q .

Which state/UT had the highest percentage of women electors in the 2024 Lok Sabha Elections?

Kerala

Tamil Nadu

Puducherry

Andhra Pradesh

Correct Answer : Option (C) - Puducherry

* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors.

* This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process.

* The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.

Published On : December 31, 2024

Q .

Which country's parliament impeached Acting President Han Duck-soo on December 27, 2024?

Laos

Japan

Thailand

South Korea

Correct Answer : Option (D) - South Korea

* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court.

* This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law.

* The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached.

* The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.

Published On : December 31, 2024

Q .

Where is the Kagyed Dance Festival, a significant Buddhist celebration, prominently held?

Ladakh

Sikkim

Himachal Pradesh

Arunachal Pradesh

Correct Answer : Option (B) - Sikkim

* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok.

* Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity.

* Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.