National Current Affairs MCQs

The celebrations commenced on March 12, 2021, marking 75 years since the Dandi March.

'Azadi Ka Amrit Mahotsav' is a celebration of 75 years of India's independence.

The policy explicitly aims to improve India's ranking in the Logistics Performance Index (LPI).

The policy's objective is to make India's logistics costs competitive on a global scale.

The policy is designed to improve efficiency, reduce costs, and streamline processes, leading to better supply chain management and potentially lower costs for consumers in the long run.

The Union Cabinet is the highest executive body of the Government of India and is responsible for approving major policies and decisions.

The National Logistics Policy aims to reduce logistics costs in India to be comparable with global benchmarks and improve the country's ranking in the Logistics Performance Index (LPI).

NPA refers to a loan or advance for which the principal or interest payment remained overdue for a specified period, typically 90 days.

Effective resolution of stressed assets ensures that capital is not locked up in unproductive loans, allowing for more efficient allocation to productive sectors of the economy.

By improving the management of stressed assets, the guidelines are expected to enhance the overall asset quality and financial stability of Indian banks.