Answer: B

Explanation:

Today on 7th of August, the 10th National Handloom Day is celebrated in New Delhi, where Vice President Jagdeep Dhankar will confer Sant Kabir Awards and National Handloom Awards to handloom weavers and he will also release the catalogue and Coffee Table Book "Parampara: Sustainability in Handloom Traditions of India." The National Handloom Day has been celebrated annually on August 7th since 2015. The day was inaugurated in 2015 by Prime Minister Narendra Modi to honour the contributions of handloom weavers and promote handloom products both domestically and internationally. Hence, statements 1 and 2 are correct.

This Day has its roots in the Swadeshi Movement, which began on August 7, 1905, as a response to the British partition of Bengal. The theme for National Handloom Day 2024 is 'Weaving Sustainable Future' and revolves around the importance of sustainable fashion and eco-friendly choices. Hence, statement 3 is incorrect.

Answer: A

Explanation:

Recently, Home Minister of India stated that while the Union government is open to adopting successful state models, "no State will like to implement the West Bengal model" for controlling left-wing extremism (LWE). Wing Extremism, also known as Naxalism or Maoism, is a political ideology and armed insurgency movement. It aims to bring about radical social and economic change through the overthrow of existing governments. Hence, statement 1 is correct.

The left-wing extremism movement in India originated from a 1967 uprising in Naxalbari, West Bengal. The affected areas in India are concentrated in central and eastern India, often referred to as the "Red Corridor." Hence, statement 2 is incorrect.

Answer: A

Explanation:

Recently, the Cotton Textiles Export Promotion Council reported that the crisis in Bangladesh could affect India's textile exports, which amounted to $1.7 billion, or 17% of total exports, last fiscal. The Cotton Textiles Export Promotion Council (TEXPROCIL) is an autonomous, non-profit body. It was established in 1954, dedicated to the promotion of cotton textiles exports from India. Hence, statement I is correct.

The Cotton Textiles Export Promotion Council organizes international trade fairs, Buyer Seller Meets and trade delegations. It also provides market updates and forecasts and defends Indian exporters from non-tariff barriers and anti-subsidy investigations. Hence, statement II is correct.

Here, statements I and II both are correct and statement II is the correct explanation of statement I. Hence, option (a) is correct.

Answer: C

Explanation:

An Indian start-up lobby has accused Google of anti-competitive practices in online advertising, escalating tensions between new firms and tech giants. Antitrust Law is also known as Competition Law. It aims to prevent unfair restraints, monopolies and price-fixing in trade and commerce. Hence, statement 1 is correct.

Antitrust Law’s goal is to ensure fair competition in an open-market economy. It replaced the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act). Hence, statement 2 is correct.

Answer: A

Explanation:

Recently, the Chief Minister of Haryana announced the procurement of all crops in the state at minimum support price and the waiving of Rs 133 crore in outstanding canal water irrigation charges. Thus, this state has become the first in the country to procure all crops at MSP. Hence, option (a) is correct.