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    Question

    What is the objective of the three MoUs signed by the

    Khadi and Village Industries Commission (KVIC) with the Ministry of Micro, Small and Medium Enterprises in September 2023?
    A To increase taxes on Khadi products Correct Answer Incorrect Answer
    B To reduce the production of Khadi textiles Correct Answer Incorrect Answer
    C To modernize KVIC and promote its products among youth Correct Answer Incorrect Answer
    D To limit the availability of Khadi products Correct Answer Incorrect Answer
    E To close down KVIC operations Correct Answer Incorrect Answer

    Solution

    Khadi and Village Industries Commission (KVIC), Ministry of Micro, Small and Medium Enterprises inked three separate MoUs, and laid the foundation stone of 'Modern Khadi of New India'. The objective of these MoUs is to prepare a roadmap to modernize the Khadi and Village Industries Commission and popularize its products among the youth. About KVIC The Khadii and Village Industries Commission is a statutory body formed in April 1957 by the Government of India, under the Act of Parliament, 'Khadi and Village Industries Commission Act of 1956'. Founded: 1956                     Headquarters: Mumbai     Chairperson: Manoj Kumar

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