Daily GK and Current Affairs Quiz - 16th January 2023
Daily GK and Current Affairs Quiz - 16th January 2023

Daily GK and Current Affairs Quiz – 16th January 2023

Today’s Current Affairs Quiz. Important Current Affairs Questions – January 2023. Monthly Current Affairs PDF. Latest Current Affairs Questions for Banking and Insurance Exams 2023. Welcome to the Let’s Study Together (LST) online Current Affairs section. If you are preparing for Banking & Insurance, SSC, Railways, and other competitive exams, you will come across a section on Current Affairs. Here we are providing you with the “Current Affairs Quiz – 16th January 2023″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz – 16th January 2023″ is also important for other banking exams such as LIC AAO, IBPS PO, IBPS Clerk, SBI PO/Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO, SSC, Railways and other competitive exams.

Current Affairs Quiz – 16th January 2023

In all Sarkari Exams/Govt Exams, Current Affairs Quiz which is asked generally framed on International News, National News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology, etc. To excel in the Current Affairs section of the competitive examinations you are required to cover Current Affairs Quiz in the above areas.

1. According to a report by Kotak Investment Banking released in January 2023, India ranked ___________ in terms of equity capital market activity in world in 2022.

  1. 1st
  2. 5th
  3. 10th
  4. 2nd
  5. None of these

Show Correct Answers

Correct Answer:  B. 5th

Explanation:  India was among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 percent. According to a report by Kotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market activity in India in 2022. Traditionally, India has rarely featured in the top 10 in terms of ECM activity.

2. The first G-20 Infrastructure Working Group (IWG) meeting under G20 India Presidency is scheduled to be held during 16th-17th January 2023 in-

  1. Pune
  2. Indore
  3. Bangalore
  4. Ahmedabad
  5. None of these

Show Correct Answers

Correct Answer:  A. Pune

Explanation:  The first G-20 Infrastructure Working Group (IWG) meeting under G20 India Presidency is scheduled to be held during 16th-17th January 2023 in Pune. The forum will bring together the IWG member countries, guest countries and international organisations invited by India to discuss the 2023 Infrastructure Agenda under the Indian G20 Presidency. The meeting will be hosted by the Department of Economic Affairs, Ministry of Finance, Government of India along with Australia and Brazil as the co- chairs The Indian G20 Presidency’s theme of ‘One Earth, One Family, One Future’ sets the tone for the 2023 Infrastructure Agenda under the 2023 Indian G-20 Presidency. The theme underlines the message of equitable growth and aptly ties up with the central agenda of the discussions which is building resilient, inclusive and sustainable urban infrastructure.

3. India has recently announced a donation of 12,500 doses of pentavalent vaccines to which of the following country-

  1. Sweden
  2. Cuba
  3. Vietnam
  4. Bangladesh
  5. None of these

Show Correct Answers

Correct Answer:  B. Cuba

Explanation:  India has announced donation of 12,500 doses of pentavalent vaccines to Cuba. Minister of State for External Affairs Meenakshi Lekhi announced this during her official visit to Cuba. This was her first visit to Cuba. During her visit, Ms. Lekhi had a fruitful interaction with Speaker of Cuban Parliament, Esteban Lazo Hernández. Both the leaders discussed various issues including, development of indigenous vaccines against Covid and woman empowerment. Ms. Lekhi apprised Mr. Hernández about policies of the government of India and emphasized on the need to further strengthen cooperation between the two Parliaments.

During the meeting with Acting Minister of External Relations of Cuba, Gerardo Peñalver Portal, both sides discussed issues of common interest and expressed willingness to enhance cooperation in development assistance programmes, trade and investment, energy, disaster management, culture, health and pharma, AYUSH, and biotechnology. Detailed discussions were also held on International Year of Millets 2023, sustainability and climate change.

4. Who among the following has bagged a gold medal in the 23rd National Sqay Championship in January 2023?

  1. Chahat Arora
  2. Swasti Singh
  3. Falak Mumtaz
  4. Anahat Singh
  5. None of these

Show Correct Answers

Correct Answer:  C. Falak Mumtaz

Explanation:  Falak Mumtaz, an 11-year-old girl from Jammu and Kashmir has bagged a gold medal in National Sqay Championship. Falak Mumtaz has achieved a gold medal in the National Sqay Championship which was held in Jammu. She is currently studying sixth standard at Aisha Ali Academy in Kulgam. The 23rd National Sqay Championship was organized by the SQAY Federation of India and hosted by Jammu and Kashmir SQAY Association at Indoor Stadium Bhagwati Nagar, Jammu. In the 23rd National Sqay Championship, players from all over Jammu and Kashmir performed very well and bagged 1st place in the overall medal tally. 11-year-old Falak Mumtaz won a gold medal at the 23rd National Sqay Championship. Andhra Pradesh bagged 2nd place and Odisha was in 3rd place.

  • The champion of champion title was lifted by Noor ul Haya of Jammu and Kashmir in the senior women’s category.
  • Hanaya Nisar, from Jammu and Kashmir lifted the title of Champion in the junior women’s category.
  • In the senior men’s category, Faizan Ahmad lifted the champion of champion title.
  • Chief Guest and Guest of Honour congratulated all the participants and winners in the closing ceremony.
  • Safeena Beigh, Chairperson of District Development Council Baramulla, and Dr. Pardeep Kumar (IAS) Director of Archives, Archeology, and Museums J&K Government were the Chief Guest.
  • Gazala Division Sports Officer (Central) J&J sports council, Junaid Mir President of Workers Party was the Guest of Honors at the 23rd National Sqay Championship.

5. Mongeet is a festival of music, poetry, art, craft, food, culinary techniques, indigenous herbs, and culture celebrated in which state-

  1. Assam
  2. Karnataka
  3. Tamil Nadu
  4. Andhra Pradesh
  5. None of these

Show Correct Answers

Correct Answer:  A. Assam

Explanation:  Mongeet is a festival of music, poetry, art, craft, food, culinary techniques, indigenous herbs, and culture celebrated in Majuli, Assam. The Mongeet festival started in the year 2020 as a movement of arts and music and it aims to nurture the upcoming musical talents of Assam. It was started by actor Adil Hussain and Kaushik Nath, an actor-director-turned-entrepreneur.

  • Mongeet festival will be held on 15th, 16th, and 17th January at Dekasang, Majuli and on 19th and 20th January at Dekasang, Sadiya.
  • This edition of the Mongeet festival will witness Montulika, a creative painting workshop, and Monmritikka, a special workshop on the rich art and sculpture of Assam.
  • It is the only festival from Assam that is designed to promote music, art, culture, and food.
  • This Festival aims to educate people about the culture of Assam and introduce the rich musicians of the state to the world.

The Mongeet festival gives a platform for the young talent of Assam to showcase their original music and be guided and mentored by musicians such as Papon, Joi Barua, Tarali Sharma, Kalyan Baruah, Dhrubajyoto Phukan, Anurag Saikia, and Nilotpal Bora. The founder of the Mongeet festival, Kaushik Nath noted that Mongeet welcomes all genres of music including hip-hop or rap, and rock. It has no age limit for musicians.

6. India’s forex reserves declined by USD 1.268 billion to ______________ for the week ended January 6, the Reserve Bank said.

  1. USD 661.583 billion
  2. USD 561.583 billion
  3. USD 461.583 billion
  4. USD 761.583 billion
  5. None of these

Show Correct Answers

Correct Answer:  B. USD 561.583 billion

Explanation:  India’s forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said. The overall reserves had increased by USD 44 million to USD 562.851 billion in the previous reporting week after two consecutive weeks of the slide. In October 2021, the country’s foreign exchange kitty reached an all-time high of USD 645 billion. The reserves had been declining as the central bank deployed the reserves to defend the rupee amid pressures caused by global developments. Foreign currency assets (FCA), a major component of the overall reserves, dropped by USD 1.747 billion to USD 496.441 billion during the week to January 6, according to the Weekly Statistical Supplement released by the RBI.

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 461 million to USD 41.784 billion. The Special Drawing Rights (SDRs) were up by USD 35 million to USD 18.217 billion, the apex bank said. The country’s reserve position with the International Monetary Fund (IMF) was down by USD 18 million to USD 5.141 billion in the reporting week, the data showed.

7. Recently, India’s trade deficit with China has reached beyond _____________for the first time.

  1. $300 billion
  2. $100 billion
  3. $150 billion
  4. $200 billion
  5. None of these

Show Correct Answers

Correct Answer:  B. $100 billion

Explanation:  Trade between India and China touched an all-time high of $136 billion in 2022, overtaking the $125-billion mark a year earlier even as New Delhi’s trade deficit with Beijing crossed the $100-billion mark for the first time despite frosty bilateral relations, according to data released by the Chinese customs.

  • China’s exports to India climbed to $119 billion, a year-on-year increase of 22%. During 2022, China’s imports from India dwindled to $17.5 billion, a year-on-year decline of 38%. The trade deficit for India stood at $101 billion, crossing the 2021 figure of $69.4 billion. In 2021, the overall trade with China totalled $126 billion, an increase of 43% year-on-year crossing the $100-billion mark for the first time. The trade deficit in 2021 stood at $ 69.6 billion as India’s imports from China witnessed an increase of 46% to reach $98 billion.
  • India’s exports to China increased by 3% year-on-year to reach $28 billion in 2021. The trade between the two countries continued to boom despite border tensions following the military standoff in eastern Ladakh in May 2020. According to an official brief posted on the Indian embassy website in Beijing, the rapid expansion of bilateral trade since the beginning of this century has propelled China to emerge as India’s largest goods trading partner by 2008.From 2015 to 2021, India-China bilateral trade grew by 75%, an average yearly growth of 13%, it said.

8. Which of the following has emerged as the top destination for mobile gamers as per MPL reports?

  1. Bihar
  2. Rajasthan
  3. Maharashtra
  4. Uttar Pradesh
  5. None of these

Show Correct Answers

Correct Answer:  D. Uttar Pradesh

Explanation:  Uttar Pradesh (UP) has emerged as the top location for mobile gamers, followed by Maharashtra, Rajasthan, Bihar, and West Bengal, according to the India Mobile Gaming Report 2022 issued by the gaming platform Mobile Premier League (MPL). According to the research, 36% of all games in the state were played in Lucknow, Kanpur, Varanasi, Ghaziabad, and Allahabad in Uttar Pradesh. The second year, 2022, saw Lucknow rank among the top cities and outperform all major cities.

  • Among the most popular games played by participants were Ludo Dice, Snakes and Ladders, Carrom, Fruit Dart, Block Puzzle, and Poker.
  • India overtook Japan as the top user of mobile games in 2016. The Indian gaming market was worth $2.6 billion in the fiscal year 2022 with over 15 billion downloads, and with a compound annual growth rate (CAGR) of 27%, it would increase to $8.6 billion by 2027.
  • Tier 2 and 3 cities have quickly risen to the top, unseating gaming hotspots like the metropolises like Mumbai and Bangalore thanks to the tremendous increase in mobile gaming and other online leisure activities.
  • Contrary to last year, when Delhi led the pack in user growth, metro areas don’t have any representation among the top 10 gaming cities.
  • This development demonstrates the widespread acceptance of mobile gaming outside of urban centres, according to the study.

9. According to the report titled, Global Economic Prospects Report, published by the World Bank, what would be the economic growth of India in FY23?

  1. 8.1%
  2. 6.3%
  3. 6.9%
  4. 7.2%
  5. None of these

Show Correct Answers

Correct Answer:  C. 6.9%

Explanation:  The World Bank has projected that India’s economy would grow 6.9% in FY23, which is much lower than the 8.7% growth achieved by the country in the previous financial year (FY2021/22). The World Bank has also predicted that global growth in 2023 would slow to 1.7% from the 3%. Elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine.

10. Miss USA, R’Bonney Gabriel (28) becomes the _______ Miss Universe 2022 which was organized in New Orleans, Louisiana.

  1. 74th
  2. 72nd
  3. 71st
  4. 70th
  5. None of these

Show Correct Answers

Correct Answer:  C. 71st

Explanation:  The United States candidate R’Bonney Gabriel has crowned Miss Universe 2022 at a ceremony held in New Orleans, Mexico. The crown was presented to her by India’s Harnaaz Kaur Sandhu who had won the 2021 title. She was handed a bouquet of flowers, draped in the winner’s sash and crowned with a tiara onstage at the 71st Miss Universe Competition. The second runner-up was Miss Dominican Republic, Andreina Martinez. Miss Curacao, Gabriela Dos Santos, and Miss Puerto Rico, Ashley Carino, rounded out the top five finalists.

Divita Rai of India reached the top 16, but she was unable to advance further. India’s participation in the 71st Miss Universe was restricted to the top 16 since she was unable to make it into the top 5. Ms. Rai, a native of Mangaluru, who could not make it to the top-5 cut, hails from a family in Thiruvail. Daughter of Dilip Rai and Pranita Rai, Ms. Divita studied in Mumbai. She was adjudged Liva Miss Diva Universe 2022 and got qualified for the Miss Universe contest. Only two Indians before Ms. Sandhu had won the title of Miss Universe— actors Sushmita Sen in 1994 and Lara Dutta in 2000.

11. Yuki Bhambri and Saketh Myneni is associated with which sports who recently won a tournament?

  1. Chess
  2. Tennis
  3. Table Tennis
  4. Badminton
  5. None of these

Show Correct Answers

Correct Answer:  B. Tennis

Explanation:  In tennis, the Indian team of Yuki Bhambri and Saketh Myneni won the men’s double Bangkok Open title 2023 organized at Nonthaburi, Thailand. They defeated Christopher Rungkat and Akira Santillan (Indonesian-Australian team). With this win, Yuki will get a career-high doubles rank of 90 and Saketh should also touch a career-best 74 in the ATP doubles chart. They will next compete in the Australian Open where they have been given a wild card entry.

12. According to SBI Research’s latest Ecowrap report, the retail inflation rate of India based on the Consumer Price Index would be at what percent by March 2023?

  1. 4%
  2. 3.5%
  3. 5%
  4. 5.5%
  5. None of these

Show Correct Answers

Correct Answer:  C. 5%

Explanation:  India’s retail inflation rate based on Consumer Price Index (CPI) is expected to remain below the Reserve Bank of India’s comfort zone of 6 per cent and will decline materially to 5 per cent by March 2023, said SBI Research in its latest Ecowrap report. Meanwhile, for January-March 2023, the average retail inflation is seen at 4.7 per cent.

  • According to the latest data released by the Ministry of Statistics, retail inflation was at 5.72 per cent in the month of December. The latest data showed a marginal decline and further moderation in retail inflation as compared with the last month.
  • In November, the retail inflation was at 5.88 per cent, while it was 6.77 per cent in the month of October. The retail inflation in the country had remained above 6 per cent till October for over three quarters, which was beyond the Reserve Bank of India’s comfort zone.

13. What is the theme for the 53rd edition of the World Economic Forum (WEF) annual meeting being held in Davos, Switzerland?

  1. The Great Reset
  2. Working Together, Restoring Trust
  3. Cooperation in a Fragmented World
  4. Creating a Shared Future in a Fractured World
  5. None of these

Show Correct Answers

Correct Answer:  C. Cooperation in a Fragmented World

Explanation:  The 53rd World Economic Forum (WEF) in Davos, Switzerland. The meeting will go on through January 20. The WEF meeting’s 2018 theme is “Cooperation in a Fragmented World.” The gathering of professionals, academics, investors, and political and commercial leaders will discuss and support creative solutions for some of the most serious problems confronting the world, such as the climate change, global inflation, and the Russia-Ukraine situation.

  • It is anticipated that global leaders would discuss their perspectives on the current state of the global economy.
  • The prospect of a recession, the cost of living crisis, and financial strain are expected to dominate the future for at least two years, according to the WEF’s annual Global Risks Report.
  • European Commission President Ursula von der Leyen, German Chancellor Olaf Scholz, President of the European Parliament Roberta Metsola, Presidents of South Africa Cyril M. Ramaphosa, Spain’s Pedro Sanchez, South Korea’s Yoon Suk-yeol, Switzerland’s Alain Berset, and Finland’s Sanna Marin are among the world leaders attending the meeting.
  • India’s top leaders are anticipated to take a significant part in the summit.

14. Nutrition company Herbalife Nutrition India Private Limited partnered with who among the following as a ‘nutrition sponsor’?

  1. PV Sindhu
  2. Deepika Kumari
  3. Mithali Raj
  4. Smriti Mandhana
  5. None of these

Show Correct Answers

Correct Answer:  D. Smriti Mandhana

Explanation:  Nutrition company Herbalife Nutrition India Private Limited is partnering with international women’s cricketer, Smriti Mandhana as a ‘nutrition sponsor’. She has had an incredible journey, taking the cricket world by storm with her batting performances. Currently, she is the vice captain of the Indian women’s national cricket team. Herbalife Nutrition has signed over 100 sponsorship deals with varied world-class athletes, teams and events. Multiple renowned Indian athletes like Virat Kohli, Mary Kom, Lakshya Sen, and Manika Batra have partnered up with Herbalife Nutrition.

  • Mandhana’s performance on the field made her the first Indian women cricketer to be recognized as the ICC Women’s ODI Cricketer of the Year in 2018.
  • The same year saw her winning the Rachael Heyhoe Flint Award, a feat she repeated in 2021.
  • Early on in her cricket career, she won BCCI’s MA Chidambaram Trophy for best woman cricketer for the year 2013-14.
  • She was also the only Indian player to be named in the ICC Women’s Team of the Year 2016.
  • She was also honoured with the Arjuna Award in 2019.

15. ______________, the founding day of Startup India is commemorated as National Startup Day.

  1. 14th January 2023
  2. 15th January 2023
  3. 16th January 2023
  4. 17th January 2023
  5. None of these

Show Correct Answers

Correct Answer:  C. 16th January 2023

Explanation:  16th January, the founding day of Startup India is commemmorated as the National Startup Day. The event is being celebrated since 2022. Prime Minister Narendra Modi made the announceent last year by calling startups as backbone of new India. The Central government has planned several events this year to celebrate the National startup day across the country as the part of the Azadi Ka Amrit Mahotsav. To celebrate the spirit of Indian startup ecosystem and mark this momentous day, DPIIT (Department for Promotion of Industry and Internal Trade) is organising Startup India Innovation Week from 10th – 16th January 2023.

The day is marked to encourage the spirit of entrepreneurship and promote the achievements of Indian startups. It is also commemorated to provide a platform for startup entrepreneurs to discuss innovation for India’s youth and their contribution to the economy. The motive behind encouraging the idea of entrepreneurship is to give a boost to schemes like Make-in-India.

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