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16th February Daily Current Affairs 2023: This post contains 16 February 2023 Daily Current Affairs. Candidates who are going to paper for various competitive exams can make use of this article, as we have included Daily Current Affairs for UPSC IAS in this article. This article definitely helps you to get more latest Daily Current Affairs Quiz. Immediately, got through the below sections to get the Daily Current Affairs 16 February 2023. And, for your better understanding, we have provided an explanation for each and every question of Daily Current Affairs IAS mentioned below.
Current Affairs Quiz 16th February 2023 | GK Quiz Updates
1. Which city did Boeing choose to open its first engineering and technology center in India?
A. Mumbai
B. Bangalore
C. Delhi
D. Kolkata
Ans: B
Explanation – Boeing chose the city of Bangalore to open its first engineering and technology center in India. This center was established in 2008 and is one of the largest Boeing engineering centers outside the United States.
2. When was the Sadbhavana Operation launched in Ladakh?
A. 1991
B. 1996
C. 2002
D. 2007
Ans: B
Explanation – As part of Operation SADBHAVANA, the Indian Army is conducting various welfare activities, such as running Army Goodwill Schools, infrastructure development projects, and educational tours for children residing in the remote areas of the Union Territory (UT) of Ladakh and Jammu & Kashmir.
3. When did EbixCash enter into a partnership with the National Payments Corporation of India (NPCI) to enable Unified Payments Interface (UPI) transactions?
A. 2016
B. 2017
C. 2018
D. 2019
Ans: C
Explanation – EbixCash is not a company’s first entry into India, but rather it is the rebranded name of a company that has been operating in India for several years. The company was formerly known as ItzCash Card Ltd., which was established in 2006 and was India’s first multi-purpose prepaid card. In 2017, Ebix, a US-based software company, acquired a majority stake in ItzCash Card Ltd. and subsequently rebranded the company as EbixCash in 2018.
4. What is ADRIN?
A. A technology company
B. A government agency
C. An educational institution
D. A non-profit organization
Ans: B
Explanation – The Advanced Data Processing Research Institute (ADRIN), which is a part of the ISRO, has signed an MoU with the Indian Army for the joint development of a software-defined radio (SDR) system for use in tactical communication. The SDR system will be designed to provide secure, reliable, and high-quality communication for the Indian Army in various operational scenarios.
5. Which company developed the SURAJ drone?
A. Indian Space Research Organisation (ISRO)
B. National Aeronautics and Space Administration (NASA)
C. Garuda Aerospace
D. Microsoft
Ans: C
Explanation – Garuda Aerospace, an Indian drone manufacturing company, recently unveiled its latest innovation – a solar-powered drone named SURAJ. The drone is designed to fly for longer durations without needing to recharge its batteries, making it ideal for use in various sectors such as agriculture, environmental monitoring, and disaster management.
6. Who is David Malpass?
A. The CEO of Amazon
B. The President of the World Bank
C. The Prime Minister of Canada
D. The Governor of the Reserve Bank of India
Ans: B
Explanation – David Malpass, the President of the World Bank, has announced his decision to resign from his position almost one year ahead of schedule. During his tenure, Malpass faced criticism and questions regarding his stance on climate change. Malpass, who had previously served in various positions under the Republican administrations in the US, was appointed to the role in 2019 by former US President Donald Trump.
7. Explain what Transfer Pricing Rules are?
A. Rules that regulate the movement of goods and services between countries
B. Rules that determine the value of goods and services transferred between related parties
C. Rules that govern the international taxation of goods and services
D. Rules that limit the transfer of intellectual property across borders
Ans: B
Explanation – Transfer Pricing Rules are a set of regulations that determine the value of goods and services transferred between related parties, such as subsidiaries of the same multinational corporation located in different countries. These rules aim to ensure that the prices at which goods and services are transferred are fair and reasonable, and reflect the prices that would be paid in a transaction between unrelated parties. The objective of these rules is to prevent tax evasion by multinational corporations and to promote fair competition in the global marketplace.
8. What is Khelo India Winter Games?
A. A biennial event that promotes indigenous sports in India
B. An annual event that focuses on popular sports like cricket and football
C. A national event that promotes winter sports in India
D. An international event that showcases India’s cultural diversity
Ans: C
Explanation – Khelo India Winter Games is a national-level sporting event that promotes winter sports in India. It is an initiative by the Government of India to encourage and nurture young talent in the field of winter sports. The event is a part of the Khelo India programme, which was launched in 2018 to identify and support grassroots-level sporting talent in the country.
9. What is the FIFA World Cup confirmation related to the US, Canada, and Mexico?
A. The hosting rights for the 2026 edition of the World Cup
B. The cancellation of the 2022 edition of the World Cup
C. The announcement of a new expansion to the World Cup format
D. The awarding of the next Women’s World Cup to the three countries
Ans: A
Explanation – The FIFA World Cup confirmation related to the US, Canada, and Mexico is that the three countries have been awarded the hosting rights for the 2026 edition of the World Cup. This will be the first time that the tournament will be hosted by three countries. The decision was announced by FIFA in June 2018 after a vote by the member associations. The United States will host 60 of the 80 matches, while Canada and Mexico will host 10 each.
10. What is the meaning of PACS in the context of the news?
A. A type of agricultural equipment
B. A form of government subsidy for farmers
C. A cooperative society for farmers
D. A type of fertilizer used in agriculture
Answer: C
Explanation – The Indian Cabinet has approved a plan to set up 2 lakh Primary Agriculture Cooperative Societies (PACS) in the country over the next five years. This initiative is aimed at strengthening the agricultural cooperative movement in the country and empowering farmers at the grassroots level.
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