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16th January Daily Current Affairs 2023: This article will help the candidates to know the 16 January 2023 Current Affairs which we have placed here in the questions and answers format. Study each and every question below in the Current Affairs 16 January 2023 section and get to know the respective answer and its explanation.
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Daily Current Affairs 16th January 2023 | Current Affairs Quiz
1. Which regulatory body allows AIFs to participate in CDS transactions; allows MFs to switch from Active to Passive ELSS schemes
A. SEBI
B. SIDBI
C. NABARD
D. None of the above
Ans: A
Explanation –SEBI allows AIFs to participate in CDS transactions; allows MFs to switch from Active to Passive ELSS schemes.
2. Which bank sanctioned 150 Agri Drone Loans for Garuda Kisan Drones under AIF?
A. UBI
B. SBI
C. NABARD
D. HDFC
Ans: A
Explanation – Chennai-based Drone Startup, Garuda Aerospace Pvt Ltd, partnered with the Union Bank of India (UBI). Under this partnership, 150 Garuda Agri Kisan drones have received sanction for Loan under the Union Kisan Pushpak Scheme.
3. Retail Inflation Eases to ______ Low of 5.72% in December 2022.
A. Two-Year
B. Three-Year
C. One-Year
D. Four-Year
Ans: C
Explanation – Retail Inflation Eases to a One-Year Low of 5.72% in December 2022. According to data provided by the Ministry of Statistics and Programme Implementation (MOSPI), Retail Inflation as measured by the Consumer Price Index (CPI) decreased to a one-year low of 5.72% in December 2022.
4. UAE Names ________ as COP28 Climate President.
A. Sultan al-Jaber
B. Mire Wirth
C. Richard Kinder
D. Ryan Lance
Ans: A
Explanation – The United Arab Emirates (UAE) has named Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of UAE and Group Managing Director & Chief Executive Officer (CEO) of the Abu Dhabi National Oil Company (ADNOC), as President of the COP28 climate summit.
5. The Indian Coast Guard Ship (ICGS) “Kamla Devi,” the fifth and last vessel in the series of fast-patrol vessels (FPVs), was commissioned in which Place?
A. Vishakhapatnam
B. Srikakulam
C. Kolkata
D. Kakinada
Ans: C
Explanation – The Indian Coast Guard Ship (ICGS) “Kamla Devi,” the fifth and last vessel in the series of fast-patrol vessels (FPVs), was commissioned in Kolkata, West Bengal.
6. Which state attracts investments worth Rs 76,867 Crores Ahead of UPGIS 2023?
A. Karnataka
B. Uttar Pradesh
C. Tamil Nadu
D. Kerala
Ans: B
Explanation – The Government of Uttar Pradesh (UP) has received investment offers worth Rs. 76,867 crores from across India and signed 79 Memorandums of Understanding (MoUs) ahead of the Uttar Pradesh Global Investors Summit (UPGIS) 2023.
7. Apax Partners Sells its Entire Stake in which Finance Institution?
A. Shriram Finance
B. Muthoot Finance
C. Tata
D. None of the Above
Ans: A
Explanation – Apax Partners Sells its Entire Stake in Shriram Finance. Private equity player Apax Partners’ subsidiary Dynasty Acquisition is likely to sell its entire stake, up to 1.73 crores shares or 4.63 percent stake, in Shriram Finance through a block deal. As per the report, Apax will offer up to a 6 percent discount on deals.
8. The Centre is set to launch a ________ National Urban Technology Mission, which will infuse technological innovations in municipal services and infrastructure of 4,500 urban local bodies in the country.
A. Five-year
B. Two-year
C. Three-year
D. Four-year
Ans: A
Explanation – The Centre is set to launch a five-year National Urban Technology Mission, which will infuse technological innovations in municipal services and infrastructure of 4,500 urban local bodies in the country.
9. Consider the following statements. Choose the correct option.
1. According to a new study by Oxfam International, the richest 1% of people in India now own more than 40% of the country’s total wealth, while the bottom half of the population together share just 3% of the wealth.
2. The study, titled “Survival of the Richest,” was released on the first day of the World Economic Forum Annual Meeting.
A. Both 1 & 2 are Correct
B. Only 1
C. Only 2
D. Neither 1 nor 2
Ans: A
Explanation – According to a new study by Oxfam International, the richest 1% of people in India now own more than 40% of the country’s total wealth, while the bottom half of the population together share just 3% of the wealth. The study, titled “Survival of the Richest,” was released on the first day of the World Economic Forum Annual Meeting.
10. What are the pressing issues that will be discussed in the World Economic Forum (WEF) meeting?
A. Russia-Ukraine war
B. Global Inflation
C. Climate Change
D. All the Above
Ans: D
Explanation – The World Economic Forum (WEF) meeting is set to begin in Davos on Monday, January 16, bringing together world leaders to discuss pressing issues such as the Russia-Ukraine war, global inflation, and climate change.
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