Today GK, 2023 Latest General Knowledge Questions, Daily GK 2022

1 .

Who announced retirement from Formula One racing at the end of the season(2022)?

A)

Sebastian Vettel

B)

Daniel Ricciardo

C)

Fernando Alonso

D)

Sergio PÃ©rez

Correct Answer : Sebastian Vettel

35-year-old German racing driver "Sebastian Vettel" has retired from Formula One racing at the end of the season.

Vettel won four Formula One World Championships between 2010 and 2013 while competing for Red Bull and previously spent six seasons with Ferrari.

In the Abu Dhabi Grand Prix 2022 Sebastian Vettel finished in 10th place, the last one of his career. Vettel received a guard of honour from his fellow competitors before the race.

Sebastian Vettel :

* Vettel started his Formula One career as a test driver for BMW Sauber in 2006, making a one-off racing appearance in 2007.

* As part of the Red Bull Junior Team, Vettel appeared for Toro Rosso later that year and was kept as a full-time driver for 2008.

* Vettel was promoted to Red Bull in 2009. With Red Bull, Vettel won four consecutive titles from 2010 to 2013, the first of which made him the sport’s youngest World Champion.

* In 2013, he set the record for the most consecutive race wins with nine.

* Vettel signed for Ferrari for 2015 replacing Fernando Alonso and became Mercedes’ and Lewis Hamilton’s closest challenger in two title fights in 2017 and 2018, although he finished both years as runner-up.

* He parted ways with Ferrari at the end of the 2020 season to race with Aston Martin for the 2021 and 2022 seasons, before announcing his plans to retire from Formula One at the end of the 2022 season..

Source : Mint

Published On : November 23, 2022

2 .

How many golds did India win in the 15th Asian Championship held in South Korea?

A)

18 Gold Medals

B)

21 Gold Medals

C)

25 Gold Medals

D)

27 Gold Medals

Correct Answer : 25 Gold Medals

In Shooting, a dominant India ended their campaign at 15th Asian Airgun Championships in South Korea with a rich haul of 25 gold medals, including the two available on the final day 19th Nov 2022.

* Indian Pair of Manu Bhaker and Samrat Rana won the 10 meter Junior Air Pistol Mixed Team event.

* Bhaker and Rana shot 578 in the qualification to finish second behind Uzbekistan’s Nigina Saidkulova and Mukhammad Kamalov, who shot 579.

* However, the Indian duo turned the tables on the Uzbeks in the final with a crushing 17-3 victory.

* The Indian pair of Rhythm Sangwan and Vijayveer Sidhu clinched the yellow metal in the corresponding senior event. Sangwan and Sidhu completely outshot Kazakhstan’s Valeriy Rakhimzhan and Irina Yunusmetova 17-3 in the Air Pistol Mixed Team final.

* Sangwan and Sidhu completely outshot Kazakhstan’s Valeriy Rakhimzhan and Irina Yunusmetova 17-3 in the Air Pistol Mixed Team final.

* They had topped the qualification round with a score of 579 with the Kazakhs finishing second with 577, thereby setting up the gold medal clash. In a show of complete dominance, India won 25 out of the 28 events in the competition scheduled over eight days..

Source : AIR

Published On : November 23, 2022

3 .

CRISIL Revises India's GDP Forecast for FY23 Down From 7.3% to what percentage?

A)

7.1%

B)

7%

C)

6.4%

D)

6%

Correct Answer : 7%

CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously.

* The credit rating agency said this is primarily because the slowdown in global growth has started to impact India’s exports and industrial activity.

* Crisil downgraded the India growth forecast by 30 bps to 7 per cent while ICRA pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23. This is mainly due to the ripple effect of slowdown in global growth and mixed crop output.

* “We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.

* This will test the resilience of domestic demand,” Crisil chief economist Dharmakirti Joshi said.

* Aditi Nayar, his counterpart at Icra, in her report pencilled a 6.5 per cent growth in Q2 of the current fiscal, nearly half of the year-ago quarter when the economy had clipped at 12.7 per cent, but which is still a tad higher than the monetary policy committee’s September forecast of 6.3 per cent and at 6.5 per cent in gross value added (GVA) less than half of 13.5 per cent a year ago.

Main Causes For This Downturn : The lower numbers to the mixed crop output trends revealed by the advance estimates of kharif production, adverse input cost movements for certain sectors with a higher fuel intensity, as well as the impact of the flagging external demand on non-oil merchandise exports, which whittled down the gains from robust demand for contact-intensive services, healthy capital spending by government and pre-festive season stocking of goods.

* Paring growth forecast only by 30 bps as domestic demand still remains supportive, helped by a catch-up in contact-based services, government capex, relatively accommodative financial conditions, and overall normal monsoons for the fourth time in a row.

* The ripple effect of the global slowdown will be felt more next fiscal, which will put domestic demand under pressure as interest rate hikes get transmitted more to consumers, and the catch-up in contact-based services fades.

About The GDP Components : GDP growth over the pre-Covid levels is expected to double to around 8 per cent in Q2 relative to 3.8 per cent seen in the previous quarter. The agency estimates the sectoral growth in Q2 to be driven by the services sector (9.4 per cent), with a subdued trend foreseen for the industry (2 per cent), and agriculture, forestry and fishing (2.5 per cent).

* Despite the markdown in near-term growth, the country is expected to remain a growth outperformer over the medium-run, and expected GDP growth to average 6.6 per cent between fiscals 2024 and 2026, compared to the 3.1 per cent global growth forecast by the International Monetary Fund.

* China (4.5 per cent growth estimated for 2023-25), Indonesia (5.2 per cent), Turkey (3 per cent) and Brazil (1.6 per cent)..

Source : The Hindu Businessline

Published On : November 23, 2022

4 .

Goldman Sachs reduces India's GDP growth to ____ in 2023.

A)

5.9%

B)

6.4%

C)

6.8%

D)

7.2%

Correct Answer : 5.9%

Goldman Sachs expects India's economic growth to slow to 5.9% in 2023, from an estimated 6.9% growth in 2022, as the boost from the post-COVID reopening fades and monetary tightening weighs on domestic demand.

* "We expect growth to be a tale of two halves in 2023, with a slowdown in the first half (due to dwindling reopening effects)," Santanu Sengupta, India economist at Goldman Sachs, said on Sunday(20th Nov 2022).

* India's growth in the seven months since March 2022, which Goldman Sachs considers the post-COVID reopening, was faster than most other emerging markets in the first seven months after they reopened, the U.S. investment bank said.

* "In the second half, we expect growth to re-accelerate as global growth recovers, the net export drag declines, and the investment cycle picks up," Sengupta said.

* The Reserve Bank of India (RBI), last week, pegged the domestic growth rate at 7% for 2022-23.

* Sengupta expects the government to continue its focus on capital spending and sees signs of the nascent investment recovery continuing, with conducive conditions helping the economy pick up in the second half.

* Goldman Sachs expects headline inflation to drop to 6.1% in 2023, from 6.8% in 2022, saying government intervention was likely to cap food prices and that core goods inflation had probably peaked..

Source : Business Today

Published On : November 22, 2022

5 .

Who has been given UNESCO Madanjeet Singh Prize for 2022?

A)

Franca Ma-ih Sulem Yong

B)

Francois Hollande

C)

Ellen Johnson Sirleaf

D)

Giuseppina Maria Nicolini

Correct Answer : Franca Ma-ih Sulem Yong

The UNESCO-Madanjeet Singh Prize for the Promotion of Tolerance and Non-Violence, for this 2022 Edition, has been given to Franca Ma-ih Sulem Yong from Cameroon, President of the NGOs #Afrogiveness and Positive Youths Africa. She received the Prize at an official ceremony held on 15 November 2022 at UNESCO Headquarters in Paris.

As a journalist for seven years, Franca Ma-ih Sulem Yong has strived for changing the way mental illness is viewed and represented in society.

Trained in art therapy and psychology, she and became the founder and president of two NGOs : Afrogiveness Movement (#Afrogiveness) and Positive Youths Africa (PYA).

Both NGOs are peace education initiatives. Their ambition is to enable traumatized survivors of interfaith and intercultural conflicts in nine African countries (Cameroon, Central African Republic, Chad, Congo, Mali, Niger, Nigeria, Sudan and Togo) to heal from their trauma through the universal language of the arts.

Through these organizations, Franca Ma-ih Sulem Yong has worked tirelessly to promote tolerance and non-violence through the reintegration of survivors from opposing sides of wars and conflicts into their host communities. She also seeks to combat the spread of online hate speech through the promotion of digital citizenship education..

Source : UNESCO

Published On : November 22, 2022

6 .

Who has been honoured with Peace Prize by Gandhi Mandela Foundation(Gandhi Mandela Award 2022)?

A)

Matthieu Ricard

B)

Heinrich Harrer

C)

Dalai Lama

D)

Kailash Satyarthi

Correct Answer : Dalai Lama

The 14th Dalai Lama was Saturday(19th Nov 2022) conferred the Gandhi Mandela Award 2022 at Thekchen Choeling in Dharamshala’s McleodGanj by Himachal Pradesh governor Rajendra Vishwanath Arlekar.

The Tibetan spiritual leader, receiving the peace prize from the New Delhi-based Gandhi Mandela Foundation, said the qualities of non-violence and compassion had been ingrained in Indian culture for thousands of years.

Calling him a “universal ambassador of peace”, Governor Arlekar said the Dalai Lama is perhaps the most deserving person in the world today(19th Nov 2022) for the award.

“The Gandhi Mandela Foundation is overwhelmed to accomplish the historical ceremony when the Gandhi Mandela Award is conferred to His Holiness Dalai Lama. We wish many congrats to all the peace lovers,” said the committee.

The event was attended by former Chief Justice of India Justice KG Balakrishnan and former Supreme Court Justice Gyan Sudha Misra.

What is the Gandhi Mandela Award?

A government of India registered Trust, the Gandhi Mandela Foundation is a non-profit organisation, formed with the motive to promote Mahatma Gandhi’s and former President of South Africa Nelson Mandela’s values of non-violence. It has constituted an international prize, the Gandhi Mandela Award.

The foundation instituted the award on the 150th birth anniversary of the Father of the Nation, MK Gandhi..

Source : Indian Express

Published On : November 22, 2022

7 .

South Western Command of the Indian Army conducted Integrated Fire Power Exercise, â€œSHATRUNASHâ€™â€™ at MFFR in which state on 21st Nov 2022?

A)

Tamil Nadu

B)

Uttar Pradesh

C)

Rajasthan

D)

Madhya Pradesh

Correct Answer : Rajasthan

* South Western Command of the Indian Army conducted Integrated Fire Power Exercise, “SHATRUNASH’’ at MFFR in Thar desert of Rajasthan on Monday(21st Nov 2022).

* The exercise witnessed use of multi farious firing platforms in an integrated manner involving both ground & aerial manoeuvres. Various actions included ion of troops, offensive ground actions involving comprehensive coordination incorporating contemporary technologies in a multi domain environment.

* Real time communication and sharing of common operating picture amongst various participants to overcome emerging threats were practised & skills were honed.

* While lauding the standard of training of troops, Lieutenant General A S Bhinder, General Officer Commanding In Chief, Sapta Shakti Command appreciated the participation & synergy amongst various combat & combat support arms.

* He also commended exploitation of capability of indigenous platforms inducted as part of the ‘Atma Nirbhar Bharat’ or ‘Make in India’ initiative. Furthermore, the General Officer Commanding In Chief reiterated the need to constantly explore new fighting methodology and enhancement of own capability to fight future wars..

Source : AIR

Published On : November 22, 2022

8 .

HDFC Bank, Canara Bank Get RBI Approval for Rupee Trade with Which country?

A)

Russia

B)

China

C)

United States

D)

United Kingdom

Correct Answer : Russia

In a bid to facilitate rupee trade with Russia, the Reserve Bank of India (RBI) has approved the opening of special vostro accounts by two more lenders, HDFC Bank and Canara Bank, according to media reports.

This paves the way for cross-border trade in the Indian currency, especially between New Delhi and Moscow.

Three other Indian banks — State Bank of India, IndusInd Bank and UCO Bank — had earlier received the necessary permissions from the regulator to roll out rupee trades.

In July, the central bank had introduced a new arrangement for settling international trades in rupees. The mechanism, enabling the invoicing, payment and settlement of exports and imports in rupees, is aimed at promoting trade.

It would also restrict dollar outflows at a time when the local unit has been depreciating. At the time, SBI had said it was opening a special rupee vostro account to handle Russia-related trade settlements.

The state-owned lender said it is “making necessary arrangements and processing requests received from various banks, including Russian banks, duly following RBI guidelines”.

A vostro account is an account a correspondent bank holds on behalf of another bank. These accounts are an essential aspect of correspondent banking in which the bank holding the funds acts as custodian for or manages the account of a foreign counterpart.

As is known, India has been importing bigger amounts of crude oil from Russia after sanctions imposed on the latter over Ukraine war. As such, enabling importers to pay for buying expensive oil and coal in rupees would help preserve dollar assets..

Source : Indian Express

Published On : November 22, 2022

9 .

Which bank has launched the 7th edition of knowledge summit 'Evolve' for MSMEs?

A)

ICICI Bank

B)

Axis Bank

C)

HDFC Bank

D)

Kotak Mahindra Bank

Correct Answer : Axis Bank

Axis Bank has launched the seventh edition of ‘Evolve’ for MSMEs with the theme of ‘Indian SMEs: Shifting Gears for Next Level Growth’.

‘Digitalisation to Building Indian SMEs’ and ‘Export Opportunities for SMEs in the New World Order’ were some of the other key themes at the launch.

The 7th edition of Evolve will delve into how technology and digitalization can help achieve exponential growth from exports, which is a major area of focus for increasing profitability and market presence for MSMEs, the bank said.

“Through Evolve, Axis Bank aims to provide a platform for MSMEs to interact and learn from industry thought leaders who have transformed their businesses over the years,” it added.

During the launch, Sangram Singh, President, Commercial Banking Coverage Group, Axis Bank said, “The bank strongly believes that MSMEs are the engines of growth for the nation and as partners in progress, we at Axis Bank endeavour to offer both financial and non-financial services to help MSMEs expand their businesses holistically.”

“With an aim to strengthen our commitment and role as a true partner in their journey, we have always extended our support to MSMEs beyond the traditional realm of banking’’, he added.

About The MSMEs Potential : The bank said the MSME sector has immense potential to bolster its export share and despite the industry challenges, positive trends such as government support, digital tools, improved access to finance and technology, trade facilitation and global markets have empowered MSMEs to leverage tailwinds and propel growth to the next level.

The bank is very bullish about the MSMEs sector and that the sector is a big driver of growth for the economy. The bank has extensive underwriting norms while lending to the sector.

About The Previous Edition : The topic for previous edition was “Gearing up for a US$5 Trillion Economy”. The edition highlighted key focus areas in envisioning SME’s role in India’s vision of achieving a $5 trillion economy. This platform provided a great opportunity to interact and learn with the thought leaders of the industry who have witnessed successful growth journeys over the years..

Source : Economic Times

Published On : November 22, 2022

10 .

Which edition of bilateral exercise between the Indian and the Royal Oman navies, Naseem Al Bahr-2022, commenced off the coast of Oman on 20 November 2022?

A)

12th Edition

B)

13th Edition

C)

14th Edition

D)

15th Edition

Correct Answer : 13th Edition

The 13th edition of bilateral exercise between the Indian and the Royal Oman navies, Naseem Al Bahr-2022, commenced off the coast of Oman on 20 November 2022.

* The exercise is being conducted in two phases : the Harbour Phase and the Sea Phase. The Indian Navy’s guided missile frigate Trikand and Offshore Patrol Vessel Sumitra, with their integral helicopters, and the maritime patrol aircraft, Dornier, are participating in the exercise.

* The exercise facilitates operational-level interaction between the two navies to foster mutual cooperation and enhance good order at sea.

* The exercise also aims to strengthen the ancient maritime and cultural linkages between India and Oman. Friendly sports fixtures were conducted amongst participants from the two navies on the sidelines of the conference.

* The exercise aims to intensify maritime exchanges between the two countries and enhance maritime security in the region.

* India has ancient maritime tradition and maritime interaction with Oman dates back to over 4000 years BC. Bilateral relations between both countries were formally established with signing of 1953 Indo-Oman Treaty of friendship, Navigation and Commerce. It was first between India and Arab country.

* Since then, bilateral naval exercises have contributed to strengthening of bilateral ties between both countries. The first exercise Indian Navy with Royal Navy of Oman was conducted in 1993.

* Further signing of MoU on Defence Cooperation in December 2005 and subsequent establishment of Joint Military Cooperation (JMC) in March 2006 had set foundation for increased defence cooperation. The naval cooperation between both countries since then has gradually increased in scope and scale.

Published On : November 22, 2022