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

1 .

India has promising growth prospects for foreign direct investment (FDI) and how many billions of FDI inflows it has the potential to receive in the next five years?

A)

$400 billion

B)

$450 billion

C)

$475 billion

D)

$500 billion

Correct Answer : $475 billion

India may draw $475 billion in FDI : India has promising growth prospects for foreign direct investment (FDI) and has the potential to draw $475 billion in FDI flows over the next five years, according to a CII-EY report.

Despite the effects of the pandemic and geopolitical developments, foreign direct investment (FDI) in India has steadily increased over the past ten years, reaching $84.8 billion in FY 2021–22.

* 71% of multinational corporations (MNCs) with operations in India view it as a key market for their international expansion. Prospects for the long run and the short term are what are fueling the optimism.

* According to the report titled “Vision – Developed India : Opportunities and Expectations of MNCs,” the majority of MNCs believe that the Indian economy will perform significantly better in the next three to five years.

* With 96% of respondents being optimistic about the overall potential of the country.

* The robust momentum in India’s domestic consumption, services, digital economy, and infrastructure is dictating the country’s growth trajectory.

* Behind only the US and China, the forecasted actual growth in consumption is the third greatest, and by 2025, the rapidly growing digital economy is predicted to reach $1 trillion.

India’s Economic Growth: Important Factors

* India’s potential is fueled by a number of factors, including the country’s ranking as one of the largest and fastest-growing economies in the world, strong consumer patterns, digitization, and an expanding services industry.

* India is one of the world’s largest economies with one of the fastest rates of growth.

* The government’s strong emphasis on infrastructure and manufacturing, along with strong consumption trends, digitisation, and a growing services sector, have all contributed to the confidence in India’s potential.

* Significantly, more than 60% of MNCs reported that the business environment has improved during the previous three years.

* MNCs value the effects of the GST, the government’s push toward digitalization in many areas, and tax transparency, among other reforms.

* India is a big and stable democracy which is another factor that makes India a desirable investment destination for MNCs.

* India is likewise viewed as an option by the majority of respondents to their China+1 approach..

Source : The Hindu

Published On : October 18, 2022

2 .

India-Africa Defence Dialogue to be held on the sidelines of DefExpo 2022 in which state from 18th - 22nd Oct 2022?

A)

Tamil Nadu

B)

Kerala

C)

Gujarat

D)

Maharashtra

Correct Answer : Gujarat

The India-Africa Defence Dialogue (IADD) was held on the sidelines of "DefExpo 2022" in Gandhinagar, Gujarat on October 18, 2022. The dialogue successfully brought out various aspects of the IADD’s theme ‘Adopting Strategy for Synergizing and Strengthening Defence and Security Cooperation’.

Raksha Mantri Shri Rajnath Singh defined the theme of IADD as the underlying commitment of India and African countries to explore new areas of convergence for defence engagements, including capacity building, training, cyber security, maritime security and counter terrorism.

He termed India & African countries as important stakeholders in ensuring a safe and secure maritime environment, especially in the Indian Ocean Region.

He pointed out that the two sides work together in many regional mechanisms, which foster inclusive and constructive collaboration in dealing with shared security concerns and address common challenges to peace and prosperity.

Emphasising that India & Africa share a multi-faceted defence and security cooperation relationship, Shri Rajnath Singh reiterated India’s support to Africa to deal with challenges of conflict, terrorism and violent extremism.

“India remains united with African countries in their quest for peace, security, stability, growth and prosperity.

Our partnership with Africa is centered on the ten guiding principles articulated by Prime Minister Shri Narendra Modi during his address to Parliament of Uganda in 2018. He had clearly stated that Africa will be at the top of our priorities..

Source : PIB

Published On : October 18, 2022

3 .

Who among the following was declared the winner of 'Delhi Half Marathon 2022' on 16 October 2022?

A)

Avinash Sable

B)

Karthik Kumar

C)

Ankit Yadav

D)

Avinash Sabrabal

Correct Answer : Avinash Sable

The Birmingham Commonwealth Games Avinash Sable, won the Indian elite race at the Delhi Half Marathon 2022 on 16 October 2022, beating Kartik Kumar by a margin of 0.04 seconds.

Both Sable and Kartik clocked 1:04:00 seconds. Avinash Sable was eventually declared the winner by the Athletics Federation of India (AFI) technical officials after reviewing the footage.

Avinash Sable also won the last Delhi half marathon held in 2020. The distance in the Delhi half marathon is 21.097 Kilometers, while in the normal marathon the distance is 42.195 Kilometers.

In the Indian women’s elite race, Sanjivani Jadhav bagged the crown with a timing of 1:17:53.

Ethiopia’s Chala Regasa and Kenya’s Irine Cheptai, won the international men’s and women’s elite races, respectively..

Source : Olympics

Published On : October 18, 2022

4 .

Which India teenager scripted history in the ongoing Aimchess Rapid online tournament as he defeated Magnus Carlsen on 16th Oct 2022?

A)

Anish Giri

B)

Donnarumma Gukesh

C)

Ding Liren

D)

Pentala Harikrishna

Correct Answer : Donnarumma Gukesh

India teenager Donnarumma Gukesh on Sunday(16th Oct 2022) scripted history as he defeated Magnus Carlsen in the ongoing Aimchess Rapid online tournament, becoming the youngest player ever to beat him as world champion.

Indian teenager Donnarumma Gukesh became the youngest to beat Magnus Carlsen as World Champion.

The 16-year-old Donnarumma beat Carlsen with white in the 9th round and hence defeated the Norwegian during his reign as world champion. It is also crucial to note that Carlsen was dominated by Indian Grandmaster Arjun Erigaisi as well.

In the seventh round of the preliminary matches of the Aimchess Rapid online chess competition on Sunday(16th Oct 2022), Erigaisi defeated Carlsen. Before agreeing to a draw with Jan-Krzysztof Duda, Erigaisi won three straight games, defeating Nils Grandelius (Sweden), Daniel Naroditsky (USA), and Carlsen (Poland).

Last month, Erigaisi fell to Carlsen in the Julius Baer Generation Cup online competition’s championship match. He was able to recover from a sluggish start to the competition and return to the top eight thanks to his 54-move victory over the world champion..

Source : The Print

Published On : October 18, 2022

5 .

RBI reported that India's foreign exchange reserves rose by how many million dollars to 532.868 billion dollars due to rise in gold assets?

A)

USD 204 million

B)

USD 218 million

C)

USD 236 million

D)

USD 264 million

Correct Answer : USD 204 million

India's forex reserves rose by 204 million to 532.868 billion US dollar for the week ended October 7, 2022 on an increase in the value of gold holdings.

Reserve Bank said that in the previous reporting week, the overall reserves had dropped by 4.854 billion to 532.664 billion US dollars.

The reserves had been falling for many weeks now as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

In October 2021, country's forex kitty had reached an all-time high of 645 billion US dollars..

Source : AIR

Published On : October 18, 2022

6 .

India registered defence exports worth how many crores in six months of the current financial year(FY2022-2023)?

A)

Rs 5,000 crore

B)

Rs 8,000 crore

C)

Rs 10,000 crore

D)

Rs 14,000 crore

Correct Answer : Rs 8,000 crore

India registered defence exports worth Rs 8,000 crore in six months of the current financial year(FY 2022-2023) and aims to achieve the target of outbound shipments of Rs 35,000 crore by 2025, Defence Minister Rajnath Singh said on Monday(17th Oct 2022).

He was speaking at the curtain raiser event of Defence Expo (DefExpo), scheduled to be held from October 18 to 22 in Gandhinagar.

Singh said India's defence sector has registered exports worth Rs 30,000 crore after 2014 when the Narendra Modi government assumed office at the Centre.

He said India is progressing speedily on the path to achieve global standards of design, development and manufacturing of defence equipment.

"Before 2014, we used to achieve (defence) exports of Rs 900 crore-Rs 1,300 crore. But we have achieved exports worth more than Rs 30,000 crore to date (since 2014). We can add another Rs 8,000 crore-Rs 9,000 crore of the export target (this year)," Singh said..

Source : Business Today

Published On : October 18, 2022

7 .

Which company has developed India's first aluminum freight train rake?

A)

Hindalco

B)

NALCO

C)

Jindal Aluminum

D)

Vedanta Limited

Correct Answer : Hindalco

Union Minister for Railways Ashwini Vaishnaw inaugurated Sunday(16th Oct 2022) India’s first aluminum freight rake at Bhubaneshwar Railway Station in Odisha.

The country’s first all-aluminum freight rail rakes have been developed by "Hindalco" with an aim to modernize freight transportation and to reduce carbon footprint because of lower consumption of fuel.

As per the Union Minister, a single rake can reduce 14,500 tonnes carbon dioxide emissions during its lifetime..

Published On : October 17, 2022

8 .

Who is the youngest all-rounder to play in the Men's T20 World Cup 2022?

A)

Jatinder Singh

B)

Aqib Ilyas

C)

Monank Patel

D)

Aayan Khan

Correct Answer : Aayan Khan

UAE’s "Aayan Khan", the 16-year old allrounder, is the youngest player to feature in the men’s T20 World Cup 2022. Aayan was picked in the UAE XI for the team’s first match of the T20 World Cup against Netherlands at the Simonds Stadium in Geelong on Sunday(16th Oct 2022).

Aayan impressed in the U19 World Cup earlier this year with 93 and one for 13 in UAE's 82-run win over West Indies. Aayan was out for a seven-ball five against Netherlands. He then bowled three overs for 15 runs and picked a wicket.

Aayan broke Pakistan pacer Mohammad Amir’s record. The left-arm quick played his first T20 World Cup when he was 17 years and 55 days old.

Netherlands’ Stephan Myburgh, at 38 years and 230 days, is the oldest in the 2022 T20 World Cup. Hong Kong’s Ryan Campbell played in the 2016 World Cup when he was 44 years and 33 days old..

Source : Sport Star

Published On : October 17, 2022

9 .

Who announced its annual nuclear exercise "Steadfast Noon" starting on 17th Oct 2022?

A)

European Union

B)

NATO

C)

ASEAN

D)

African Union

Correct Answer : NATO

Air forces from across NATO will exercise nuclear deterrence capabilities involving dozens of aircraft over north-western Europe starting on Monday (17 October 2022). The exercise, which runs until 30 October, is a routine, recurring training activity and it is not linked to any current world events.

Exercise "Steadfast Noon" involves 14 countries and up to 60 aircraft of various types, including fourth and fifth generation fighter jets, as well as surveillance and tanker aircraft.

As in previous years, US B-52 long-range bombers will take part; this year, they will fly from Minot Air Base in North Dakota. Training flights will take place over Belgium, which is hosting the exercise, as well as over the North Sea and the United Kingdom. No live weapons are used.

Steadfast Noon is hosted by a different NATO Ally each year. “This exercise helps ensure that the Alliance’s nuclear deterrent remains safe, secure and effective,” said NATO Spokesperson Oana Lungescu.

NATO’s new Strategic Concept, adopted by Allied leaders at the Madrid Summit in June makes clear that “the fundamental purpose of NATO’s nuclear capability is to preserve peace, prevent coercion and deter aggression.” It stresses that, “as long as nuclear weapons exist, NATO will remain a nuclear alliance. NATO’s goal is a safer world for all; we seek to create the security environment for a world without nuclear weapons.“.

Source : NATO

Published On : October 17, 2022

10 .

India's WPI inflation fell to what percentage in September 2022 from 12.41% in August 2022?

A)

10.7%

B)

10.9%

C)

11.3%

D)

11.6%

Correct Answer : 10.7%

India’s WPI inflation falls to 10.7% in September 2022 : Inflation based on the Wholesale Price Index(WPI) decreased to 10.70% in September 2022. According to official figures, the WPI-based inflation rate was 12.41% in August 2022.

High-speed diesel (HSD) saw the highest inflation rate at 65.96%. (YoY). It was followed by price increases of 44.72 percent for crude oil and natural gas and 49.79 percent for potatoes.

Key Points India’s WPI inflation falls to 10.7% in September :

* Only the category of fuel and power experienced an increase in inflation month over month (MoM). The prices fell in all the others.

* Inflation was also down in the Wholesale Price Index (WPI) Food Index.

* The index for this important group dropped from 178.6 (provisional) for the month of August 2022 to 176.2 (provisional) in September 2022, a (-1.34%) decrease.

* When compared to August 2022, food item prices rose by 0.28 percent in September 2022.

* In September 2022 compared to August 2022, prices for non-food items dropped by 3.60 percent, crude oil and natural gas prices dropped by 6.38 percent, and the price of minerals dropped by 6.45 percent.

India’s WPI inflation decreases Inflation Analysis : Food articles from the primary articles group and food products from the manufactured goods group together make up the food index, which fell from 176.0 in August 2022 to 175.2 in September 2022. Based on the Wholesale Price Index (WPI) food index, the inflation rate dropped from 9.93% in August 2022 to 8.08% in September 2022..

Source : Indian Express

Published On : October 17, 2022