Daily Current Affairs April 16

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs April 16. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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April 16 | Daily Current Affairs 2024

Sports – Daily Current Affairs April 16

1. Which player did Stefanos Tsitsipas defeat to win his third Monte Carlo Masters title?
A) Novak Djokovic
B) Jannik Sinner
C) Casper Ruud
D) Rafael Nadal
E) Roger Federer
Answer: C) Casper Ruud

Event and Location:

• Event: Stefanos Tsitsipas winning the Monte Carlo Masters for the third time.
• Location: Monte Carlo Country Club

Mandates and Objectives:

• The Monte Carlo Masters is a prestigious ATP clay-court tournament that serves as a significant indicator of form and fitness leading up to the French Open, another major clay event.

Important Terms Explained:

• Monte Carlo Masters: An annual clay-court tennis tournament part of the ATP Tour.
• Clay Court: A type of tennis court that has a playing surface made of crushed stone, brick, shale, or other unbound mineral aggregate.

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Banking and Finance – Daily Current Affairs April 16

2. Which institutions have partnered to introduce mortgage guarantee-backed home loan products?
A) Reserve Bank of India and HDFC
B) Bank of India and India Mortgage Guarantee Corporation
C) State Bank of India and LIC Housing Finance
D) Axis Bank and National Housing Bank
E) ICICI Bank and Credit Guarantee Fund Trust
Answer: B) Bank of India and India Mortgage Guarantee Corporation

Event and Location:

• Event: Partnership announcement between Bank of India and India Mortgage Guarantee Corporation (IMGC) for mortgage guarantee-backed home loans.
• Location: India

Mandates and Objectives:

• Objective: To enhance credit delivery in the affordable housing sector and provide more flexible and secure home loan options for both salaried and self-employed individuals.

Important Terms Explained:

• Mortgage Guarantee: An insurance product that compensates lenders or investors for losses due to a mortgage loan default.
• Affordable Housing: Housing that is deemed affordable to those with a median household income as rated by the national government or a local government by a recognized housing affordability index.

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Business and Economy – Daily Current Affairs April 16

3. What is the International Monetary Fund’s (IMF) GDP growth forecast for India for the fiscal year 2025?
A) 6.5%
B) 6.8%
C) 7.0%
D) 7.8%
E) 6.7%
Answer: A) 6.5%

Event and Location:

• Event: IMF’s updated GDP growth forecast for India.
• Location: Global announcement, details relevant to India.

Mandates and Objectives:

• The IMF updates its economic outlook to provide a basis for economic planning and policy formulation globally, reflecting changes in economic dynamics such as domestic demand and population trends.

Important Terms Explained:

• GDP (Gross Domestic Product): Measures the economic performance of a country, representing the total value of all goods and services produced over a specific time period.
• Fiscal Year 2025: Pertains to the financial period for which the GDP growth forecast is provided.

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4. What was the annual rate of inflation based on the Wholesale Price Index (WPI) for all commodities in India for March 2024?
A) 0.20%
B) 0.33%
C) 0.53%
D) 0.40%
E) 4.51%
Answer: C) 0.53%

Event and Location:

• Event: Release of the Wholesale Price Index (WPI) numbers for March 2024.
• Location: India

Mandates and Objectives:

• The WPI provides a measure of average changes in the prices of goods at the wholesale level. It serves as an indicator for inflation and helps in policy formulation by the government.

Important Terms Explained:

• Wholesale Price Index (WPI): An index that measures and tracks the changes in the price of goods before they reach the consumer level.
• Inflation: The rate at which the general level of prices for goods and services is rising, and, consequently, the purchasing power of currency is falling.

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5. As of the latest update, what percentage of Hindustan Unilever Limited’s (HUL) paid-up capital does LIC own?
A) 4.99%
B) 5.01%
C) 5.00%
D) Over 5%
E) Exactly 5%
Answer: B) 5.01%

Event and Location:

• Event: LIC increased its stake in Hindustan Unilever Limited (HUL).
• Location: India

Mandates and Objectives:

• Objective: To increase LIC’s investment portfolio by acquiring a significant stake in a major FMCG company, HUL.

Important Terms Explained:

• LIC (Life Insurance Corporation of India): India’s largest state-owned insurance group and investment company.
• HUL (Hindustan Unilever Limited): A leading consumer goods company in India, part of the broader Unilever network.

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Appointments – Daily Current Affairs April 16

6. Who will be sworn in as Singapore’s new Prime Minister on May 15, succeeding Lee Hsien Loong?
A) Heng Swee Keat
B) Tan Chuan-Jin
C) Lawrence Wong
D) Tharman Shanmugaratnam
E) K. Shanmugam
Answer: C) Lawrence Wong

Event and Location:

• Event: Transition of prime ministerial power in Singapore.
• Location: Singapore

Mandates and Objectives:

• The transition is a significant political change aimed at providing stability and continuity in governance. Lawrence Wong, the successor, is set to continue the policies and further the development initiatives started by his predecessors.

Important Terms Explained:

• People’s Action Party (PAP): Singapore’s main political party, which has been in power since the country’s independence in 1965.
• Leadership Transition: The process in which leadership roles are handed over to successors, usually in a structured and planned manner within political entities or corporations.

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7. For how many years has Kristalina Georgieva been selected to serve as the Managing Director of the IMF in her second term?
A) 3 years
B) 5 years
C) 4 years
D) 6 years
E) 7 years
Answer: B) 5 years

Event and Location:

• Event: Reappointment of Kristalina Georgieva as the Managing Director of the International Monetary Fund (IMF).
• Location: Global, decision by the IMF Executive Board.

Mandates and Objectives:

• The IMF aims to ensure global financial stability, and the Managing Director plays a crucial role in leading the organization’s efforts towards this goal. Kristalina Georgieva’s leadership in her first term, especially during major global shocks such as the COVID-19 pandemic, was highlighted as a key reason for her reappointment.

Important Terms Explained:

• International Monetary Fund (IMF): An international organization that seeks to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
• Managing Director: The chief of the operating staff and Chair of the Executive Board at the IMF, responsible for overseeing the organization’s daily operations.

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8. Who has been officially appointed as the CEO of BharatPe?
A) Ashneer Grover
B) Sameer Suhail
C) Nalin Negi
D) Rajnish Kumar
E) Suhail Sameer
Answer: C) Nalin Negi

Event and Location:

• Event: Appointment of Nalin Negi as the CEO of BharatPe.
• Location: BharatPe is based in India.

Mandates and Objectives:

• Objective: Nalin Negi’s elevation as CEO is aimed at leading BharatPe into its next phase of development, focusing on scaling the lending business and launching new merchant-centric products.

Important Terms Explained:

• BharatPe: A fintech company based in India that provides financial services to merchants across the country.
• CEO (Chief Executive Officer): The highest-ranking executive in a company, primarily responsible for making major corporate decisions, managing the overall operations, and being the main point of communication between the board of directors and corporate operations.

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9. What is the primary role of Sanjana Sanghi as the newly appointed Brand Ambassador for SPACE India?
A) To promote the Bollywood film industry
B) To foster collaboration between ISRO and SPACE India
C) To enhance the visibility and appeal of Astronomy and Space Science education
D) To develop new space technologies
E) To conduct space missions
Answer: C) To enhance the visibility and appeal of Astronomy and Space Science education

Event and Location:

• Event: Appointment of Sanjana Sanghi as the Brand Ambassador for SPACE India.
• Location: India

Mandates and Objectives:

• Objective: Sanjana Sanghi’s role is to increase awareness and drive engagement with SPACE India’s educational programs in Astronomy and Space Science, leveraging her public profile and commitment to education activism.

Important Terms Explained:

• Brand Ambassador: A person employed by an organization or company to represent its brand in a positive light and by doing so, help to increase brand awareness and sales.
• SPACE India: An institution focused on promoting education in Astronomy and Space Science across India, aiming to make it accessible and inclusive.

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Awards – Daily Current Affairs April 16

10. What notable recognition did Kannada poet Mamta G. Sagar recently receive?
A) Nobel Prize in Literature
B) Pulitzer Prize for Poetry
C) World Literary Prize
D) Booker Prize
E) Sahitya Akademi Award
Answer: C) World Literary Prize

Event and Location:

• Event: Mamta G. Sagar receiving the World Literary Prize.
• Location: Abuja, Nigeria

Mandates and Objectives:

• Objective: The award aims to acknowledge and celebrate outstanding contributions to literature, recognizing writers who have made significant impacts through their work, irrespective of the language.

Important Terms Explained:

• World Literary Prize: An international award given by the World Organization of Writers (WOW) to honor literary excellence across the globe.

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National Affairs – Daily Current Affairs April 16

11. What is the primary purpose of the Longte festival as celebrated by the Nyishi community?
A) To promote local sports and games
B) To elect new community leaders
C) To mark the start of the harvest season
D) To place a barricade between the domains of evil spirits and human beings
E) To celebrate the victory in historical battles
Answer: D) To place a barricade between the domains of evil spirits and human beings

Event and Location:

• Event: Longte festival celebration by the Nyishi community.
• Location: Itanagar Capital Region, specifically at Nyikum Niya ground in Nirjuli and Nyokum Lapang ground.

Mandates and Objectives:

• Objective: The Longte festival aims to spiritually cleanse the community by setting a symbolic barrier against evil spirits, ensuring peace and harmony among the people. It is one of the oldest and agriculturally significant festivals of the Nyishi tribe and is a harbinger of new season after which sowing of seeds begins on cultivated fields.

Important Terms Explained:

• Longte Festival: A unique cultural festival of the Nyishi tribe in Arunachal Pradesh, characterized by its non-violent, bloodless nature, unlike other tribal festivals which may involve animal sacrifices.
• Nyishi Tribe: A major ethnic group in Arunachal Pradesh, India, known for their rich cultural heritage and traditional festivals.

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12. What is the primary purpose of the Swachhata Pakhwada initiative launched by the Ministry of Parliamentary Affairs?
A) To enhance digital literacy
B) To promote cleanliness and hygiene
C) To improve educational standards
D) To increase political awareness
E) To promote sports and physical activity
Answer: B) To promote cleanliness and hygiene

Event and Location:

• Event: Launch of Swachhata Pakhwada, 2024.
• Location: New Delhi, India

Mandates and Objectives:

• Objective: The initiative is focused on promoting cleanliness and hygiene within the Ministry and the broader community, including schools, through various activities designed to engage and educate.

Important Terms Explained:

• Swachhata Pakhwada: A cleanliness drive observed for a specific period (fortnight), involving various activities aimed at promoting hygiene and cleanliness in government offices and institutions.
• Swachhata Pledge: A commitment made by individuals to uphold and promote cleanliness and hygiene as a part of their duty towards society.

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13. What is the main focus of the 1st international workshop on ‘Emerging Technologies & Challenges for Exoskeleton’ organized by DRDO?
A) To discuss the history and development of robotics in India
B) To address challenges and create a roadmap for future exoskeleton technologies
C) To enhance international military collaborations
D) To showcase new defense equipment
E) To conduct training sessions for new recruits
Answer: B) To address challenges and create a roadmap for future exoskeleton technologies

Event and Location:

• Event: 1st international workshop on ‘Emerging Technologies & Challenges for Exoskeleton’.
• Location: Bengaluru, India

Mandates and Objectives:

• Objective: The workshop aims to gather various stakeholders from R&D, military, industry, and academia to collaboratively address the challenges and plan the future development of exoskeleton technologies.

Important Terms Explained:

• Exoskeleton Technology: A wearable device that enhances the physical capabilities of the human body, applicable in both military and civilian sectors for purposes like rehabilitation and occupational therapy.
• DRDO (Defence Research and Development Organisation): India’s premier agency tasked with the military’s research and development.

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Over All Review

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