Daily Current Affairs November 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 November 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.

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November 16| Daily Current Affairs 2022

Sports – Daily Current Affairs November 16

1. Who among the following became youngest year-end ATP world number 1?
A) Novak Djokovic
B) Carlos Alcaraz
C) Stefanos Tsitsipas
D) Rafael Nadal
E) None of these
Answer: B) Carlos Alcaraz

• Alcaraz has experienced an incredible rise in the world of tennis this year.
• He soared from number 32 to the top of this sport’s mountain on September 12, which is also the biggest jump to number one in 50 editions of year-end ATP rankings, as per ATP.

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2. In which of the following FIFA World Cup 2022 will set to kick off on 20th November?
A) Qatar
B) Russia
C) France
D) China
E) None of these
Answer: A) Qatar

• The 2022 FIFA World Cup is set to kick off on 20th November in Qatar.
• This will be the first-ever time that the tournament is held in the winter months.
• The tournament will have 32 teams competing for ultimate glory, segmented across eight groups in eight venues across Qatar.
  • The final of the tournament will be played on 18th December. Going into the mega event, all the teams have announced their respective squads of up to 26 players each.

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Ranking – Daily Current Affairs November 16

3. Which country became the world’s second largest producer of steel?
A) India
B) Russia
C) France
D) China
E) None of these
Answer: A) India

• Union Minister of Steel Jyotiraditya Scindia has said that India has made remarkable progress in the steel sector in the last 8 years.
• He said, the country which was earlier a net importer of the steel has now become a net exporter.
• The Minister was addressing the Steel Conference of State governments in New Delhi.
• Mr. Scindia informed that India has also moved from 4th largest producer of steel to the second largest producer of steel at global scale.
• China is the largest producer of steel who produced an estimated 81.7 Mt in January 2022.

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Banking and Finance – Daily Current Affairs November 16

4. Who planned to put in place cyber security framework for stock brokers?
A) SEBI
B) RBI
C) IRDAI
D) SBI
E) None of these
Answer: A) SEBI

• Sebi is planning to come out with a cyber security framework for stock brokers that will help in reducing the impact of potential risks by cyber fraud, data leaks and hacking of trading accounts.
• The framework, aimed at protecting stock brokers as well as their clients, would include measures, tools and processes that are intended to prevent cyber-attacks and improve cyber resilience.
• The move is part of the capital markets regulator’s investors safeguard mechanism.

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5. ICICI Bank hiked FD interest rates by up to_________bps?
A) 30 basis points
B) 45 basis points
C) 25 basis points
D) 15 basis points
E) None of these
Answer: A) 30 basis points

• ICICI Bank has hiked fixed deposit (FD) interest rates for amounts below Rs 2 crore on select tenors by up to 30 basis points.
• The new interest rates are effective from November 16, 2022.
• ICICI Bank will now offer interest rates between 3 percent and 6.60 percent for tenors from 7 days to 10 years for regular investors.
• For Bank senior citizen , ICICI Bank will now offer interest rates between 3.50 percent and 7.10 percent for tenors from 7 days to 10 years.

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6. RBI gave approval for opening of how many Vostro accounts of Russian banks?
A) 5
B) 7
C) 9
D) 8
E) None of these
Answer: C) 9

• The RBI has given approval for opening of nine Vostro accounts of Russians banks with banks in India in order to allow bilateral trade to take place in rupee — a mechanism that can provide insulation against Western sanctions on Russia.
• “While three accounts have already been opened—Gazprom Bank with UCO Bank and VTB and Sber Bank with their own branch offices in India—the remaining six will be opened by Indusind bank and talks are on”.

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7. Axis bank hiked FD rates twice in a month, this time by up to _______bps?
A) 85 basis points
B) 45 basis points
C) 25 basis points
D) 20 basis points
E) None of these
Answer: D) 20 basis points

• Axis Bank, one of the top public sector lenders, increased interest rates once again on fixed deposits worth less than ₹2 Cr.
• The bank has already increased interest rates on deposits with maturities ranging from 46 days to 10 years by up to 115 bps on November 5, 2022.
• However, the bank has increased FD rates this time, for the second time in a month, by up to 20 bps on a variety of tenors.
• The bank has lifted the interest rate on fixed-deposits (FDs) maturing in the next 15 to 18 months by 15 basis points to 6.40% and in the next 18 to 3 years by up to 20 basis points to 6.50%.

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8. Kotak Mahindra Bank reduced 1-year MCLR rate by ________ bps?
A) 85 basis points
B) 45 basis points
C) 25 basis points
D) 20 basis points
E) None of these
Answer: D) 20 basis points

• Kotak Mahindra Bank, one of the major private sector banks, increased its marginal cost of funds-based lending rate (MCLR) for various loan tenors while lowering the benchmark one-year tenor rate by 20 basis points.
• The updated MCLR rates went into effect on November 16, 2022.
• Banks employ the benchmark one-year tenor MCLR-linked loan rates, which have been reduced from 8.75 per cent to 8.55 per cent, to calculate the majority of financing including auto, home, and personal loans.
• “Base Rate of Kotak Mahindra Bank Ltd with effect from Nov 16, 2022 : 7.40%.
• The ‘Benchmark PLR’ of Kotak Mahindra Bank Ltd with effect from Nov 16, 2022 : 16.15%,” mentioned Kotak Mahindra Bank on its website.
• The base rate is the lowest rate below which banks are not permitted to provide loans.

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Appointments – Daily Current Affairs November 16

9. Who among the following appointed as full-time member of NITI Aayog?
A) Narendra Modi
B) Arvind Virmani
C) Dr. Rajiv Kumar
D) Dr V K Pau
E) None of these
Answer: B) Arvind Virmani

• The Prime Minister has approved the appointment of Shri Arvind Virmani, Founder, Chairman, Foundation for Economic Growth & Welfare as Full-Time Member, NITI Aayog with immediate effect and until further orders, on the same terms and conditions as are applicable to Full-Time Members of NITI Aayog.
• He served as a member of the Technical Advisory Committee of the Reserve Bank of India (RBI) on Monetary Policy from February 2013 to August 2016.

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International Affairs – Daily Current Affairs November 16

10. To which of the following country the Indonesian President handed over G20 presidency?
A) India
B) Russia
C) France
D) China
E) None of these
Answer: A) India

• Indonesia handed over the G20 presidency to India for the coming year at the Bali summit here with Prime Minister Narendra Modi terming it a matter of pride for every Indian citizen.
• At a brief ceremony, Indonesian President Joko Widodo handed over the G20 presidency to Prime Minister Modi at the conclusion of the two-day G20 Summit.

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11. Which of the following country and India hosted LeadIT Summit, on the sidelines of COP27 at Sharm El Sheikh in Egypt?
A) UK
B) Russia
C) France
D) Sweden
E) None of these
Answer: D) Sweden

• India and Sweden hosted the LeadIT Summit on the sidelines of COP27 at Sharm El Sheikh in Egypt.
• The Leadership for Industry Transition- LeadIT initiative focuses on low carbon transition of the hard to abate industrial sector.
• Minister of Environment, Forest and Climate Change Bhupender Yadav emphasised that co-development is the only option to meet the targets that the world has taken for itself and without it, low carbon transition could be delayed by decades.
• He said, the low carbon transition of the industrial sector will not only contribute towards the reduction in required greenhouse gas emissions.

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12. Who among the following minister launched ‘greenprint for Chennai’ report at COP27?
A) Hardeep singh Puri
B) G Kishan Reddy
C) Amit shah
D) Bhupender Yadav
E) None of these
Answer: D) Bhupender Yadav

• The Union Minister for Environment, Forests and Climate Change, Bhupender Yadav, launched a report titled ‘Greenprint for Chennai – Integrating Natural Infrastructure in City Planning’, at the COP27 international climate conference.

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13. Which of the following country and India will launch a Young Professionals Exchange in 2023?
A) UK
B) Russia
C) France
D) China
E) None of these
Answer: A) UK

• British Prime Minister Rishi Sunak will announce a new “partnership” with India, at the G20 summit in Bali, Downing Street has announced.
• Under the U.K.-India Young Professionals Scheme, the U.K. will offer, annually, 3,000 degree-holding Indians in the 18–30-year age group places to work in the U.K. for up to two years.
• The scheme will commence in early 2023 and be on a reciprocal basis.

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National Affairs – Daily Current Affairs November 16

14. Who launched 4th phase of Digital Shakti with CyberPeace Foundation, Meta and Autobot Infosec?
A) Competition Commission of India
B) Planning Commission
C) National Commission for Women
D) Staff Selection Commission
E) None of these
Answer: C) National Commission for Women

• National Commission for Women launched the fourth phase of Digital Shakti Campaign, a pan-India project on digitally empowering and upskilling women and girls in cyberspace, run in collaboration with CyberPeace Foundation, Meta and Autobot Infosec.
• In line with its commitment to create safe spaces for women and girls online, the Commission, along with partners has launched the fourth phase of Digital Shakti post successful completion of the three phases in the past.
• The campaign is focused on making women digitally skilled and aware to stand up against any cyber harms – illegal/inappropriate activity online.

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15. Which of the following ministry inaugurated M&M’s Farm Machinery Plant at Pithampur?
A) Finance Ministry
B) Home Affairs ministry
C) Agriculture Ministry
D) Railways ministry
E) None of these
Answer: C) Agriculture Ministry

• Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar inaugurated the first Greenfield Farm Machinery Plant of Mahindra & Mahindra at Pithampur in Madhya Pradesh.
• On this occasion, Shri Tomar said that under the leadership of Prime Minister Shri Narendra Modi, India has reached a point where the world looks at us with hopeful eyes.
• Shri Tomar said that to make the country fully developed, we have to be fully equipped with technology.

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16. Which edition of India International Trade Fair CBDT Chairman Shri Nitin Gupta inaugurated CBDT’s Taxpayers’ Lounge?
A) 41st
B) 42nd
C) 40th
D) 43rd
E) None of these
Answer: A) 41st

• A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2022, at Pragati Maidan, New Delhi, being held from 14th to 27th November, 2022.
• The Taxpayers’ Lounge aims to foster awareness about the services provided by the Income Tax Department and to showcase its various initiatives in the areas of digitalisation, transparent taxation, online grievance redressal, e-PAN, e-filing, etc. for easing compliance.
• Shri Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT) inaugurated the Taxpayers’ Lounge today at Hall No. 5, Pragati Maidan, New Delhi in the presence of Members of the CBDT and senior officers of the Income Tax Department.

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