Current Affairs Quiz: February 2 2019

AffairsCloud brings you the complete and important daily Current Affairs February 2 2019 Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz from our current affairs today updates.

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  1. Total Horticulture production is estimated to be ____ Million Tonnes which would be 8% higher than last 5 years average, as per the 2017-18 (Final) and 2018-19 (1st Advance estimate) of Area and Production of Horticulture Crops?
    1) 314.5 Million tonnes
    2) 256.8 Million tonnes
    3) 156.7 Million tonnes
    4) 437.4 Million tonnes
    5) None of these
    Answer & Explanation
    Answer – 1) 314.5 Million tonnes
    Explanation:
    As per the 2017-18 (Final) and 2018-19 (1st Advance estimate) of Area and Production of Horticulture Crops released by The Department of Agriculture, Cooperation and Farmers Welfare, there has been a record production of Horticulture crops in 2017-18 reaching 311.7 Million Tonnes. The Summary of report is given in the table below.
    Total Horticulture2016-20172017-2018 (Final)2018-2019 (1st Advance estimate
    Area (Million Ha)24.8525.4325.87
    Production (Million Tonnes)300.64311.71314.67
  2. Chief Minister of Goa, Manohar Parrikar presented the annual budget of Goa for 2019-20 in the Assembly, with an annual budget of 19548.69 crore in 2019-20 with an increase of ____ % over previous year?
    1) 20.25 %
    2) 14.16 %
    3) 12.15 %
    4) 10.30 %
    5) None of these
    Answer & Explanation
    Answer – 2) 14.16 %
    Explanation:
    On 30th January 2019, Chief Minister of Goa, Shri Manohar Parrikar who also holds the Finance portfolio presented the annual budget of Goa for 2019-20 in the Assembly. The annual budget increase from 17,123.28 crore in 2018-19 to 19548.69 crore in 2019-20 with an increase of 14.16% over previous year. The allocation for Capital Expenditure was increase by 18.29 % to Rs. 4987.45 crore in 2019-20 as compared to Rs. 4216.25 crore in 2018-19. In this year’s annual budget, the Total estimated expenditure on Revenue Account was Rs. 13308.26 Crore.
  3. Where was the international conference titled ‘Life and Legacy of Guru Padmasambhava’ held, to mark the 50-years of formalization of diplomatic ties between India and Bhutan, on 29th and 30th January 2019?
    1) Mumbai
    2) New Delhi
    3) Kolkata
    4) Chennai
    5) None of these
    Answer & Explanation
    Answer – 2) New Delhi
    Explanation:
    To mark the 50-years of formalization of diplomatic ties between India and Bhutan,a two-day international conference on 8th century Himalayan sage Guru Padmasambhava was held in New Delhi. This conference was organised by the Centre for Escalation of Peace (CEP) and was titled ‘Life and Legacy of Guru Padmasambhava’, was held on January 29-30. Scholars from both countries participated in the conference and discussed about the Guru who was born in India and moved towards Bhutan in the 8th century to spread Buddhism and Buddhist teachings all across the Himalayan region.
  4. Defence Acquisition Council (DAC) approved the indigenous construction of 6 Project 75(India) submarines under the strategic Partnership model at the cost of ____, on 31st January 2019?
    1) Rs 40,000 crore
    2) Rs 20,000 crore
    3) Rs 10,000 crore
    4) Rs 50,000 crore
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 40,000 crore
    Explanation:
    On 31st January 2019, The Defence Acquisition Council (DAC) chaired by Defence Minister, Nirmala Sitharaman approved the indigenous construction of 6 Project 75(India) submarines under the strategic Partnership model at the cost of Rs 40,000 crore. The construction of 6 submarines aims to boost Government’s ambitious ‘Make in India” program and it will provide a major boost to submarine design and manufacturing ecosystem in India.
  5. No income tax for earnings up to ____ rupees, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal in Parliament on February 1 2019?
    1) Rs 5 lakh
    2) Rs 2 lakh
    3) Rs 1 lakh
    4) Rs 3 lakh
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 5 lakh
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. An Interim Budget usually doesn’t list out new schemes or doesn’t unveil any policy measures. The government will present the vote on account for the next four-to-five months. A full-fledged Budget will be presented after the House reassembles after the general election. As per the budget, No income tax for earnings up to Rs 5 lakh. Individuals with gross income of up to Rs 6.5 lakh need not pay any tax if they make investments in provident funds and prescribed equities.
  6. Standard tax deduction for salaried persons raised from Rs 40,000 to Rs ____, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) Rs 50,000
    2) Rs 60,000
    3) Rs 70,000
    4) Rs 80,000
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 50,000
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. Standard tax deduction for salaried persons raised from Rs 40,000 to Rs 50,000. TDS threshold to be raised from Rs. 10,000 to Rs. 40,000 on interest earned on bank/post office deposits. I-T processing of returns to be done in 24 hours.
  7. Fiscal deficit for 2018/19 is seen at what percent of GDP, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) 3.4 %
    2) 4.3 %
    3) 5.1 %
    4) 2.9 %
    5) None of these
    Answer & Explanation
    Answer – 1) 3.4 %
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. Fiscal deficit for 2018/19 seen at 3.4% of GDP.
  8. FY20 total expenditure seen at ____ rupees, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) 53.45 trillion rupees
    2) 27.84 trillion rupees
    3) 65.23 trillion rupees
    4) 32.88 trillion rupees
    5) None of these
    Answer & Explanation
    Answer – 2) 27.84 trillion rupees
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. FY20 total expenditure seen at 27.84 trillion rupees. FY20 capital expenditure seen at Rs 3,36,292 crore. Central schemes to get Rs 3,27,679 crore FY20. Recovered Rs 3 lakh crore via bankruptcy code.
  9. Current account deficit for 2018/19 is seen at what percent of GDP, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) 5.0 %
    2) 2.5 %
    3) 3.7 %
    4) 4.2 %
    5) None of these
    Answer & Explanation
    Answer – 2) 2.5 %
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. Current account deficit for 2018/19 seen at 2.5% of GDP. Bank of India, Bank of Maharashtra and Oriental Bank no more under RBI’s prompt corrective action.
  10. TDS threshold to be raised from Rs. 10,000 to _____ rupees on interest earned on bank/post office deposits, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) Rs 20,000
    2) Rs 40,000
    3) Rs 30,000
    4) Rs 15,000
    5) None of these
    Answer & Explanation
    Answer – 2) Rs 40,000
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. TDS threshold to be raised from Rs. 10,000 to Rs. 40,000 on interest earned on bank/post office deposits. Housing and real estate sector to get boost-
    • TDS threshold on rental income increased from ₹1.8 lakh to ₹2.4 lakh.
    • Benefit of rollover of capital gains increased from investment in one residential house to two residential houses for capital gains up to Rs. 2 crores.
    • Tax benefits for affordable housing extended till 31st March, 2020 under Section 80-IBA of Income Tax Act
    • Tax exemption period on notional rent, on unsold inventories, extended from one year to two years
  11. New Pension Scheme (NPS) has been increased from 10% to what percent with effect from April 1, 2019, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) 11 %
    2) 12 %
    3) 13 %
    4) 14 %
    5) None of these
    Answer & Explanation
    Answer – 4) 14 %
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. New Pension Scheme (NPS) had been increased 10% to 14% with effect from April 1, 2019.
  12. Gratuity limit payment increased from Rs. 10 lakhs to ____, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) Rs 15 lakhs
    2) Rs 20 lakhs
    3) Rs 25 lakhs
    4) Rs 30 lakhs
    5) None of these
    Answer & Explanation
    Answer – 2) Rs 20 lakhs
    Explanation:
    Union Finance Minister Piyush Goyal presented an Interim Budget for 2019 in Parliament on February 1 2019. Gratuity limit payment increased from Rs. 10 lakhs to Rs. 20 lakhs.
  13. Defence budget has been hiked to over ____ rupees for first time ever, as per the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal?
    1) Rs 3 lakh crore
    2) Rs 2 lakh crore
    3) Rs 5 lakh crore
    4) Rs 6 lakh crore
    5) None of these
    Answer & Explanation
    Answer – 1) Rs 3 lakh crore
    Explanation:
    Defence budget hiked to over Rs 3 lakh crore for first time ever, in the Interim Budget for 2019 presented by Union Finance Minister Piyush Goyal in Parliament.
  14. Government constituted a committee under Central Electricity Authority (CEA) to explore prepaid payments by state electricity distribution companies to power plants, on the recommendation of Cabinet Secretary ____, on 1stFebruary 2019?
    1) N K Singh
    2) P K Sinha
    3) P P Malhotra
    4) Raman Singh
    5) None of these
    Answer & Explanation
    Answer – 2) P K Sinha
    Explanation:
    On February 1,2019 , On recommendation of Cabinet Secretary P K Sinha ,The government constituted a committee under the Central Electricity Authority (CEA) to explore prepaid payments by state electricity distribution companies to power plants. The formed committee, consist of The chairman of distribution companies of Tamil Nadu and Maharashtra, and representatives from Union power ministry and power associations to look into problems of delayed payments from distribution companies to power generators.
  15. Reserve Bank of India eased out the operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and which other bank and also allowed them to exit from Prompt Corrective Action (PCA) framework fully, on 1stFebruary 2019?
    1) Oriental Bank of Commerce (OBC)
    2) Indian Overseas Bank (IOB)
    3) Indian Bank (IB)
    4) Canara Bank
    5) None of these
    Answer & Explanation
    Answer – 1) Oriental Bank of Commerce (OBC)
    Explanation:
    On February 1,2019, The Reserve Bank of India eased out the operational curbs on three banks, Bank of India (BoI),Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC) and also allowed them to have a exit from the Prompt Corrective Action ( PCA) framework fully. These three banks were part of 11 government-owned banks that were put under the Prompt Corrective Action framework in 2017 and 2018. And the government gave a capital infusion of Rs 10,000 crore for Bank of India, Rs 5,500 crore for Oriental Bank of Commerce and Rs 4,500 crore for Bank of Maharashtra, which helped the banks to come out of the framework.
  16. Which state government issued an order to ban the import of pigs and piglets on 1st February 2019, because of the possibility of outbreak of Porcine Reproductive and Respiratory Syndrome (PRRS)?
    1) Maharashtra
    2) Mizoram
    3) Sikkim
    4) Haryana
    5) None of these
    Answer & Explanation
    Answer – 2) Mizoram
    Explanation:
    On February 1,2019 ,The Mizoram Government issued an order to ban the import of pigs and piglets ,because there is a possibility of outbreak of Porcine Reproductive and Respiratory Syndrome (PRRS). PRRS disease is also called as Swine Flu,the virus of this disease generally transmitted from pigs and affects both pigs and humankind. Basically the pigs imported from Myanmar are in suspect point, pigs imported from other countries too have been banned as a move to prevent the outbreak of the PRRS in the state.
  17. Central Statistical Office (CSO) revised the GDP (Gross Domestic Product) Growth forecast to what percent from earlier estimate of 6.7%, on 31st January 2019?
    1) 6.9 %
    2) 7.0 %
    3) 7.2 %
    4) 7.4 %
    5) None of these
    Answer & Explanation
    Answer – 3) 7.2 %
    Explanation:
    On 31st January 2019, the Central Statistical Office (CSO), Ministry of Statistics and Programme implementation has revised the GDP (Gross Domestic Product) Growth forecast to 7.2% from earlier estimate of 6.7%.The revised GDP growth rate shows that the effect of demonetization was not as severe as predicted earlier. Hence various economists have criticized the revision of growth rates. The GDP growth rate at current prices also called Nominal GDP growth rate has been revised to 11.3% to 10% for 2017-18. The actual growth rate for 2016-17 has also been revised to 8.2% from the earlier estimate of 7.1% by the CSO.
  18. Government has reduced the import duty on parts and components of electric vehicles to 10-____ % in order to promote domestic assembling of electric vehicles with effect from 30th January 2019?
    1) 15 %
    2) 12 %
    3) 20 %
    4) 17 %
    5) None of these
    Answer & Explanation
    Answer – 1) 15 %
    Explanation:
    On 29th January 2019, The Government reduced the import duty on parts and components of electric vehicles to 10-15 per cent from 15-30 per cent in order to promote domestic assembling of electric vehicles. The new rates will come into effect from 30th January 2019. A separate category for parts and components of electric vehicle has been carved out by the Central Board of Indirect Taxes and Customs (CBIC) which attracts import duty of 10-15%.
  19. Who was conferred with Award of Appreciation by Ashwini Kumar Choubey, Minister of State for Health & Family Welfare, for his contribution to the Global Public Healthcare sector in New Delhi, on 30th January 2019?
    1) Samar Pant
    2) Rajiv Nath
    3) Satyabatra Das
    4) Amar Munshi
    5) None of these
    Answer & Explanation
    Answer – 2) Rajiv Nath
    Explanation:
    On January 30,2019, Rajiv Nath was conferred with prestigious Award of Appreciation by Ashwini Kumar Choubey, Honourable Minister of State for Health & Family Welfare for his contribution to the Global Public Healthcare sector in New Delhi. Rajiv Nath was honoured for his valuable, remarkable and outstanding achievements in the field of healthcare & community services for affordable MedTech access & patients safety initiatives. Rajiv Nath has also been appointed as the Member on Board of National Medical Devices Promotion Council by Department of Industrial Policy and Promotion (DIPP) to boost the Indian Medical Devices Sector and lead India to an export driven market in the Medical Devices sector.
  20. Name India’s current Ambassador to Argentina who was appointed as the new Ambassador to the Republic of Colombia, on 1st February 2019?
    1) Prakash Raj
    2) Sanjiv Ranjan
    3) Atul Saini
    4) Sriram Parthasarathy
    5) None of these
    Answer & Explanation
    Answer – 2) Sanjiv Ranjan
    Explanation:
    On 1st February 2019, Ministry of External Affairs appointed 1993 batch Indian Foreign Service (IFS) Officer Sanjiv Ranjan who is current Ambassador to Argentina as the new Ambassador to the Republic of Colombia. Sanjiv Ranjan was born in 1966 and he holds bachelors in Economics from University of Delhi and an M.A. in International Relations from Jawaharlal Nehru University (JNU).
  21. Yes Bank Senior group President and head of retail and business banking _____ resigned from his post, on 31stJanuary 2019?
    1) Ashraful Aslam
    2) Pralay Mondal
    3) Tapas Roy
    4) Rujutha Dev
    5) None of these
    Answer & Explanation
    Answer – 2) Pralay Mondal
    Explanation:
    On 31st January 2019, Yes Bank Senior group President and head of retail and business banking, Pralay Mondal resigned from his post. He will serve his notice till 31st March 2019. Pralay Mondal joined Yes Bank in 2012 and he was elevated along with Rajat Monga who handled financial management as Executive Directors of the Yes Bank in September 2018. On 31st January 2019, Yes Bank appointed Ajai Kumar who had led Syndicate Bank in past as non-executive Director till Ravneet Singh Gill from Deutsche Bank takes over from 1st March 2019.
  22. Indian Space Research Organization (ISRO) selected 10 companies jointly with _____ for transfer of its Lithium-ion cells technology developed by Vikram Sarabhai Space Centre (VSSC), Thumba, on 29th January 2019?
    1) Defence Research and Development Organisation (DRDO)
    2) NITI Aayog
    3) Council for Scientific and Industrial Research (ISRO)
    4) Ministry of Science and Technology
    5) None of these
    Answer & Explanation
    Answer – 2) NITI Aayog
    Explanation:
    On 29th January 2019, The Indian Space Research Organization (ISRO) selected 10 companies jointly with the NITI-Aayog from a list of 141 companies for transfer of its Lithium-ion cells technology developed by the Vikram Sarabhai Space Centre (VSSC), Thumba. The Selected companies are:
    Company NamePlace
    Amara Raja Batteries Ltd.Chittoor, Andhra Pradesh
    Bharat Electronics Ltd.Pune, Maharashtra
    Carborundum Universal Ltd.Kochi
    Exicom Tele-systems Ltd.Gurugram, Haryana
    GOCL Corporation Ltd.Hyderabad,
    Jyoti CNC Automation Ltd.Rajkot
    National Aluminum Company LtdBhubaneswar
    Sukhbir Agro Energy Ltd.New Delhi
    Tata Chemicals Ltd.Mumbai
    Thermax Ltd.Pune
  23. South Korea’s Ki Sung-yueng announced his retirement from which sport on 31st January 2019?
    1) Cricket
    2) Football
    3) Hockey
    4) Basketball
    5) None of these
    Answer & Explanation
    Answer – 2) Football
    Explanation:
    On January 31,2019, Football player Ki Sung-yueng announced his retirement from the South Korean national team. The midfielder though decided to retire after the 2018 FIFA World Cup in Russia yet decided to compete in the 2019 AFC Asian Cup, which held in United Arab Emirates, under the new national team coach Paulo Bento.
  24. ____ won the Regetta trophy in the Area Pulling Regatta Kochi 2019 of the (SNC Southern Naval Command) held in Kochi, on 31st January 2019?
    1) INS Vikrant
    2) INS Shivani
    3) INS Dronacharya
    4) INS Kapil
    5) None of these
    Answer & Explanation
    Answer – 3) INS Dronacharyat
    Explanation:
    in the Ernakulam Channel, from the Venduruthy-Vikrant Bridge. and end at the North Jetty Southern Naval Command) held in Kochi. is one of the most prestigious and traditional naval sporting activities conducted by the Southern Naval Command. The Boat Pulling Regatta Six teams, formed from all major units of South Naval Command participated in the regatta,in which boats had to cover a distance of 1.6 km of the navy. Kochi 2019 of the (SNC Area Pulling Regatta INS Dronacharya team won the Regetta trophy in the  On January 31,2019,
  25. Name the Indian paddler who achieved a new career rank of 28 in the world rankings, on 30th January 2019?
    1) G Sathiyan
    2) Sharath
    3) Arshath Kamal
    4) Virender Singh
    5) None of these
    Answer & Explanation
    Answer – 1) G Sathiyan
    Explanation:
    On January 30,2019, Indian paddler G Sathiyan achieved a new career rank of 28 in the world rankings. He surpassed Sharath after he gained three spots in his recent game.
  26. Who became the first female paddler from India to be enlisted in the top 50 list, with a rank of 47?
    1) Pinky Reddy
    2) Manika Batra
    3) Sameera Khan
    4) Lalitha V
    5) None of these
    Answer & Explanation
    Answer – 2) Manika Batra
    Explanation:
    Manika Batra became the first female paddler from India to be enlisted in top 50 list, she made herself in rank 47.
  27. Which Indian cricketer became the first female player to play 200 ODIs during the 3rd and Final ODI against New Zealand, on 1st February 2019?
    1) Harmanpreet Kaur
    2) Mithali Raj
    3) Smriti Mandhana
    4) Jhulan Goswami
    5) None of these
    Answer & Explanation
    Answer – 2) Mithali Raj
    Explanation:
    On 1st February 2019, 36 years old India’s Women Cricket team captain, Mithali Raj became the first female player to play 200 ODIs during the 3rd and Final ODI against New Zealand. Mithali Raj has played in 200 out of 263 ODI matches that India have played till now. Mithali Raj has also scored highest runs in ODIs which is 6622 at an average of 51.33 including 7 centuries.
  28. Name the Indian golfer who has become the first Indian to grab Australian Ladies PGA Tour (LPGA) after securing 12th Rank tied with three others in the qualifying tournament held in Australia?
    1) Vani Kapoor
    2) Diksha Dagar
    3) Astha Madan
    4) Ridhima Dilawari
    5) None of these
    Answer & Explanation
    Answer – 1) Vani Kapoor
    Explanation:
    Golfer Vani Kapoor has become the first Indian to grab Australian Ladies PGA Tour (LPGA) after securing 12th Rank tied with three others in the first ever qualifying tournament at the Ballarat Golf Club in Australia. Total 81 player participated in the Qualifying tournament out of which top-20 earned the card for LPGA. Vani Kapoor finished two-over 218 after shooting rounds of 71, 78 and 69. Diksha Dagar, Astha Madan and Ridhima Dilawari also participated in the qualifying tournament but they could not grab the Card of LPGA. Diksha Dagar and Astha Madan will participate in the two day AUD 30000 event in the upcoming Australian LPGA Pro-Am.
  29. What was the theme of World Wetlands Day celebrated on 2nd February 2019?
    1) Conservation of Wetland\
    2) Wetlands and Climate Change
    3) Wetlands and the Environment
    4) Wetland Preservation
    5) None of these
    Answer & Explanation
    Answer – 2) Wetlands and Climate Change
    Explanation:
    World Wetlands Day is celebrated every year on the 2nd of February to raise global awareness on the value of wetlands for humanity and the planet. Theme of World Wetlands Day 2019 is “Wetlands and Climate Change”.

Static GK Quiz based on Current Affairs:

  1. Name the CEO and headquarters of Oriental Bank Of Commerce?
    Answer & Explanation
    Answer – CEO – Mukesh Kumar Jain; Headquarters – Gurugram
  2. Where is Mollem National Park located?
    Answer & Explanation
    Answer – Goa
  3. What is the capital and currency of Bhutan?
    Answer & Explanation
    Answer – Capital – Thimphu; Currency – Ngultrum
  4. Who is the Chairperson of Defence Acquisition Council (DAC)?
    Answer & Explanation
    Answer – Nirmala Sitharaman
  5. What is the tag line of Bank of India?
    Answer & Explanation
    Answer – Relationships beyond Banking

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