Current Affairs Quiz for February 4, 2019: This section covers the GK and Current Affairs quiz with daily MCQs on National Affairs, International Affairs, Economy, Banking Affairs, Polity, Geography, Environment, Sports etc. for competitive examinations viz. UPSC, SSC, Bank PO, Bank Clerk, IBPS, Railways, Government Jobs, UPPSC, MPSC, and other state exams. This current affairs quiz will help you in General Awareness section conducted in various Banking, SSC, Insurance, Railways, and other govt job entrance exams. Current affairs quiz will also help you outshine in the crowd with all the information you gain from this article.

So, follow our Current affairs quiz daily to crack any kind of competitive exams you come across in India. Wait no more and let’s take today’s Current affairs quiz.

Attempt Current affairs Quiz for February 1, 2019

Current Affairs Quiz -04/02/2019

1. The name of the Kisan yojana launched recently by the Union Government in the Budget 2019 is __.

A. Pradhan Mantri Kisan Samman Nidhi
B. Pradhan Mantri Kisan Yojana
C. Pradhan Mantri Krishi Yojana
D. Pradhan Mantri Krishi Sichai Yojana
E. None of the above

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Solution: A
Explanation: To provide assured income to small and marginal farmers, the Government has introduced a historic yojana- Pradhan mantri kisan samman nidhi. Under the yojana, the vulnerable farmers, who own around 2 hectares of land, will get direct income support of Rs 6000 per year.[/ms_expand]

2. How much rent will now be exempted from the TDS as per the Interim Budget 2019?
A. Rs 2.4 lakh
B. Rs 3.2 lakh
C. Rs 4.0 lakh
D. Rs 4.5 lakh
E. None of these

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Solution: A
Explanation: The Tax Deducted at Source (TDS) on fixed deposits and postal deposits will be exempted for interest earned up to Rs 40,000 from Rs 10,000 currently. The rent up to Rs 2.4 lakh will be exempted from TDS.[/ms_expand]

3. What is the total amount allotted for the Pradhan Mantri Kisan Samman Nidhi Yojana in the Bidget, 2019?
A. Rs 60000 crore
B. Rs 75000 crore
C. Rs 100000 crore
D. Rs 125000 crore
E. None of these

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Solution: B
Explanation: The Scheme ‘Pradhan Mantri Kisan Samman Nidhi’ will provide assured income to small and marginal farmers. Vulnerable farmers with 2 hectares of land will be given Rs 6000 per year. The complete expenditure of Rs 75000 crore for the scheme will borne by the Union Government.[/ms_expand]

4. Individual taxpayers will get a full tax rebate of upto?
A. Rs 3 lakh
B. Rs 5 lakh
C. Rs 7 lakh
D. Rs 9 lakh
E. None of these
Solution: B
Explanation:
Individual taxpayers with taxable income of up to Rs 5 lakh will get full tax rebate from now on. Those earning Rs 6.5 lakh will not have to pay tax, if they invested in specified savings such as PF, PPF, etc.[/ms_expand]

5. How much amount of capital support is allocated for the Indian Railways in 2019-20?
A. Rs 36,292 crore
B. Rs 58,166 crore
C. Rs 64,587 crore
D. Rs 1,58, 658 crore
E. None of these

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Solution: C
Explanation:
The capital support from the budget for railways is proposed at Rs 64,587 crore in 2019-20. The railways’ overall capital expenditure programme is of Rs 1,58, 658 crore.[/ms_expand]

6. How much direct income support will be provided to the farmers in a year under the new scheme?
A. Rs 8000
B. Rs 5000
C. Rs 6000
D. Rs 9000
E. None of these

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Solution: C
Explanation:
Under the Pradhan Mantri Kisan Samman Nidhi (KISAN), the vulnerable farmers, who own around 2 hectares of land, will get direct income support of Rs 6000 per year. The income support will be transferred directly to the account of the beneficiary farmer in three equal installments of Rs 2000 each. It would be fully funded by the Government of India.[/ms_expand]
7. How many crore LPG connections have already been distributed under PM Ujjwala Yojana, as told during the budget?
A. 8 crore
B. 5 crore
C. 3 crore
D. 6 crore
E. None of these

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Solution: D
Explanation: The government aims to make women in rural India free from the smoke of wood by providing cleaner fuel. The Government aims to deliver 8 crore free LPG connections to rural households, of which 6 crore connections have already been distributed under Ujjwala Yojana. In the next year, another 2 crore connections will be disbursed.[/ms_expand]

8. As decided by the union government, the container cargo movement to the North East will cross through which river?
A. Ganga
B. Brahmaputra
C. Yamuna
D. Godavari
E. None of these

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Solution: B
Explanation:
The government plans to introduce container cargo movement to the North East as well, by improving the navigation capacity of the Brahmaputra River.The Brahmaputra river is one of the major rivers of Asia. It is about 3,848 km (2,391 mi) long, the Brahmaputra is an important river for irrigation and transportation.[/ms_expand]

9. The Rashtriya Kamdhenu Aayog is set up for the welfare of which animal?
A. Cow
B. Tiger
C. Rhino
D. Goat
E. None of these

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Solution: A
Explanation:
The Union Government has decided to set up Rashtriya Kamdhenu Aayog to upscale sustainable genetic up-gradation of cow resources and to enhance production and productivity of cows. The committee would also look into implementing policies and schemes for welfare of cows. It aims to enhance the production and productivity cows.[/ms_expand]

10. As per the Interim Budget, the 22nd All India Institute of Medical Sciences will be set up in?
A. Haryana
B. Punjab
C. Telangana
D. Rajasthan
E. None of these

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Solution: A
Explanation: There are 21 All India Institute of Medical Sciences (AIIMS) functioning currently in India. Of these 21, 14 AIIMS was set up under the present government. The 22nd AIIMS will come up in Haryana.[/ms_expand]

11. What amount has been allocated for the Pradhan Mantri Gram Sadak Yojana for construction of more rural roads?
A. Rs 60000 crore
B. Rs 38000 crore
C. Rs 22000 crore
D. Rs 19000 crore
E. None of these

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Solution: D
Explanation: Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. It was the last Budget of the Modi Government before the 2019 Lok Sabha elections. The Budget allocates Rs 19000 crore for Pradhan Mantri Gram Sadak Yojana for construction of more rural roads.[/ms_expand]

12. Under the Pradhan Mantri Shram-Yogi Maandhan scheme, pension workers will get Rs. ___ after attaining the age of 60 years?
A. Rs 1500
B. Rs 3000
C. Rs 4500
D. Rs 6000
E. None of these

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Solution: B
Explanation: Considering that half of the GDP comes from the unorganised sector, Finance Minister announced the launch of the mega pension scheme ‘Pradhan Mantri Shram-Yogi Maandhan’ for the unorganised sector workers with income of less than Rs 15,000. Under the scheme, the workers will be able to earn Rs 3000 after attaining the age of 60 years.[/ms_expand]

13. In the Interim Budget 2019-20, how much amount has been allocated for the Mahatma Gandhi National Rural Employment Guarantee Act?
A. Rs 19000 crore
B. Rs 24000 crore
C. Rs 48000 crore
D. Rs 60000 crore
E. None of these

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Solution: D
Explanation: Finance Minister Piyush Goyal presented the Interim Budget 2019-20 on February 1, 2019. It was the last Budget of the Modi Government before the 2019 Lok Sabha elections. Rs 60000 crore were allocated for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).[/ms_expand]

14. Finance Minister Piyush Goyal presented the Union Budget 2019-20 recently. This year Budget will be the Interim Budget. What is another term used for Interim Budget??
A. Demands for Grants
B. Guillotine
C. Vote on Account
D. Appropriation Bill
E. None of these

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Solution: C
Explanation: Finance Minister Piyush Goyal presented the Union Budget 2019-20 on February 1, 2019. It was the last Budget of the Modi Government before the 2019 Lok Sabha elections. This year, the government gave the Interim Budget, also known as ‘Vote on Account’ as it is close to the end of its term. An interim budget is usually passed by the Lok Sabha without discussion.[/ms_expand]

15. The Budget has proposed to raise the deduction limit for medical expenditure for certain critical illness for senior and very senior citizens of the society to __
A. Rs 90,000
B. Rs 1.5 Lakh
C. Rs 85,000
D. Rs 95,000
E. Rs 1 Lakh

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Solution: E
Explanation: In order to give relief to Senior Citizens, there is an increase in the deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of senior citizens) and from Rs. 80,000 (in case of very senior citizens) to Rs. 1 lakh for all senior citizens, under section 80DDB.[/ms_expand]

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