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Weekly Current Affairs Quiz: 18 February to 24 February 2019

18 February to 24 February 2019: The Current Affairs Quizzes section of Jagranjosh aims to help every competitive exam aspirant to revise at ease. The week's updated quizzes cover the topics like Aero India 2019, 2018 Seoul Peace Prize and increase in interest rate on Employees’ Provident Fund among others.

Feb 24, 2019 10:41 IST
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18 February to 24 February 2019: The Current Affairs Quizzes section of Jagranjosh aims to help every competitive exam aspirant to revise at ease. The week's updated quizzes cover the topics like Aero India 2019, 2018 Seoul Peace Prize and increase in interest rate on Employees’ Provident Fund among others.

1. Union Minister Suresh Prabhu on February 19, 2019 cleared proposals to encourage investments in Start-Ups. Now, registered startups will be exempted from Angel Tax on funding of up to what amount?
a) Rs 25 crore
b) Rs 30 crore
c) Rs 35 crore
d) Rs 40 crore

2. Defence Minister Nirmala Sitharaman inaugurated the 12th biennial edition of International Aerospace and Defence Exhibition ‘Aero India 2019’ at which location?
a) Air Force Station Yelahanka
b) Air Force Station Palam
c) Air Force Station Hindon
d) Air Force Station Lucknow

3. Who became the 14th recipient of the 2018 Seoul Peace Prize?
a) Narendra Modi
b) Vladimir Putin
c) Donald Trump
d) Ban-Ki-Moon

4. Which country recently announced to invest USD 100 billion in India?
a) Morocco
b) Argentina
c) South Korea
d) Saudi Arabia

5. The Employees’ Provident Fund Organisation (EPFO) recently raised the interest rate on Employees’ Provident Fund (EPF) to what percent for 2018-19?
a) 8.35 percent
b) 8.45 percent
c) 8.55 percent
d) 8.65 percent

6. Which aircraft recently received the Final Operational Clearance for induction into the Indian Air Force (IAF) as a fully-weaponised fighter jet?
a) Mi-17 V-5 helicopter
b) LCA Tejas
c) F-16 Falcon
d) Rafale

7. The President of which nation has declared a national emergency?
a) United Kingdom
b) Australia
c) New Zealand
d) United States

8. India and Argentina signed how many Memorandums of Understanding during the state visit of Argentine President Mauricio Macri to India?
a) Three
b) Five
c) Six
d) Ten

9. India has raised customs duty to 200 per cent on all goods imported from which nation?
a) Pakistan
b) China
c) Myanmar
d) Saudi Arabia

10. Which international cricketer has announced his retirement from One Day Internationals?
a) Ross Taylor
b) Martin Guptill
c) Chris Gayle
d) Lasith Malinga

ANSWERS

1. (a) Rs 25 crore
Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu on February 19, 2019 cleared proposals to encourage investments in Start-Ups, aiming at simplifying the process of exemptions for Start-ups from the ‘Angel Tax’. As per the new norms, registered startups will be exempted from tax on funding of up to Rs 25 crore compared with the existing limit of Rs 10 crore.

2. (a) Air Force Station Yelahanka
Defence Minister Nirmala Sitharaman inaugurated the 12th biennial edition of International Aerospace and Defence Exhibition ‘Aero India 2019’ at Air Force Station Yelahanka, Bengaluru. For the first time, the 2019 edition of Aero India combines the defence and civil aviation segments into a holistic event with the co-involvement of the defence and civil aviation ministries.

3. (a) Narendra Modi
Prime Minister Narendra Modi on February 22, 2019 received the prestigious Seoul Peace Prize 2018 for his contribution to international cooperation and fostering global economic growth. The award was presented to him by Kwon E-hyock, the Chairman of the Seoul Peace Prize Cultural Foundation at a grand ceremony in Seoul, South Korea.

4. (d) Saudi Arabia
The Crown Prince of Saudi Arabia, Mohammed bin Salman bin Abdulaziz Al Saud, who is also the Deputy Prime Minister and Minister of Defence of Saudi Arabia, visited India on February 19-20, 2019. He announced to invest over USD 100 billion in India in areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining, manufacturing, education and health.

5. (d) 8.65 percent
The Employees’ Provident Fund Organisation (EPFO), the retirement fund manager under the Union Labour Ministry, raised the interest rate on Employees’ Provident Fund (EPF) accumulations to 8.65 percent for 2018-19.

6. (b) LCA Tejas
Landmark day for India's defence sector, India's first self-made fighter jet, Light Combat Aircraft Tejas MK I (LCA Tejas) on February 20, 2019 received the Final Operational Clearance for induction into the Indian Air Force (IAF) as a fully-weaponised fighter jet.

7. (d) United States
US President Donald Trump on February 15, 2019 signed an executive order declaring national emergency in the nation. The move would unblock billions of dollars of federal money to construct a wall along the US-Mexico border. Trump explained the move by saying that it was essential to prevent the country from "invasion" of illegal immigrants, drug dealers and criminal cartels.

8. (d) Ten
India and Argentina released a Joint Statement on February 18, 2019 after extensive talks between Indian Prime Minister Narendra Modi and the President of the Argentine Republic, Mauricio Macri, who is on a state visit to India from February 17-19, 2019. Following the extensive talks, ten Memorandums of Understanding (MoUs) were signed between the two nations.

9. (a) Pakistan
India has raised the basic customs duty to 200 per cent on all goods imported from Pakistan with immediate effect following withdrawal the Most Favoured Nation (MFN) status in the aftermath of the Pulwama terror attack.

10. (c) Chris Gayle
Veteran West Indies batsman Chris Gayle has announced that he will retire from One-day Internationals after this year’s World Cup in England and Wales. The announcement was made by West Indies Cricket on February 17, 2019.

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