Current Affairs Quiz – 7 February 2019

Current Affairs Quiz 7 February 2019: Based on the Current Affairs and Important News of 7 February 2019 we have framed important current affairs questions for banking and competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams. Give our online current affairs test everyday to be prepared for any exam. We try to prepare the best and most expected current affairs questions with answers. Attempt our daily current affairs quiz on our mobile app too.

Current Affairs Quiz 7 February 2019

  1. What is the current Repo Rate?
    A) 6.25%

    B) 6.00%
    C) 6.75%
    D) 6.50%
    View answer
    Option A
    Explanation: 
    Repo Rate: 6.25% Reverse Repo Rate: 6.00% Marginal standing facility (MSF) rate and the Bank Rate: 6.50% CRR: 4% SLR: 19.25% 
  2. The Bike Ambulance Service “First Responder Vehicles” has been launched by which state?
    A) Haryana

    B) Delhi
    C) Gujarat
    D) Andhra Pradesh
    View answer
    Option B
    Explanation: 
    Delhi Government on February 07, 2019 launched Bike Ambulance Service in order to ensure timely health assistance in traffic-congested areas and small lanes. The bikes will be known as First Responder Vehicles and will have a portable oxygen cylinder, first aid kit and dressing materials, air-splints, GPS and communication device, among others. 
  3. What is the rank of India in the International Intellectual Property (IP) Index 2019?
    A) 28

    B) 41
    C) 52
    D) 36
    View answer
    Option D
    Explanation: 
    India has been ranked 36th in the International Intellectual Property (IP) Index 2019 released by the US Chamber of Commerce’s Global Innovation Policy Center (GIPC). United States has topped the index followed by UK on second. 
  4. The mobile app “MoooFarm” has been launched for which category of farming?
    A) Co-operative Farming

    B) Ley Farming
    C) Dairy Farming
    D) Plantation Farming
    View answer
    Option C
    Explanation: 
    Gajendra Singh Shekhawat, Minister of State for Agriculture and Farmers’ has launched a mobile application named ‘MoooFarm’ to provide advisory services to dairy farmers. The app has been developed by an Australia-based innovative agri-tech company named MooFarm. 
  5. The Cabinet meeting on February 6, 2019 has approved the creation of  Agri-Market Infrastructure Fund (AMIF) with NABARD with a corpus of ________
    A) Rs 2,000 crore

    B) Rs 1,000 crore
    C) Rs 3,000 crore
    D) Rs 5,000 crore
    View answer
    Option A
    Explanation:
    The Union Cabinet has approved the proposal for creation of a corpus of Rs. 2000 crore for Agri-Market Infrastructure Fund (AMIF) to be created with NABARD for development and up-gradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets.
  6. RBI has hiked the limit under collateral­–free agriculture loans to how much amount?
    A) Rs 2.6 lakh

    B) Rs 1.5 lakh
    C) Rs 2 lakh
    D) Rs 1.6 lakh
    View answer
    Option D
    Explanation: 
    The Reserve Bank of India has announced to increase the collateral­–free agriculture loans from Rs 1 lakh to Rs 1.6 lakh. This will enhance coverage of small and marginal farmers in the formal credit system. 
  7. The digital skilling and mentorship initiative “GOAL” has been launched by which company?
    A) Google

    B) Facebook
    C) Amazon
    D) Paytm
    View answer
    Option B
    Explanation: 
    Facebook has launched an initiative named GOAL (Going Online As Leaders) that is a digital skilling and mentorship initiative in 5 states of India. The 5 states are West Bengal, Maharashtra, Jharkhand, Odisha and Madhya Pradesh. The GOAL initiative will train young girls from these 5 states in digital literacy, life skills, leadership and entrepreneurship for an year. 
  8. The Darwaza Band -Part 2 campaign of the Swachh Bharat Mission is being endorsed by which celebrity?
    A) Akshay Kumar

    B) Anushka Sharma
    C) Amitabh Bachchan
    D) Vidya Balan
    View answer
    Option C
    Explanation: 
    The Swachh Bharat Mission Grameen launched the nation wide ‘Darwaza Band -Part 2’ campaign on February 6, 2019 in Mumbai. The World Bank supported campaign focuses on sustaining the open defecation free status of villages across the country.
  9. RBI has revised the definition of Bulk Deposit as single rupee deposits of Rs ________ and above
    A) Rs 5 crore

    B) Rs 3 crore
    C) Rs 1 crore
    D) Rs 2 crore
    View answer
    Option D
    Explanation: 
    The Reserve Bank of India has announced to revise the definition of Bulk Deposit from single rupee deposits of ₹1 crore to single rupee deposits of ₹2 crore and above. Bulk Deposit: Single – Rupee term deposits (Single Deposit in Rupee denomination for fixed term) of Rupees two crore and above for Scheduled Commercial Banks other than Regional Rural banks.
  10. The first-of-its-kind project “India Size” has been launched by which ministry?
    A) Ministry of Textile

    B) Ministry of External Affairs
    C) Ministry of Health and Family Welfare
    D) Ministry of Home Affairs
    View answer
    Option A
    Explanation: 
    The Union Minister for Textiles, Smriti Zubin Irani launched project “India Size” in Mumbai on February 6 during an event “Transforming India Through Retail” organised by The Clothing Manufacturers Association of India (CMAI). The first-of-its-kind project in the history of India, India Size, will focus on developing a standard Indian Size for the ready-to-wear clothing industry in the same way as the standardized sizes are available in countries such as the USA and the UK.

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