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1, 2 February 2018 GK, Current Affairs Quiz, Questions

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1st, 2nd February 2018 Current Affairs MCQs, Quiz, Questions: Current Affairs for February 2018, Daily Multiple Choice Questions (MCQs) for India GK, World GK and current affairs with Collection of daily objective type Question by www.Indiagk.net based on General Knowledge (GK) and General Science (GS) Questions for UPSC, State PSC, SSC, Police exam, Railway exam, SBI, Bank PO, IBPC, SSC, LDC, UDC, Army, Airforce, Navy, Coast Guard, Bank Clerk, TET and all entrance examination with current affairs News, Multiple Choice Questions (MCQs) available on Website www.IndiaGK.net and Android Apps with daily updates:.  

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Current Affairs Questions on 1, 2 February 2018:
Union Finance Minister Arun Jaitley presented the Union Budget for 2018-19 on 1 February 2018. What is fiscal deficit target for 2018-19?
A. 4.3%
A. 3.0%
A. 3.3%
A. 3.8%
Answer: C
Explanation: In the Budget declaration, Finance Minister Arun Jaitley disclosed that the government has revised the fiscal consolidation glide path and set fiscal deficit target for 2018-19 now at 3.3% of GDP against earlier target of 3% of GDP. It was also disclosed that the government has breached the fiscal deficit target for 2017-18. While the budget estimate was 3.3%, the revised estimate is 3.5%..............Check More at INDIA GK" App: tinyurl.com/IndiaGK

Who has been appointed the new director general of the Sports Authority of India (SAI)?
A. Anjana Puri
B. Neelam Kapoor
C. Parag Kishore
D. Rajeev Kumar
Answer: B
Explanation: Neelam Kapoor, a 1982 batch officer of the Indian Information Service (IIS), has been appointed as the new director general of the Sports Authority of India (SAI). At present, she is the Principal Director General of the Directorate of Field Publicity. The Appointments Committee of the Cabinet approved her appointment to the post till her superannuation, i.e. July 31, 2019. Kapoor was also the Principal Director General of the Press Information Bureau in the UPA government. As PIB chief, she was in-charge of information officers attached to every central government ministry..............Check More at INDIA GK" App: tinyurl.com/IndiaGK

What is the disinvestment target for 2018-19, as was announced in the Union Budget on 1 February 2018?
A. Rs. 50,000 crore
A. Rs. 70,000 crore
A. Rs. 90,000 crore
A. Rs. 80,000 crore
Answer: D
Explanation: The government in the Budget presented on 1 February 2018 announced a disinvestment target of Rs 80,000 crore for 2018-19 while suggesting that the figure for the current fiscal may cross the Rs 1 lakh crore mark. In his previous Budget speech in 2017, Jaitley had pegged the divestment target at Rs 72,500 crore. With total disinvestment proceeds of Rs 54,338 crore so far, the Rs 37,000 crore ONGC-HPCL deal is all set to push the divestment proceeds in FY18 to a record Rs 1 lakh crore mark..............Check More at INDIA GK" App: tinyurl.com/IndiaGK

Which country is the world’s largest steel producer in 2017?
A. USA
B. Japan
C. India
D. China
Answer: D
Explanation: China has remained the world’s largest steel producer in 2017 by producing 831.7 million tonnes (MT), according to a latest report published by World Steel Association (WSA). Japan has acquired 2nd position while India overtook the US to become the world’s 3rd largest steel producer. .............Check More at INDIA GK" App: tinyurl.com/IndiaGK

What is the name given to the 4% cess announced in the Union Budget 2018-19 on 1 February 2018 that will replace the present 3% Education cess?
A. Health and Education Cess
B. MSP and Education cess
C. Health Cess
D. New India cess
Answer: A
Explanation: The Union Government proposed to replace existing 3% education cess on personal income tax and corporation tax with a new 4% ‘Health and Education Cess’ to take care the education and health needs of poor and rural families, as was announced on 1 February 2018. At present, a 3% cess, consisting of 2% cess for primary education and 1% cess for secondary and higher education, is levied on personal income tax and corporation tax. .............Check More at INDIA GK" App: tinyurl.com/IndiaGK

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