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  • Question
  • What is the revised interest rate of Employee's Provident Fund (EPF) for 2018-19?


  • Options
  • A. 8.45%
  • B. 8.55%
  • C. 8.35%
  • D. 8.65%

  • Correct Answer
  • 8.65% 

    Explanation
    The Department of Financial Services, a wing of the Ministry of Finance, has approved an Employee's Provident Fund (EPF) interest rate hike of 10 basis point to 8.65 percent for 2018-19, as decided by the retirement fund body Employee's Provident Fund Organisation (EPFO). This move will benefit more than 6 crores formal sector workers. Earlier in 2017-18, the interest rate on EPF was 8.55 percent.In February 2019, the EPFO's apex decision making body, the Central Board of Trustees headed by Labour Minister Santosh Gangwar, had decided to hike the interest rate on EPF to 8.65 percent for 2018-19 from 8.55 percent for 2017-18. This hike was the first increase in the last three years.

  • More questions

    • 1. The Union government will launch "SAMPADA Scheme" for which sector?

    • Options
    • A. Mining
    • B. Education
    • C. Food processing
    • D. Tourism
    • Discuss
    • 2. Noted film director Diphan, who died recently, was well known for making films in which language?

    • Options
    • A. Hindi
    • B. Bengali
    • C. Malayalam
    • D. Marathi
    • Discuss
    • 3. Union Government signed USD 350 million loan agreement with which financial organisation for road projects in Madhya Pradesh?

    • Options
    • A. International Monetary Fund (IMF)
    • B. World Bank
    • C. New Development Bank
    • D. Asian Development Bank
    • Discuss
    • 4. The film, 'Pele: Birth of a Legend', is featured in the initial list of Oscar nomination for two categories Best Original Score and Original Song category. Which song from the movie has been selected as one of the nomination contenders?

    • Options
    • A. Against All Odds
    • B. Ginga
    • C. Locker Room
    • D. Conquering the Demons
    • Discuss
    • 5. Who is the author of the book "Every Time It Rains"?

    • Options
    • A. Vikram Seth
    • B. Nikitha Singh
    • C. Mahi Jadon
    • D. Amitav Ghosh
    • Discuss
    • 6. Which film has won the Golden Peacock award at the 2016 International Film Festival of India (IFFI)?

    • Options
    • A. Rauf
    • B. Daughter
    • C. The Throne
    • D. Cold of Kalandar
    • Discuss
    • 7. The world's largest open air theatre, 11-days Bargarh Dhanu Yatra that concluded in second week of January 2017 with the death King Kansa at the hands of his nephew Lord Krishna is held in which state?

    • Options
    • A. Bihar
    • B. Uttar Pradesh
    • C. Jharkhand
    • D. Odisha
    • Discuss
    • 8. Which Indian Film opens the 2018 London Indian Film Festival?

    • Options
    • A. Sanju
    • B. Race 3
    • C. Raazi
    • D. Love Sonia
    • Discuss
    • 9. Famous HIV/AIDS researcher Mark Wainberg passed away recently. He belonged to which country?

    • Options
    • A. USA
    • B. Canada
    • C. United Kingdom
    • D. Australia
    • Discuss
    • 10. Which film won the Best Foreign Film in Oscar 2019?

    • Options
    • A. Shoplifters
    • B. Cold War
    • C. Roma
    • D. Capernaum
    • Discuss


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