50+ Expected Questions on Budget 2017-18
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Financial Sector:
1. Which of the following board was
announced to be abolished in the
Budget 2017-18? - Foreign Investment
Promotion Board
2. How much amount is set as the lending
target of Pradhan Mantri Mudra Yojana
for FY2017-18? - Rs 2.44 lakh crore
3. How many schemes will the government
launch to promote BHIM app? - 2
4. What are the two new Schemes will be
launched to promote the usage of BHIM
App? - Referral Bonus Scheme for
individuals and a Cashback Scheme for
merchants.
5. As per the Union Budget 2017,
transaction above how much amount
will not be permitted in cash? - 3 lakhs
6. How much amount has been allocated
for the BharatNet Project? - 10000 crore
rupees
7. Union Government recently proposed to
have a carry-forward of MAT for
_________. - 15 years
8. In the Budget 2017-18, holding period
for long term capital gain lowered to
how many years? - 2 years
9. Capital gains tax to be exempted for
persons holding land from which land
was pooled for creation of the state
capital of _________. - Andhra Pradesh
10. In the Budget 2017-18, government
proposes to reduce basic customs duty
for LNG to what per cent? - 2.5%
11. What is the rate of tax for individuals
earning between Rs. 2.5- Rs 5 lakh? - 5%
12. The government announced simple one
page return for people with an annual
income of _________. - Rs 5 Lakhs
13. How much surcharge will be imposed on
the Income earned between Rs 50 lakh
to Rs 1 crore? - 10 %
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14. According to the Union Budget 2017, if
the Income earned is above Rs 1 crore,
then it will fetch what per cent of
surcharge? - 15%
15. What is the time period of revising the
Income Tax Returns as per the Union
Budget 2017? - 12 months
16. In order to give a boost to banking
sector, the Union Budget 2017 proposes
how much provision for Non-Performing
Asset? - 8.5%
17. In the Budget 2017-18, how much tax
rate has been announced to be imposed
on the small and medium-sized
companies that have an annual turnover
of up to Rs 50 crore? - 25%
18. In the Budget 2017-18, 25% tax rate has
been announced to be imposed on the
small and medium-sized companies that
have an annual turnover of up to
_______. - Rs 50 Crore
Miscellaneous:
1. How many themes were there in the
2017-18 Union Budget? - 10
2. According to the Budget 2017-18, total
expenditure is _______. - Rs. 21, 47,000
crore.
3. According to the Budget 2017-18, capital
expenditure will be _________. - 25.4%
4. According to the Budget 2017-18, total
resources transferred to States and
Union Territories is ________. - Rs 4.11
lakh crore
5. According to the Budget 2017-18,
expenditure for science and technology
is _________. - Rs. 37,435 crore
6. Finance Minister announced in his
Budget Speech that the maximum
amount of cash donation for a political
party will be __________. - 2000
7. In the Union Budget 2017-18, how much
amount has been allocated for the
defence sector? - Rs. 2.74,114 crore.
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2. During 2017-18, how many farm ponds

will be be taken up under the
Agriculture sector: MGNREGA? - 5 lakh
3. How much amount has been allocated
1. In Union Budget 2017-18 it was
for Rural, Agriculture and Allied sectors?
announced that a dedicated micro
- 1,87,223 crore rupees
irrigation fund will be set up for
4. How much amount has been allocated
NABARD. What will be the initial corpus?
for Pradhan Mantri Gram Sadak Yojana
- 5000 crore rupees
for 2017-18? - Rs. 19,000 crore
2. A dedicated micro-irrigation fund will be
5. According to the Union Budget 2017-18,
set up by NABARD to achieve the goal of
imparting new skills to the people in the
_________. - 'Per Drop More Crop'
rural areas, mason training will be
3. How much amount is allocated for the
provided to 5 lakh persons by _______. -
fund for Pradhan Mantri Fasal Bima
2022
Yojana? - Rs 13240 crore
6. How much amount did government
4. How much amount is allocated as credit
allocate for the Deendayal Antyodaya
to farmers in the 2017-18 Union Budget?
Yojana- National Rural Livelihood
- 10 lakh crore
Mission for 2017-18? - Rs 4500 crore
5. In the 2017-18 Union Budget a sum of
7. Union Government targets to achieve
Rs. 10 lakh crore is allocated as credit to
100 per cent village electrification by
farmers, with how many days of interest
__________. - 1st May, 2018
waiver? - 60 days
8. According to the budget speech by Arun
6. According to the Budget 2017-18
Jaitley, Sanitation coverage in rural areas
government will set up mini labs in Krishi
has gone up to ______. - 60%
Vigyan Kendras for what purpose? - soil
testing
7. In Union Budget 2017-18, irrigation
corpus increased from Rs 20,000 crore to For youth and Education:
___________. - 40,000 crore rupees
1. What is the corpus of SANKALP Scheme?
8. According to the Budget 2017-18, dairy
- Rs 4,000 crore
processing infrastructure fund wlll be
2. What does SANKALP stands for? - Skill
initially created with how much amount
Acquisition and Knowledge Awareness
of corpus? - 2000 crore rupees
for Livelihood Promotion
9. What will be the initial corpus of newly
3. What is the corpus of STRIVE scheme? -
announced Milk Processing Units in
Rs 2,200 crore
Budget 2017-18? - 8000 crore rupees
4. Government recently announced STRIVE
Scheme for students. What does STRIVE
stands for? - Skill Strengthening for
Rural population: Industrial Value Enhancement
5. How many India International centres
1. The government targets to bring 1 crore
will be set up across the country? - 100
households out of poverty by
6. Which platform will be launched with
_________. - 2019
atleast 350 online courses for enabling

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students to virtually attend courses? - Infrastructure and railways:

SWAYAM
7. In how many districts will government 1. How much amount has been allocated
introduce a system of measuring annual for infrastructure sector? - Rs. 39,61,354
learning outcomes and come out with an 2. According to the Budget 2017-18, how
innovation fund for secondary many points will the Indian Railways
education? - 3,479 focus? - 4
8. Which initiative will be launched by
Union Government to provide education 3. Which of the following facility will be
and skills through digital means, as per introduced to register all coach related
the Union Budget 2017? - DigiGaon complaints? - Coach Mitra
4. How much amount has been allocated
for railways? - Rs. 1,31,000 crore
5. Raksha coach will be set up with a corpus
For the women, child, poor and
of _______. - 1 lakh crore rupees (for 5
underprivileged health care: years)
6. Raksha coach will be set up for which
1. How much amount has been allocated
purpose? - Passenger safety
for Mahila Shakthi Kendras? - Rs 500
7. Union Government targets to eliminate
crore
unmanned level crossings by
2. The government has set a target to
_________. - 2020
eliminate tuberculosis by - 2025
8. The government announced all trains
3. How many health sub centers will be
will have bio-toilets by ________. - 2019
transformed into health wellness
9. How many railways stations will be
centres? - 1.5 lakhs
made differently-abled friendly by
4. How much amount did the government
providing lifts and escalators? - 500
allocate for the welfare of Women and
10. How much amount has been allocated
Children under various schemes across
for transportation sector as a whole,
all the Ministries for the FY 2017-18? -
including rail, roads, shipping, in the FY
Rs. 1,84,632 crores
2017-18? - Rs. 241387 crores
5. In the Union Budget 2017-18,
11. How much amount has been allocated
government announced to set up two
for highways? - 64000 crore rupees
AIIMS at __________. - Gujarat and
12. How many kilometers of coastal
Jharkhand
connectivity roads have been identified
6. How much amount has been allocated
for construction and development to
for Scheduled Castes for FY 2017-18? -
facilitate better connectivity with ports
Rs. 52,393 crore
and remote villages? - 2000 km
7. Under a nationwide scheme for
13. How much amount of new railway lines
pregnant women, how much amount
to be commissioned in 2017-18? - 3,500
will be transferred to each person? - Rs
km
6000
14. According to the Budget 2017-18, high
speed Internet to be allocated to how
many gram panchayats? - 1,50,000

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