Professional Documents
Culture Documents
MCQ On Budget
MCQ On Budget
MCQ on Budget
1. Interim budget is also known as....
A Mini budget
B Vote on Account
C Both a and b
D None of these
B Article 110
C Article 360
Multiple Choice Questions
D Article 112
Answer: Article 112
3. Which statement is not correct about budget 2019-20?
A The number of new income-tax filers increased in 2017-18, taking the total income tax returns
filed to 6.84 crore, up 26% from previous year
B Payment of gratuity has been increased from Rs. 10 lakh to Rs. 20 lakhs
C Government has introduced the Prime Minister 'Kisan Samman Nidhi Yojana'. This scheme will be
in effect from 1st January, 2019
D The amount allocated for the defense sector has exceeded 3 lac cr for the first time
Answer: Government has introduced the Prime Minister 'Kisan Samman Nidhi Yojana'. This
scheme will be in effect from 1st January, 2019
4. What is the biggest item of government expenditure in budget 2019-20?
A Loan repayment
B Defense expenditure
C Expenditure on Central Plans
D Share of the states in taxes and fees
Answer: Share of the states in taxes and fees
5. Which of the following statements is true?
A Revenue deficit is estimated to be 3.4% of GDP in the budget
B Progressive rate
C Regressive rate
D Proportionate rate
Answer: Digressive rate
7. Which of the following is related to the Operation Green’ mission?
Multiple Choice Questions
II. All revenues raised by the government, money borrowed and receipts from loans given by the
government flow into the consolidated fund of India.
III. Article 112 of the Constitution requires the government to present to Parliament a statement of
estimated receipts and expenditure in respect of every financial year.
Select the correct statement (s):
A Only I
B Only II
C Both I & II
D I, II and III
Answer: I, II and III
10. Which of the following Yojna gave nominal premium and highest ever compensation in case of
crop loss?
A PM Fasal Bima Yojna
B PM Krishi Sinchai Yojna
C Shyama Prasad Mukherji Rurban Mission
D Pramaparagat Krishi Vikas Yojna
11. Which of the following scheme is related to the management and conversion of cattle dung and
solid in farms to Compost, fertilizer, bio-gas and bio-CNG?
A Galvanizing Organic Bio-Agro Resources Dhan
B Swachchh Bharat Abhiyan
C Pradhan Mantri Jeevan Jyoti Beema Yojna
A Only I
B Only II
C Both I and II
D Neither I nor II
Answer: Only I
13. What % of TDS is applicable to an individual who withdraws cash equal to or over Rs 1 crore
from his/her account in one financial year?
A 1%
B 2%
C 3%
D 4%
Answer: 2%
14. The government has set the disinvestment target of _____ for the financial year 2019-20.
A Rs 90,000 crore
B Rs 1,00,000 crore
C Rs 1,05,000 crore
D Rs 1,20,000 crore
Answer: Rs 1,05,000 crore
Multiple Choice Questions
15. The government has proposed to reduce the net owned fund requirement for reinsurers to
_____from Rs.5000 crore?
A 4000 crore
B 3000 crore
C 2000 crore
D 1000 crore
Answer: 1000 crore
16. As per budget 2019-20 the government has proposed to infuse ________ capital into public sector
banks?
A Rs 70,000 crore
B Rs 90,000 crore
C Rs 1,00,000 crore
D None of the above
Answer: Rs 70,000 crore
17. One woman in every SHG shall be made eligible for a loan of ______ under MUDRA scheme.
A Rs 50000
B Rs 75000
C Rs 100000
D Rs 200000
Answer: Rs 100000
18. How many iconic Tourist Sites will be developed into world-class tourist destinations?
A 15
B 17
C 19
D 21
Answer: 17
19. How many LED bulbs distributed under Ujala Yojana per budget 2019-20?
A 35 crore
B 40 crore
C 45 crore
Multiple Choice Questions
D 50 crore
Answer: 35 crore
20. For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs
1 lakh crore during the current financial year, government will provide one time six months’ partial
credit guarantee to public sector banks (PSBs) for first loss of up to _____?
A 5%
B 10%
C 15%
D 20%
Answer: 10%
21. Which of the following items become costlier after the Budget 2018-19?
A Tobacco
B Cigar
C Cigarette
D All of the above
B 2 crore
C 4 crore
D 5 crore
Answer: 2 crore
23. How much amount has been earmarked in budget 2019-20 for creating world class educational
institutions?
A Rs 100 crore
B Rs 200 crore
C Rs 300 crore
D Rs 400 crore
D Both A & B
Answer: Both A & B
25. Which of the following Schemes has Objective to skill 1 crore youth in the next 3 years?
A Startup, Standup
B PM Kaushal Vikas Yojna
C MNREGA