Budget

1. Select the correct component of the Components of the Union (Central) Budget of India?

A. Revenue Budget

B. Capital Budget

C. Expenditure Budget

D. Both A & B (Ans.)

2. When was India's first Budget introduced?

A. 7 April 1860. (Ans)

B. 1 February 1948.
C. 26 November 1947.
D. 12 October 1947.

3. Who presented the first Union Budget of Independent India?

A. CD Deshmukh
B. RK Shanmukham Chetty.(Ans)
C. Moraji Desai
D. Jawaharlal Nehru

4. The word "Budget" is derived from which French word that means a "Small Bag"?
A. Budgetto
B. Budgetale
C. Budgatte
D. Bougette(Ans)

5. What was the theme of the Union Budget 2020-21?

(a)Har Nagrik Jeetega 
(b)Ease of Living(Ans)
(c)Ude Desh ka Aam Nagrik
(d)Sabka Sath, Sabka Vikas aur Sabka Vishwas

6. ____________ is the difference between total receipt & total expenditure?

A. Revenue Deficit.
B. Balanced Deficit.
C. Budget Deficit.(Ans)
D. Balance budget.
7. What was the theme of the Union Budget 2020-21?
A. A part of Union Budget.(Ans)
B. A part of State Budget.
C. Separate from Union Budget.

8. Which committee report led to the separation of Railway Budget from General Budget?
A. Hunter committee.
B. Acworth Committee.(Ans)
C. Mahajan Committee.
D. Vasudev Committee.

9. Name the device which is approved by railways in rail budget to avoid collision of trains?

a) Anti Collision Device

b) Anti Ballistic Device
c) Anti Combining Device
d) Anti Power Device

10. The first budget represented by whom

A. James Wilson
B. Morarji Desai
C. R.K. Shanmugam Chetty
D. Piyush Goyal.

11. Union budget 2021-22 proposals are rest on how many pillars:
A. 5
B. 6 (A)
C. 4
D. 8
E. 10

12. Budget 2021-22 proposals to rest on six pillars. Which of the following is not among
them?
A. Health & well being
B. Minimum Government, Maximum Governance
C. Innovation and R&D
D. Inclusive Development for Aspirational India
E. Agricultural Development.
13. According to the budget, how much amount is allocated for Covid Vaccine?
A. 20,000 crore
B. 15,000 crore
C. 35,000 crore
D. 30,000 crore
E. 25,000 crore

14. A national rail plan has been prepared by Indian Railways for India. The plan is to create a
future-ready railway system by
A. 2030(Ans)
B. 2025
C. 2035
D. 2040
E. 2050

15. Fiscal Deficit – Primary Deficit = ________________

A. Total Expenditure
B. Interest Payment(Ans).
C. Budget Deficit.

16. Components of Revenue Budget:

A. Revenue Receipt.
B. Revenue Expenditure.
C. Only A
D. Both A & B.(Ans)

17. As per the budget, central university to be set up in which of the following state/UT?
A. Kerala
B. Ladakh(Ans)
C. J & K
D. Tamil Nadu

18. Which of the following is not the work of the Legislature?

A. Budgeting.(Ans)
B. Making Law.
C. Passing of Budget.
D. Control on executive.
19. As per the budget, central university to be set up in which of the following state/UT?
A. Budget 17-18(Ans)
B. Budget 16-17
C. Budget 20-21
D. Budget 19-20

20. Budget is an instruments of

A. Monetary Policy of Government.
B. Fiscal Policy of Government.(Ans)
C. Commercial Policy of Government.
D. Money-saving Policy of Government.

21. When Governments total revenues, excluding borrowings, is less than planned
expenditure, it is called
A. Revenue Deficit.
B. Budget shortfall.
C. Fiscal Deficit.(Ans)
D. Deficit Financing.