Mock Test on Union Budget 2017-2018

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Union Budget 2017-2018 Q&A PDF Download

Finance Minister Arun Jaitley presented the Union budget 2017-2018

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  1. Answered
  2. Review
  1. Question 1 of 100
    1. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the total corpus of the Long Term Irrigation Fund in NABARD has been increased to?

    Correct

    Explanation:
    Allocation for Long Term Irrigation Fund in NABARD increased from Rs. 20000 crore in 2016-17 to Rs. 40000 crore in 2017-18.

    Incorrect

    Explanation:
    Allocation for Long Term Irrigation Fund in NABARD increased from Rs. 20000 crore in 2016-17 to Rs. 40000 crore in 2017-18.

  2. Question 2 of 100
    2. Question
    1 points
    Category: General Awareness

    How much amount of agricultural credit to farmers has been proposed in the Union Budget 2017-18?

    Correct

    Explanation:
    The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore as part of the government’s efforts to double farm incomes in the next five years.

    Incorrect

    Explanation:
    The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore as part of the government’s efforts to double farm incomes in the next five years.

  3. Question 3 of 100
    3. Question
    1 points
    Category: General Awareness

    The Minimum Alternate Tax (MAT) credit has been carried forward from the current 10 years to how many years in the Budget Estimates in 2017-18?

    Correct

    Explanation:
    Minimum Alternate Tax (MAT) has been proposed to be carry forward for 15 years instead of 10 years in the Union Budget 2017-18.

    Incorrect

    Explanation:
    Minimum Alternate Tax (MAT) has been proposed to be carry forward for 15 years instead of 10 years in the Union Budget 2017-18.

  4. Question 4 of 100
    4. Question
    1 points
    Category: General Awareness

    How much amount has been allocation for Women and Children welfare under various schemes across all Ministries in the Union Budget 2017-18?

    Correct

    Explanation:
    Funds for the welfare of women and children under various schemes across all ministries would be increased from Rs. 1, 56, 528 crores (2016-17) to Rs. 1, 84, 632 crores (2017-18).

    Incorrect

    Explanation:
    Funds for the welfare of women and children under various schemes across all ministries would be increased from Rs. 1, 56, 528 crores (2016-17) to Rs. 1, 84, 632 crores (2017-18).

  5. Question 5 of 100
    5. Question
    1 points
    Category: General Awareness

    As mentioned in the Union Budget 2017-18, the Indian Railways coaches would be completely fitted with bio-toilets by which year?

    Correct

    Explanation:
    As per the Union Budget 2017-18, Indian Railways coaches will be fitted with bio-toilets by 2019.

    Incorrect

    Explanation:
    As per the Union Budget 2017-18, Indian Railways coaches will be fitted with bio-toilets by 2019.

  6. Question 6 of 100
    6. Question
    1 points
    Category: General Awareness

    What is the expected growth rate of agricultural sector for the last quarter of the fiscal year 2016-17 ending March 2017?

    Correct

    Explanation:
    As per the Budget data, the agriculture sector is expected to grow at 4.1% in the current fiscal with a better monsoon.

    Incorrect

    Explanation:
    As per the Budget data, the agriculture sector is expected to grow at 4.1% in the current fiscal with a better monsoon.

  7. Question 7 of 100
    7. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017, what is the maximum cash donation that a political party can receive from one a source?

    Correct

    Explanation:
    Maximum amount that a political party can receive from a source in cash is Rs 2,000, which is a sharp drop from the earlier limit of Rs 20,000.

    Incorrect

    Explanation:
    Maximum amount that a political party can receive from a source in cash is Rs 2,000, which is a sharp drop from the earlier limit of Rs 20,000.

  8. Question 8 of 100
    8. Question
    1 points
    Category: General Awareness

    Consider the following statements and based on the Budget Estimates 2017 identify which among the given points are correct?
    i.Foreign Investment Promotion Board will be abolished in 2017-18
    ii.Second phase of Solar Park development will be taken up for additional 20,000 MW capacity.
    iii.A Computer Emergency Response Team for Financial Sector (CERT-Fin) will be established

    Correct

    Explanation:
    As per the Union Budget 2017-18, Foreign Investment Promotion Board will be abolished in 2017-18, Second phase of Solar Park development will be taken up for additional 20,000 MW capacity as well as a Computer Emergency Response Team for Financial Sector (CERT-Fin) will be established.

    Incorrect

    Explanation:
    As per the Union Budget 2017-18, Foreign Investment Promotion Board will be abolished in 2017-18, Second phase of Solar Park development will be taken up for additional 20,000 MW capacity as well as a Computer Emergency Response Team for Financial Sector (CERT-Fin) will be established.

  9. Question 9 of 100
    9. Question
    1 points
    Category: General Awareness

    What is the name of the single window interface, to be launched by the Union government to register all coach related complaints and requirements

    Correct

    Explanation:
    Government has proposed to launch a facility named Coach Mitra to register all coach related complaints and requirements.

    Incorrect

    Explanation:
    Government has proposed to launch a facility named Coach Mitra to register all coach related complaints and requirements.

  10. Question 10 of 100
    10. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, what is the total allocation made under Pradhan Mantri Mudra Yojana?

    Correct

    Explanation:
    The allocation under the Pradhan Mantri Mudra Yojana has been doubled for the 2017-18 fiscal from Rs 1,22,000 crore in 2016-17. Rs 2.44 lakh crores has been allocated for the scheme for 2017-18.

    Incorrect

    Explanation:
    The allocation under the Pradhan Mantri Mudra Yojana has been doubled for the 2017-18 fiscal from Rs 1,22,000 crore in 2016-17. Rs 2.44 lakh crores has been allocated for the scheme for 2017-18.

  11. Question 11 of 100
    11. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, NABARD will computerize and integrate ___________ Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks to ensure flow of credit to small farmers.

    Correct

    Explanation:
    NABARD will computerize all the 63,000 functional Primary Agriculture Credit Societies (PACS) with the Core Banking System of District Central Cooperative Banks to ensure flow of credit to small farmers.

    Incorrect

    Explanation:
    NABARD will computerize all the 63,000 functional Primary Agriculture Credit Societies (PACS) with the Core Banking System of District Central Cooperative Banks to ensure flow of credit to small farmers.

  12. Question 12 of 100
    12. Question
    1 points
    Category: General Awareness

    What is the total allocation made for rural, agriculture and allied sectors as per the Union Budget 2017-18?

    Correct

    Explanation:
    The total allocation for rural, agricultural and allied sectors for 2017-18 is a record Rs 1,87,223 crore which 24% from what was allocated last year.

    Incorrect

    Explanation:
    The total allocation for rural, agricultural and allied sectors for 2017-18 is a record Rs 1,87,223 crore which 24% from what was allocated last year.

  13. Question 13 of 100
    13. Question
    1 points
    Category: General Awareness

    As proposed in the Budget 2017, the total amount allocated to the BharatNet Project for digitally connected India is_______

    Correct

    Explanation:
    The allocation for the ambitious Bharat Net project is being stepped up to Rs 10,000 crore in 2017-18 and high-speed broadband on optical fibre will be available in over 1.5 lakh gram panchayats with hotspots and access to digital services at low tariffs

    Incorrect

    Explanation:
    The allocation for the ambitious Bharat Net project is being stepped up to Rs 10,000 crore in 2017-18 and high-speed broadband on optical fibre will be available in over 1.5 lakh gram panchayats with hotspots and access to digital services at low tariffs

  14. Question 14 of 100
    14. Question
    1 points
    Category: General Awareness

    What was the total percentage increase in the Capital expenditure as proposed in the Budget Estimate 2017-18 as compared to the previous year?

    Correct

    Explanation:
    Finance Minister Arun Jaitley has pegged the capital expenditure in 2017-18 at Rs 3.09 lakh crore, up 25.4 per cent from the Budget estimates of Rs 2.47 lakh crore for the current fiscal.

    Incorrect

    Explanation:
    Finance Minister Arun Jaitley has pegged the capital expenditure in 2017-18 at Rs 3.09 lakh crore, up 25.4 per cent from the Budget estimates of Rs 2.47 lakh crore for the current fiscal.

  15. Question 15 of 100
    15. Question
    1 points
    Category: General Awareness

    NABARD will set up dedicated micro-irrigation fund to achieve Per Drop More Crop mission. What is the initial corpus of the fund?

    Correct

    Explanation:
    A dedicated Micro Irrigation Fund to be set up in NABARD to achieve the goal, ‘per drop more crop’. The Fund will have an initial corpus of Rs 5,000 crore.

    Incorrect

    Explanation:
    A dedicated Micro Irrigation Fund to be set up in NABARD to achieve the goal, ‘per drop more crop’. The Fund will have an initial corpus of Rs 5,000 crore.

  16. Question 16 of 100
    16. Question
    1 points
    Category: General Awareness

    What is the total allocation made under the Fasal Bima Yojana in the Union Budget 2017-18?

    Correct

    Explanation:
    Coverage under Fasal Bima Yojana scheme will be increased from 30% of cropped area in 2016-17 to 40% in 2017-18 and 50% in 2018-19 for which a budget provision of Rs. 9000 crore has been made.

    Incorrect

    Explanation:
    Coverage under Fasal Bima Yojana scheme will be increased from 30% of cropped area in 2016-17 to 40% in 2017-18 and 50% in 2018-19 for which a budget provision of Rs. 9000 crore has been made.

  17. Question 17 of 100
    17. Question
    1 points
    Category: General Awareness

    What is the initial corpus of the Diary Processing and Infrastructure Development Fund in NABARD as announced in Budget Estimates 2017-18?

    Correct

    Explanation:
    Dairy Processing and Infrastructure Development Fund to be set up in NABARD with an initial corpus of Rs. 2000 crores and will be increased to Rs. 8000 crores over 3 years.

    Incorrect

    Explanation:
    Dairy Processing and Infrastructure Development Fund to be set up in NABARD with an initial corpus of Rs. 2000 crores and will be increased to Rs. 8000 crores over 3 years.

  18. Question 18 of 100
    18. Question
    1 points
    Category: General Awareness

    An interest subvention of how many days would be provided to the farmers in respect of their loans from the cooperative credit structure?

    Correct

    Explanation:
    A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver.

    Incorrect

    Explanation:
    A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver.

  19. Question 19 of 100
    19. Question
    1 points
    Category: General Awareness

    Coverage under National Agricultural Market (e-NAM) has been increased from 250 Agriculture Produce Marketing Committees (APMCs) to _________ APMCs.

    Correct

    Explanation:
    Coverage of the National Agricultural Market (e-NAM) will be expanded from the current 250 to 585 markets to enable farmers to get better prices.

    Incorrect

    Explanation:
    Coverage of the National Agricultural Market (e-NAM) will be expanded from the current 250 to 585 markets to enable farmers to get better prices.

  20. Question 20 of 100
    20. Question
    1 points
    Category: General Awareness

    Which of the following statements are true in context to the Union Budget 2017-18?
    i.100 stations will be made differently abled friendly by providing lifts and escalators in 2017-18.
    ii.By 2019, all coaches of Indian Railways will be fitted with bio toilets.
    iii.It is proposed to feed about 7,000 stations with solar power in the medium term
    iv.Railway lines of 3,500 kms will be commissioned in 2017-18.

    Correct

    Explanation:
    500 stations will be made differently-abled friendly by providing lifts and escalators in 2017-18.
    By 2019, all coaches of Indian Railways will be fitted with bio toilets. Railway lines of 3,500 kms will be commissioned in 2017-18. 7,000 stations would be feed with solar power in the medium term.

    Incorrect

    Explanation:
    500 stations will be made differently-abled friendly by providing lifts and escalators in 2017-18.
    By 2019, all coaches of Indian Railways will be fitted with bio toilets. Railway lines of 3,500 kms will be commissioned in 2017-18. 7,000 stations would be feed with solar power in the medium term.

  21. Question 21 of 100
    21. Question
    1 points
    Category: General Awareness

    The tax rate for individuals with income between Rs. 2.5 Lakh and Rs.5 lakh has been reduced from 10 Percent to ______ Percent.

    Correct

    Explanation:
    Existing rate of tax for individuals between Rs. 2.5- Rs 5 lakh is reduced to 5% from 10%.

    Incorrect

    Explanation:
    Existing rate of tax for individuals between Rs. 2.5- Rs 5 lakh is reduced to 5% from 10%.

  22. Question 22 of 100
    22. Question
    1 points
    Category: General Awareness

    What percent of surcharge on income tax would be levied on individuals with income between Rs. 50 lakhs and Rs. 1 crore

    Correct

    Explanation:
    10 % surcharge on individual income above Rs. 50 lakh and up to Rs 1 crore to make up for Rs 15,000 crore loss due to cut in personal I-T rate. 15 surcharge on individual income above Rs. 1 crore to remain.

    Incorrect

    Explanation:
    10 % surcharge on individual income above Rs. 50 lakh and up to Rs 1 crore to make up for Rs 15,000 crore loss due to cut in personal I-T rate. 15 surcharge on individual income above Rs. 1 crore to remain.

  23. Question 23 of 100
    23. Question
    1 points
    Category: General Awareness

    Government plans to have single page income tax return filing form for taxable income up to Rs. ________.

    Correct

    Explanation:
    Centre has proposed simple one page return for people with an annual income of Rs. 5 lakh other than business income.

    Incorrect

    Explanation:
    Centre has proposed simple one page return for people with an annual income of Rs. 5 lakh other than business income.

  24. Question 24 of 100
    24. Question
    1 points
    Category: General Awareness

    Small firms with turnover up to Rs.50 crore will need to pay a tax of _____ percent instead of 30 percent

    Correct

    Explanation:
    Under the corporate tax, in order to make MSME companies more viable, there is a proposal to reduce tax for small companies with a turnover of up to Rs 50 crore to 25%. About 67 lakh companies fall in this category. Ninety-six % of companies to get this benefit.

    Incorrect

    Explanation:
    Under the corporate tax, in order to make MSME companies more viable, there is a proposal to reduce tax for small companies with a turnover of up to Rs 50 crore to 25%. About 67 lakh companies fall in this category. Ninety-six % of companies to get this benefit.

  25. Question 25 of 100
    25. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, a surcharge of _______ percent on income tax would be applicable on total income above Rs. 1 crore.

    Correct

    Explanation:
    For individuals having income above Rs. 1 crore, the surcharge on income would remain as usual at 15 percent.

    Incorrect

    Explanation:
    For individuals having income above Rs. 1 crore, the surcharge on income would remain as usual at 15 percent.

  26. Question 26 of 100
    26. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, a tax rebate of how much amount would be provided to individuals having income up to Rs 3.5 lakh?

    Correct

    Explanation:
    The benefit of rebate is being reduced to Rs 2500 from Rs. 5000 for assessees upto income of Rs
    3.5 lakh.

    Incorrect

    Explanation:
    The benefit of rebate is being reduced to Rs 2500 from Rs. 5000 for assessees upto income of Rs
    3.5 lakh.

  27. Question 27 of 100
    27. Question
    1 points
    Category: General Awareness

    What is the pegged fiscal deficit for 2017-18 as proposed in Union Budget 2017-18?

    Correct

    Explanation:
    Fiscal deficit of 2017-18 pegged at 3.2% of the GDP. Government will remain committed to achieving 3% in the next year.

    Incorrect

    Explanation:
    Fiscal deficit of 2017-18 pegged at 3.2% of the GDP. Government will remain committed to achieving 3% in the next year.

  28. Question 28 of 100
    28. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, government has proposed to set up 2 strategic crude oil reserves in which of the following locations?

    Correct

    Explanation:
    Finance Minister has proposed to set up strategic crude oil reserves at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan. This will take the strategic reserve capacity to 15.33 MMT

    Incorrect

    Explanation:
    Finance Minister has proposed to set up strategic crude oil reserves at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan. This will take the strategic reserve capacity to 15.33 MMT

  29. Question 29 of 100
    29. Question
    1 points
    Category: General Awareness

    The allocation for highways under the road sector has increased from Rs. 57,976 crores in 2016-17 to Rs.________ crores in 2017-18.

    Correct

    Explanation:
    The budget allocation for the National Highways has been increased from Rs 57,676 crore in the BE of 2016-17 to Rs 64,000 crore in 2017-18

    Incorrect

    Explanation:
    The budget allocation for the National Highways has been increased from Rs 57,676 crore in the BE of 2016-17 to Rs 64,000 crore in 2017-18

  30. Question 30 of 100
    30. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the government aims to eliminate unmanned level crossings on Broad Gauge lines by which year?

    Correct

    Explanation:
    Railways will eliminate all unmanned level crossings on broad gauge lines by 2020 and expert international assistance will be harnessed to improve safety preparedness and maintenance practices as per the Budget 2017-18. Unmanned level crossings are a major reason for train accidents.

    Incorrect

    Explanation:
    Railways will eliminate all unmanned level crossings on broad gauge lines by 2020 and expert international assistance will be harnessed to improve safety preparedness and maintenance practices as per the Budget 2017-18. Unmanned level crossings are a major reason for train accidents.

  31. Question 31 of 100
    31. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the allowable provision for Non-Performing Asset of Banks has been increased from 7.5 percent to ______ percent?

    Correct

    Explanation:
    The finance minister has proposed to increase allowable provision for Non-Performing Asset of banks from 7.5 per cent to 8.5 per cent. The increased provisioning of Non-Performing Assets (NPAs) of banks proposed in the budget is unlikely to change the fortunes of banking funds.

    Incorrect

    Explanation:
    The finance minister has proposed to increase allowable provision for Non-Performing Asset of banks from 7.5 per cent to 8.5 per cent. The increased provisioning of Non-Performing Assets (NPAs) of banks proposed in the budget is unlikely to change the fortunes of banking funds.

  32. Question 32 of 100
    32. Question
    1 points
    Category: General Awareness

    The total allocation under MGNREGA has been increased to all time high at Rs. ________ in the Budget Estimate 2017.

    Correct

    Explanation:
    The government has allocated Rs 48,000 crore to the scheme in this year’s Budget. The rural development ministry is expecting more funds at its disposal for the next fiscal.

    Incorrect

    Explanation:
    The government has allocated Rs 48,000 crore to the scheme in this year’s Budget. The rural development ministry is expecting more funds at its disposal for the next fiscal.

  33. Question 33 of 100
    33. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017, Women participation in MGNREGA has increased to ________ percent from less than 48 percent.

    Correct

    Explanation:
    Government has proposed increase in MGNREGA allocation a record Rs 48,000 crore for 2017-18, up from Rs 37,000 crore in 2016-17. Women participation in MGNREGA act has also been increased up to 55 percent.

    Incorrect

    Explanation:
    Government has proposed increase in MGNREGA allocation a record Rs 48,000 crore for 2017-18, up from Rs 37,000 crore in 2016-17. Women participation in MGNREGA act has also been increased up to 55 percent.

  34. Question 34 of 100
    34. Question
    1 points
    Category: General Awareness

    The government aims to bring one crore households out of poverty and 50,000 Gram Panchayats poverty free by which year?

    Correct

    Explanation:
    The government targets to bring 1 crore households out of poverty and making 50,000 gram panchayats poverty free by 2019.

    Incorrect

    Explanation:
    The government targets to bring 1 crore households out of poverty and making 50,000 gram panchayats poverty free by 2019.

  35. Question 35 of 100
    35. Question
    1 points
    Category: General Awareness

    Based on the Union Budget 2017-18, Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) will be launched at a cost of Rs. ___________.

    Correct

    Explanation:
    Government has announced a Rs 4,000-crore programme ‘SANKALP’, aimed at providing market relevant training to 3.5 crore youth across the country.

    Incorrect

    Explanation:
    Government has announced a Rs 4,000-crore programme ‘SANKALP’, aimed at providing market relevant training to 3.5 crore youth across the country.

  36. Question 36 of 100
    36. Question
    1 points
    Category: General Awareness

    How much amount has been assigned to launch next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) in 2017-18?

    Correct

    Explanation:
    The next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will also be launched in 2017-18 at a cost of ` 2,200 crores. STRIVE will focus on improving the quality and market relevance of vocational training provided in ITIs and strengthen the apprenticeship programmes through industry cluster approach

    Incorrect

    Explanation:
    The next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will also be launched in 2017-18 at a cost of ` 2,200 crores. STRIVE will focus on improving the quality and market relevance of vocational training provided in ITIs and strengthen the apprenticeship programmes through industry cluster approach

  37. Question 37 of 100
    37. Question
    1 points
    Category: General Awareness

    How much amount of assistance would be provided to the National Agricultural Market (e-NAM) as per the Union Budget 2017-18?

    Correct

    Explanation:
    Coverage of National Agricultural Market (e-NAM) increased from the current 250 Agriculture Produce Marketing Committees (APMCs) to 585 APMCs. Assistance of Rs. 75 lakh to each APMCs

    Incorrect

    Explanation:
    Coverage of National Agricultural Market (e-NAM) increased from the current 250 Agriculture Produce Marketing Committees (APMCs) to 585 APMCs. Assistance of Rs. 75 lakh to each APMCs

  38. Question 38 of 100
    38. Question
    1 points
    Category: General Awareness

    Based on the data given by Finance Minister Arun Jaitley in the Budget 2017, the Foreign exchange reserves have reached US Dollar_______ billion as on 20th January, 2017

    Correct

    Explanation:
    The FDI flow has increased by 36 per cent. The forex reserves are at USD 361 billion in January which is enough to cover 12 months needs

    Incorrect

    Explanation:
    The FDI flow has increased by 36 per cent. The forex reserves are at USD 361 billion in January which is enough to cover 12 months needs

  39. Question 39 of 100
    39. Question
    1 points
    Category: General Awareness

    Which among the given statements are true as per the Union Budget 2017-18?
    i. For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022
    ii. Sanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%.
    iii. Allocation for Prime Minister’s Employment Generation Program and Credit Support Schemes has been increased three times.
    iv. A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj Institutions

    Correct

    Explanation:
    For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022. Sanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%. Allocation for Prime Minister’s Employment Generation Program and Credit Support Schemes has been increased three times. A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj Institutions

    Incorrect

    Explanation:
    For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022. Sanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%. Allocation for Prime Minister’s Employment Generation Program and Credit Support Schemes has been increased three times. A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj Institutions

  40. Question 40 of 100
    40. Question
    1 points
    Category: General Awareness

    How many farm ponds under MANREGA has been proposed in the Union Budget for 2017-18?

    Correct

    Explanation:
    During 2017-18, five lakh farm ponds will be be taken up under the MGNREGA. Besides, target of completing 5 lakh farm ponds and 10 lakh compost pits from MGNREGA funds by March 2017.

    Incorrect

    Explanation:
    During 2017-18, five lakh farm ponds will be be taken up under the MGNREGA. Besides, target of completing 5 lakh farm ponds and 10 lakh compost pits from MGNREGA funds by March 2017.

  41. Question 41 of 100
    41. Question
    1 points
    Category: General Awareness

    Under the Pradhan Mantri Awaas Yojana (Gramin), government aims to complete 1 crore houses for the houseless and those living in kutcha houses by which year?

    Correct

    Explanation:
    Governemnt has proposed to construct 1 crore houses by 2019 for houseless and kucha house residing people.

    Incorrect

    Explanation:
    Governemnt has proposed to construct 1 crore houses by 2019 for houseless and kucha house residing people.

  42. Question 42 of 100
    42. Question
    1 points
    Category: General Awareness

    As proposed in the Union Budget 2017-18, three new All India Institutes of Medical Sciences (AIIMS) will be established in which states?

    Correct

    Explanation:
    Two new All India Institutes of Medical Sciences (AIIMs) will be set up in the States of Jharkhand, Telangana and Gujarat.

    Incorrect

    Explanation:
    Two new All India Institutes of Medical Sciences (AIIMs) will be set up in the States of Jharkhand, Telangana and Gujarat.

  43. Question 43 of 100
    43. Question
    1 points
    Category: General Awareness

    The Union Government aims to achieve 100 percent electrification of all the villages of India by which year?

    Correct

    Explanation:
    Government aims to achieve 100% village electrification by May 1, 2018.

    Incorrect

    Explanation:
    Government aims to achieve 100% village electrification by May 1, 2018.

  44. Question 44 of 100
    44. Question
    1 points
    Category: General Awareness

    How much amount has been proposed under Pradhan Mantri Awaas Yojana (Gramin) in the Union Budget 2017-18?

    Correct

    Explanation:
    Allocation for Pradhan Mantri Awaas Yojana (Gramin) has been increased from Rs. 15,000 crores in BE 2016-17 to Rs. 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.

    Incorrect

    Explanation:
    Allocation for Pradhan Mantri Awaas Yojana (Gramin) has been increased from Rs. 15,000 crores in BE 2016-17 to Rs. 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.

  45. Question 45 of 100
    45. Question
    1 points
    Category: General Awareness

    The National Housing Bank will refinance individual housing loans of about Rs. _____________in 2017-18

    Correct

    Explanation:
    National Housing Bank will refinance individual housing loans of about Rs. 20,000 crore in 2017-18.

    Incorrect

    Explanation:
    National Housing Bank will refinance individual housing loans of about Rs. 20,000 crore in 2017-18.

  46. Question 46 of 100
    46. Question
    1 points
    Category: General Awareness

    The Union Government aims to eliminate Measles by which year?

    Correct

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

    Incorrect

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

  47. Question 47 of 100
    47. Question
    1 points
    Category: General Awareness

    The Union Government aims to eliminate Kala-Azar and Filariasis by which year?

    Correct

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

    Incorrect

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

  48. Question 48 of 100
    48. Question
    1 points
    Category: General Awareness

    The Union Government aims to eliminate Tuberculosis by which year?

    Correct

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

    Incorrect

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025.

  49. Question 49 of 100
    49. Question
    1 points
    Category: General Awareness

    The Union Government aims to eliminate Leprosy by which year?

    Correct

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025 and action plan to reduce Infant Mortality Rate (IMR) from 39 in 2014 to 28 by 2019 and Measles, Mumps, and Rubella (MMR) from 167 in 2011-13 to 100 by 2018-2020.

    Incorrect

    Explanation:
    Action plan made to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018, Measles by 2020 and tuberculosis by 2025 and action plan to reduce Infant Mortality Rate (IMR) from 39 in 2014 to 28 by 2019 and Measles, Mumps, and Rubella (MMR) from 167 in 2011-13 to 100 by 2018-2020.

  50. Question 50 of 100
    50. Question
    1 points
    Category: General Awareness

    How much amount has been proposed by the government in the Union Budget 2017 for each pregnant woman under Maternity Benefit Scheme who undergoes institutional delivery and vaccinates their children?

    Correct

    Explanation:
    Under Maternity Benefit Scheme Rs. 6,000 will be transferred directly to the bank accounts of pregnant women who undergoes institutional delivery and vaccinates their children

    Incorrect

    Explanation:
    Under Maternity Benefit Scheme Rs. 6,000 will be transferred directly to the bank accounts of pregnant women who undergoes institutional delivery and vaccinates their children

  51. Question 51 of 100
    51. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, centre has allocated how much amount to set up Mahila Shakti Kendra?

    Correct

    Explanation:
    Mahila Shakti Kendra to be set up at village level with an allocation of Rs. 500 crores in 14 lakh Integrated Child Development Services (ICDS) Anganwadi Centres.

    Incorrect

    Explanation:
    Mahila Shakti Kendra to be set up at village level with an allocation of Rs. 500 crores in 14 lakh Integrated Child Development Services (ICDS) Anganwadi Centres.

  52. Question 52 of 100
    52. Question
    1 points
    Category: General Awareness

    The union government aims to achieve a target of how many digital transactions in 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards?

    Correct

    Explanation:
    Government has set up a mission to target 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards.

    Incorrect

    Explanation:
    Government has set up a mission to target 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards.

  53. Question 53 of 100
    53. Question
    1 points
    Category: General Awareness

    Among the given statements, which are true in respect of the Union Budget 2017-18?
    i.Government aims to launch a scheme to create employment in the leather and footwear industries along the lines in Textiles Sector.
    ii.Incredible India 2.0 Campaign will be launched across the world to promote tourism and employment.
    iii.SWAYAM platform, leveraging IT, to be launched with at least 350 online courses.

    Correct

    Explanation:
    SWAYAM platform, leveraging IT, to be launched with at least 350 online courses in foreign languages, Incredible India 2.0 Campaign to be launched to promote tourism and employment, Government aims to launch a scheme to create employment in the leather and footwear industries along the lines in Textiles Sector.

    Incorrect

    Explanation:
    SWAYAM platform, leveraging IT, to be launched with at least 350 online courses in foreign languages, Incredible India 2.0 Campaign to be launched to promote tourism and employment, Government aims to launch a scheme to create employment in the leather and footwear industries along the lines in Textiles Sector.

  54. Question 54 of 100
    54. Question
    1 points
    Category: General Awareness

    The Union government aims to create how many additional Post Graduate seats per annum in Medical colleges to ensure adequate availability of specialist doctors to strengthen Secondary and Tertiary levels of health care?

    Correct

    Explanation:
    Government aims to create additional 5,000 Post Graduate seats per annum in Medical colleges to
    ensure adequate availability of specialist doctors to strengthen Secondary and Tertiary levels of health care

    Incorrect

    Explanation:
    Government aims to create additional 5,000 Post Graduate seats per annum in Medical colleges to
    ensure adequate availability of specialist doctors to strengthen Secondary and Tertiary levels of health care

  55. Question 55 of 100
    55. Question
    1 points
    Category: General Awareness

    The Basic customs duty on LNG has been reduced from 5 percent to _______ percent.

    Correct

    Explanation: Basic customs duty on LNG is reduced from 5% to 2.5% as per the Budget 2017-18.

    Incorrect

    Explanation: Basic customs duty on LNG is reduced from 5% to 2.5% as per the Budget 2017-18.

  56. Question 56 of 100
    56. Question
    1 points
    Category: General Awareness

    The Union Government has targeted the fiscal deficit for 2017-18 at _______percent of GDP

    Correct

    Explanation:
    The fiscal deficit projected for 2017-18 is 3.2% of GDP and 3% in the following year.

    Incorrect

    Explanation:
    The fiscal deficit projected for 2017-18 is 3.2% of GDP and 3% in the following year.

  57. Question 57 of 100
    57. Question
    1 points
    Category: General Awareness

    How many new All India Institutes of Medical Sciences (AIIMS) would be set up in 2017-18 as per the Union Budget 2017?

    Correct

    Explanation:
    Two new All India Institutes of Medical Sciences (AIIMS) has been proposed in the Union Budget 2017-18 to be set up in Jharkhand and Gujarat.

    Incorrect

    Explanation:
    Two new All India Institutes of Medical Sciences (AIIMS) has been proposed in the Union Budget 2017-18 to be set up in Jharkhand and Gujarat.

  58. Question 58 of 100
    58. Question
    1 points
    Category: General Awareness

    Banks have targeted to introduce how many Aadhar based Point-Of-Sales (POS) machines by September 2017?

    Correct

    Explanation:
    Banks to introduce additional 10 lakh new PoS terminals by March 2017 and 20 lakh Aadhar based PoS by September 2017.

    Incorrect

    Explanation:
    Banks to introduce additional 10 lakh new PoS terminals by March 2017 and 20 lakh Aadhar based PoS by September 2017.

  59. Question 59 of 100
    59. Question
    1 points
    Category: General Awareness

    Banks have targeted to introduce additional 10 lakh new POS terminals by which year?

    Correct

    Explanation:
    Banks to introduce additional 10 lakh new PoS terminals by March 2017 and 20 lakh Aadhar based PoS by September 2017.

    Incorrect

    Explanation:
    Banks to introduce additional 10 lakh new PoS terminals by March 2017 and 20 lakh Aadhar based PoS by September 2017.

  60. Question 60 of 100
    60. Question
    1 points
    Category: General Awareness

    How much amount has been allocated for recapitalization of Banks provided in 2017-18 as per the estimates of Union Budget 2017-18?

    Correct

    Explanation:
    Rs. 10,000 crore has been allocated for recapitalization of Banks in 2017-18 in line with the ‘Indradhanush’ roadmap.

    Incorrect

    Explanation:
    Rs. 10,000 crore has been allocated for recapitalization of Banks in 2017-18 in line with the ‘Indradhanush’ roadmap.

  61. Question 61 of 100
    61. Question
    1 points
    Category: General Awareness

    What is the total allocation made under the transportation sector as a whole including rail, roads, shipping in the Union Budget 2017?

    Correct

    Explanation:
    The Budget 2017-18 has made a provision of Rs 2,41,381 Crores for the transport sector as a whole. This includes rail, roads and shipping. It is expected that an effective multi modal logistics and transport sector will make the economy more competitive.

    Incorrect

    Explanation:
    The Budget 2017-18 has made a provision of Rs 2,41,381 Crores for the transport sector as a whole. This includes rail, roads and shipping. It is expected that an effective multi modal logistics and transport sector will make the economy more competitive.

  62. Question 62 of 100
    62. Question
    1 points
    Category: General Awareness

    The total capital and development expenditure in the railway sector has been pegged at Rs. _______in the Budget Estimates for 2017-18?

    Correct

    Explanation:
    The total capital and development expenditure of Railways has been allotted Rs. 1,31,000 crores out of which Rs. 55,000 crores would be funded by the Government.

    Incorrect

    Explanation:
    The total capital and development expenditure of Railways has been allotted Rs. 1,31,000 crores out of which Rs. 55,000 crores would be funded by the Government.

  63. Question 63 of 100
    63. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, transaction above how much will not be permitted in cash?

    Correct

    Explanation:
    Finance Minister Arun Jaitleyannounced in his budget speech that on the recommendation of the Special Investigation Team (SIT) on Black Money, the government had decided not to allow cash transactions above Rs 3 lakh.

    Incorrect

    Explanation:
    Finance Minister Arun Jaitleyannounced in his budget speech that on the recommendation of the Special Investigation Team (SIT) on Black Money, the government had decided not to allow cash transactions above Rs 3 lakh.

  64. Question 64 of 100
    64. Question
    1 points
    Category: General Awareness

    Which national agency will be phased out in the next fiscal, as per the Budget 2017?

    Correct

    Explanation:
    The government has decided to abolish the Foreign Investment Promotion Board FIPB in 2017-2018. A roadmap for its abolition is to be announced in the next few months.

    Incorrect

    Explanation:
    The government has decided to abolish the Foreign Investment Promotion Board FIPB in 2017-2018. A roadmap for its abolition is to be announced in the next few months.

  65. Question 65 of 100
    65. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the allocation for PM’s Employment Generation and Credit Support schemes has been increased by how many times?

    Correct

    Explanation:
    3 times increased allocation for Prime Minister’s Employment Generation Programme (PMEGP) and credit support schemes.

    Incorrect

    Explanation:
    3 times increased allocation for Prime Minister’s Employment Generation Programme (PMEGP) and credit support schemes.

  66. Question 66 of 100
    66. Question
    1 points
    Category: General Awareness

    Which facility was announced for senior citizens in Budget 2017-2018?

    Correct

    Explanation:
    The government has announced Aadhaar-based smart cards for senior citizens for their health and well-being. The FM further said that the pilot service of these cards would take off in 15 cities initially in India beginning this year.

    Incorrect

    Explanation:
    The government has announced Aadhaar-based smart cards for senior citizens for their health and well-being. The FM further said that the pilot service of these cards would take off in 15 cities initially in India beginning this year.

  67. Question 67 of 100
    67. Question
    1 points
    Category: General Awareness

    The Union Finance Minister Arun Jaitley has given the Agenda for 2017-18 Buget as TEC India. Expand TEC India.

    Correct

    Explanation:
    The agenda for the Union Budget 2017-18 is TEC India, where T stands for Transform, E stands for Energize and C for Clean. The agenda seeks to transform the quality of governance and life of people; Energise various sections of society especially the youth and the vulnerable to bring out the best in them and Clean the country from the evils of corruption, black money and non-transparent political funding.

    Incorrect

    Explanation:
    The agenda for the Union Budget 2017-18 is TEC India, where T stands for Transform, E stands for Energize and C for Clean. The agenda seeks to transform the quality of governance and life of people; Energise various sections of society especially the youth and the vulnerable to bring out the best in them and Clean the country from the evils of corruption, black money and non-transparent political funding.

  68. Question 68 of 100
    68. Question
    1 points
    Category: General Awareness

    How much amount has been allocated for the welfare of Scheduled Castes in the Union Budget 2017-18?

    Correct

    Explanation:
    Allocation for the welfare schemes of Scheduled Castes increased 35 percent from Rs. 38,833 crores in 2016-17 to Rs. 52,393 crores in 2017-18.

    Incorrect

    Explanation:
    Allocation for the welfare schemes of Scheduled Castes increased 35 percent from Rs. 38,833 crores in 2016-17 to Rs. 52,393 crores in 2017-18.

  69. Question 69 of 100
    69. Question
    1 points
    Category: General Awareness

    How much amount has been proposed in the Union Budget 2017-18 for the welfare of Scheduled Tribes?

    Correct

    Explanation: The allocation for Scheduled Tribes has been increased to Rs. 31,920 crores and for Minority Affairs to Rs. 4,195 crores

    Incorrect

    Explanation: The allocation for Scheduled Tribes has been increased to Rs. 31,920 crores and for Minority Affairs to Rs. 4,195 crores

  70. Question 70 of 100
    70. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, which schemes would be launched by the government to promote usage of BHIM App?

    Correct

    Explanation:
    The Government will launch two new schemes to promote the usage of BHIM. These are Referral Bonus Scheme for individuals and a Cashback Scheme for merchants.

    Incorrect

    Explanation:
    The Government will launch two new schemes to promote the usage of BHIM. These are Referral Bonus Scheme for individuals and a Cashback Scheme for merchants.

  71. Question 71 of 100
    71. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the holding period for the long term capital gains has been reduced from 3 years to how many years?

    Correct

    Explanation: Reduction in the holding period for computing long term capital gains from transfer of immovable property from 3 years to 2 years.

    Incorrect

    Explanation: Reduction in the holding period for computing long term capital gains from transfer of immovable property from 3 years to 2 years.

  72. Question 72 of 100
    72. Question
    1 points
    Category: General Awareness

    As proposed in the Budget 2017, high speed Broadband connectivity on optical fiber will be made available in nearly ________ gram panchayats by the end of 2017-18?

    Correct

    Explanation:
    Under the BharatNet Programme, by the end of 2017-18, high speed broadband connectivity on optical fibre will be available in more than 1,50,000 gram panchayats.

    Incorrect

    Explanation:
    Under the BharatNet Programme, by the end of 2017-18, high speed broadband connectivity on optical fibre will be available in more than 1,50,000 gram panchayats.

  73. Question 73 of 100
    73. Question
    1 points
    Category: General Awareness

    The government has proposed to launch a new and restructured Central scheme for export named ________________________ in 2017-18.

    Correct

    Explanation:
    A new and restructured Central scheme with a focus on export infrastructure, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to create infrastructure for exports and reduce transaction costs for traders.

    Incorrect

    Explanation:
    A new and restructured Central scheme with a focus on export infrastructure, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to create infrastructure for exports and reduce transaction costs for traders.

  74. Question 74 of 100
    74. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, the capital gains tax has been exempted for persons holding the land which was pooled for creation of the state capital ________

    Correct

    Explanation:
    Capital gains tax to be exempted for persons holding land from which land was pooled for creation of state capital of Telangana.

    Incorrect

    Explanation:
    Capital gains tax to be exempted for persons holding land from which land was pooled for creation of state capital of Telangana.

  75. Question 75 of 100
    75. Question
    1 points
    Category: General Awareness

    How much amount has been allocated for Ministry of Science and Technology in the Union Budget 2017-18?

    Correct

    Explanation:
    Scientific ministries have been earmarked Rs 37,435 crore in the Union Budget 2017-18 by the Finance Minister.

    Incorrect

    Explanation:
    Scientific ministries have been earmarked Rs 37,435 crore in the Union Budget 2017-18 by the Finance Minister.

  76. Question 76 of 100
    76. Question
    1 points
    Category: General Awareness

    How much amount has been allocated to the Department of Economic Affairs in the Budget 2017?

    Correct

    Explanation:
    Government has proposed Rs. 3,000 crore under Dept of Economic Affairs for implementing Budget announcements.

    Incorrect

    Explanation:
    Government has proposed Rs. 3,000 crore under Dept of Economic Affairs for implementing Budget announcements.

  77. Question 77 of 100
    77. Question
    1 points
    Category: General Awareness

    How many Health sub centers has been decided to be transformed into health wellness centres as per the Union Budget 2017-18?

    Correct

    Explanation:
    Health sub centres, numbering 1.5 lakh, willl be transformed into health wellness centres.

    Incorrect

    Explanation:
    Health sub centres, numbering 1.5 lakh, willl be transformed into health wellness centres.

  78. Question 78 of 100
    78. Question
    1 points
    Category: General Awareness

    Which initiative has been proposed in the Union Budget 2017-18 by the government to provide tele-medicine, education and skills through digital technology?

    Correct

    Explanation:
    A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology in Budget 2017-18

    Incorrect

    Explanation:
    A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology in Budget 2017-18

  79. Question 79 of 100
    79. Question
    1 points
    Category: General Awareness

    As per the data in Union Budget 2017-18, more than _________ percent of FDI inflows are through automated route.

    Correct

    Explanation:
    The government has informed that after FDI policy reforms more than 90% of FDI inflows are now through the automatic route.

    Incorrect

    Explanation:
    The government has informed that after FDI policy reforms more than 90% of FDI inflows are now through the automatic route.

  80. Question 80 of 100
    80. Question
    1 points
    Category: General Awareness

    How many Special Tourism Zones have been proposed by the government to be established in 2017-19?

    Correct

    Explanation:
    The government will establish five special tourism zones anchored on SPV (Special purpose vehicle) in the financial year 2017-18 in partnership with the state governments.

    Incorrect

    Explanation:
    The government will establish five special tourism zones anchored on SPV (Special purpose vehicle) in the financial year 2017-18 in partnership with the state governments.

  81. Question 81 of 100
    81. Question
    1 points
    Category: General Awareness

    How many international skill centers to be opened to help people get jobs in abroad?

    Correct

    Explanation:
    Finance Minister has allocated Rs 3,016 crore to the Ministry of Skill Development and Entrepreneurship Budget 2017. 5 lakh people will be given mason training in the next five years and 100 India International Skills Centres, offering advanced training including courses in foreign languages will be set up.

    Incorrect

    Explanation:
    Finance Minister has allocated Rs 3,016 crore to the Ministry of Skill Development and Entrepreneurship Budget 2017. 5 lakh people will be given mason training in the next five years and 100 India International Skills Centres, offering advanced training including courses in foreign languages will be set up.

  82. Question 82 of 100
    82. Question
    1 points
    Category: General Awareness

    The government aims to launch SWAYAM Platform to provide at-least 350 online courses for enabling students to virtually attend courses. What does SWAYAM stands for?

    Correct

    Explanation:
    SWAYAM or Study Webs of Active –Learning for Young Aspiring Minds platform, will be launched with at least 350 online courses. This would enable students to virtually attend courses taught by the best faculty

    Incorrect

    Explanation:
    SWAYAM or Study Webs of Active –Learning for Young Aspiring Minds platform, will be launched with at least 350 online courses. This would enable students to virtually attend courses taught by the best faculty

  83. Question 83 of 100
    83. Question
    1 points
    Category: General Awareness

    According to the Union Budget 2017-18, the total resources transferred to the States and Union Territories is ____________

    Correct

    Explanation:
    Total resources being transferred to the States and the Union Territories with Legislatures is 4,11,000 crore, against ` 3,60,000 crores in 2016- 17.

    Incorrect

    Explanation:
    Total resources being transferred to the States and the Union Territories with Legislatures is 4,11,000 crore, against ` 3,60,000 crores in 2016- 17.

  84. Question 84 of 100
    84. Question
    1 points
    Category: General Awareness

    As per the data in the Budget 2017-18, World Bank has projected India’s GDP growth rate at __________ percent for Financial Year 2018.

    Correct

    Explanation:
    The World Bank expects India’s GDP growth rate at 7.6% in Financial Year 2018.

    Incorrect

    Explanation:
    The World Bank expects India’s GDP growth rate at 7.6% in Financial Year 2018.

  85. Question 85 of 100
    85. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, a tax rate of 25 percent would be levied on small and medium sized enterprises which have an annual turnover of up to Rs.__________

    Correct

    Explanation:
    In order to make MSME companies more viable, income tax for companies with annual turnover upto Rs. 50 crore is reduced to 25%. About 96% of companies will get this benefit of lower taxation. This will make our MSME sector more competitive as compared to large companies.

    Incorrect

    Explanation:
    In order to make MSME companies more viable, income tax for companies with annual turnover upto Rs. 50 crore is reduced to 25%. About 96% of companies will get this benefit of lower taxation. This will make our MSME sector more competitive as compared to large companies.

  86. Question 86 of 100
    86. Question
    1 points
    Category: General Awareness

    Which of the following campaign will be launched by the Union Government to promote tourism and employment, as per the Union Budget 2017?

    Correct

    Explanation:
    Government has proposed to introduce Incredible India 2.0 Campaign to promote tourism and employment.

    Incorrect

    Explanation:
    Government has proposed to introduce Incredible India 2.0 Campaign to promote tourism and employment.

  87. Question 87 of 100
    87. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, LIC will implement a scheme to provide a guaranteed rate of return of ________percent per annum for 10 years to senior citizens.

    Correct

    Explanation:
    LIC will implement a scheme for senior citizens to provide assured pension, with a guaranteed return of 8% per annum for 10 years. For senior citizens, Aadhaar based smart cards containing their health details will be introduced. A beginning will be made through a pilot in 15 districts during 2017-18.

    Incorrect

    Explanation:
    LIC will implement a scheme for senior citizens to provide assured pension, with a guaranteed return of 8% per annum for 10 years. For senior citizens, Aadhaar based smart cards containing their health details will be introduced. A beginning will be made through a pilot in 15 districts during 2017-18.

  88. Question 88 of 100
    88. Question
    1 points
    Category: General Awareness

    As per the budget how many Railway stations will be made differently abled friendly by providing lifts and escalators?

    Correct

    Explanation:
    Modernisation and upgradation of identified corridor, railway lines of 3,500 kms will be commissioned, 25 stations are expected to be awarded for station redevelopment and 500 stations will be made differently abled friendly by providing lifts and escalatorsduring 2017-18. These provide large opportunities under the Make in India initiative

    Incorrect

    Explanation:
    Modernisation and upgradation of identified corridor, railway lines of 3,500 kms will be commissioned, 25 stations are expected to be awarded for station redevelopment and 500 stations will be made differently abled friendly by providing lifts and escalatorsduring 2017-18. These provide large opportunities under the Make in India initiative

  89. Question 89 of 100
    89. Question
    1 points
    Category: General Awareness

    The sanitation coverage in rural India has increased to ______ percent as per the data in Budget 2017-18.

    Correct

    Explanation:
    Sanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%. Open Defecation Free villages are now being given priority for piped water supply.

    Incorrect

    Explanation:
    Sanitation coverage in rural India has gone up from 42% in Oct 2014 to about 60%. Open Defecation Free villages are now being given priority for piped water supply.

  90. Question 90 of 100
    90. Question
    1 points
    Category: General Awareness

    For Small and Medium tax payers whose turnover is upto Rs. 2 crores, the presumptive tax has been lowered from 8 percent to _______ percent.

    Correct

    Explanation:
    The corporate tax has been reduced from 30% to 25% for those with an annual turnover for less than Rs 50 crore. For SMEs with turnover up to Rs 2 crore, the presumptive tax will be lowered from 8% to 6% and thus lowered the financial burden and boosting small merchants.

    Incorrect

    Explanation:
    The corporate tax has been reduced from 30% to 25% for those with an annual turnover for less than Rs 50 crore. For SMEs with turnover up to Rs 2 crore, the presumptive tax will be lowered from 8% to 6% and thus lowered the financial burden and boosting small merchants.

  91. Question 91 of 100
    91. Question
    1 points
    Category: General Awareness

    As per the Union budget 2017-18, what percent of service charge would be levied on tickets booked through IRCTC?

    Correct

    Explanation:
    No service charge would be levied. The service charge has been withdrawn effective 1 April 2017.

    Incorrect

    Explanation:
    No service charge would be levied. The service charge has been withdrawn effective 1 April 2017.

  92. Question 92 of 100
    92. Question
    1 points
    Category: General Awareness

    As per the Union Budget 2017-18, which of the given Railway subsidiaries will be listed in the Stock exchange?

    Correct

    Explanation:
    Railway Public Sector Enterprises will be listed in Stock exchange: The Finance Minister said that shares of Railway Public Sector Enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed on stock exchanges.

    Incorrect

    Explanation:
    Railway Public Sector Enterprises will be listed in Stock exchange: The Finance Minister said that shares of Railway Public Sector Enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed on stock exchanges.

  93. Question 93 of 100
    93. Question
    1 points
    Category: General Awareness

    How much amount has been approved in the Union Budget 2017-18 in incentive schemes like M-SIPS and EDF to make India a global hub?

    Correct

    Explanation:
    For creating an eco-system to make India a global hub for electronics manufacturing a provision of Rs. 745 crores in 2017-18 in incentive schemes like M-SIPS and EDF.

    Incorrect

    Explanation:
    For creating an eco-system to make India a global hub for electronics manufacturing a provision of Rs. 745 crores in 2017-18 in incentive schemes like M-SIPS and EDF.

  94. Question 94 of 100
    94. Question
    1 points
    Category: General Awareness

    What does S stands for in SANKALP?

    Correct

    Explanation:
    Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) to be
    launched at a cost of Rs. 4000 crores. SANKALP will provide market relevant training to 3.5 crore youth.

    Incorrect

    Explanation:
    Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) to be
    launched at a cost of Rs. 4000 crores. SANKALP will provide market relevant training to 3.5 crore youth.

  95. Question 95 of 100
    95. Question
    1 points
    Category: General Awareness

    The next phase of STRIVE will be launched at how much cost in 2017-18?

    Correct

    Explanation:
    Next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will be launched in 2017-18 at a cost of Rs2,200 crore. STRIVE will focus to improve on the quality and the market relevance of vocational training provided in ITIs and strengthen the apprenticeship programme through industry-cluster approach.

    Incorrect

    Explanation:
    Next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will be launched in 2017-18 at a cost of Rs2,200 crore. STRIVE will focus to improve on the quality and the market relevance of vocational training provided in ITIs and strengthen the apprenticeship programme through industry-cluster approach.

  96. Question 96 of 100
    96. Question
    1 points
    Category: General Awareness

    Government has proposed to introduce a system of measuring annual learning with focus on ______ educationally-backward blocks.

    Correct

    Explanation:
    Government will introduce a system of measuring annual learning outcomes and come out with an innovation fund for secondary education. Focus will be on 3,479 educationally-backward blocks.

    Incorrect

    Explanation:
    Government will introduce a system of measuring annual learning outcomes and come out with an innovation fund for secondary education. Focus will be on 3,479 educationally-backward blocks.

  97. Question 97 of 100
    97. Question
    1 points
    Category: General Awareness

    As proposed by the government, which of the following will be established to safeguard the financial sector from cyber crime?

    Correct

    Explanation:
    A Computer Emergency Response Team for our Financial Sector (CERT-Fin) will be established for safeguarding the integrity and stability of our financial sector and to strengthen security of the financial sector amid increasing incidents of cyber frauds.

    Incorrect

    Explanation:
    A Computer Emergency Response Team for our Financial Sector (CERT-Fin) will be established for safeguarding the integrity and stability of our financial sector and to strengthen security of the financial sector amid increasing incidents of cyber frauds.

  98. Question 98 of 100
    98. Question
    1 points
    Category: General Awareness

    How much amount has been allocated to the Ministry of Defence in the Union Budget 2017-18?

    Correct

    Explanation:
    India’s defence budget received a boost of 6.2 percent in the Budget 2017 speech delivered by Union Finance Minister Arun Jaitley. The defence outlay is pegged at just over 2.74 lakh crore.

    Incorrect

    Explanation:
    India’s defence budget received a boost of 6.2 percent in the Budget 2017 speech delivered by Union Finance Minister Arun Jaitley. The defence outlay is pegged at just over 2.74 lakh crore.

  99. Question 99 of 100
    99. Question
    1 points
    Category: General Awareness

    Union Budget 2017-18 focused on 10 distinct themes. Which among the following is NOT among the themes?

    Correct

    Explanation:
    The Union Budget 2017-18 is based on ten major themes. Farmers, Rural Population, Youth, Poor and the Underprivileged, Infrastructure, Financial Sector , Digital Economy , Public Service , Prudent Fiscal Management and Tax Administration

    Incorrect

    Explanation:
    The Union Budget 2017-18 is based on ten major themes. Farmers, Rural Population, Youth, Poor and the Underprivileged, Infrastructure, Financial Sector , Digital Economy , Public Service , Prudent Fiscal Management and Tax Administration

  100. Question 100 of 100
    100. Question
    1 points
    Category: General Awareness

    The Union Budget 2017-18 contains 3 major reforms. Which among the following reforms is not one of them?

    Correct

    Explanation:
    The Union Budget 2017-18 contains 3 major reforms. Presented on Februray 1, 2017 instead of usual practice of being presented on last day of February, Merger of Railway Budget with the General Budget, Abolition of Planned & Non-Planned Expenditure

    Incorrect

    Explanation:
    The Union Budget 2017-18 contains 3 major reforms. Presented on Februray 1, 2017 instead of usual practice of being presented on last day of February, Merger of Railway Budget with the General Budget, Abolition of Planned & Non-Planned Expenditure


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