Union Budget 2015 Quiz 1

[dropcap]H[/dropcap]ello Aspirants. Welcome to Union Budget 2015 Quiz in AffairsCloud.com. Here we are creating quiz covering important news in Union Budget 2015, which is common for all the IBPS exams and other competitive exams.

1. PAN card is must for all purchase above Rupees ___________
   a) 50000
   b) 100000
   c) 125000
   d) 150000
   e) 200000
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   Answer

   b) 100000 
   
   
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2. Corporate tax reduced from 30% to _________ over next four years.
   a) 27.5%
   b) 25%
   c) 22.5%
   d) 20%
   e) 22%
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   Answer

   b) 25% 
   
   
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3. Mudra banks to be established with capital of Rs._____ crore.
   a) 10000
   b) 12000
   c) 15000
   d) 20000
   e) 25000
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   Answer

   d) 20000 
   
   
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4. Transportation allowance increased from Rs._____ to Rs.1,600
   a) 750
   b) 1000
   c) 800
   d) 1200
   e) 900
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   Answer

   c) 800 
   
   
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5. Shoes and Chapals to become cheaper as excise duty reduced to ______ ?
   a) 5%
   b) 6%
   c) 7%
   d) 8%
   e) 10%
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   Answer

   b) 6% 
   
   
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6. AIIMS to be set up in 5 states and which state is not in set up list?
   a) Punjab,
   b) Tamil Nadu,
   c) Himachal Pradesh
   d) Assam.
   e) kerala
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   Answer

   e) kerala 
   
   
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7. IIT to be build in ______
   a) kerala
   b) Tamil nadu
   c) Andhra Pradesh
   d) Telangana
   e) Karnataka
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   Answer

   e) Karnataka 
   
   
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8. ________  % tax deduction for contribution to Swachch Bharat and Clean Ganga schemes was announced. 
   a) 80%
   b) 85%
   c) 90%
   d) 97.5%
   e) 100%
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   Answer

   e) 100% 
   
   
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9. Govt increases limit of deduction of health insurance premium from Rs 15,000 to Rs._______
   a) 20000
   b) 22500
   c) 25000
   d) 27500
   e) 30000
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   Answer

   c) 25000 
   
   
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10. Defence allocation for this fiscal is around Rs _____crore.
    a) 210000
    b) 220000
    c) 250000
    d) 265000
    e) 275000
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    Answer

    c) 250000 
    
    
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11. Govt to raise visa-on-arrival facilities to ____ countries from 43?
    a) 120
    b) 130
    c) 150
    d) 165
    e) 175
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    Answer

    c) 150 
    
    
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12. Horticulture University to be established in ______
    a) Himachal Pradesh
    b) Haryana
    c) Rajasthan
    d) Punjab
    e) Jammu and Kashmir
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    Answer

    d) Punjab 
    
    
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13. government to introduce Indian gold coin with _______ on it.
    a) RBI emblem
    b) Ashoka sign
    c) Tiger symbol
    d) National flag
    e) None of these
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    Answer

    b) Ashoka sign 
    
    
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14. IIM to be built in _____
    a) Jammu and Kashmir
    b) Tamilnadu
    c) Andhra Pradesh
    d) Telangana
    e) Karnataka
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    Answer

    a) Jammu and Kashmir 
    
    
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15. Investment in infrastructure to go up by Rs _______ crores
    a) 50000
    b) 60000
    c) 65000
    d) 75000
    e) 70000
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    Answer

    e) 70000 
    
    
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