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100 Mcqs Free E-Book 100 MOST IMPORTANT MCQs UNION BUDGET 2020-21 FOR RBI GRADE B, NABARD GRADE A & SEBI GRADE A Union Budget 2020-21 – 100 MCQs Free e-book Union Budget 2020-21 100 Most Important MCQS Q.1) Which of the following are the themes of Union Budget 2020-21? (1M) 1. Aspirational India 2. Economic Development for All 3. Caring Society A) 1 and 2 B) 2 and 3 C) 1 and 3 D) All of the above E) None of the above Answer: Option B • The budget 2020-21 is dedicated to providing “Ease of Living” to all citizens which is further divided into three prominent themes: •Agriculture, Irrigation and Rural Development Aspirational India •Wellness, Water and Sanitation •Education and Skills Economic Development •Industry, Commerce and for all Investment •Infrastructure ensuring “Sabka Saath, Sabka Vikas, Sabka Vishwas” •New Economy Caring Society •Women & Child, Social Welfare Both humane and •Culture and Tourism compassionate •Environment and Climate Change Union Budget 2020-21 – 100 MCQs Free e-book Q.2) The Union Budget of India also referred to as the Annual Financial Statement is mentioned in the which of the following articles of Constitution of India? (1M) A) Article 110 B) Article 112 C) Article 201 D) Article 203 E) None of the above Answer: Option B UNION BUDGET 2020-21 • The Union Budget of India also referred to as the Annual Financial Statement mentioned in the Article 112 of the Constitution of India, is the annual budget statement of India. • The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947 • The tradition to bring a red-coloured bag to the present budget started around 1860 • Budget is printed on white paper with black ink for more visual clarity. • Uttarkhand is the first Indian state which presented the digital budget. Q.3) In Budget 2020-21, the government has announced sixteen action point agenda to indicate its focus on which of the following sectors? (1M) A) Industry, Commerce, and Investment B) Education and Skills C) Infrastructure D) Agriculture, Irrigation and Rural Development E) Wellness, Water and Sanitation Answer: Option D Union Budget 2020-21 – 100 MCQs Free e-book Sixteen Action Point Agenda: Focus in agriculture, Irrigation and Rural development. 1. Measures for 100 water-stressed districts. 2. Blue Economy 3. Kisan Rail 4. Krishi Udaan 5. One-Product One-District 6. Balanced use of all kinds of fertilizers 7. Organic, natural, and integrated farming 8. PM-KUSUM scheme to be expanded 9. Village Storage Scheme 10. Mapping and Geotagging of agri-warehouses, cold storages, reefer van facilities 12. Integration of e-NWR with e-NAM 13. Agriculture credit 14. Livestock 15. Deen Dayal Antyodaya Yojana 16. Encourage those State governments Q.4) What is the budget outlay for Agriculture, Irrigation, and Rural Development for the year 2020-21? (1M) A) Rs 2.83 lakh crore B) Rs. 1.60 lakh crore C) Rs.1.23 lakh crore D) Rs. 3.60 lakh crore Union Budget 2020-21 – 100 MCQs Free e-book E) None of the above Answer: Option A Q.5) The PM-KUSUM scheme has removed farmers’ dependence on diesel and kerosene and linked pump sets to solar energy. When was it launched? (1M) A) 2016 B) 2017 C) 2018 D) 2019 E) 2020 Answer: Option D Q.6) In the budget 2020-21, it has been proposed to expand the PM-KUSUM scheme for how many farmers for setting up stand-alone solar pumps? (2M) A) 10 Lakh farmers B) 15 Lakh farmers C) 20 Lakh farmers D) 25 lakh farmers E) None of the above Answer: Option C Q.7) PM KUSUM scheme is launched by which of the following ministries? (1 M) A) Ministry of New and Renewable Energy B) Ministry of Environment and Climate Change C) Ministry of Micro, Small and Medium Enterprises D) Ministry of Agriculture E) None of the above Union Budget 2020-21 – 100 MCQs Free e-book Answer: Option A Q.8) PM KUSUM scheme aims to add solar and other renewable capacity of _______ MW by 2022? (1 M) A) 25,550 MW B) 25,650 MW C) 25,750 MW D) 26,650 MW E) 27,570 MW Answer: Option C It is a ₹1.4 lakh-crore scheme for promoting decentralised solar power production of up to 28,250 MW to help farmers. Components: • Building 10,000 MW solar plants on barren lands and providing sops to DISCOMS to purchase the electricity produced • ‘Solarising’ existing pumps of 7250 MW as well as government tube wells with a capacity of 8250 MW and distributing 17.5 lakh solar pumps • The 60% subsidy on the solar pumps provided to farmers • Promotion of decentralised solar power production • Reduction of transmission losses as well as providing support to the financial health of DISCOMs. • Promote energy efficiency and water conservation and provide water security to farmers Q.9) In the Budget 2020-21, the government targets doubling of milk processing capacity to 108 million MT from _____million MT by 2025? ( 1 M) A) 50.5 million MT B) 51.5 million MT C) 52.5 million MT D) 53.5 million MT E) 54.5 million MT Union Budget 2020-21 – 100 MCQs Free e-book Answer: Option D Livestock: • The government facilitates doubling of milk processing capacity to 108 million MT from 53.5 million MT by 2025. • Coverage of Artificial insemination to be increased to 70% from the present 30%. • MNREGS would be dovetailed to develop fodder farms. • It also intends to eliminate the Foot and Mouth Disease, Brucellosis in cattle and Peste des Petits ruminants (PPR) in sheep and goat by 2025. Q.10) Deendayal Antyodya Yojana has been launched in which of the following years? (2 M) A) 2011 B) 2012 C) 2013 D) 2014 E) 2015 Answer: Option C Q.11) According to the Budget 2020-21, how many households have been mobilised as a part of Deendayal Antyodaya Yojana? (2 M) A) 0.5 Cr B) 1 Cr C) 1.5 Cr D) 2 Cr E) None of the above Answer: Option A Union Budget 2020-21 – 100 MCQs Free e-book Q.12) In the Budget 2020-21, what is the allocation/outlay for healthcare sector? (1 M) A) Rs.65,000Cr B) Rs.66,000Cr C) Rs.67,000Cr D) Rs.68,000Cr E) Rs.69,000Cr Answer: Option E Q.13) How much is the budgetary allocation for PMJAY (PM Jan Aarogya Yojana)? (1 M) A) Rs. 6000 Cr B) Rs. 6100 Cr C) Rs. 6200 Cr D) Rs. 6300 Cr E) Rs. 6400 Cr Answer: Option D Q.14) According to Budget 2020-21, how many empaneled hospitals are there as part of PMJAY? (1 M) A) 5000 B) 10000 C) 15000 D) 20000 E) 25000 Answer: Option D Union Budget 2020-21 – 100 MCQs Free e-book PM-Jan Aarogya Yojana: • Launched in the year 2018 • The world’s largest health insurance/ assurance scheme fully financed by the government. • It provides cover of 5 lakhs per family per year, for secondary and tertiary care hospitalization across public and private empaneled hospitals in India. • Coverage: Over 10.74 crore poor and vulnerable entitled families (approximately 50 crore beneficiaries) are eligible for these benefits • No restrictions on family size, age or gender. • All pre–existing conditions are covered from day one • Covers up to 3 days of pre-hospitalization and 15 days post-hospitalization expenses • The households included are based on the deprivation and occupational criteria of Socio-Economic Caste Census 2011 (SECC 2011) for rural and urban areas respectively. • PM-JAY was earlier known as the National Health Protection Scheme (NHPS) before being rechristened. • It subsumed the then existing Rashtriya Swasthya Bima Yojana (RSBY) which had been launched in 2008. Q.15) Jan Aushadhi Kendra Scheme will be extended to offer 2000 medicines and 300 surgicals in all districts by which of the following years? (1 M) • A) 2023 • B) 2024 • C) 2025 • D) 2030 • E) None of the above Answer: Option B Q.16) Which of the following ministry implements PM Bharatiya Janaushadi Pariyojana? (1 M) A) Ministry of Health and Family Welfare B) Ministry of Chemicals &Fertilisers Union Budget 2020-21 – 100 MCQs Free e-book C) Ministry of MSME D) Ministry of Industry and Commerce E) None of the above Answer: Option B PM Bharatiya Janaushadi Pariyojana: • PMBJP is a campaign launched by the Department of Pharmaceuticals in 2008 • Bureau of Pharma PSUs of India (BPPI) is the implementation agency. • PMBJP stores have been set up to provide generic drugs, which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs. • It also intends to extend the coverage of quality generic medicines so as to reduce the out-of-pocket expenditure on medicines and thereby redefine the unit cost of treatment per person. • One-time assistance of Rs.2.50 lakhs as furnishing and establishment costs, start-up cost for setting up a Jan Aushadhi Outlet. Q.17) In the budget 2020-21, “TB Harega Desh Jeetega” campaign will be strengthened with a commitment to end Tuberculosis by which of the following years? (1 M) A) 2023 B) 2024 C) 2025 D) 2030 E) 2035 Answer: Option C Q.18) What is the allocation/outlay for nutrition related programmes in Budget 2020-21? (1 M) A) Rs. 31,600 Cr B) Rs. 33,600 Cr Union Budget 2020-21 – 100 MCQs Free e-book C) Rs. 35,600 Cr D) Rs. 37,600 Cr E) Rs.
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