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. 39,600 Cr
Answer: Option C
Q.19) What is the allocation/outlay for women related programmes in Budget 2020-21? (1 M) A) Rs. 25,600 Cr B) Rs. 26,600 Cr C) Rs. 27,600 Cr D) Rs. 28,600 Cr E) Rs. 29,600 Cr
Answer: Option D
Q.20) Budget 2020-21 proposed creation of 5 archeological sites as iconic sites with ON-site museums. Which of the following sites are included in it? (1 M) 1. Rakhigarhi (Haryana) 2. Dholavira (Gujarat 3. Shivsagar (Assam) A) 1 and 2 B) 2 and 3 C) 1 and 3 D) All the above E) None of the above
Answer: Option D
Union Budget 2020-21 – 100 MCQs Free e-book
Archaeological sites to be developed as iconic sites with on-site Museums:
• Rakhigarhi (Haryana)
• Hastinapur (Uttar Pradesh)
• Shivsagar (Assam)
• Dholavira (Gujarat)
• Adichanallur (Tamil Nadu)
Q.21) Budget 2020-21 proposed setting up of a maritime museum in which of the following places? (1 M) A) Hastinapur (Uttar Pradesh) B) Dholavira (Gujarat) C) Lothal (Gujarat) D) Ranchi (Jharkand) E) Adichanallur (Tamil Nadu)
Answer: Option C
Q.22) In Budget 2020-21, what is the government allocation for tourism promotion? (1 M) A) Rs. 2000 crore B) Rs. 2200 crore C) Rs. 2300 crore D) Rs. 2400 crore E) Rs. 2500 crore
Answer: Option E
Q.23) PM has launched Coalition for Disaster Resilient Infrastructure (CDRI) with Secretariat in which of the following places? (1 M) A) Hyderabad B) Bangalore
Union Budget 2020-21 – 100 MCQs Free e-book
C) Delhi D) Chennai E) Mumbai
Answer: Option C
Q.24) In the Budget 2020-21, what is the budgetary allocation for Environment and Climate Change? (1 M) A) Rs 4000 Cr B) Rs 4100Cr C) Rs 4200Cr D) Rs 4300Cr E) Rs 4400Cr
Answer: Option E
Q.25) Deposit Insurance and Credit Guarantee Corporation (DICGC) permitted to increase Deposit Insurance Coverage to ______from Rs.1 lakh per depositor? (1 M) A) Rs 1.5 lakh B) Rs 2 lakh C) Rs 2.5 lakh D) Rs 3 lakh E) Rs 3.5 lakh
Answer: Option B
Q.26) In Budget 2020-21, a sum of _____ has been crore allocated to begin the preparations for G20 presidency to be hosted in India in the year 2022? (1 M) A) Rs.100 Cr
Union Budget 2020-21 – 100 MCQs Free e-book
B) Rs.200 Cr C) Rs.300 Cr D) Rs.400 Cr E) Rs.500 Cr
Answer: Option A
Q.27) In Budget 2020-21, as a backward linkage, a Village Storage scheme has been proposed to be run by the women SHGs. It is the initiative of which of the following ministries? (1 M) A) Ministry of Agriculture and Farmers Welfare B) Ministry of Rural Development C) Ministry of Food Processing and Industries D) Ministry of MSME E) None of the above
Answer: Option C
Q.28) In Budget 2020-21, it has been proposed to involve youth in fisheries extension through 3477 Sagar Mitras and _____ Fish Farmer Producer Organisations? (1 M) A) 100 B) 200 C) 300 D) 400 E) 500
Answer: Option E
Pradhan Mantri Kisan SAMPADA Yojana: • In 2017, SAMPADA was renamed as the PMKSY.
Union Budget 2020-21 – 100 MCQs Free e-book
• An allocation of ₹6,000 crores for the period of 2016-20. • It is a centrally Sponsored scheme.
Objectives: • To supplement agriculture. • To create processing and preservation capacities. • To modernise and expand existing food processing units with a view to increasing the level of processing.
Q.29) Budget 2020-21 proposed One-Product One-District to promote which of the following sectors? (1 M) A) MSME B) Horticulture C) Manufacturing D) Organic Farming E) None of the above
Answer: Option B
Q.30) Budget 2020-21 proposed setting up of ‘Krishi Udan’ to make the transportation of agricultural products easy for farmers. It is the initiative of which of the following minsitries? (1 M) A) Ministry of Agriculture and Farmers Welfare B) Ministry of Railways C) Ministry of Road Transport and Highways D) Ministry of Civil Aviation E) None of the above
Answer: Option D
Union Budget 2020-21 – 100 MCQs Free e-book
Q.31) For the FY 2019-20, What is the revised estimates of Expenditure? A) Rs.24.99 lakh crore B) Rs.25.99 lakh crore C) Rs.26.99 lakh crore D) Rs.27.99 lakh crore E) Rs.28.99 lakh crore
Answer: Option C
Expenditure
Capital Revenue
Plan and Plan Non-Plan Non-plan
Union Budget 2020-21 – 100 MCQs Free e-book
Q.32) For the FY 2019-20, What is the revised estimates of Receipts? (1M) A) Rs.16.32 lakh crore B) Rs.17.32 lakh crore C) Rs.18.32 lakh crore D) Rs.19.32 lakh crore E) None of the above
Answer: Option D
Q.33) For the FY 2020-21, What is the estimated estimates of Receipts? (1M) A) Rs 22.16 lakh crore B) Rs 22.26 lakh crore C) Rs 22.36 lakh crore D) Rs 22.46 lakh crore E) Rs 22.56 lakh crore
Answer: Option D
Union Budget 2020-21 – 100 MCQs Free e-book
Q.34) For the FY 2020-21, What is the estimated estimates of Expenditure? (1M) A) Rs 30.12 lakh crore B) Rs.30.22lakh crore C) Rs.30.32 lakh crore D) Rs. 30.42 lakh crore E) None of the above
Answer: Option D
Union Budget 2020-21 – 100 MCQs Free e-book
Q.35) What is the estimated Fiscal Deficit to GDP % Target for the FY 2020-21?(1M) A) 3.3 B) 3.4 C) 3.5 D) 3.8 E) None of the above
Answer: Option D
Q.36) What is the revised Fiscal Deficit to GDP % Target for the FY 2019-20? (2M) A) 3.3 B) 3.4 C) 3.5 D) 3.6 E) 3.8
Answer: Option E
Union Budget 2020-21 – 100 MCQs Free e-book
Q.37) What is the estimated Revenue Deficit to GDP % Target for the FY 2020-21? (1 M) A) 2.3 B) 2.4 C) 2.5 D) 2.6 E) 2.7
Answer: Option E
Q.38) What is the revised Revenue Deficit to GDP % Target for the FY 2019-20? (1 M) A) 2.2 B) 2.3 C) 2.4 D) 2.5 E) 2.6
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.39) What is the estimated Primary Deficit to GDP % Target for the FY 2020-21? (1 M) A) 0.2 B) 0.3 C) 0.4 D) 0.5 E) 0.6
Answer: Option C
Q.40) What is the revised Primary Deficit to GDP % Target for the FY 2019-20?(2 M) A) 2011 B) 2012 C) 2013 D) 2014 E) 2015
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.41) For the FY 2020-21, What is the estimated estimates of Capital Expenditure? (2 M) A) Rs. 10.21 Lakh Cr B) Rs. 10.31 Lakh Cr C) Rs. 10.41 Lakh Cr D) Rs. 10.51 Lakh Cr E) None of the above
Answer: Option A
Q.42) The debt restructuring window for MSMEs to be extended by one year till ______by RBI? (1 M) A) Dec 31,2020 B) Feb 28 ,2021 C) March 31, 2021 D) March 31, 2022 E) March 31, 2023
Answer: Option C
• RBI allowed lenders to recast loans of stressed micro, small and medium enterprises (MSMEs), provided the total fund- and non-fund-based exposure to such a borrower does not exceed ₹25 crore. • Such a debt restructuring, the central bank had said, would not lead to a downgrade in asset classification. • According to an RBI statement last year, a provision of 5% of the total outstanding loan, in addition to the money already set aside to cover potential losses, was to be made for such borrowers. • More than five lakh MSMEs have benefitted from restructuring of debt permitted by RBI in the last year
Union Budget 2020-21 – 100 MCQs Free e-book
Q.43) In Budget 2020-21, the FPI limit in corporate bonds, currently at 9% of outstanding stock, to be increased to ____? (1 M) A) 10% B) 12% C) 13% D) 14% E) 15%
Answer: Option E
Fully Accessible Route (FAR) • The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors without any restrictions. • All new issuances of government securities of 5-year, 10-year and 30-year tenors from the financial year 2020-21, will be eligible for investment under
Q.44) In Budget 2020-21, an individual shall be required to pay tax at the reduced rate of _____for income between Rs. 5 Lakh to Rs. 7. 5 Lakh? (1 M) A) 8% B) 9% C) 10% D) 11% E) None of the above
Answer: Option C
Q.45) In Budget 2020-21, for income between Rs. 7.5 Lakh to _____shall be required to pay at the reduced rate of 15%? (1 M) A) Rs. 8.5Lakh
Union Budget 2020-21 – 100 MCQs Free e-book
B) Rs. 9 Lakh C) Rs. 9.5Lakh D) Rs. 10 Lakh E) Rs. 10.5Lakh
Answer: Option D
Q.46) In the Budget 2020-21, the new personal income tax rates will entail estimated revenue forgone of ______per year? (1 M) A) Rs. 30,000 crores B) Rs. 35,000 crores C) Rs. 40,000 crores D) Rs. 45,000 crores E) None of the above
Answer: Option C
Q.47) Currently, what is the Dividend Distribution Tax (DDT) that companies are required to pay on the dividend paid to its shareholders along applicable surcharge? (1 M) A) 10% B) 12% C) 13% D) 14% E) 15%
Answer: Option E Dividend Distribution TAX • Tax levied on dividends that a company pays to its shareholders out of its profits. • Is taxable at source and is deducted at the time of the company distributing dividends.
Union Budget 2020-21 – 100 MCQs Free e-book
Q.48) In the Budget 2002-21, What is the reduction in rate of Tax Deduction at Source (TDS) –in case of fees for technical services (other than professional services) to ______from existing 10%.? (1 M) A) 6% B) 5% C) 4% D) 3% E) 2%
Answer: Option C
Q.49) What is the tax exemption granted to the interest, dividend and capital gains income in respect of investment made in infrastructure and other notified sectors before 31st March 2024? (1 M) A) 60% B) 70% C) 80% D) 90% E) 100%
Answer: Option E
Q.50) In Budget 2020-21, About_____ higher educational institutions will start apprenticeship embedded degree/diploma courses by March 2021? (1 M) A) 100 B) 150 C) 200 D) 250 E) 300
Answer: Option B
Union Budget 2020-21 – 100 MCQs Free e-book
Q.51) In Budget 2020-21, the turnover threshold for audit increased to Rs. 5 croress from ______for businesses carrying out less than 5% business transactions in cash.? (1 M) A) Rs. 1 Crore B) Rs. 2 Crore C) Rs. 3 Crore D) Rs. 4 Crore E) None of the above
Answer: Option A • To reduce compliance burden on small retailers, traders, shop keepers who comprise the medium, small and micro enterprises (MSME) sector. • The Union Budget has proposed to raise by five times the turnover threshold for audit from the existing Rs 1 crore to 5 crores. • However, the increased limit will apply only to those businesses which carry out less than five per cent of their business transactions in cash. • Currently, businesses having turnover of more than Rs 1 crore are required to get their books of accounts audited by an accountant
Q.52) ‘Vivad Se Vishwas’ Scheme has been introduced to reduce litigations in direct taxes. Only disputed taxes to be paid by taxpayer for payments till ______with complete waive off of interest and penalty (1 M) A) 30st March 2020 B) 31st March 2020 C) 30st March 2021 D) 31st March 2021 E) None of the above
Answer: Option B
• In essence, the Bill is aimed at resolving direct tax-related disputes in a speedy manner. • The Vivad se Vishwas Scheme is to do for direct tax-related disputes exactly what Sabka Vishwas did for indirect tax-related disputes.
Union Budget 2020-21 – 100 MCQs Free e-book
• A taxpayer would be required to pay only the amount of the disputed taxes and will get a complete waiver of interest and penalty provided he pays by 31st March 2020. • However, the scheme will remain open only till June 30, 2020.
Q.53) In Budget 2202-21, What is allocation for skill development? (1 M) A) Rs 2000 Cr B) Rs 2500 Cr C) Rs 3000 Cr D) Rs 3500 Cr E) Rs 4000 Cr
Answer: Option C
Q.54) It has been proposed to develop ____ new smart cities in collaboration with States in PPP mode? (1 M) A) 5 B) 10 C) 15 D) 20 E) 25
Answer: Option A
Q.55) National Technical Textiles Mission to be set up with four-year implementation period to which of the following year? (1 M) A) 2020-21 B) 2021-22 C) 2022-23 D) 2023-24 E) 2024-25
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option D
National Technical Textiles Mission
• With a total outlay of Rs 1480 Crore, with a view to position the country as a global leader in Technical Textiles. • Mission would have a four-year implementation period from FY 2020-21 to 2023-24. • Used for various applications ranging from agriculture, roads, railway tracks, sportswear, health on one end to bullet proof jacket, fireproof jackets, high altitude combat gear and space applications on another end
Q.56) In Budget 2020-21, NIRVIK (Niryat Rin Vikas Yojana)– A New scheme to be launched to achieve higher export credit disbursement. It is the initiative of which of the following ministries? (1 M) A) Ministry of ExternalAffairs B) Ministry of Finance C) Ministry of Industry and Commerce. D) Ministry of MSME E) Ministry of Corporate Affairs
Answer: Option C NIRVIK
• Provides for high insurance cover, reduction in premium for small exporters and simplified procedures for claim, settlement, • Ministry of Commerce and Industry. • The insurance guarantee could cover up to 90% of the principal and interest.
Q.57) In Budget 2020-21, It is proposed to take the turnover of Government e-Marketplace (GeM) to _____ lakh crore? (1 M) A) Rs.1 lakh Cr
Union Budget 2020-21 – 100 MCQs Free e-book
B) Rs.2 lakh Cr C) Rs.3 lakh Cr D) Rs.4 lakh Cr E) Rs.5 lakh Cr
Answer: Option C GeM,2016
• National public procurement platform of Ministry of Commerce and Industries. • Make in India’ filter has now been enabled on the portal. Buyers can choose to buy only those products that meet the minimum 50% local content criteria. • It is now mandatory for sellers to enter the Country of Origin while registering all new products on GeM.
Q.58) In Budget 2020-21, It has been proposed to provide about Rs ____Lakh crore for transport Infrastructure in 2020-21.? (1 M) A) Rs.1.7 lakh Cr B) Rs.2.3 lakh Cr C) Rs.3.5 lakh Cr D) Rs.4.1 lakh Cr E) Rs.5.1 lakh Cr
Answer: Option A
Q.59) Budget 2020-21 proposed to achieve electrification of ______Km of Indian Railways? (1 M) A) 25000 B) 26000 C) 27000 D) 29000
Union Budget 2020-21 – 100 MCQs Free e-book
E) 30000
Answer: Option C
Q.60) Budget 2020-21 proposed Fibre to the Home (FTTH) connections through Bharatnet to link how many gram panchayats in 2020? (1 M) A) 50,000 B) 1,00,000 C) 1,50,000 D) 2,50,000 E) None of the above
Answer: Option B
BharatNet,2015 • A flagship mission implemented by BBNL. Currently, it is being implemented by the Department of Telecommunication under the Ministry of Communications. • National Optical Fibre Network (NOFN) was launched in October 2011 and was renamed as Bharat Net Project. • To connect all the 2,50,000 Gram panchayats in the country and provide 100 Mbps connectivity to all gram panchayats.
Q.61) In Budget 2020-21, what is the outlay for National Mission on Quantum Technologies and Applications? (1 M) A) Rs 5000 Cr B) Rs 6000 Cr C) Rs 7000 Cr D) Rs 8000 Cr E) Rs 9000 Cr
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option D
Q.62) In Budget 2020-21, to support all round development of J&K and Ladakh, an amount of ______crore to be provided for the financial year 2020-21? (1 M) A) Rs. 30,457 crores B) Rs. 30,657 crores C) Rs. 30,757 crores D) Rs. 31,457 crores E) Rs. 31,757 crores
Answer: Option C
Q.63) Start-ups with turnover up to ______to enjoy 100% deduction for 3 consecutive assessment years out of 10 years? (1 M) A) Rs. 25 cr B) Rs. 50 cr C) Rs. 75 cr D) Rs. 100 cr E) None of the above
Answer: Option D
Q.64) NBFCs to be eligible for debt recovery under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 will be reduced to an asset size of Rs 100 crore from ______? (1 M) A) Rs.300 Crore B) Rs.400 Crore C) Rs.500 Crore D) Rs.600 Crore E) Rs.700 Crore
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option C
Q.65) Financing on Negotiable Warehousing Receipts (e-NWR) to be integrated with e- NAM.In Budget 2020-21, Negotiable Warehousing Receipts (e-NWR) has crossed more than ______Crore? (1M) A) Rs. 4000 crores B) Rs. 5000 crores C) Rs. 6000 crores D) Rs. 7000 crores E) None of the above
Answer: Option C
Q.66) In Budget 2020-21, Agriculture credit target for the year 2020-21 has been set at______? (1M) A) Rs 11 lakh crore B) Rs 12 lakh crore C) Rs 13 lakh crore D) Rs 14 lakh crore E) Rs 15 lakh crore
Answer: Option E
Q.67) In Budget 2020-21, Mission Indradhanush has been expanded to cover _____diseases, including five new vaccines? (1M) A) 8 B) 9 C) 10 D) 11 E) 12
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option E
Q.68) In Budget 2020-21, what is the allocation approved for Jal Jeevan Mission ?(1M) A) Rs. 3.40 lakh crore B) Rs. 3.50 lakh crore C) Rs. 3.60 lakh crore D) Rs. 3.70 lakh crore E) None of the above
Answer: Option C
Q.69) In Budget 2020-21, What is the budgetary allocation for Swachh Bharat Mission? (2M) A) Rs.12, 100 crores B) Rs.12, 200 crores C) Rs.12, 300 crores D) Rs.12, 400 crores E) Rs.12, 500 crores
Answer: Option C
Q.70) In Budget 2020-21, what is the budgetary allocation for education sector?(1 M) A) Rs 99,100 crore B) Rs 99,200 crore C) Rs 99,300 crore D) Rs 99,400 crore E) Rs 99,500 crore
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.71) In Budget 2020-21, what is the budgetary allocation for development and promotion of Industry and Commerce? (1 M) A) Rs. 27,300 crores B) Rs. 26,300 crores C) Rs. 27,500 crores D) Rs. 26,500 crores E) Rs. 27,600 crores
Answer: Option A
Q.72 How many airports to be developed as a part of Udaan scheme by 2024? ( 1 M) A) 50 B) 75 C) 100 D) 125 E) 150
Answer: Option C
Q.73) IN Budget 2020-21, it highlighted that in the upstream sector of oil and gas, the Open Acreage Licensing Policy (OALP) is a success having awarded ______sq km for exploration to private sector and to the CPSEs.? (2 M) A) 1, 17,000 sq km B) 1, 27,000 sq km C) 1, 37,000 sq km D) 1, 47,000 sq km E) 1, 57,000 sq km
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.74) For the FY 2020-21, What is the budget allocation to power and renewable energy sector in 2020-21? (2 M) A) Rs 20,000 crore B) Rs 21,000 crore C) Rs 22,000 crore D) Rs 23,000 crore E) None of the above
Answer: Option C
Q.75) In Budget 2020-21, Expansion of national gas grid from the present ______km to 27000 km proposed.? (1 M) A) 16000 km B) 16100 km C) 16200 km D) 16300 km E) 16400 km
Answer: Option C
Q.76) Poshan Abhiyan was launched in 2017-18. In Budget 2020-21, it highlighted that more than_____lakh anganwadi workers are equipped with smart phones to upload the nutritional status of more than 10 crore households. (1 M) A) 4 lakh B) 5 lakh C) 6 lakh D) 7 lakh E) 8 lakh
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.77) In Budget 2020-21, a provision of ______crore is proposed for welfare of Scheduled Castes and Other Backward Classes? (1 M) A) Rs. 81, 000 crore B) Rs. 82, 000 crore C) Rs. 83, 000 crore D) Rs. 84, 000 crore E) Rs. 85, 000 crore
Answer: Option E
Q.78) In Budget 2020-21, a provision of ______crore is proposed for development and welfare of Scheduled Tribes.? (1 M) A) Rs. 53, 600 crores B) Rs. 53, 700 crores C) Rs. 53, 800 crores D) Rs. 53, 900 crores E) Rs. 61, 000 crores
Answer: Option B
Q.79) In Budget 2020-21, a provision of ______crore is proposed for senior citizens and Divyang? (1 M) A) Rs. 9,400 crores B) Rs. 9,500 crores C) Rs. 9,600 crores D) Rs. 9,900 crores E) Rs. 10,000 crores
Answer: Option B
Union Budget 2020-21 – 100 MCQs Free e-book
Q.80) Budget 2020-21 proposed Reforms in GST (Goods and Services Tax). A simplified return shall be implemented from______?( 1 M) A) 1st March 2020 B) 1st April 2020 C) 1st March 2021 D) 1st April 2021 E) 31st April 2020
Answer: Option B
Q.81) Budget 2020-21 proposed reduction of tax on cooperative societies to ______per cent plus surcharge and cess, from 30 per cent at present ?(1 M) A) 20 % B) 21 % C) 22 % D) 23 % E) 25 %
Answer: Option C
Q.82) Basic customs duty has been reduced on imports of news print and light-weight coated paper from 10% to______? (1 M) A) 3% B) 4% C) 5% D) 6% E) 7%
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.83) Nominal GDP is an assessment of economic production in an economy that includes current prices in its calculation. In budget 2020-21,It has been estimated at ____for the year 2020-21? (1 M) A) 6% B) 7% C) 8% D) 9% E) 10%
Answer: Option E
Q.84) In Budget 2020-21, what is the estimates for the net market borrowing? (1 M) A) Rs.4.99 lakh crore B) Rs.5.19 lakh crore C) Rs.5.36 lakh crore D) Rs.4.36 lakh crore E) Rs.4.99 lakh crore
Answer: Option C
Q.85) In Budget 2020-21, Arrange the subsidies allocation in decreasing order (1 M) A) Food>Fertiliser>Petroleum B) Fertiliser>Food>Petroleum C) Food>Fertiliser>Petroleum D) Fertiliser>Pertoleum>Food E) None of the above
Answer: Option A
Union Budget 2020-21 – 100 MCQs Free e-book
Q.86) According to Budget 2202-21, India has moved on from a growth rate of just over 4% in 1950s to ____ in 1980s and1990s? (1 M) A) 5% B) 6% C) 7% D) 7.5% E) 8%
Answer: Option B
Q.87) According to Budget 2020-21, India’s foreign direct investment has got elevated to the level of US$ _____during 2014-19 from US$ 190 billion during the years 2009-14? (1 M) A) US$ 274 billion B) US$ 278 billion C) US$ 284 billion D) US$ 289 billion E) US$ 294 billion
Answer: Option C
Q.88) According to Budget 2020-21, what is estimated disinvestment target for FY2020-21? (1 M) A) Rs 1.1 Lakh Crore B) Rs 1.7 Lakh Crore C) Rs 1.9 Lakh Crore D) Rs 2.1 Lakh Crore E) Rs 2.5 Lakh Crore
Answer: Option D
Union Budget 2020-21 – 100 MCQs Free e-book
Q.89) According to Budget 2020-21, What is the highest source of Income to Union Government? (1 M) A) Borrowing and Other Liabilities B) Corporation Tax C) Income Tax D) GST and other Taxes E) Union Excise Duties
Answer: Option A
Q.90) According to Budget 2020-21, the highest expenditure of Union Government is spent towards which of these heads? (1 M) A) Interest Payments B) Central Sector Schemes C) Subsidies D) States share of taxes and duties E) Pensions
Answer: Option D
Q.91) While taxing income from capital gains, business profits and other sources in respect of transactions in real estate, if the consideration value is less than circle rate by more than 5 percent, the difference is counted as income both in the hands of the purchaser and seller. It has been extended from 5% to ____ in budget 2020-21? (1 M) A) 6% B) 7% C) 8% D) 9% E) 10%
Answer: Option E
Union Budget 2020-21 – 100 MCQs Free e-book
Q.92) Budget 2020-21 proposed setting up of a new tribal museum in which of the following places? (1 M) A) Ranchi,Jharkand B) Raipur, Chattisgarh C) Ganam,Odisha D) Koraput,Odisha E) None of the above
Answer: Option A
Q.93) To promote affordable housing, additional deduction up to ____ for interest paid on loans taken for an affordable house purchase has been extended for one year till 31st March 2021? (1 M) A) Rs. 50,000 B) Rs. 1,00,000 C) Rs. 1,50,000 D) Rs. 2,50,000 E) Rs. 3,00,000
Answer: Option C
Q.94) The government announced the introduction of which exam for Asian and African countries to help make India a higher education destination? (1 M) A) Ind-MAT B) Ind-CAT C) Ind-SAT D) Ind-XAT E) None of the above
Answer: Option C
Union Budget 2020-21 – 100 MCQs Free e-book
Q.95) As an Incentives to start-ups, Tax payment on ESOPs to be deferred for ___ years or till they leave the company or when they sell their shares, whichever is earliest (1 M) A) 2 years B) 3 years C) 4 years D) 5 years E) 6 years
Answer: Option D
Q.96) In Budget 2020-21, With an aim to boost listing of bonds at IFSC exchange, the government has proposed to reduce the withholding tax rate to ____from 5 % on interest payment on bonds listed on its bourse? (1 M) A) 1% B) 2% C) 3% D) 4% E) None of the above
Answer: Option D
Q.97) To attract investment in power sector, Budget Proposed to extend the concessional corporate tax rate of ______to new domestic companies engaged in the generation of electricity? (1 M) A) 10% B) 12% C) 13% D) 14% E) 15%
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option E
Q.98) According to Budget 2020-21, the removal of DDT will lead to estimated annual revenue forgone of______? (1 M) A) Rs.22, 000 Crore B) Rs.25, 000 Crore C) Rs.26, 000 Crore D) Rs.27, 000 Crore E) Rs.29, 000 Crore
Answer: Option B
Q.99) A scheme of ______will be anchored by EXIM Bank together with SIDBI for giving handholding support (for technology up gradations, R&D etc) to MSMEs? (1 M) A) Rs 500 crore B) Rs 800 crore C) Rs 1,000 crore D) Rs 1,100 crore E) Rs 1,200 crore
Answer: Option C
Q.100) Name the independent body which will set up for the recruitment to non-gazetted posts through the computer-based online process? A) National Recruiting Agency B) National Recruitment Agency C) Common Eligibility Test D) Common Recruitment Agency E) None of the above
Union Budget 2020-21 – 100 MCQs Free e-book
Answer: Option A
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