(1) What is the fiscal deficit for 2012-13 (FY 2013) as announced in the Union Budget 2013-14? – 5.2% of the Gross Domestic Product (GDP), which is lower than the targeted fiscal deficit of 5.3% of GDP (2) What is the fiscal deficit for 2013-14 (FY 2014) as announced in the Union Budget 2013-14? – 4.8% of the GDP (3) What is the total outlay for planned expenditure, as announced in the Union Budget of 2013-14? – Rs. 16,65,297 crore (4) What is the total outlay for budget expenditure, as announced in the Union Budget of 2013-14? – Rs. 16,65,297 crore (5) What is the total outlay for non-planned expenditure, as announced in the Union Budget of 2013-14? – Rs 11,09,975 crore (for 2013-14) (6) Finance Minister P. Chidambaram didn’t announce any changes in the tax rates for 2013-14, which were much anticipated. He however, announced a tax credit for people earning between Rs. 2 lakh to Rs. 5 lakh. How much tax credit would be given to people in this income bracket? – Rs. 2000 (7) A 10% additional tax surcharge has been imposed on super-rich people of the country, by which their effective tax rate has gone up from the present 30.9% to 33.9%. What is the definition of these super-rich? – People earning an income over Rs. 1 crore per annum (8) What is the name of a special fund of Rs. 1,000 crore announced in the Union Budget 2013-14, which has been created to empower women and provide safety to them in wake of the Delhi gangrape incident? – “Nirbhaya Fund” (9) How much TDS (tax deduction at source) was imposed on sale of immovable property in the Union Budget 2013-14? – 1% (This is not applicable to agricultural land) (10) It was announced in the Union Budget 2013-14, that all public sector banks would have ATMs at all of their branches. What is the deadline for implementation of this announcement? – 31 March, 2014
Posted on: Sun, 22 Sep 2013 11:22:10 +0000
Trending Topics
Recently Viewed Topics
© 2015