Union Budget MCQs IMPORTANT) :):) 1. Union Budget of India is referred to as the Annual Financial Statement in which ariticle of the Constitution of India ? Ans: Art 112 2. Which Finance Minister presented the budget ten times, the most by any in Parliament ? Ans: Morarji Desai (8 budgets and 2 interims) 3. Indian Government provides ____________crore for rehabilitation of displaced Kashmiri migrants as announced in Union Budget 2014-15? Ans: 500 4. Crisis Management Center for women will be open at? Ans: Delhi 5. Name the Finance minister of India who has presented the Union Budget 2014 in Parliament on 10th July 2014 ? Ans: Arun Jaitley 6. Who has presented the First Union Budget of Independent India on 26th November 1947 ? Ans: R.K. Shanmukham Chetty 7. Amount allotted for the project of developing 100 Smart Cities? Ans: 7060 cr 8. Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to __________ ? Ans: 15,000 9. Housing loan interest rate deduction limit has been increased to? Ans: 2 lakhs 10. Finance Minister has put forth aim to achieve __________ per cent economic growth rate in next 3-4 years? Ans: 7-8% 11. On which day the Union Budget presented in Lok Sabha normally ? Ans: Last working day of the month February by the Finance Minister 12. Agriculture University announced in Budget will be set up at? Ans: Andhra Pradesh and Rajasthan 13. On 29th February 1964 and 1968, who became the only Finance minister to present the Unoin Budget on his birthday ? Ans: Morarji Desai 14. Who were the three Prime Ministers who presented the Budget in Parliament as they were holding the Finance Ministry portfolio? Ans: Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi 15. What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014-15? Ans: 3.6% of GDP 16. How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)? Ans: 500 cr 17. Investment limit under Section 80C has also been increased to ....... from existing 1 lakhs in Budget 2014? Ans: 1.5 lakhs 18. When does the Budget come to effect every financial year ? Ans: 1st April 19. How many new IIMs have been announced in Union Budget 2014? Ans: 5 (HP, Bihar, Rajasthan, Punjab and Odisha) 20. What does Vote on Account deals with ? Ans: Expenditure side of the Govt Budget
Posted on: Sat, 18 Oct 2014 08:13:27 +0000
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