Union Budget 2014-15 related Questions and Answers for SBI Clerk & other exams- Part 1 1) Union Budget of India is referred to as the Annual Financial Statement in which article of the Constitution of India? Ans. Article 112 2) On which day Union budget is presented in Lok Sabha normally? Ans. Last working day of February by the Finance Minister of India 3) When will the Budget come to effect every financial year? Ans. April 1 4) What does Vote on Account deals with? Ans. Expenditure side of the governments budget 5) Which Finance Minister presented the budget ten times, the most by any in Parliament? Ans. Morarji Desai 6) Name the Finance Minister of India who has presented the Union Budget 2014 in Parliament on 10 July 2014? Ans. Arun Jaitley 7) Who has presented the first Union budget of independent India on November 26, 1947? Ans. R. K. Shanmukham Chetty 8) On February 29 in 1964 and 1968 who became the only finance minister to present the Union budget on his birthday? Ans. Moraji Desai 9) 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 10) Until the year 2000, at which time Union Budget was presented in Lok Sabha? Ans. 5.00 PM Note: This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of the day. 11) From 2001 Union Budget was announced at 11 am. Who presented first budget at 11 am in 2001? Ans. Yashwant Sinha 12) In Union budget 2014 FDI cap in Defense and Insurance sector has been increased to ......... % from 26%? Ans. 49% 13) The tax exemption limit has been increased to ........ lakhs from existing 2 lakhs in Budget 2014? Ans. 2.5 lakhs 14) Income tax exemption limit for senior citizens has been raised to ...... inBudget 2014? Ans. 3 lakhs 15) Investment limit under Section 80C has also been increased to ....... from existing 1 lakhs in Budget 2014? Ans. 1.5 lakhs 16) Housing loan interest rate deduction limit has been increased to? Ans. 2 lakhs 17) Finance Minsiter has put forth aim to achieve ....... per cent economic growth rate in next 3-4 years? Ans. 7-8 % 18) Which scheme will be introduced at 9 airports in the country as announced in Budget 2014? Ans. E-visa 19) Govt proposed to set up how many smart cities in Union Budget 2014? Ans. 100 20) Total sanitation in India is expected by which year as announced inBudget 2014? Ans. 2019 21) Kisan Vikas Patra was reintroduced in Union Budget 2014. What is Kisan Vikas Patra? Ans. Kisan Vikas Patra is a saving scheme that was announced by the Government of India that doubles the money invested in eight years and seven months. The Directorate of Small Savings Government of India, sells these saving bonds through all Post Offices in the country so that the scheme can be accessed by citizens from all over the country. A KVP can be encashed after two and a half years from the date of issue at the value it has been bought and the interest accrued for the period. 22) Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to .........? Ans. Rs 15,000 23) Minimum pension increased to ...... per month in Budget 2014? Ans. Rs 1,000 24) How many new IIMs have been announced in Union Budget 2014? Ans. 5 Note: In HP, Punjab, Bihar, Odisha and Rajasthan 25) How many new IITs have been announced in Union Budget 2014? Ans. 5 Note: To come up in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala. 26) How many new AIIMs have been announced in Union Budget 2014? Ans. 4 Note: To come up in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh. 27) Govt proposed to launch which programme to ensure broad band connectivity at village level as announced in Union Budget 2014? Ans. Digital India’ 28) Name the TV channel announced for farmers in Union Budget 2014-15? Ans. KISAN TV 29) Name the TV channel announced for North East in Union Budget 2014-15? Ans. Arun Prabha TV 30) Name the project on the river Ganga for inland waterways between Allahabad and Haldia announced in Union Budget 2014-15? Ans. Jal Marg Vikas Note: Rs 4,200 crore set aside for the purpose. 31) EPFO to launch which Service for contributing members? Ans. Uniform Account Number 32) Name the new programme announced to give impetus to watershed development in the country with an initial outlay of Rs. 2142 crores? Ans. Neeranchal 33) Name the scheme announced in Budget to generate awareness and help in improving the efficiency of delivery of welfare services meant for women? Ans. Beti Bachao, Beti Padhao Yojana 34) Two National Institutes of Ageing announced to be set up in Union Budget will be at? Ans. AIIMS, New Delhi and Madras Medical College, Chennai. 35) How much fund has been allotted to support about 600 new and existing Community Radio Stations? Ans. Rs 100 crore 36) Swachh Bharat Abhiyan to cover every household with sanitation facility by the year? Ans. 2019 37) Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called? Ans. Namami Gange 38) Fund allocated for increasing safety of women in large cities? Ans. Rs 150 crore 39) Amount allotted for the project of developing 100 Smart Cities? Ans. Rs. 7,060 crore 40) Fund set aside for PSU banks capitalisation? Ans. Rs 11,200 crore 41) Govt provides ..... crore for rehabilitation of displaced Kashmiri migrants as announced in Union Budget 2014-15? Ans. Rs 500 42) How much fund has been provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation? Ans. 1000 crore 43) Agriculture University announced in Budget will be set up at? Ans. Andhra Pradesh & Rajasthan 44) Crisis Management Center for women will be open at? Ans. Delhi 45) What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014-15? Ans. 3.6% of GDP 46) How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)? Ans. Rs. 500 crore 47) What special feature has been proposed for currency notes in the Union Budget 2014-15? Ans. Currency notes will henceforth integrate Braille-features to benefit the visually-disabled people. 48) The National Industrial Corridor (NIC) that was proposed to be established in the Union Budget of 2014-15 will be at? Ans. Pune 49) Plan expenditure pegged at ..... lakh crore? Ans. Rs 5.75 50) Non-plan expenditure pegged at ...... crore? Ans. Rs 12.19 lakh
Posted on: Fri, 25 Jul 2014 09:58:32 +0000
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