Q1) An amount of Rs. _______ crore has been provided for FY 2019-20 to create “World Class Institutions” in the field of education which is more than three times the revised estimates for the previous year?
A. Rs. 400 cr
B. Rs. 500 cr
C. Rs. 300 cr
D. Rs. 600 cr
Q2) To achieve the objectives of research and innovation, the Finance Minister also announced setting up of a which institution?
A. Research and Innovation University
B. National Research Foundation
C. Research and Development School
D. Innovation School of India
Q3) Which prograame will be launched that will focus on bringing foreign students to study in the Indian higher educational institutions?
A. Dream In India
B. Learning In India
C. Study With Us
D. Study In India
Q4) The Union Budget 2019-20 has proposed to extend the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs. _________crore?
A. Rs 300 cr
B. Rs 500 cr
C. Rs 400 cr
D. Rs 550 cr
Q5)Consider the following statements as proposed in budget w.r.t to ITR, choose the correct one.
A. PAN and Aadhaar will be interchangeable to file Income Tax Returns.
B. Aadhar and PAN card are made mandatory to file Income Tax Returns.
C. Along with PAN card one more identity proof is required to file Income Tax Returns.
Q6) The Budget also proposes to levy TDS of _______percent on cash withdrawal exceeding Rs. 1 crore in a year from a bank account?
A. 1 %
B. 1.6 %
C. 2 %
D. 2.5 %
Q7)The budget proposed that the business establishments with annual turnover more than Rs. _________ crore shall offer low cost digital modes of payment to their customers and no charges or Merchant Discount Rate (MDR) shall be imposed on customers as well as merchants?
A. Rs 10 cr
B. Rs 50 Cr
C. Rs 25 Cr
D. Rs 45 Cr
Q8) India’s Ease of Doing Business ranking under the category of ‘paying taxes’ in 2019 was __________?
A. 121
B. 117
C. 172
D. 168
Q9) Which of the following statements is/ are true w.r.t Pradhan Mantri Karam Yogi Maandhan Scheme”
A. To extend the pension benefit to about three crore retail traders whose annual turnover is less than Rs 2 crore.
B. To extend pension benefit to small shopkeepers whose annual turnover is less than Rs.1 crore.
C. To extend the pension benefit to about three crore retail traders and small shopkeepers whose annual turnover is lessthan Rs. 1.5 crore.
Q10)Consider the following statements w.r.t SFURTI:
A. It stands for Scheme of Fund for Upgradation and Regeneration of Traditional Industries.
B. Focus sectors under SFURTI will be Bamboo, Honey and Khadi clusters.
C. It envisions setting up of 100 new clusters during 2019-20 to enable 50,000 artisans to join the economic value chain.
D. All are true
E. A & C are true
F. A & B are true
G. B & C are true
Q11) What is the full form of PMMSY – the scheme launched for fishery sector.
A. Pradhan Mantri Matsya Sampada Yojana
B. Pradhan Mantri Matsya Sambandh Yojana
C. Pradhan Mantri Matsya Swarojgaar Yojana
D. Pradhan Mantri Matsya Samridhi Yojana
Q12) The General Budget 2019-20 proposes to make return filing compulsory for persons, who have deposited more than Rs. ______crore in a current account in a year?
A. Rs 2 crore
B. Rs 75 Lakh
C. Rs 1 crore
D. Rs 1.5 cr
Q13)In order to provide a further impetus to affordable housing, the Minister proposed to allow an additional deduction of up to Rs.__________ /- for interest paid on loans borrowed up to 31st March, 2020 for purchase of an affordable house valued up to Rs. 45 lakh?
A. Rs 1,25,000
B. Rs 2,00,000
C. Rs 1,75,000
D. Rs 1,50,000
Q14) Those having annual income upto Rs. ______lakh are not required to pay any income tax?
A. Rs 3 Lakh
B. Rs 4 lakh
C. Rs 5 Lakh
D. Rs 6 Lakh
Q15) The effective tax rates for the higher income group individuals having taxable income from Rs. 2 crore to Rs. 5 crore is proposed to be increased by around _____________percent?
A. 2 %
B. 3 %
C. 2.5 %
D. 1.5%
Q16)As mentioned in budget, it is estimated that India requires investments averaging Rs. ______lakh crore every year?
A. Rs. 10 lakh crore
B. Rs. 12 lakh crore
C. Rs. 15 lakh crore
D. Rs. 20 lakh crore
Q17) Phase II of FAME has an outlay of Rs_______ crore for a period of 3 years, and has commenced from 1st April, 2019?
A. Rs 10,000 crore
B. Rs 12,000 crore
C. Rs 20,000 crore
D. Rs 8,000 crore
Q18) Government has already moved GST council to lower the GST rate on electric vehicles from 12% to _______%?
A. 10 %
B. 9 %
C. 7 %
D. 5 %
Q19) Public Sector Banks are to be further provided Rs ___________ crore capital to boost credit for a strong impetus to the economy?
A. Rs 50,000 crore
B. Rs 70,000 crore
C. Rs 80,000 crore
D. Rs 65,000 crore
Q20) Global Foreign Direct Investment (FDI) flows slid by ______% in 2018?
A. 10 %
B. 11 %
C. 13 %
D. 9 %
Q21)Consider the following statements
A. National Space India Limited (NSIL) is commercial arm of Indian Space Research Organisation (ISRO).
B. The main objective of NSIL is to scale up industry participation in Indian space programmes.
C. NSIL will be responsible for manufacturing the and production of Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV)
D. All are true
E. B & C are true
F. A & C are true
Q22) To enable opening of branches by foreign reinsurers in the International Financial Services Centre, it is proposed to reduce Net Owned Fund requirement from Rs 5,000 crore to Rs _______ crore?
A. Rs 4,000 crore
B. Rs 3,000 crore
C. Rs 2,000 crore
D. Rs 1,000 crore
Q23) India’s Sovereign External debt to GDP is among the lowest globally at less than _______%?
A. 6 %
B. 5 %
C. 7 %
D. 5.5 %
Q24) Pradhan Mantri Shram Yogi Maandhan aims _____________at providing Rs 3,000 per month as pension on attaining the age of 60?
A. Rs 2,500
B. Rs 5,000
C. Rs 3,000
D. Rs 4,000
Q25) Sabka Vishwas Legacy Dispute Resolution Scheme is meant for?
A. Closure of litigations related to tax
B. Closure of litigations related to real estate
C. Closure of litigations related to e-bills
D. Closure of litigations related to Illegal Mining
Q26) The threshold exemption limit for a supplier of goods is proposed to be enhanced from Rs. 20 lakhs to an amount exceeding Rs. _____lakhs?
A. Rs. 25 lakhs
B. Rs. 30 lakhs
C. Rs. 40 lakhs
D. Rs. 50 lakhs
Q27) Tax payers having annual turnover of less than Rs. _____ Crore shall file quarterly return?
A. Rs 7 crore
B. Rs 6 crore
C. Rs 10 crore
D. Rs 5 Crore
Q28) The Budget has proposed to increase in custom duty on gold and other precious metals from 10% to ____?
A. 12.5%
B. 10.5
C. 11.5 %
D. 13 %
Q29) Overdraft of Rs. _______ to be allowed for every verified women SHG member having a Jan Dhan Bank Account?
A. Rs 4,000
B. Rs 5,000
C. Rs 10,00
D. Rs 7,000
Q30) One woman per SHG will be eligible for a loan up to Rs. ______ lakh under MUDRA Scheme?
A. Rs. 1 lakh
B. Rs. 2 lakh
C. Rs. 2.5 lakh
D. Rs. 1.5 lakh
Q31)The Budget propose to consider issuing Aadhaar Card for NRIs with Indian Passports on their arrival without waiting for ________days?
A. 45 days
B. 90 days
C. 180 days
D. 120 days
Q32) Consider the following statements:
A. Jal Jeevan Mission to achieve Har Ghar Jal (piped water supply) to all rural households by 2024
B. Aamir Khan is an ambassador of the Jal Shakti Abhiyan.
C. Gajendra Singh Shekhawat is the Union Minister for Jal Shakti ministry
D. All are true
E. A & C are true
F. B & C are true
Q33What per cent of Basic Custom Duty has been imposed on imported books?
A. 4 %
B. 2 %
C. 3 %
D. 5%
Q34) SEBI to consider raising the threshold for minimum public shareholding in the listed companies from 25% to _____%?
A. 30 %
B. 27 %
C. 35 %
D. 38 %
Q35) Under the Jal Marg Vikas Project which among the following will be constructed ?
A. Multimodal terminal at Varanasi
B. Multimodal terminal at Sahibganj
C. Construction of new navigation lock at Farakka
D. All of the above
Q36) How much amount of investment is needed in Railway Infrastructure during 2018-2030?
A. Rs. 50 lakh crore
B. Rs. 20 lakh crore
C. Rs. 15 lakh crore
D. Rs. 40 lakh crore
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