Union Budget 2021 (Budget 50 MCQs by Ankit Agrawal) – PDF

 

Q1. The total estimate of all relief measures announced by the government and the RBI so-far is?

1. More than Rs 15 lakh cr
2. More than Rs 20 lakh cr
3. More than Rs 25 lakh cr
4. More than Rs 30 lakh cr

Q2. The total estimate of all relief measures announced by the government and the RBI in percentage of GDP is?

1. 10%
2. 13%
3. 15%
4. 17%

Q3. A new scheme called PM Aatmanirbhar Swastha Bharat to be launched, an outlay of?

1. Rs 64,180 cr
2. Rs 62,180 cr
3. Rs 74,180 cr
4. Rs 62,180 cr

• over 6 years.

Q4. Government is launching the Urban Swachcha Bharat Mission with an outlay of Rs 1,41,678 cr. It will be spent in how many years?

1. 1 year
2. 3 years
3. 5 years
4. 10 years

• Jal Jeevan Mission with outlay of Rs 2.87 lakh crore

Q5. FM announces scrappage policy for older vehicles. Vehicles will undergo fitness tests after?

1. 10 years for PVs, 5 years for CVs
2. 15 years for PVs, 10 years for CVs
3. 20 years for PVs, 15 years for CVs
4. 25 years for PVs, 20 years for CVs.

Q6. How many mega-investment textile parks will be established over 3 years?

1. 5
2. 7
3. 10
4. 15

Q7. Budget proposals for 2021-12 rest on how many pillars?

1. 4
2. 6
3. 8
4. 10

Q8. Which among the following is not one of the 6 pillars?

1. Health and well-being,
2. Physical and financial capital and infrastructure
3. Minimum Govt and Maximum Governance
4. Education for all

• Inclusive development for aspirational India,
• Reinvigorating human capital,
• Innovation and R&D

Q9. FY22 capital expenditure is increased by what percentage against the FY21 BE?

30. 5%
31. 5%
32. 5%
33. 5%

• 54 lakh crore
• Over Rs2 lakh cr will be provided to states & autonomous bodies

Q10. What length of national highway work being planned in Tamil Nadu at an investment of Rs 1.3 lakh cr?

1. 1000 km
2. 2500 km
3. 3500 km
4. 5000 km

• 1500 km of national highway in Kerala
• 600kms of Mumbai – Kanyakumari corridor

Q11. How much roads have been constructed in Bharatmala so far?

1. Less than 5000 km
2. More than 5000 km
3. More than 10,000 km
4. More than 15,000 km

• More than 13000 km of roads awarded under Bharat Mala project
• 3800 km have been constructed in Bharatmala so far
• 8500 km to be awarded by March 2022

Q12. Road, Transport and Highways Ministry have been allocated what amount?

1. Rs 1.18 lakh crore
2. Rs 2.18 lakh crore
3. Rs 3.18 lakh crore
4. Rs 4.18 lakh crore

Q13. Broad gauge to be electrified by what time?

1. Dec 2022
2. Dec 2023
3. Dec 2024
4. Dec 2025

• FY22 allocation for railways at Rs 1,10,055 cr
• Eastern and western dedicated freight corridor by June 2022.

Q14. FM has allocated what amount under the scheme to assist Discoms?

1. Rs 0.5 lakh cr
2. Rs 1 lakh cr
3. Rs 2 lakh cr
4. Rs 3 lakh cr

Q15. FM has announced which energy mission to be launched in 2021-22?

1. Hydrogen energy mission
2. Nitrogen energy mission
3. Oxygen energy mission
4. Methane energy mission

• Ujjwala scheme will be extended to cover 1 cr more beneficiaries.

Q16. The Finance Minister announced the setting up of a development financial institution (DFI) for what?

1. Recapitalise banks
2. Fund infrastructure projects
3. Fund health sector
4. None of the above

• The DFI is proposed to be capitalized with Rs 20,000 crores.
• To have a lending portfolio of at least Rs 5 lakh crores within three years’ time

Q17. FDI limit in insurance has been increase to?

1. 24%
2. From 24% to 49%
3. From 49% to 74%
4. From 74% to 100%

Q18. FM Nirmala Sitharaman propose to setup an ARC. It is meant for?

1. Infrastructure projects
2. Bad loans management
3. Health sector
4. Education sector

• Rs 20,000 cr provided for PSB recap

Q19. FM announces incentives for incorporation of companies in a boost to starups. It is meant for which type of company?

1. 1-person companies
2. 2-person companies
3. 10-person companies
4. For all the companies

• Without restrictions, paid-up capital, or turnover norms.

Q20. How much amount was paid to farmers for wheat procurement in 2020-21?

1. Rs 25,000 cr
2. Rs 50,000 cr
3. Rs 75,000 cr
4. 1 lakh cr

Q21. what is the divestment target for FY22?

1. Rs 1 lakh crore
2. Rs 1.5 lakh crore
3. Rs 1.75 lakh crore
4. Rs 2.25 lakh crore

• The divestment plan includes Air India and two public sector banks.

Q22. Fiscal deficit pegged for Financial Year 2021-22 and for 2020-21?

5. 8% & 8.5%
6. 6% & 9%
7. 8% & 9.5%
8. 5% & 8%

• FY22 Gross Market Borrowing target at Rs 12 lk cr

Q23. The govt aims to reach fiscal deficit below 4.5% by?

1. FY24
2. FY25
3. FY26
4. FY27

Q25. The total outlay for agriculture and rural sector for the FY21-22 will be?

10. Rs 10.5 lakh crore
11. Rs 12.5 lakh crore
12. Rs 14.5 lakh crore
13. Rs 16.5 lakh crore

Q26. The need to file IT returns for which age of senior citizens has been abolished?

1. Above 60 years
2. Above 65 years
3. Above 70 years
4. Above 75 years

Q27. The Central Government has proposed to reduce the time allowed to re-open tax investigation to what year?

1. 5 years vs 10 years
2. 3 years vs 8 years
3. 3 years vs 6 years
4. 5 years vs 8 years

Q28. FM has announced to protect whom from double taxation?

1. Foreigners
2. NRIs
3. Indian citizens
4. All of the above

Q29. How many new Sainik schools will be set up in partnership with NGOs, private schools, and states?

1. 25
2. 50
3. 75
4. 100

Q30. Capital gains exemption for startup investment extended by how many more years?

1. 1 year
2. 3 year
3. 5 year
4. 7 year

• till March 2022

Q31. How much has been earmarked for a scheme for financial incentives for digital payments?

1. Rs 1,000 cr
2. Rs 1,500 cr
3. Rs 2,000 cr
4. Rs 2,500 cr

Q32. NIP Project pipeline expanded to how many projects?

1. 5000 projects
2. 6700 projects
3. 7400 projects
4. 9200 projects

Q33. Government has proposed how much farm cess of on petrol & diesel?

1. Rs 1/litre on petrol, Rs 2 on diesel
2. Rs 2.5/litre on petrol, Rs 4 on diesel
3. Rs 5/litre on petrol, Rs 10 on diesel
4. Rs 7.5/litre on petrol, Rs 12.5 on diesel

Q34. What has been the change in I-T slabs?

1. Tax exemption upto 2 lakh
2. Tax exemption upto 4 lakh
3. Tax exemption upto 6 lakh
4. No change in tax slab

Q35. How much of Agri infra cess has been imposed on alcoholic beverages?

1. 20%
2. 50%
3. 75%
4. 100%

Q36. Govt proposed deep ocean mission with outlay of?

1. Rs 2,000 cr over 2 years
2. Rs 4,000 cr over 5 years
3. Rs 2,000 cr over 5 years
4. Rs 4,000 cr over 2 years

Q37. Nirmala Sitharaman announced an allocation of Rs 300 crore to which state for celebrating the 60th anniversary of the liberation?

1. Daman & Diu
2. Puduchchery
3. Andaman & Nicobar
4. Goa

Q38. Central university to be set up in which among the following state/UT?

1. J&K
2. Leh
3. Punjab
4. Lakshadweep

Q39. Forthcoming Census could be India’s first digital Census. How much has been allocated to this?

1. Rs 2,460 crore
2. Rs 3,768 crore
3. Rs 4,268 crore
4. Rs 5,768 crore

Q40. FM announced Rs 1,000 crore for the tea workers of which state?

1. Kerala & Tamil Nadu
2. Assam & West Bengal
3. Kerala & Karnataka
4. Assam and Meghalaya

Q41. How many schools to be qualitatively strengthened under National Education Policy?

1. 5000
2. 10000
3. 15000
4. 20000

Q42. The total expenditure pegged for FY22?

30. Rs 30.83 lakh cr
31. Rs 32.83 lakh cr
32. Rs 34.83 lakh cr
33. Rs 36.83 lakh cr

Q43. The total capital expenditure pegged for FY22?

1. Rs 1.54 lakh cr
2. Rs 2.54 lakh cr
3. Rs 4.54 lakh cr
4. Rs 5.54 lakh cr

Q44. How many income tax return filed in 2020?

3. 48 cr
4. 48 cr
5. 48 cr
6. 48 cr

• Income tax return filers increased to 6.48 cr in 2020 from 3.31 cr in 2014.

Q45. How much is the Defence Budget for FY22?

2. 58 lakh cr
3. 58 lakh cr
4. 78 lakh cr
5. 78 lakh cr

• ₹4,78,195 crore from ₹4,71,378 crore.

Q46. How many farmers are registered on eNAM markets?

1. Less than 2 cr
2. More than 2 cr
3. More than 5 cr
4. More than 10 cr

• 68 crore farmers are registered and 1.14 lakh crore value produce traded on eNAM markets
  • 1000 more mandis to be integrated with eNAM

Q47. How much is the Revenue & Capital receipts of FY22?

17. 9 lakh cr & 16.9 lakh cr
18. 9 lakh cr & 17.9 lakh cr
19. Both are same
20. None of the above

Q48. How much is the Revenue & Capital expenditure of FY22?

5. 5 lakh cr & 29.3 lakh cr
6. 3 lakh cr & 5.5 lakh cr
7. Both are same
8. None of the above

Q49. Which among the following is the biggest source of revenue for the govt in FY22?

1. Corporation tax
2. GST
3. Income tax
4. Excise duty

Q50. Which among the following is the biggest expenditure for the govt in FY22?

1. Defence
2. Centrally sponsored scheme
3. Central sector scheme
4. Interest payments

Q) Which of the following statements regarding India’s debt to GDP is correct?

1. Debt to GDP is more than 70%
2. India’s external debt is more than internal debt.

1. 1 only
2. 2 only
3. Both 1 & 2
4. None of the above

 
 

 

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