Q1. The total estimate of all relief measures announced by the government and the RBI so-far is?
- More than Rs 15 lakh cr
- More than Rs 20 lakh cr
- More than Rs 25 lakh cr
- 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?
- 10%
- 13%
- 15%
- 17%
Q3. A new scheme called PM Aatmanirbhar Swastha Bharat to be launched, an outlay of?
- Rs 64,180 cr
- Rs 62,180 cr
- Rs 74,180 cr
- 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 year
- 3 years
- 5 years
- 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?
- 10 years for PVs, 5 years for CVs
- 15 years for PVs, 10 years for CVs
- 20 years for PVs, 15 years for CVs
- 25 years for PVs, 20 years for CVs.
Q6. How many mega-investment textile parks will be established over 3 years?
- 5
- 7
- 10
- 15
Q7. Budget proposals for 2021-12 rest on how many pillars?
- 4
- 6
- 8
- 10
Q8. Which among the following is not one of the 6 pillars?
- Health and well-being,
- Physical and financial capital and infrastructure
- Minimum Govt and Maximum Governance
- 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?
- 5%
- 5%
- 5%
- 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?
- 1000 km
- 2500 km
- 3500 km
- 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?
- Less than 5000 km
- More than 5000 km
- More than 10,000 km
- 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?
- Rs 1.18 lakh crore
- Rs 2.18 lakh crore
- Rs 3.18 lakh crore
- Rs 4.18 lakh crore
Q13. Broad gauge to be electrified by what time?
- Dec 2022
- Dec 2023
- Dec 2024
- 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?
- Rs 0.5 lakh cr
- Rs 1 lakh cr
- Rs 2 lakh cr
- Rs 3 lakh cr
Q15. FM has announced which energy mission to be launched in 2021-22?
- Hydrogen energy mission
- Nitrogen energy mission
- Oxygen energy mission
- 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?
- Recapitalise banks
- Fund infrastructure projects
- Fund health sector
- 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?
- 24%
- From 24% to 49%
- From 49% to 74%
- From 74% to 100%
Q18. FM Nirmala Sitharaman propose to setup an ARC. It is meant for?
- Infrastructure projects
- Bad loans management
- Health sector
- 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-person companies
- 2-person companies
- 10-person companies
- 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?
- Rs 25,000 cr
- Rs 50,000 cr
- Rs 75,000 cr
- 1 lakh cr
Q21. what is the divestment target for FY22?
- Rs 1 lakh crore
- Rs 1.5 lakh crore
- Rs 1.75 lakh crore
- 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?
- 8% & 8.5%
- 6% & 9%
- 8% & 9.5%
- 5% & 8%
- FY22 Gross Market Borrowing target at Rs 12 lk cr
Q23. The govt aims to reach fiscal deficit below 4.5% by?
- FY24
- FY25
- FY26
- FY27
Q25. The total outlay for agriculture and rural sector for the FY21-22 will be?
- Rs 10.5 lakh crore
- Rs 12.5 lakh crore
- Rs 14.5 lakh crore
- Rs 16.5 lakh crore
Q26. The need to file IT returns for which age of senior citizens has been abolished?
- Above 60 years
- Above 65 years
- Above 70 years
- Above 75 years
Q27. The Central Government has proposed to reduce the time allowed to re-open tax investigation to what year?
- 5 years vs 10 years
- 3 years vs 8 years
- 3 years vs 6 years
- 5 years vs 8 years
Q28. FM has announced to protect whom from double taxation?
- Foreigners
- NRIs
- Indian citizens
- All of the above
Q29. How many new Sainik schools will be set up in partnership with NGOs, private schools, and states?
- 25
- 50
- 75
- 100
Q30. Capital gains exemption for startup investment extended by how many more years?
- 1 year
- 3 year
- 5 year
- 7 year
- till March 2022
Q31. How much has been earmarked for a scheme for financial incentives for digital payments?
- Rs 1,000 cr
- Rs 1,500 cr
- Rs 2,000 cr
- Rs 2,500 cr
Q32. NIP Project pipeline expanded to how many projects?
- 5000 projects
- 6700 projects
- 7400 projects
- 9200 projects
Q33. Government has proposed how much farm cess of on petrol & diesel?
- Rs 1/litre on petrol, Rs 2 on diesel
- Rs 2.5/litre on petrol, Rs 4 on diesel
- Rs 5/litre on petrol, Rs 10 on diesel
- Rs 7.5/litre on petrol, Rs 12.5 on diesel
Q34. What has been the change in I-T slabs?
- Tax exemption upto 2 lakh
- Tax exemption upto 4 lakh
- Tax exemption upto 6 lakh
- No change in tax slab
Q35. How much of Agri infra cess has been imposed on alcoholic beverages?
- 20%
- 50%
- 75%
- 100%
Q36. Govt proposed deep ocean mission with outlay of?
- Rs 2,000 cr over 2 years
- Rs 4,000 cr over 5 years
- Rs 2,000 cr over 5 years
- 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?
- Daman & Diu
- Puduchchery
- Andaman & Nicobar
- Goa
Q38. Central university to be set up in which among the following state/UT?
- J&K
- Leh
- Punjab
- Lakshadweep
Q39. Forthcoming Census could be India’s first digital Census. How much has been allocated to this?
- Rs 2,460 crore
- Rs 3,768 crore
- Rs 4,268 crore
- Rs 5,768 crore
Q40. FM announced Rs 1,000 crore for the tea workers of which state?
- Kerala & Tamil Nadu
- Assam & West Bengal
- Kerala & Karnataka
- Assam and Meghalaya
Q41. How many schools to be qualitatively strengthened under National Education Policy?
- 5000
- 10000
- 15000
- 20000
Q42. The total expenditure pegged for FY22?
- Rs 30.83 lakh cr
- Rs 32.83 lakh cr
- Rs 34.83 lakh cr
- Rs 36.83 lakh cr
Q43. The total capital expenditure pegged for FY22?
- Rs 1.54 lakh cr
- Rs 2.54 lakh cr
- Rs 4.54 lakh cr
- Rs 5.54 lakh cr
Q44. How many income tax return filed in 2020?
- 48 cr
- 48 cr
- 48 cr
- 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?
- 58 lakh cr
- 58 lakh cr
- 78 lakh cr
- 78 lakh cr
- ₹4,78,195 crore from ₹4,71,378 crore.
Q46. How many farmers are registered on eNAM markets?
- Less than 2 cr
- More than 2 cr
- More than 5 cr
- 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?
- 9 lakh cr & 16.9 lakh cr
- 9 lakh cr & 17.9 lakh cr
- Both are same
- None of the above
Q48. How much is the Revenue & Capital expenditure of FY22?
- 5 lakh cr & 29.3 lakh cr
- 3 lakh cr & 5.5 lakh cr
- Both are same
- None of the above
Q49. Which among the following is the biggest source of revenue for the govt in FY22?
- Corporation tax
- GST
- Income tax
- Excise duty
Q50. Which among the following is the biggest expenditure for the govt in FY22?
- Defence
- Centrally sponsored scheme
- Central sector scheme
- Interest payments
Q) Which of the following statements regarding India’s debt to GDP is correct?
- Debt to GDP is more than 70%
- India’s external debt is more than internal debt.
- 1 only
- 2 only
- Both 1 & 2
- None of the above
Union Budget MCQs | Free PDF