Union budget Flashcards
(41 cards)
Q. In which article of the Indian Constitution is the annual financial statement mentioned? A) Article 112 B) Article 118 C) Article 122 D) Article 144
Answer : A
Q. When was the country’s first budget presented by James Wilson, the Finance Minister of the British Government? A) 1870 B) 1875 C) 1860 D) 1890
Answer : C
Q. Which budget of her tenure has Finance Minister Nirmala Sitharaman presented in July 2024? A) First B) Seventh C) Eighth D) Ninth
Answer : B
Q. Who presented the first budget of independent India? A) Jawaharlal Nehru B) Rajendra Prasad C) B. R. Ambedkar D) R. K. Shanmukham Chetty
Answer : D
Q. In which year did Finance Minister Nirmala Sitharaman give the longest budget speech ever? Α) 2021 Β) 2022 C) 2020 D) 2019
Answer : C
Q. Which main castes have been focused on in Budget 2024? A) Annadaata B) Poor C) Women D) Youth E) All of the above
Answer : E
Q. How many priorities has the government mentioned in Budget 2024? A) 08 B) 10 C) 09 D) 12
Answer : C
Q. What are the main themes of Budget 2024? A) Employment B) Skill training C) MSME D) Middle class E) All of the above
Answer : E
Q. What percentage of expenditure has been made by the government on defence? A) 8% B) 4% C) 3% D) 2%
Answer : A
Q. How much budget has been provided by the government for the defence sector? A) Rs 454773 crore B) Rs 554773 crore C) Rs 654773 crore D) Rs 354773 crore
Answer : A
Q. How much budget has been provided by the government for the education sector? A) Rs 325638 crore B) Rs 725638 crore C) Rs 125638 crore D) Rs 225638 crore
Answer : C
Q. How much budget has been provisioned for farmers and agriculture sector in Budget 2024? A) Rs 1.52 lakh crore B) Rs 2.52 lakh crore C) Rs 3.52 lakh crore D) Rs 4.52 lakh crore
Answer : A
Q. What has been the growth rate of India in the financial year 2024? Α) 8.2% Β) 7.5% C) 2.8% D) 9.8%
Answer : A
Q. What is the fiscal deficit in FY 2024? A) 1.3% B) 5.6% C) 8.8% D) 9.5%
Answer : B
Q. How much budget provision has been made for women and girls? A) 9 lakh crore rupees B) 8 lakh crore rupees C) 7 lakh crore rupees D) 3 lakh crore rupees
Answer : D
Q. What percentage of income tax will be levied on income of Rs 3 to 7 lakh in the new tax regime? A) 5% B) 8% C) 4% D) 9%
Answer : A
Q. In the new tax regime, what percentage of income tax will be levied on income of Rs 7 to 10 lakh? A) 5% B) 8% C) 4% D) 10%
Answer : D
Q. Duty on phones and chargers has been reduced to what percentage? A) 15% B) 4% C) 8% D) 12%
Answer : A
Q. How many industrial parks have been approved under the National Industrial Corridor Development Program? A) 18 B) 25 C) 35 D) 12
Answer : D
Q. Which scheme will be launched for the development of Bihar, Jharkhand, Bengal, Odisha and Andhra? A) Purvodaya Scheme B) Success Scheme C) Sarvodaya Scheme D) Gyanodya Scheme
Answer : A
Q. How much package has been provided to Bihar in Budget 2024? A) 41000 crores B) 78000 crores C) 52000 crores D) 70000 crores
Answer : A
Q. How much package has been given to Andhra Pradesh in Budget 2024? A) 17000 crores B) 19000 crores C) 15000 crores D) 18000 crores
Answer : C
Q. In how many cities will ready-made “plug and play” industrial parks be built? A) 200 Β) 300 C) 400 D) 100
Answer : D
Q. In which state a new 2400 MW power plant will be set up in Pirpainti at a cost of Rs 21,400 crore? A) Jharkhand B) Rajasthan C) Karnataka D) Bihar
Answer : D
