Questions on Union Budget

How much amount has been allocated towards recapitalisation of Public Sector Banks?
a)

50,000 crore rupees b)

20,000 crore rupees c)

35,000 crore rupees d)

25,000 crore rupees

2. What will be the EPF contribution of the Government of India for all new employees for the
first three years of their employment?
a)

8% b)

8.33% c)

7.33% d)

6.5%

3. Union Government announced Krishi Kalyan Cess of 0.5% on all taxable services to fund
farm initiatives. The cess will be effective from
a)

1 April 2016 b)

1 May 2016 c)

1 June 2016 d)

1 July 2016

4. As per the Union Budget 2016-2017, how many hectares of land will be brought under
irrigation under the Pradhan Mantri Krishi Sichai Yojana?
a)

28.5 lakh hectares b)

32.5 lakh hectares c)

22.6 lakh hectares d)

11.2 lakh hectares

5. As per the Union Budget 2016-2017, what is the amount allocated for the Swachch Bharat
Abhiyan?
a)

10,000 crore rupees b)

9,000 crore rupees c)

11,000 crore rupees d)

6,000 crore rupees

6. The Union Budget 2016-2017 saw the highest ever amount allocated for the rural
employment scheme MNREGA. What is that amount?
a)

40,000 crore rupees b)

50,500 crore rupees c)

38,500 crore rupees d)

39,500 crore rupees

7. In the Union Budget 2016-2017, Arun Jaitley set a target of electrifying 100 per cent villages
by
a)

1 May 2018 b)

1 June 2018 c)

1 May 2017 d)

1 May 2019

8. As per the Union Budget 2016-17, how much amount was allocated towards Agriculture and
Farmers welfare?
a)

34,980 crore rupees b)

40,500 crore rupees c)

35,984 crore rupees d)

36,000 crore rupees

9. Name the proposed programme that will be started under National Health Mission through
public-private partnership mode to provide dialysis services to renal patients in all district
hospitals across the country.
a)

National Services Programme for Renal Patients b)

c)

National Dialysis Services Project d)

National Dialysis Programme

National Dialysis Services Programme

10. As per the Union Budget 2016-17, how much per cent of FDI will be allowed through FIPB
route in marketing of food products produced and manufactured in India?
a)

88% b)

99% c)

100% d)

49%

11. Name the proposed programme that aims at connecting people through exchanges in
areas of language, trade, culture, travel and tourism. launched to link States and Districts

economically
a)

Unity in Diversity b)

Ek Bharat Shreshtha Bharat c)

Unity in Diversity: One India d)

Shreshtha Bharat Ek Bharat

12. Union Government announced Krishi Kalyan Cess of 0.5% on all taxable services to fund
farm initiatives. The cess will be effective from
a)

1 April 2016 b)

1 May 2016 c)

1 June 2016 d)

1 July 2016

13. To lessen tax burden on individuals with income up to 5 lakh rupees, the ceiling of tax
rebate under section 87A has been raised from 2000 rupees to
a)

3000 rupees b)

7000 rupees c)

5000 rupees d)

6000 rupees

14. As per the Union Budget 2016-17, target of amount sanctioned under Pradhan Mantri
Mudra Yojana has been increased to
a) 1,80,000 crore rupees b) 1,90,000 crore rupees c) 1,70,000 crore rupees d) 2,00,000 crore rupees.
15. In the Union Budget 2016-17, excise duty on tobacco products except bidis has been
raised by
a)

12-13% b)

10-15% c)

15-17% d)

10-12%

16.. to be given option to remain open all seven days in a week across markets.
a) Malls b) Private Offices c) Banks d) Shops
17.. will be listed in the stock exchange.
a) Private Sector Banks b) Public Sector Banks c) General Insurance companies d) All
18. Objective to skill 1 crore youth in the next 3 years under the .
a) Startup, Standup b) PM Kaushal Vikas Yojna c) PM Rozgaar Bhatta Yojna d) Deen Dayal Upadhyaay
Grameen Kaushalaya Yojna
19. Senior citizens will get additional healthcare cover of Rs under the new scheme
a) 25,000 b) 45,000 c) 30,000 d) 12,000
20. 300 urban clusters to be set up under Mission
a) Shyama Prasad Mukherji Rurban b) Smart City c) AMRUT d) PM Awas Yojna
21. How many Rurban Clusters will be developed under the Shyama Prasad Mukherjee
Rurban Mission?
a)

300 b)

200 c)

400 d)

500

22. How many stores will be opened under Prime Ministers Jan Aushadhi Yojana during 201617?
a)

1000 b)

2000 c)

3000 d)

4000

Ans c.

23. Name the proposed structure scheme announced in the Union Budget 2016-17 to help
Panchayat Raj Institutions deliver Sustainable Development Goals.
a)

Rashtriya Gram Abhiyan b)

governance Scheme d)

Rashtriya Gram Swaraj Abhiyan c)

National Village Self-

Rashtriya Gram Swasashan Abhiyan

24. The Niramaya Health Insurance Scheme is for

a. Persons with Autism, etc. b. Women c. Senior Citizens d. Old women in rural areas
25. Direct Benefit Transfer is expected to be rolled out on a pilot basis for
a. Kerosene b. Fertilizer c. LPG d. Ration (Food)
26. Who will lead the committee for monitoring and implementation of designated Central Sector
and Centrally Sponsored Schemes?
a. District Collector b. Senior most Lok Sabha MP from District
c. Senior most MLA from the District d. Zilla Parishad Head.
27. Krishi Kalyan Surcharge will be levied on
a. Services Sector b. Undisclosed Income c. Food Processing Industries
d. Agricultural markets
28. Department of Divestment is renamed as
a. Department of Public Investment b. Department of Investment and Public Asset Management
c. Department of Public Asset Management d. Department of Dis-investment
29. As per the Union Budget 2016-17 E-Pashudhan Haat which is to be created will function as a
_______________?
a)E market portal for breeders and farmers b) E Dairy product portal
c) E portal for export of dairy products d) Portal for providing fodder

30. How many Model Career Centres to operational by the end of 2016-17 under National Career Service as
mentioned in Union Budget 2016-17?
a. 100 b. 200 c. 150 d.500
Ans a.
31. Under Ease of Doing Business, Automation facilities will be provided in 3 lakh fair price shops by
____________?
a. March 2017 b. April 2017 c.April 2018 d. March 2018
Ans. A
32. In the Union Budget 2016-17, the limit of deduction of rent paid under section 80GG was increased from
Rs. 24000 per annum to Rs. ____, to provide relief to those who live in rented house.
A. Rs. 50000 B.Rs. 30000 C. Rs. 60000 D. Rs. 40000
Ans c

33. The GoI increased the turnover limit under Presumptive taxation scheme under section 44AD of the
Income Tax Act to ______crores to bring big relief to a large number of assessees in the MSME category.
A. 1cr B. 2cr C. 3cr D. 4cr

Ans B.

34. As per the Union Budget 2016-17, exemption from service tax on construction of affordable houses up to
____ square metres under any scheme of the Central or State Government including PPP Schemes.
a.25 square metres b. 30 square metres c. 40 square metres d. 60 square metres
Ans d.
35. Finance Minister of India announce that Foreign exchange reserves touched highest ever level of about
____ billion US dollars
A. $ 300 billion B. $ 350 billion C.$ 250 billion D.$ 400 billion
Ans B.
36. As per the Union Budget 2016-17, how much amount has been allocated to celebrate the Birth Centenary
of Pandit Deen Dayal Upadhyay and the 350th Birth Anniversary of Guru Gobind Singh?
A . Rs. 50 crore B. Rs. 60 crore C. Rs. 100 crore D.Rs. 75 crore
Ans . C
37. What was the amount allocation under Prime Minister Fasal Bima Yojana as mentioned in the Union Budget
2016-17?
Rs. 5000 crore Rs. 4500 crore
Rs. 5500 crore
Rs. 4000 crore
Promote organic farming through 'Parmparagat Krishi Vikas Yojana' and 'Organic Value Chain
Development in North East Region'.
> Unified Agricultural Marketing ePlatform to provide a common e- market platform for wholesale markets
> Allocation under Pradhan Mantri Gram Sadak Yojana increased to Rs 19,000 crore. Will connect
remaining 65,000 eligible habitations by 2019.
> To reduce the burden of loan repayment on farmers, a provision of Rs 15,000 crore has b ..
Allocation for rural sector - Rs 87,765 crore.
ocial sector including health care
> Allocation for social sector including education and health care - Rs 1,51,581 crore.
> Rs 2,000 crore allocated for initial cost of providing LPG connections to BPL families.
> New health protection scheme will provide health cover up to Rs One lakh per family. For senior citizens
an additional top-up package up to Rs 30,000 will be provided.

>3,000 Stores under Prime Minister's Jan Aushadhi Yojana will be opened during 2016-17.
> 'National Dialysis Services Programme' to be started under National Health Mission through PPP mode
> "Stand Up India Scheme" to facilitate at least two projects per bank branch. This will benefit at least 2.5
lakh entrepreneurs.
> National Scheduled Caste and Scheduled Tribe Hub to be set up in partnership with industry
associations.
Skill development
> Allocation for skill development - Rs 1804 crore.
> 1500 Multi Skill Training Institutes to be set-up.
> National Board for Skill Development Certification to be setup in partnership with the industry and
academia
> Entrepreneurship Education and Training through Massive Open Online Courses