Whichofthefollowingarepillarsfor

transformingIndiamentionedintheUnion
budgetfor201617?
1)Doublefarmincome
2)Fiscaldiscipline
3)TaxReforms
4)UrbanGovernance
a.Only1,2and4
b.Only2,3and4
c.Only1,2and3
d.Alloftheabove
Answer Explanation RelatedQues

ANSWER:Only1,2and3
Explanation:
Theninepillarsare1.Agricultureand
FarmersWelfare:withfocusondoubling
farmersincomeinfiveyears
2.RuralSector:withemphasisonrural
employmentandinfrastructure
3.SocialSectorincludingHealthcare:tocover
allunderwelfareandhealthservices
4.Education,SkillsandJobCreation:tomake
Indiaaknowledgebasedandproductive
society
5.InfrastructureandInvestment:toenhance
efficiencyandqualityoflife
6.FinancialSectorReforms:tobring
transparencyandstability
7.GovernanceandEaseofDoingBusiness:to
enablethepeopletorealizetheirfullpotential
8.FiscalDiscipline:prudentmanagementof
Governmentfinancesanddeliveryofbenefitsto
theneedyand
9.TaxReforms:toreducecomplianceburden
withfaithinthecitizenry.

2)Whichofthefollowingarethedairying
projects?

1)PashudhanSanjivani
2)GauMaataSanjivani
3)EPashudhanHaat
a.1and2
b.1and3
c.2and3
d.Alloftheabove
Answer Explanation RelatedQues

ANSWER:1and3
Explanation:
Tomakedairyingmoreremunerativetothe
farmers,fournewprojectswillbetakenup.
First,thePashudhanSanjivani,ananimal
wellnessprogrammeandprovisionofAnimal
HealthCards(NakulSwasthyaPatra)
Second,anAdvancedbreedingtechnology
Third,CreationofEPashudhanHaat,ane
marketportalforconnectingbreedersand
farmers
Fourth,aNationalGenomicCentrefor
indigenousbreeds.

3)Whichofthefollowingis/aretrue?
1)CleanenergyCesshasbeenrenamedGreen
EnvironmentCess.
2)ItsrateisincreasedfromRs.200pertonneto
Rs.300pertonne.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Neither1nor2
Explanation:

CleanEnergyCessleviedoncoal,ligniteand
peatrenamedtoCleanEnvironmentCess.
ItsrateisincreasedfromRs.200pertonneto
Rs.400pertonne.

4)TheNiramayaHealthInsuranceSchemeisfor
a.PersonswithAutism,etc.
b.Women
c.SeniorCitizens
d.Oldwomeninruralareas
Answer Explanation RelatedQues

ANSWER:PersonswithAutism,etc.
Explanation:
ItisaHealthInsuranceSchemeforthe
welfareofPersonswithAutism,Cerebral
Palsy,MentalRetardationandMultiple
Disabilities.
TherewillbeexemptionofServicetaxon
generalinsuranceservicesprovidedunder
NiramayaHealthInsuranceScheme
launchedbyNationalTrustfortheWelfareof
PersonswithAutism,CerebralPalsy,Mental
RetardationandMultipleDisability.
Niramayaisconceivedwiththefollowing
objectives.
1.ToprovideaffordableHealthInsuranceto
personswithAutism,CerebralPalsy,Mental
Retardation&MultipleDisabilities.
2.Toencouragehealthservicesseeking
behaviouramongpersonswithdevelopmental
disability.
3.Toimprovethegeneralhealthcondition&
qualityoflifeofpersonswithdevelopmental
disability
ContributionPayableforEnrolment/renewal
(i)Rs.250/iffamilymonthlyincomeisupto
Rs.15000/pm.
OR
(ii)Rs.500/iffamilymonthlyincomeisabove

Rs.15000/pm.
(iii)OnlyRenewalisfreeforBPLcategory.

5)Whichofthefollowingis/aretrue?
1)EkBharat,ShresthaBharatschemedraws
inspirationfromthelifeofMahatmaGandhi.
2)ItwillbelaunchedtolinkStatesandDistricts
economically.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Neither1nor2
Explanation:
The"EkBharat,ShresthaBharat"scheme
drawsinspirationfromthelifeofIndia's
freedomfighterSardarVallabhbhaiPatel.
EkBharatShreshthaBharatprogrammewill
belaunchedtolinkStatesandDistrictsinan
annualprogrammethatconnectspeople
throughexchangesinareasoflanguage,
trade,culture,travelandtourism.
Accordingtothescheme,twostateswill
undertakeauniquepartnershipforoneyear
whichwouldbemarkedbyculturaland
studentexchanges.

6)DirectBenefitTransferisexpectedtobe
rolledoutonapilotbasisfor
a.Kerosene
b.Fertilizer
c.LPG
d.Ration(Food)
Answer Explanation RelatedQues

ANSWER:Fertilizer

Explanation:
WithsuccessofDBTforLPG,thereis
proposaltointroduceitonapilotbasisfor
fertilizers,withaviewtoimprovingthequality
ofservicedeliverytofarmers.
Thefertilizerstobeincludedamongothers
aredomesticurea,importedureaand
decontrolledphosphoricandpotassic
fertilizers.

7)Whichofthefollowingis/aretrue?
1)Plan/NonPlanclassificationtobedoneaway
withfrom201617i.e.thecurrentyear.
2)Everynewschemesanctionedwillhavea
sunsetdateandoutcomereview.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only2
Explanation:
Successivecommitteeshavequestionedthe
meritinhavingPlanandNonPlan
classificationofGovernmentexpenditure.
Abroadunderstandingovertheyearshas
beenthatPlanexpendituresaregoodand
NonPlanexpendituresarebad.
Thisresultsinskewedallocationsinthe
Budget.Thereisneedtogivegreaterfocusto
RevenueandCapitalclassificationof
Governmentexpenditure.
Therefore,decidedthatthePlanNonPlan
classificationwillbedoneawaywithfrom
fiscal201718.
ToimprovethequalityofGovernment
expenditure,everynewschemebeing

sanctionedbyGovernmentwillhaveasunset
dateandoutcomereview.

8)Whichofthefollowingis/aretrue?
1)Theroadtransportsectorinpassenger
segmentwillbestrictlymonitoredtoreduce
privateplayersandboostpublictransport.
2)ThenecessaryamendmentsintheMotor
VehiclesActwillleadtogreaterpublic
convenience,newinvestmentinthissector.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only2
Explanation:
Governmentwillenactnecessary
amendmentsintheMotorVehiclesActand
openuptheroadtransportsectorinthe
passengersegment.
Anenablingecosystemwillbeprovidedfor
theStateswhichwillhavethechoiceof
adoptingthenewlegalframework.
Entrepreneurswillbeabletooperatebuses
onvariousroutes,subjecttocertainefficiency
andsafetynorms.
Themajorbenefitsofthisgamechanging
initiativewillbeprovisionofmoreefficient
publictransportfacilities,greaterpublic
convenience,newinvestmentinthismoribund
sector,creationofnewjobsforouryouth,
growthofstartupentrepreneursandother
multipliereffects.Thesemeasureswilltakeus
fasterdowntheroadtodevelopment.

9)Whichschemehasbeenproposedfor
enablingPanchayatRajInstitutionstodeliveron
theSustainableDevelopmentGoals?
a.RashtriyaGramSwarajAbhiyan
b.GramRajyaAbhiyan
c.NationalPanchayatGovernanceprogramme
d.Noneoftheabove
Answer Explanation RelatedQues

ANSWER:RashtriyaGramSwarajAbhiyan
Explanation:
PanchayatRajInstitutionsneedtodevelop
governancecapabilitiestodeliveronthe
SustainableDevelopmentGoals.
Itis,therefore,proposedtolaunchanew
restructuredscheme,namely,RashtriyaGram
SwarajAbhiyan,
RashtriyaGramSwarajAbhiyanhasbeen
proposedtospeeduptheoverallrural
developmentalongwithotherbudget
allocationsforRuraldevelopment.

10)Whichofthefollowingareconsidered
challengestoIndianeconomyinthisfiscalyear?
1)RiskoffurtherglobalSlowdown
2)FiscalBurdendueto7thCentralpay
Commission
3)FiscalBurdenduetoOROP
a.1and2
b.1and3
c.2and3
d.Alloftheabove
Answer Explanation RelatedQues

ANSWER:Alloftheabove
Explanation:
Therisksoffurtherglobalslowdownand
turbulencearemounting.

Ithasthreeseriousimplicationsforus.First,
wemuststrengthenourfirewallsagainst
theserisksbyensuringmacroeconomic
stabilityandprudentfiscalmanagement
Second,sinceforeignmarketsareweak,we
mustrelyondomesticdemandandIndian
marketstoensurethatIndiasgrowthdoes
notslowdown.
Andthird,wemustcontinuewiththepaceof
economicreformsandpolicyinitiativesto
changethelivesofourpeopleforthebetter.
The14thFinanceCommissionhasreduced
theCentralshareoftaxesto58%fromthe
68%.Inthefinancialyear201516,we
managedtoimproveuponthebudgeted
expenditureduetorevenuebuoyancy,
notwithstandingthesteepreductioninthe
Centralshareoftaxes.
Thenextfinancialyear201617willcastan
additionalburdenonaccountofthe
recommendationsofthe7thCentralPay
Commissionandtheimplementationof
DefenceOROP.

11)Whichofthefollowingis/aretrueregarding
organicfarminginIndia?
1)TheParmparagatKrishiVikasYojanawill
focusonorganicfarmingofNorthEastregion.
2)OrganicValueChainDevelopmentinNorth
EastRegionwillfocusonexportoftheorganic
produce.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only2

Explanation:
Toincreasecropyieldsinrainfedareas,
whichaccountfornearly55%ofthecountrys
arableland,organicfarmingisbeing
promoted.
Towardsthisend,theGovernmenthas
launchedtwoimportantschemes.
First,theParmparagatKrishiVikasYojana
whichwillbring5lakhacresunderorganic
farmingoverathreeyearperiod.Thiswillbe
alloverIndia.
Second,theGovernmenthaslauncheda
valuechainbasedorganicfarmingscheme
calledOrganicValueChainDevelopmentin
NorthEastRegion.Theemphasisisonvalue
additionsothatorganicproducegrownin
thesepartsfinddomesticandexportmarkets.

12)Whichofthefollowingis/aretrueregarding
DeenDayalUpadhyayaAntyodayaYojana?
1)DeenDayalUpadhyayaAntyodayaYojanais
forurbanpooronlyandismanagedbyMinistry
ofHousingandUrbanPovertyAlleviation.
2)Itisforskilldevelopment.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only2
Explanation:
DeenDayalUpadhyayaAntyodayaYojanais
anoverarchingschemeforupliftofurbanand
ruralpoorthroughenhancementoflivelihood
opportunitiesthroughskilldevelopmentand
othermeans.

SGSYhasbeenrenamedtoNRLMwhichin
turnisrenamedasAajeevika.
Aajeevikahasasubcomponentforskill
DevelopmentwhichisrenamedasDeen
DayalUpadhyayaGrameenKaushalya
Yojana.
RuralDevelopmentMinistrywillhandlethe
schemeinruralareas.
Peopleof15yearsandaboveareeligiblefor
thisinruralareas.IntheearlierAajeevikaskill
Developmentsubcomponent,theeligibility
was18years.
Itaimstotrain10lakhpeopleby2017.
Sincethereisanurgentneedtofocuson
areasofdroughtandruraldistress,fromthis
yeareveryblockinthesedistressareaswill
betakenupasanintensiveBlockunderthe
DeenDayalAntyodayaMission.
Theurbanareaschemeismanagedby
MinistryofHousingandUrbanPoverty
Alleviation.

13)Whichofthefollowingis/aretrueregarding
DeenDayalUpadhyayaAntyodayaYojana?
1)DeenDayalUpadhyayaAntyodayaYojana
planstodevelopvendormarketsbesides
promotionofskillsofvendors.
2)DeenDayalUpadhyayaAntyodayaYojanaisa
flagshipprogrammeofthenewlycreatedSkill
Developmentministry.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only1
Explanation:
TheprogrammecomesundertheMinistryof

HousingandUrbanPovertyAlleviation(urban
partofthescheme)
TheurbancomponentofDeenDayal
UpadhyayaAntyodayaYojanawillfocuson
Impartingskillswithanexpenditureof
Rs.15,000Rs.18,000oneachurbanpoor
Promotionofselfemploymentthroughsetting
upindividualmicroenterprisesandgroup
enterpriseswithinterestsubsidyforindividual
projectscostingRs.2.00lakhsandRs.10.00
lakhsforgroupenterprises.Subsidized
interestratewillbe7%
Trainingurbanpoortomeetthehuge
demandfromurbancitizensbyimparting
marketorientedskillsthroughCityLivelihood
Centres.EachCentrewouldbegivena
capitalgrantofRs.10.00lakhs.
EnablingurbanpoorformSelfHelpGroups
formeetingfinancialandsocialneedswitha
supportofRs.10,000/pereachgroupwho
wouldinturnwouldbehelpedwithbank
linkages
Developmentofvendormarketsbesides
promotionofskillsofvendorsand
Constructionofpermanentsheltersforurban
homelessandprovisionofotheressential
services.

14)Whichofthefollowingareforensuring
equitablebenefitofMSP?
1)Encouragingcentralizationofprocurementto
keeptighttaboncorruptionandpilferage
2)OnlineProcurementthroughFCI
3)Effectivearrangementsforpulses
procurement
a.1and2
b.1and3

c.2and3
d.Alloftheabove
Answer Explanation RelatedQues

ANSWER:2and3
Explanation:
Threespecificinitiativeswillbetakenupin
201617toensurethatthebenefitofMSP
reachesfarmersinallpartsofthecountry
First,theremainingStateswillbeencouraged
totakeupdecentralizedprocurement.
Second,anonlineProcurementSystemwill
beundertakenthroughtheFoodCorporation
ofIndia.Thiswillusherintransparencyand
conveniencetothefarmersthroughprior
registrationandmonitoringofactual
procurement.
Third,effectivearrangementshavebeen
madeforpulsesprocurement.

15)Whichofthefollowingchargesaremeant
forwelfareoffarmers?
a.KrishiKalyanCess
b.KrushakKalyanCess
c.FarmerWelfareCess
d.AgricultureandFarmerCess
Answer Explanation RelatedQues

ANSWER:KrishiKalyanCess
Explanation:
TherewillbeaCess,calledtheKrishiKalyan
Cess,@0.5%onalltaxableservices.
Theproceedsofthiswouldbeexclusively
usedforfinancinginitiativesrelatingto
improvementofagricultureandwelfareof
farmers.
TheCesswillcomeintoforcewitheffectfrom
1stJune2016.

InputTaxcreditofthiscesswillbeavailable
forpaymentofthiscess.
TheeffectiverateoftheKrishiKalyanCess,
however,willbelowerthan0.5percentas
thegovernmentwillprovideinputtaxcreditfor
thecess,asagainstnoinputtaxcreditfor
SwachhBharatCess.

16)Whowillleadthecommitteeformonitoring
andimplementationofdesignatedCentralSector
andCentrallySponsoredSchemes?
a.DistrictCollector
b.SeniormostLokSabhaMPfromDistrict
c.SeniormostMLAfromtheDistrict
d.ZillaParishadHead.
Answer Explanation RelatedQues

ANSWER:SeniormostLokSabhaMPfrom
District
Explanation:
DistrictLevelCommitteesunder
ChairmanshipofseniormostLokSabhaMP
fromthedistrictformonitoringand
implementationofdesignatedCentralSector
andCentrallySponsoredSchemes.
PriorityallocationfromCentrallySponsored
Schemestobemadetorewardvillagesthat
havebecomefreefromopendefecation.

17)ThefollowingCessarementionedinthe
Budget201617.WhichofthefollowingCessare
newlyintroduced?
1)InfrastructureCess
2)CleanEnvironmentCess
3)KrishiKalyanCess
a.1,2,3
b.2,3

c.1,3
d.Alloftheabove
Answer Explanation RelatedQues

ANSWER:1,3
Explanation:
Governmentproposestolevyan
infrastructurecess,of1%onsmallpetrol,
LPG,CNGcars,2.5%ondieselcarsof
certaincapacityand4%onotherhigher
enginecapacityvehiclesandSUVs.
TheCesswillbeprimarilyusedforfunding
pollutionreductionandimprovethetraffic
situationintheIndiancities.
KrishiKalyanCess,@0.5%willbeleviedon
alltaxableservices,proceedswouldbe
exclusivelyusedforfinancinginitiativesfor
improvementofagricultureandwelfareof
farmers
CleanEnvironmentCessisnothingbutClean
EnergyCesswhichwastherealready.Itwas
justrenamedandnotnewlyintroduced.

18)KrishiKalyanSurchargewillbeleviedon
a.ServicesSector
b.UndisclosedIncome
c.FoodProcessingIndustries
d.Agriculturalmarkets
Answer Explanation RelatedQues

ANSWER:UndisclosedIncome
Explanation:
Domestictaxpayerscandeclareundisclosed
incomeorsuchincomerepresentedinthe
formofanyassetbypayingtaxat30%,and
surchargeat7.5%andpenaltyat7.5%,which
isatotalof45%oftheundisclosedincome.
Therewillbenoscrutinyorenquiryregarding
incomedeclaredinthesedeclarationsunder

theIncomeTaxActortheWealthTaxActand
thedeclarantswillhaveimmunityfrom
prosecution.ImmunityfromBenami
Transaction(Prohibition)Act,1988isalso
proposedsubjecttocertainconditions.
Surchargeleviedat7.5%ofundisclosed
incomewillbecalledKrishiKalyanSurcharge
tobeusedforagricultureandruraleconomy.
Thecompliancewindowisof4months.From
1stJune2016to30thSeptember2016.

19)WhoareineligibleaspertheIncome
declarationScheme(IDS)?
a.Thosealreadyunderscrutiny
b.Thosewithpendingcases
c.Thosewithpendingappeals
d.None.Allareeligible.
Answer Explanation RelatedQues

ANSWER:Thosealreadyunderscrutiny
Explanation:
Taxpayers,whosereturnswerepickedfor
randomscrutinybytheauthoritiesinrecent
years,wouldnotbeeligibletoturnconcealed
incomeintowhiteundertheIncome
DeclarationScheme(IDS),announcedinthe
UnionBudgettobringblackmoneyintothe
taxnet.
Theschemealsoshutsoutinnocent
taxpayerswhofiledreturnsontimebutwhose
caseswerechosenforscrutinytoverify
claims.
Thiscouldbeadampenerfortheschemeas
itwouldexcludepotentialdisclosuresfrom
peoplewhoreceivednoticesseekinga
regularexplanationonthereturnstheyhad
filed.
Undertheincomedeclarationscheme,people
whohavereceivednoticesunderSections

142(1),143(2),148,153Aor153Cofthe
IncomeTaxActarenoteligibletodisclose
previouslyconcealedincome.
Separately,aspertheexplanatory
memorandumtothebudget,itwontbeopen
tocaseswhereasearchorsurveyhasbeen
conductedandthetimeforissuanceofnotice
undertherelevantprovisionsoftheActhas
notexpired,orwhereinformationisreceived
underanagreementwithforeigncountries
regardingsuchincome,casescoveredunder
theBlackMoneyAct,2015,orpersons
notifiedunderSpecialCourtAct,1992,or
casescoveredunderIndianPenalCode,the
NarcoticDrugsandPsychotropicSubstances
Act,1985,theUnlawfulActivities(Prevention)
Act,1967,andthePreventionofCorruption
Act,1988.

20)Whichofthefollowingaretrueregarding
taxingtherich?
1)Additional10%taxondividendsinexcessof
Rs.10lakhperannum
2)Surchargeonpersonsdecreasedto12%from
15%
3)TDSat1%onpurchaseofluxurycars
exceedingvalueofRs.10lakhs.
a.1,2,3
b.2,3
c.1,3
d.Noneoftheabove
Answer Explanation RelatedQues

ANSWER:1,3
Explanation:
Additionaltaxattherateof10%ofgross
amountofdividendwillbepayablebythe
recipientsreceivingdividendinexcessofRs.
10lakhperannum.

Surchargetoberaisedfrom12%to15%on
persons,otherthancompanies,firmsand
cooperativesocietieshavingincomeabove
RS.1crore.
Taxtobedeductedatsourceattherateof1
%onpurchaseofluxurycarsexceedingvalue
ofRs.tenlakhandpurchaseofgoodsand
servicesincashexceedingRs.twolakh.
Thesefallunderadditionalresource
mobilizationforagriculture,ruraleconomy
andcleanenvironment

21)Whichofthefollowingis/aretrue?
1)NationalDialysisServicesProgrammeplansto
providedialysisservicesinallcommunityhealth
carecenters.
2)Thegovernmentwillfundtheentire
programmefromitsownmoney.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Neither1nor2
Explanation:
ThegovernmentproposestostartNational
DialysisServicesProgramme.
FundswillbemadeavailablethroughPPP
modeundertheNationalHealthMission,to
providedialysisservicesinalldistrict
hospitals.
Toreducethecost,governmentwillexempt
certainpartsofdialysisequipmentfrombasic
customsduty,excise/CVDandSAD.
Thegovernmenthadlastyearimposeda
heavierlevyonconsumablesusedindialysis,

spikingtheprocedureratesby17to20per
cent.
Butthetaxexemptionannouncedinthe
budgetappliesonlytodialysisequipmentand
notconsumables.

22)Whichofthefollowingis/aretrueregarding
theFDInormsannouncedinUnionBudget2016
17?
1)100%FDItobeallowedthroughautomatic
routeinmarketingoffoodproductsproduced
andmanufacturedinIndia.
2)Thegovernmentwillallow49%FDIin
Insuranceand26%FDIinPensionsector
throughautomaticroute.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Neither1nor2
Explanation:
Thegovernmentannouncedthepolicyof
100%FDIinmarketingoffoodproducts
producedandmanufacturedinIndia.
Thiswillprovideimpetustotheforeign
investmentinfoodprocessingsector,benefit
farmersimmenselyandwillcreatevast
employmentopportunities.Thiswillhelp
farmersgetremunerativepricesfortheir
produce,transferoftechnologyandmodern
agriculturalpracticesrequiredforproducing
agriculturalproduceonalargescaletomeet
therequirementsoforganizedmarketing.
TheentryofFDIinfoodmarketingwill
incentivizefarmerstoadoptcorrect
agriculturalpracticesandmakeinternationally

acceptableproducts.Itwillalsoaddressissue
ofcropwastage.
Foreigninvestmentwillbeallowedinthe
insuranceandpensionsectorsinthe
automaticrouteupto49%subjecttothe
extantguidelinesonIndianmanagementand
controltobeverifiedbytheRegulators.
IntheFY15Budget,thegovernmenthad
increasedthecompositecap(includingFDI
andforeigninstitutionalinvestment)inthe
insurancesector(andautomaticallyinthe
pensionsectoraswell)to49percentfrom
the26percentbutwithfullIndian
managementandcontrolandthroughthe
governmentapproval(throughForeign
InvestmentPromotionBoardorFIPB)route.
Investorshaddelayednewinvestmentsinthe
sectorscitingambiguityregardingtherider
specifyingthatmanagementandcontrol
shouldbeinIndianhands.

23)Whichofthefollowingis/aretrueregarding
theFDInormsannouncedinUnionBudget2016
17?
1)InvestmentlimitforforeignentitiesinIndian
stockexchangesfromfivepercentto15percent
onparwithdomesticinstitutions.
2)Theexisting24percentlimitforinvestmentby
foreignportfolioinvestors(FPI)inCPSEsother
thanbanks,listedinstockexchanges,willbe
increasedto49percent.
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Both1and2
Explanation:

TheFY17Budgethasalsoproposedtohike
theinvestmentlimitforforeignentitiesin
Indianstockexchangesfromfivepercentto
15percentonparwithdomesticinstitutions.
Thismoveisaimedatenhancingglobal
competitivenessofIndianstockexchanges
andacceleratingadoptionofbestinclass
technologyandglobalmarketpractices,the
governmentsaid.
Also,theexisting24percentlimitfor
investmentbyforeignportfolioinvestors(FPI)
inCPSEsotherthanbanks,listedinstock
exchanges,willbeincreasedto49percent.
Themoveistoobviatetheneedforprior
approvalofgovernmentforincreasingtheFPI
investment.

24)Whichofthefollowingis/aretrueregarding
thehealthsectorinitiativesinUnionBudget
201617?
1)Newhealthprotectionschemewillprovide
healthcoveruptoRs.Onelakhperfamily.
2)SeniorCitizenswillgetadditionaltopup
packageuptoRs.50,000
a.Only1
b.Only2
c.Both1and2
d.Neither1nor2
Answer Explanation RelatedQues

ANSWER:Only1
Explanation:
Severeillnessespushlakhsofhouseholds
belowthepovertylineeveryyear.
Newhealthprotectionschemewillprovide
healthcoveruptoRs.Onelakhperfamily.
Forseniorcitizensanadditionaltopup
packageuptoRs.30,000willbeprovided.

25)DepartmentofDivestmentisrenamedas
a.DepartmentofPublicInvestment
b.DepartmentofInvestmentandPublicAsset
Management
c.DepartmentofPublicAssetManagement
d.DepartmentofDisinvestment
Answer Explanation RelatedQues

ANSWER:DepartmentofInvestmentand
PublicAssetManagement
Explanation:
TheDepartmentofDisinvestmentisbeing
renamedastheDepartmentofInvestment
andPublicAssetManagement(DIPAM).
AnewpolicyformanagementofGovernment
investmentinPublicSectorEnterprises,
includingdisinvestmentandstrategicsale,
hasbeenapproved.
Governmentwillleveragetheassetsof
CPSEsforgenerationofresourcesfor
investmentinnewprojects.Governmentwill
encourageCPSEstodivestindividualassets
likeland,manufacturingunits,etc.torelease
theirassetvalueformakinginvestmentin
newprojects.
TheNITIAayogwillidentifytheCPSEsfor
strategicsale.