Thursday, July 10, 2014

20 MCQs from Union Budget 2014-15 - For Banking Exam

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The new indian government (NDA Govt) has announced the new Union Budget 2014-15. The finance minister Mr. Arun Jeitley announced the union budget for the year 2014-15. So, here i have prepared some questions on union budget that are most important, can be asked in upcoming Government Job Exams or Banking exams. As you know, next SBI Clerk, IBPS RRB III is to be held, students who are going to appear in this exam can expect questions from this topic, Union Budget.

20 MCQs from Union Budget 2014-15 - For Banking Exam

Union Budget 2014-15
Here is some objective question answers (i am providing direct answers to you, to avoid confusion) that can be asked in the upcoming bank exams, here we go.

1. Total Amount of India's Union Budget (economic survey) 2014-15?

Mr. Arun Jeitley has announced Rs.16,65,297 Crores of Budget for india for the year 2014-15. (Which is enough Rs.1000 notes of circle of the earth).

2.  What is expected Fiscal deficit for the year 2015-16?

Finance minister Accepts fiscal deficit target of 4.1 percent of GDP for 2014/15.

3. How many Crores are allotted for the Women Safety?

Sum of ` 150 crores on a scheme to increase the safety of women in large cities and Outlay of ` 50 crores for pilot testing a scheme on “Safety for Women on Public Road Transport”.

4. Total Defence Budget of india for 2014-15?

Finance Minister has allotted Rs. 2,29,000 Crores for Defense Budget. A further sum of  Rs.1000 crore to meet requirement for “One Rank One Pension”. (Capital outlay for defence raised by 50 billion rupees over interim budget).

5. How many Crores allotted for Statue of Unity (National Project) ?

Rs. 200 crore provided to build the Statue of unity (National project).

6. What is growth percent is expected for next 3-4 years?

Aims for sustained growth of 7-8 percent in the next 3-4 years.

7. How much hike in income tax exemption limit in Budget 2014-15?

The Budget has also proposed to hike the income tax exemption limit from existing Rs 2 Lakhs to Rs 2.5 lakhs.

8. How much budget allotted for rail connectivity in North - East  region??

1000 crores provided for rail connectivity in NE region (A big clap for this).

9. List of things which is going to cheap after budget 2014-15?

CRT television> LED/LCD TVs especially below 19 inch> Footwear priced between Rs 500 to Rs 1,000 per pair> Soaps> E-book readers> Desktop, laptops and tablets> RO based water purifiers> LED Lights, fixtures and lamps> Pre forms of precious and semi-precious stones> Sports Gloves> Branded petrol> Matchbox> Life micro insurance policies> HIV/AIDS drugs and diagnostic kits> DDT insecticides.

10 . List of things which is going to be expensive after budget 2014-15??

Cigarettes> Aerated drinks with sugar> Pan masala> Gutka and chewing tobacco> Jarda scented tobacco> Radio Taxi> Imported electronic products> Portable X-ray machines> Half cut/broken diamonds.

11. How much allotted for New Startups company?

Rs. 10,000 Crores are allotted for New startup companies.

12. How many new smart cities and budget allocation ?

Earmarks Rs 7000 Crore to create 100 "smart cities".

13. How many New IIMs and IITs are introduced?

In this budget, five more new IIMs and Five More IITs are introduced with four more AIIMs.

14. How much allotted for rural housing scheme?

Proposes Rs 8000 crore for rural housing scheme.

15. FDI Limit in Defence??

Raises limit on foreign direct investment in defence sector from 26 percent to 49 percent.

16. FDI (Foreign Direct Investment) Limit in Insurance Sector?

Raises FDI limit in insurance sector from 26 percent to 49 percent.

17. Rs.2037 crores provided for Integrated Ganga Conservation Mission “NAMAMI GANGE”.

18. 100 crore provided for Ghat development and beautification at Kedarnath, Haridwar, Kanpur, Varanasi, Allahabad, Patna and Delhi.

19. Rs. 500 crore provided to support displaced Kashmiri migrants for rebuilding their lives.

20. Rs. 100 crore provided for National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD).

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