Union Budget 2017 Questions Set 1

The 2017 Union Budget was presented by Finance Minister Arun Jaitley on February 1, 2017.

From this year, the Budget announcement is preponed to February 1 from the last working day of February. Budget preponement will give sufficient time to departments to implement government schemes.

We have come up with important questions on Union Budget 2017.

Click here to read the Highlights of union Budget 2017

Budget 2017-18 Set 1

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Annual Budget 2017-18 Quiz- Set 1

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  1. Question 1 of 15
    1. Question

    The Agenda for Annual Budget 2017-18 is TEC India. What does TEC stands for?

    Correct

    Explanation: Agenda for 2017-18 is : “Transform, Energise and Clean India” – TEC India

    Incorrect

    Explanation: Agenda for 2017-18 is : “Transform, Energise and Clean India” – TEC India

    Unattempted

    Explanation: Agenda for 2017-18 is : “Transform, Energise and Clean India” – TEC India

  2. Question 2 of 15
    2. Question

    As per the annual budget 2017-18, the Indian government aims to double the income of farmers in ___ years.

    Correct

    Explanation: In 5 years.

    Incorrect

    Explanation: In 5 years.

    Unattempted

    Explanation: In 5 years.

  3. Question 3 of 15
    3. Question

    In the annual budget 2017-18 the target for agricultural credit in 2017-18 has been fixed at Rs. _______ .

    Correct

    Explanation : Target for agricultural credit in 2017-18 has been fixed at a record level of Rs. 10 lakh crores

    Incorrect

    Explanation : Target for agricultural credit in 2017-18 has been fixed at a record level of Rs. 10 lakh crores

    Unattempted

    Explanation : Target for agricultural credit in 2017-18 has been fixed at a record level of Rs. 10 lakh crores

  4. Question 4 of 15
    4. Question

    Government has allocated an amount of _____ to support NABARD for computerisation and integration of all 63,000 functional Primary Agricultural Credit Societies with the CBS of DCCB.

    Correct

    Explanation : To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks. This will be done in 3 years at an estimated cost of Rs 1,900 crores

    Incorrect

    Explanation : To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks. This will be done in 3 years at an estimated cost of Rs 1,900 crores

    Unattempted

    Explanation : To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks. This will be done in 3 years at an estimated cost of Rs 1,900 crores

  5. Question 5 of 15
    5. Question

    What amount has the government allocated to Fasal Bima Yojana for 2017-18?

    Correct

    Explanation: Coverage under Fasal Bima Yojana scheme will be increased from 30% ofcropped area in 2016-17 to 40% in 2017-18  for which abudget provision of Rs. 9000 crore has been made.

    Incorrect

    Explanation: Coverage under Fasal Bima Yojana scheme will be increased from 30% ofcropped area in 2016-17 to 40% in 2017-18  for which abudget provision of Rs. 9000 crore has been made.

    Unattempted

    Explanation: Coverage under Fasal Bima Yojana scheme will be increased from 30% ofcropped area in 2016-17 to 40% in 2017-18  for which abudget provision of Rs. 9000 crore has been made.

  6. Question 6 of 15
    6. Question

    The Long Term Irrigation(LTE) fund setup under NABARD will be increased from Rs. 20,000 Crore to _____ .

    Correct

    Explanation: The Long Term Irrigation Fund already set up in NABARD to be augmented by 100% to take the total corpus of this Fund to Rs. 40,000 crores.

    Incorrect

    Explanation: The Long Term Irrigation Fund already set up in NABARD to be augmented by 100% to take the total corpus of this Fund to Rs. 40,000 crores.

    Unattempted

    Explanation: The Long Term Irrigation Fund already set up in NABARD to be augmented by 100% to take the total corpus of this Fund to Rs. 40,000 crores.

  7. Question 7 of 15
    7. Question

    In the annual budget 2017-18 government has announced to set up a dedicated Micro Irrigation Fund in NABARD. What will be the initial corpus of this Fund?

    Correct

    Explanation: Dedicated Micro Irrigation Fund in NABARD to achieve ‘per drop more crop’ with an initial corpus of Rs 5,000 crores

    Incorrect

    Explanation: Dedicated Micro Irrigation Fund in NABARD to achieve ‘per drop more crop’ with an initial corpus of Rs 5,000 crores

    Unattempted

    Explanation: Dedicated Micro Irrigation Fund in NABARD to achieve ‘per drop more crop’ with an initial corpus of Rs 5,000 crores

  8. Question 8 of 15
    8. Question

    In the annual budget 2017-18 government has announced to set up a Dairy Processing and Infrastructure Development Fund under NABARD. What is the initial corpus of this Dairy fund?

    Correct

    Explanation: Dairy Processing and Infrastructure Development Fund to be set up in NABARD with a corpus of Rs 2000 crores and will be increased to Rs 8000 crores over 3 years.

    Incorrect

    Explanation: Dairy Processing and Infrastructure Development Fund to be set up in NABARD with a corpus of Rs 2000 crores and will be increased to Rs 8000 crores over 3 years.

    Unattempted

    Explanation: Dairy Processing and Infrastructure Development Fund to be set up in NABARD with a corpus of Rs 2000 crores and will be increased to Rs 8000 crores over 3 years.

  9. Question 9 of 15
    9. Question

    What is the ceiling amount that the government will provide to each e-NAM(National Agricultural Market) for establishment of cleaning, grading and packaging facilities?

    Correct

    Explanation: Coverage of National Agricultural Market (e-NAM) to be expanded from 250 markets to 585 APMCs. Assistance up to Rs 75 lakhs will be provided to every e-NA.M

    Incorrect

    Explanation: Coverage of National Agricultural Market (e-NAM) to be expanded from 250 markets to 585 APMCs. Assistance up to Rs 75 lakhs will be provided to every e-NA.M

    Unattempted

    Explanation: Coverage of National Agricultural Market (e-NAM) to be expanded from 250 markets to 585 APMCs. Assistance up to Rs 75 lakhs will be provided to every e-NA.M

  10. Question 10 of 15
    10. Question

    The government aims to bring one crore household out of poverty and to  make 50,000 Gram Panchayat poverty free by which year as per the annual budget 2017-18?

    Correct

    Explanation: Aim to bring one crore households out of poverty and to make 50,000 Gram Panchayats poverty free by 2019, the 150th birth anniversary of Gandhiji.

    Incorrect

    Explanation: Aim to bring one crore households out of poverty and to make 50,000 Gram Panchayats poverty free by 2019, the 150th birth anniversary of Gandhiji.

    Unattempted

    Explanation: Aim to bring one crore households out of poverty and to make 50,000 Gram Panchayats poverty free by 2019, the 150th birth anniversary of Gandhiji.

  11. Question 11 of 15
    11. Question

    What amount has government allocated to MGNREGA Scheme?

    Correct

    Explanation: The budget provision of Rs 38,500 crores under MGNREGA in 2016-17 has been increased to RS 48,000 crores in 2017-18.

    Incorrect

    Explanation: The budget provision of Rs 38,500 crores under MGNREGA in 2016-17 has been increased to RS 48,000 crores in 2017-18.

    Unattempted

    Explanation: The budget provision of Rs 38,500 crores under MGNREGA in 2016-17 has been increased to RS 48,000 crores in 2017-18.

  12. Question 12 of 15
    12. Question

    What is the total allocation for Pradhan Mantri Awas Yojana(Rural) for 2017-18?

    Correct

    Explanation: Pradhan Mantri Awas Yojana(Rural) -Rs 23,000 Crore

    Incorrect

    Explanation: Pradhan Mantri Awas Yojana(Rural) -Rs 23,000 Crore

    Unattempted

    Explanation: Pradhan Mantri Awas Yojana(Rural) -Rs 23,000 Crore

  13. Question 13 of 15
    13. Question

    What is the total allocation for Pradhan Mantri Awas Yojana(Rural+Urban) for 2017-18?

    Correct

    Explanation: Pradhan Mantri Awas Yojana(Rural)- Rs 23,000 Crore
    Pradhan Mantri Awas Yojana(Urban)- Rs 6,043 Crore
    Total = Rs 29,043 Crore

    Incorrect

    Explanation: Pradhan Mantri Awas Yojana(Rural)- Rs 23,000 Crore
    Pradhan Mantri Awas Yojana(Urban)- Rs 6,043 Crore
    Total = Rs 29,043 Crore

    Unattempted

    Explanation: Pradhan Mantri Awas Yojana(Rural)- Rs 23,000 Crore
    Pradhan Mantri Awas Yojana(Urban)- Rs 6,043 Crore
    Total = Rs 29,043 Crore

  14. Question 14 of 15
    14. Question

    The government aims to achieve 100% Village Electrification by the date _____ .

    Correct

    Explanation: 1 May 2018

    Incorrect

    Explanation: 1 May 2018

    Unattempted

    Explanation: 1 May 2018

  15. Question 15 of 15
    15. Question

    As per Pradhan Mantri Awas Yojana(Rural), government aims to build 1 crore houses by which year?

    Correct

    Explanation: Allocation for Pradhan Mantri Awaas Yojana – Gramin increased from Rs 15,000 crores in BE 2016-17 to Rs 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.

    Incorrect

    Explanation: Allocation for Pradhan Mantri Awaas Yojana – Gramin increased from Rs 15,000 crores in BE 2016-17 to Rs 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.

    Unattempted

    Explanation: Allocation for Pradhan Mantri Awaas Yojana – Gramin increased from Rs 15,000 crores in BE 2016-17 to Rs 23,000 crores in 2017-18 with a target to complete 1 crore houses by 2019 for the houseless and those living in kutcha houses.

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140 Thoughts to “Union Budget 2017 Questions Set 1”

  1. pawan

    In question 3 it should be 10 lakh crore

    1. Suraj

      corrected 🙂

  2. Purvi

    thanku team 🙂

  3. Chotu D(mind) !! {NONSENSE}

    You have reached 8 of 15 points, (53.33%)

  4. Learnu banegi PNB PO :))

    Results
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    You have reached 13 of 15 points, (86.67%)

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