Union Budget 2017 Questions Set 3

Shubhra

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 3

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Annual Budget 2017-18 Quiz- Set 3

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  1. Question 1 of 15
    1. Question

    ”Mahila Shakti Kendra” will be set up in 14 lakh ICDS Anganwadi Centres. What amount of money has been allocated for this purpose?

    Correct

    Explanation: Mahila Shakti Kendra will be set up with an allocation of Rs 500 crores in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition

    Incorrect

    Explanation: Mahila Shakti Kendra will be set up with an allocation of Rs 500 crores in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition

    Unattempted

    Explanation: Mahila Shakti Kendra will be set up with an allocation of Rs 500 crores in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition

  2. Question 2 of 15
    2. Question

    What is the total budget allocation for transport sector (Rail + Road +Shipping) in 2017-18?

    Correct

    Explanation: For transportation sector as a whole, including rail, roads, shipping, provision of Rs 2,41,387 crores has been made in 2017-18.

    Incorrect

    Explanation: For transportation sector as a whole, including rail, roads, shipping, provision of Rs 2,41,387 crores has been made in 2017-18.

    Unattempted

    Explanation: For transportation sector as a whole, including rail, roads, shipping, provision of Rs 2,41,387 crores has been made in 2017-18.

  3. Question 3 of 15
    3. Question

    What is the budget allocation for Highways in 2017-18 Annual Budget? 

    Correct

    Explanation: In the road sector, Budget allocation for highways increased from Rs 57,976 crores in BE 2016-17 to Rs 64,900 crores in 2017-18

    Incorrect

    Explanation: In the road sector, Budget allocation for highways increased from Rs 57,976 crores in BE 2016-17 to Rs 64,900 crores in 2017-18

    Unattempted

    Explanation: In the road sector, Budget allocation for highways increased from Rs 57,976 crores in BE 2016-17 to Rs 64,900 crores in 2017-18

  4. Question 4 of 15
    4. Question

    Name the initiative that will be launched the the central government to provide tele-medicine , education and skills through digital technology.

    Correct

    Explanation: A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology

    Incorrect

    Explanation: A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology

    Unattempted

    Explanation: A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology

  5. Question 5 of 15
    5. Question

    What is the budget allocation for BharatNet project under which 1,55,000 kms of Optical Fibre Cable(OFC) has been laid?

    Correct

    Explanation: BharatNet is a project to provide high speed broadband connectivity to remote ends of the country. Under the BharatNet Project, OFC has been laid in 1,55,000 kms. I have stepped up the allocation for BharatNet Project to Rs 10,000 crores in 2017-18.

    Incorrect

    Unattempted

  6. Question 6 of 15
    6. Question

    How much fund has been allocated by the finance ministry for the “Promotion of Electronics and IT Hardware manufacturing(M-SIPS,EDF and Manufacturing clusters)”?

    Correct

    Explanation: For creating an eco-system to make India a global hub for electronics manufacturing a provision of Rs 745 crores in 2017-18 in incentive
    schemes like M-SIPS and EDF.

    Incorrect

    Explanation: For creating an eco-system to make India a global hub for electronics manufacturing a provision of Rs 745 crores in 2017-18 in incentive
    schemes like M-SIPS and EDF.

    Unattempted

    Explanation: For creating an eco-system to make India a global hub for electronics manufacturing a provision of Rs 745 crores in 2017-18 in incentive
    schemes like M-SIPS and EDF.

  7. Question 7 of 15
    7. Question

    What is the total budget allocation for infrastructure development in 2017-18?

    Correct

    Explanation: The total allocation for infrastructure development in 2017-18 stands at Rs 3,96,135 crores.

    Incorrect

    Explanation: The total allocation for infrastructure development in 2017-18 stands at Rs 3,96,135 crores.

    Unattempted

    Explanation: The total allocation for infrastructure development in 2017-18 stands at Rs 3,96,135 crores.

  8. Question 8 of 15
    8. Question

    To focus on export Infrastructure the government will launch a new TIES Scheme. What is the full form of TIES?  

    Correct

    Explanation: A new and restructured Central scheme, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to focus on export infrastructure in a competitive world.

    Incorrect

    Explanation: A new and restructured Central scheme, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to focus on export infrastructure in a competitive world.

    Unattempted

    Explanation: A new and restructured Central scheme, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to focus on export infrastructure in a competitive world.

  9. Question 9 of 15
    9. Question

    As per the announcement made in the annual budget 2017-18, which of the following board will be abolished in 2017-18? 

    Correct

    Explanation: Foreign Investment Promotion Board(FIPB) to be abolished in 2017-18 andfurther liberalisation of FDI policy is under consideration

    Incorrect

    Explanation: Foreign Investment Promotion Board(FIPB) to be abolished in 2017-18 andfurther liberalisation of FDI policy is under consideration

    Unattempted

    Explanation: Foreign Investment Promotion Board(FIPB) to be abolished in 2017-18 andfurther liberalisation of FDI policy is under consideration

  10. Question 10 of 15
    10. Question

    As per the announcement made in Annual Budget 2017-18, which of the following unit of Indian Railways will not be listed on stock exchange?

    Correct

    Explanation: It was announced that the shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges.
    IRCTC- Indian Railway Catering and Tourism Corporation
    IRFC- Indian Railway Finance Corporation
    IRCON- IRCON was registered as the Indian Railway Construction Company Limited, a wholly owned entity of the Ministry of Railways.
    IRPMU- Indian Railway Project Management Unit

    Incorrect

    Explanation: It was announced that the shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges.
    IRCTC- Indian Railway Catering and Tourism Corporation
    IRFC- Indian Railway Finance Corporation
    IRCON- IRCON was registered as the Indian Railway Construction Company Limited, a wholly owned entity of the Ministry of Railways.
    IRPMU- Indian Railway Project Management Unit

    Unattempted

    Explanation: It was announced that the shares of Railway PSEs like IRCTC, IRFC and IRCON will be listed in stock exchanges.
    IRCTC- Indian Railway Catering and Tourism Corporation
    IRFC- Indian Railway Finance Corporation
    IRCON- IRCON was registered as the Indian Railway Construction Company Limited, a wholly owned entity of the Ministry of Railways.
    IRPMU- Indian Railway Project Management Unit

  11. Question 11 of 15
    11. Question

    How much amount will be provided for recapitalisation of Banks in the year 2017-18?

    Correct

    Explanation: In line with the ‘Indradhanush’ roadmap, Rs 10,000 crores for recapitalisation of Banks provided in 2017-18

    Incorrect

    Explanation: In line with the ‘Indradhanush’ roadmap, Rs 10,000 crores for recapitalisation of Banks provided in 2017-18

    Unattempted

    Explanation: In line with the ‘Indradhanush’ roadmap, Rs 10,000 crores for recapitalisation of Banks provided in 2017-18

  12. Question 12 of 15
    12. Question

    What is the proposed lending target under Pradhan Mantri Mudra Yojana(PMMY) for 2017-18?

    Correct

    Explanation: The proposed lending target under Pradhan Mantri Mudra Yojana(PMMY) for 2017-18 has been set at Rs 2.44 lakh crores. Last year the target was of Rs 1.22 lakh crores

    Incorrect

    Explanation: The proposed lending target under Pradhan Mantri Mudra Yojana(PMMY) for 2017-18 has been set at Rs 2.44 lakh crores. Last year the target was of Rs 1.22 lakh crores

    Unattempted

    Explanation: The proposed lending target under Pradhan Mantri Mudra Yojana(PMMY) for 2017-18 has been set at Rs 2.44 lakh crores. Last year the target was of Rs 1.22 lakh crores

  13. Question 13 of 15
    13. Question

    A mission will be set up to achieve ___ number of digital transactions for 2017-18 through digital mediums like UPI, USSD, Aadhar Pay and debit cards.

    Correct

    Explanation: A Mission will be set up with a target of 2,500 crore digital transactions for2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards

    Incorrect

    Explanation: A Mission will be set up with a target of 2,500 crore digital transactions for2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards

    Unattempted

    Explanation: A Mission will be set up with a target of 2,500 crore digital transactions for2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards

  14. Question 14 of 15
    14. Question

    Central Government has proposed to create a new Payment Regulatory Board in Reserve Bank of India(RBI). This Payment Regulatory Board will replace which of the following body?

    Correct

    Explanation: Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems(BPSS)

    Incorrect

    Explanation: Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems(BPSS)

    Unattempted

    Explanation: Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems(BPSS)

  15. Question 15 of 15
    15. Question

    Which of the following institution will be used by the government for rendering Passport Services?

    Correct

    Explanation: Head Post Offices will be utilised as front offices for rendering passport services

    Incorrect

    Explanation: Head Post Offices will be utilised as front offices for rendering passport services

    Unattempted

    Explanation: Head Post Offices will be utilised as front offices for rendering passport services

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5 Thoughts to “Union Budget 2017 Questions Set 3”

  1. ravi
    February 20, 2017 at 7:11 pm

    ty:))

  2. Learnu banegi PNB PO :))
    February 26, 2017 at 5:02 pm

    Budget 2017-18 Set 3
    Results
    12 of 15 questions answered correctly

    You have reached 12 of 15 points, (80%)

  3. Learnu banegi PNB PO :))
    February 26, 2017 at 5:11 pm

    Board for Regulation and Supervision of Payment and Settlement Systems(BPSS)

  4. Learnu banegi PNB PO :))
    February 26, 2017 at 5:13 pm

    IRCTC- Indian Railway Catering and Tourism Corporation
    IRFC- Indian Railway Finance Corporation
    IRCON- IRCON was registered as the Indian Railway Construction Company Limited, a wholly owned entity of the Ministry of Railways.
    IRPMU- Indian Railway Project Management Unit

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