Union Budget 2017 Questions Set 6

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 6

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Annual Budget 2017-18 Quiz- Set 6

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  1. Question 1 of 15
    1. Question

    What is the Income tax rate for individuals in income slab of Rs 2.5 lakh to Rs 5 lakh ?

    Correct

    Explanation: Existing rate of taxation for individual assesses between income of Rs2.5 lakhs to Rs 5 lakhs reduced to 5% from the present rate of 10%

    Incorrect

    Explanation: Existing rate of taxation for individual assesses between income of Rs2.5 lakhs to Rs 5 lakhs reduced to 5% from the present rate of 10%

    Unattempted

    Explanation: Existing rate of taxation for individual assesses between income of Rs2.5 lakhs to Rs 5 lakhs reduced to 5% from the present rate of 10%

  2. Question 2 of 15
    2. Question

    A single page Income tax return form will be available for individuals with taxable income upto Rs ____ .

    Correct

    Explanation: Simple one-page form to be filed as Income Tax Return for the category of individuals having taxable income upto Rs. 5 lakhs other than business income will be available.

    Incorrect

    Explanation: Simple one-page form to be filed as Income Tax Return for the category of individuals having taxable income upto Rs. 5 lakhs other than business income will be available.

    Unattempted

    Explanation: Simple one-page form to be filed as Income Tax Return for the category of individuals having taxable income upto Rs. 5 lakhs other than business income will be available.

  3. Question 3 of 15
    3. Question

    What is the budgetary allocation to India Post Payment Bank(IPPB) for 2017-18?

    Correct

    Explanation: Rs 500 Crore

    Incorrect

    Explanation: Rs 500 Crore

    Unattempted

    Explanation: Rs 500 Crore

  4. Question 4 of 15
    4. Question

    Which of the following is not true about Union Budget 2017-18?

    Correct

    Explanation: The three major reforms in Union Budget 2017-18 is :
    1) Date of Presentation – Advanced to 1 February from the last day of February.
    2) Railway Budget merged with General Budget
    3) Removal of planned and non-planned classification of budget

    Incorrect

    Explanation: The three major reforms in Union Budget 2017-18 is :
    1) Date of Presentation – Advanced to 1 February from the last day of February.
    2) Railway Budget merged with General Budget
    3) Removal of planned and non-planned classification of budget

    Unattempted

    Explanation: The three major reforms in Union Budget 2017-18 is :
    1) Date of Presentation – Advanced to 1 February from the last day of February.
    2) Railway Budget merged with General Budget
    3) Removal of planned and non-planned classification of budget

  5. Question 5 of 15
    5. Question

    What is the target year set by government to eliminate Tuberculosis?

    Correct

    Explanation: Government has prepared an action plan to eliminate Tuberculosis by 2025.

    Incorrect

    Unattempted

  6. Question 6 of 15
    6. Question

    Which of the following if not true as per Union Budget 2017-18 announcement?

    (i) For children below the age 10, Aadhar based Smart Cards containing health details will be issued.
    (ii) Additional 5000 Post Graduate seats per annum in Medical Colleges will be created.
    (iii) Out of the total expenditure of Indian Railways in 2017-18, Government will provide Rs 45,000 Crore. 

    Correct

    Explanation: 
    (i) For senior Citizens, Aadhar based Smart Cards containing health details will be issued.
    (ii) Is correct
    (iii) Out of the total expenditure of Indian Railways in 2017-18, Government will provide Rs 55,000 Crore.

    Incorrect

    Explanation: 
    (i) For senior Citizens, Aadhar based Smart Cards containing health details will be issued.
    (ii) Is correct
    (iii) Out of the total expenditure of Indian Railways in 2017-18, Government will provide Rs 55,000 Crore.

    Unattempted

    Explanation: 
    (i) For senior Citizens, Aadhar based Smart Cards containing health details will be issued.
    (ii) Is correct
    (iii) Out of the total expenditure of Indian Railways in 2017-18, Government will provide Rs 55,000 Crore.

  7. Question 7 of 15
    7. Question

    Government has decided to provide mason training to 5 lakh person by the end of year _____ .

    Correct

    Explanation: For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022.

    Incorrect

    Explanation: For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022.

    Unattempted

    Explanation: For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022.

  8. Question 8 of 15
    8. Question

    With an aim to provide advance training and courses in foreign languages, Government of India will open how many INDIAN INTERNATIONAL SKILLS CENTRES across the country?

    Correct

    Explanation: 100 India International Skills Centres will be established across the country.

    Incorrect

    Explanation: 100 India International Skills Centres will be established across the country.

    Unattempted

    Explanation: 100 India International Skills Centres will be established across the country.

  9. Question 9 of 15
    9. Question

    What is the budgetary allocation for welfare of Scheduled castes in 2017-18?

    Correct

    Explanation: The allocation for the welfare of Scheduled Castes has been stepped up from Rs 38,833 crores in BE 2016-17 to Rs 52,393 crores in 2017-18, representing an increase of about 35%.

    Incorrect

    Explanation: The allocation for the welfare of Scheduled Castes has been stepped up from Rs 38,833 crores in BE 2016-17 to Rs 52,393 crores in 2017-18, representing an increase of about 35%.

    Unattempted

    Explanation: The allocation for the welfare of Scheduled Castes has been stepped up from Rs 38,833 crores in BE 2016-17 to Rs 52,393 crores in 2017-18, representing an increase of about 35%.

  10. Question 10 of 15
    10. Question

    What is the budgetary allocation for welfare of Scheduled Tribes in 2017-18?

    Correct

    Explanation: Rs 31,920 crores

    Incorrect

    Explanation: Rs 31,920 crores

    Unattempted

    Explanation: Rs 31,920 crores

  11. Question 11 of 15
    11. Question

    What is the budgetary allocation for Minority Affairs in 2017-18?

    Correct

    Explanation: Rs 4,195 Crores

    Incorrect

    Explanation: Rs 4,195 Crores

    Unattempted

    Explanation: Rs 4,195 Crores

  12. Question 12 of 15
    12. Question

    The time period for revising tax return has been reduced to ___ months from the completion of financial year.

    Correct

    Explanation: Time period for revising a tax return is being reduced to 12 months from completion of financial year, at par with the time period for filing of return. Also the time for completion of scrutiny assessments is being compressed further from 21 months to 18 months for Assessment Year 2018-19 and further to 12 months for Assessment Year 2019-20 and thereafter

    Incorrect

    Explanation: Time period for revising a tax return is being reduced to 12 months from completion of financial year, at par with the time period for filing of return. Also the time for completion of scrutiny assessments is being compressed further from 21 months to 18 months for Assessment Year 2018-19 and further to 12 months for Assessment Year 2019-20 and thereafter

    Unattempted

    Explanation: Time period for revising a tax return is being reduced to 12 months from completion of financial year, at par with the time period for filing of return. Also the time for completion of scrutiny assessments is being compressed further from 21 months to 18 months for Assessment Year 2018-19 and further to 12 months for Assessment Year 2019-20 and thereafter

  13. Question 13 of 15
    13. Question

    How many government schemes have been brought under the DBT scheme till December 2016, as per the announcement made in Annual Budget 2017-18?

    Correct

    Explanation: 84 Government schemes have been boarded on the DBT platform.

    Incorrect

    Explanation: 84 Government schemes have been boarded on the DBT platform.

    Unattempted

    Explanation: 84 Government schemes have been boarded on the DBT platform.

  14. Question 14 of 15
    14. Question

    The total resources being transferred to the states and union territory in 2017-18 stands at ____ . 

    Correct

    Explanation: The total resources being transferred to the States and the Union Territories with Legislatures is Rs 4.11 lakh crores, against Rs 3.60 lakh crores in BE 2016-17.

    Incorrect

    Explanation: The total resources being transferred to the States and the Union Territories with Legislatures is Rs 4.11 lakh crores, against Rs 3.60 lakh crores in BE 2016-17.

    Unattempted

    Explanation: The total resources being transferred to the States and the Union Territories with Legislatures is Rs 4.11 lakh crores, against Rs 3.60 lakh crores in BE 2016-17.

  15. Question 15 of 15
    15. Question

    What is the surcharge that people with earning of Rs 1 crore or more will pay on their tax?

    Correct

    Explanation: People earning Rs 1 crore or more will pay 15% surcharge on tax. This rule has not been changed.

    Incorrect

    Explanation: People earning Rs 1 crore or more will pay 15% surcharge on tax. This rule has not been changed.

    Unattempted

    Explanation: People earning Rs 1 crore or more will pay 15% surcharge on tax. This rule has not been changed.

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3 Thoughts to “Union Budget 2017 Questions Set 6”

  1. Hemant ahuja?
    February 20, 2017 at 3:36 pm

    Thank

  2. ravi
    February 20, 2017 at 8:08 pm

    ty:)))

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

    Budget 2017-18 Set 6
    Results
    12 of 15 questions answered correctly

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

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