2018 Union Budget Quiz Set 2
We have come up with important Quiz Questions based on the Union Budget 2018-19 that are expected in the upcoming examinations.
MCQs based on Union Budget 2018-19– Click Here to Read the Highlights of Union Budget 2018-19
- In the Budget 2018, Finance Minister has announced to keep the Minimum support price (MSP) for the all unannounced crops of kharif at- least at _____ times of their production cost.
1.5122.53Option A
Government has declared Minimum support price (MSP) for the majority of rabi crops at least at 1.5 times the cost involved and MSP for the all unannounced crops of kharif at least at 1.5 times of their production cost. - What is the rate of tax fixed on distributed income by equity oriented mutual fund as per the Union Budget 2018?
5%10%15%8%12%Option B
Government has proposed to introduce a tax on distributed income by equity oriented mutual fund at the rate of 10%. - In a move to benefit the senior citizen of the country, the government has decided to raise the deduction limit for health insurance premium/medical expenditure from Rs 30,000 to Rs ___________
Rs. 35,000Rs. 40,000Rs. 50,000Rs. 55,000Rs. 45,000Option C
Deduction limit for health insurance premium/medical expenditure raised from Rs. 30,000 to Rs. 50,000 under section 80D.. - For the benefit of the salaried class people and the pensioners, the Budget has proposed a standard deduction of Rs _______for transport allowance and reimbursement of miscellaneous medical expenses
Rs 30,000Rs 50,000Rs 20,000Rs 10,000Rs 40,000Option E
Standard Deduction of Rs. 40,000 in place of present exemption for transport allowance and reimbursement of miscellaneous medical expenses to benefit salaried employees and pensioners. - As per the data in the Union Budget 2018-19, how many new taxpayers were recorded to file returns of income in the fiscal 2016-17 as comapred to the preceding year?
81.11 lakhs88.81 lakhs82.21 lakhs85.51 lakhs87.71 lakhsOption D
85.51 lakhs new taxpayers filed their returns of income in financial year 2016-17, as against 66.26 lakhs in the immediately preceding year. - The Government of India has decided to observe the ________ birth anniversary of Mahatma Gandhi from 2nd October, 2019 to 2nd October 2020.
150145155125175Option A
Commemorate 150th birth anniversary of Mahatma Gandhi, Father of the Nation, from 2nd October, 2019 to 2nd October 2020. - The Union Budget 2018-19 proposes to automatically revise the emoluments of Member of Parliaments (MPs) every ________ years
274510Option D
Proposed necessary changes to refix emoluments of Member of Parliaments (MPs) with effect from April 1, 2018; automatic revision of emoluments every 5 years, indexed to inflation. - Which among the following policies regarding toll system would be introduced by the Indian Government as stated in the Union Budget 2018?
Easy PayToll Tax PayPay As You UseMy Toll PayPay On WayOption C
Propose policy to introduce toll system on ‘‘pay as you use’’ basis. - How much amount has been allocated for the development of suburban rail network in Bengaluru?
Rs 20,000 croreRs 10,000 croreRs 12,000 croreRs 15,000 croreRs 17,000 croreOption E
Rs 17,000 crore has been allocated to add 160 km of suburban network in Bengaluru. - As per the Union Budget 2018, how many unmanned level crossing in the broad gauge network would be eliminated by the government in the next 2 years?
45554267413243694462Option B
Government to eliminate 4267 unmanned level crossings in the broad gauge network in the next 2 years. - How many more houses has been sanctioned to be constructed under the Prime Minister Awas Scheme (Rural) during 2018-19?
45 lakh37 lakh51 lakh26 lakh69 lakhOption C
Under Prime Minister Awas Scheme (Rural), 51 lakhs houses in year 2017-18 and 51 lakh houses during 2018-19 will be constructed exclusively in rural areas. - The government has lowered the women employees’ contribution in EPF to _____ percent for first 3 years of their employment
5%8%10%12%15%Option B
Amend Employees Provident Fund and Miscellaneous Provisions Act, 1952 to reduce women employees’ contribution to 8% for first 3 years of their employment against existing rate of 12% or 10% with no change in employers’ contribution. - How much amount has been allocated to the Scheduled Tribes (STs) in 2018-19?
Rs 35,115 croreRs 37,125 croreRs 39,135 croreRs 32,145 croreRs 38,155 croreOption C
Allocation for Scheduled Tribes (STs)- Rs 39,135 crore in BE 2018-19. - How much amount has been allocated to the National Social Assistance Programme in the Union Budget 2018-19?
Rs 9975 croreRs 9795 croreRs 9597croreRs 9957 croreRs 9579 croreOption A
Rs 9975 crore allocated to National Social Assistance Programme. - How many new Schools of Planning and Architecture (SPA) would be established in the IITs and NITs as autonomous Schools on challenge mode?
1015181220Option C
18 new SPAs would be established in the IITs and NITs as autonomous Schools on challenge mode. - How many centres under Ayushman Bharat programme will be set up to provide health facilities closer to home?
1 lakh1.5 lakh2 lakh2.5 lakh3 lakhOption B
Ayushman Bharat programme allocated Rs 1,200 crore under which 1.5 lakh centres will be set up to provide health facilities closer to home. - According to the Union Budget 2018-19, how many free LPG gas connections has been proposed to be provided to women under UJJWALA Scheme?
1 crore2 crore5 crore6 crore8 croreOption E
Proposed 8 crore free LPG gas connections to women under UJJWALA Scheme - How much amount has been allocated to the Fishery and Aquaculture Infrastructure Development Fund (FAIDF) and Animal Husbandry Infrastructure Development Fund (AHIDF) in the Budget 2018?
Rs 10,000 croreRs 20,000 croreRs 30,000 croreRs 40,000 croreRs 50,000 croreOption A
Fishery and Aquaculture Infrastructure Development Fund (FAIDF) and Animal Husbandry Infrastructure Development Fund (AHIDF) to be set up with total corpus of Rs 10,000 crore. - Under the National Health Protection Scheme, how much insurance coverage would be provided to each poor and vulnerable families for treatment?
Rs 2 lakhRs 5 lakhRs 7 lakhRs 2.5 lakhRs 6 lakhOption B
World’s largest Health Protection Scheme covering over 10 crore poor and vulnerable families launched with coverage upto Rs 5 lakh per family for secondary and tertiary treatment. - What is the expected range of GDP growth of India in the second half of 2017-18 as per data in Union Budget 2018?
7.1% – 7.5%7.1% – 7.7%7.2% – 7.5%7.3% – 7.9%7.5% – 7.9 %Option C
India’s GDP is expected to grow at 7.2% to 7.5% in the second half of 2017-18.
Amazing! Its genuinely awesome post, I have
got much clear idea concerning from this paragraph.
What i don’t realize is in fact how you are now not really much more well-preferred than you might be now.
You’re so intelligent. You already know thus significantly in relation to this matter,
made me in my view consider it from so many various angles.
Its like women and men aren’t fascinated unless it’s one thing to accomplish with Woman gaga!
Your own stuffs nice. Always take care of it up!
I really like it when folks get together and share views. Great website, continue
the good work!
I love what you guys are usually up too. This sort of clever work and exposure!
Keep up the wonderful works guys I’ve you
guys to my own blogroll.
I have read so many articles regarding the blogger lovers but this article is truly a
nice article, keep it up.
You should take part in a contest for one of the best websites on the internet.
I will recommend this blog!