Take this General Knowledge Quiz on Union Budget 2018 – 2019 now

1) MSP offered on unannounced kharif crops shall be __________ times the production price.
a) 1.3
b) 1.2
c) 1.5
d) 1.4
e) None of these

2) What is the revised Fiscal Deficit Target of 2018 – 2019 ?
a) 3.5
b) 3.1
c) 3.3
d) 3.4
e) None of these

3) How much amount did Union government allotted to the Agri-Market Development Fund for developing agricultural markets of India In the Union Budget 2018?
a) 1000 Cr
b) 1500 Cr
c) 2000 Cr
d) 2500 Cr
e) None of the above

4) How much amount did Union government allotted for Restructured National Bamboo Mission?
a) 1290
b) 1291
c) 1280
d) 1281
e) None of these.

5) Based on the Union Budget 2018 how much amount to be spent for providing livelihood to rural India through infrastructure building?
a) Rs 14.34 lakh crore
b) Rs 14.44 lakh crore
c) Rs 15.34 lakh crore
d) Rs 15.44 lakh crore.
e) None of these.

6) For senior citizens ,what is the exemption limit of interest income on bank and post office deposits ?
a)80,000
b) 38,000
c) 45,000
d) 50,000
e) None of these

7) Which of the following is referred to as Green Gold ?
a) Bamboo
b) Timber
c) Coal
d) Jute
e) None of these

8) What is the corpus amount allocated to Railway department in the Union Budget 2018?
a) 148528 Crore
b) 149000 Crore
c) 150000 Crore
d) 155000 Crore
e) None of these.

9) Which of the following insurance company going to merge to United India Insurance?
a) Oriental Insurance.
b) National Insurance.
c) General Insurance.
d) Bothe a and b
e) All of the above

10) What will be the projected fiscal deficit for this year?
a) 3.0%
b) 3.1%
c) 3.2%.
d) 3.3%
e) 3.4%

11) Which yojana has been declared in the budget for boosting investment in food processing?
a) Prime Minister Krishi Sampada Yojana
b) Prime Minister Krishi Unnati Yojana
C) Prime Minister Kisan Vikas Yojana
d) Pradhan Mantri Awas Yojana
e) None of these

12) Pradhan Mantri Vaya Vandana Yojana up to which year under which an assured return of 8% is given by Life Insurance Corporation of India.?
a) March, 2022
b) March, 2020
c) March, 2021
d) March,2019
e) None of these

13) By which of the following month loans to self-help groups will increase to Rs 75,000 crore?
a) March 2018.
b) March 2019.
c) March 2020.
d) March 2021.
e) None of these.

14) How many IIT and NIT are planned to open in Union Budget 2018?
a) 15
b) 16
c) 17
d) 18
e) 20

15) To harness the benefit of emerging new technologies, particularly the ‘Fifth Generation’ (5G) technologies and its adoption, the Department of Telecom will support establishment of an indigenous 5G Test Bed at which IIT?
a) Lucknow
b) Chennai
c) Kanpur
d) Guwahati
e) None of these

16)A concession for non-corporate taxpayers operating in IFSC has been provided in which they shall be charged Alternate Minimum Tax (AMT) at concessional rate of _________% at par with Minimum Alternate Tax (MAT) applicable for corporates.
a) 8%
b) 9%
c) 10%
d) 11%
e) None of these

17) Which scheme is launched for management and conversion of cattle dung and solid waste in farms to compost, fertilizer, bio-gas and bio-CNG?
a) Gau- Dhan
b) GOBAR – Dhan
c) Waste Decompose Scheme
d) Bio – fertilizer scheme
e) None of these

18) Which one will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications.
a) ISRO
b) IITs
c) NITI Aayog
d) Google
e) None of these

19) The Union government in its budget 2018 has proposed to launch a restructured mission with an outlay of Rs 1290 crore to promote which sector?
a) Handloom
b) Bamboo
c) Traditional Craft
d) Rural Development
e) None of these

20) Government has sanctioned how much amount 99 cities have been selected for Smart City programme?
a) Rs.2.00 lakh crore
b) Rs.2.50 lakh crore
c) Rs.2.05 lakh crore
d) Rs.2.09 lakh crore
e) Rs.2.08 lakh crore

21) How much fund has the Union Government allocated for its new ‘Operation Green’ mission ?
a) 1000 crore
b) 680 crore
c) 500 crore
d) 1300 crore
e) None of these
Answer c) 500 crore

22) The Union government has proposed to extend the reach of Ujjwala Yojana to how many poor women in 2018-19?
a) 4 crore
b) 10 crore
c) 8 crore
d) 6 crore
e) None of these
Answer c) 8 crore

23) The Indian Railways is planning to re-develop how many major railway stations in 2018?
a) 400
b) 540
c) 730
d) 600
e) None of these

24) The government would be setting up an institute to train manpower for high-speed railway project in which city?
a) Ahmedabad
b) Surat
c) Pune
d) Vadodara
e) None of these

25) What is the salary of President as per Union Budget 2018?
a) Rs 5 lakh
b) Rs 4 lakh
c) Rs 3 lakh
d) Rs 2 lakh
e) None of these

26) Under which scheme Six crore toilets have been built already, and in the next year, two crore additional toilets will be constructed?
a) Saubhagya Yojana
b) Ujala
c) UDAN
d) UPI
e) None of these.

27) What was the total fiscal expenditure of the Union Government in 2017-18 as per Union Budget 2018?
a) Rs 21.47 lakh crore
b) Rs 21.57 lakh crore
c) Rs 21.67 lakh crore
d) Rs 21.77 lakh crore
e) None of these

28) As per Union Budget 2018, senior citizens will now be able to claim benefit of deduction of what amount in case of critical illnesses?
a) Rs 50000
b) Rs 75000
c) Rs 100000
d) Rs 125000
e) None of these

29) As per Union Budget 2018, the Customs duty on mobile phones and parts of televisions will be increased to what per cent?
a) 20 per cent
b) 25 per cent
c) 30 per cent
d) 35 per cent
e) None of these

30) How much percentage did the government will contribute to EPF contribution for new employees in all sectors for the next three years?
a) 10
b) 11
c) 12
d) 13
e) 15

31) In order to curb TB the Govt will provide how much rupees per month to all the TB patients during their duration of treatment?
a) Rs 600
b) Rs 1000
c) Rs 500
d) Rs 850
e) None of these

32) Which scheme will be revamped to enable people to open a hassle-free Gold Deposit Account?
a) Gold Account Scheme
b) Valuable assest Scheme
c) Gold Monetization Scheme
d) Gold Scheme
e) None of these

33) The emoluments of the President, the Vice President and the Governors are revised at _______, _________ & ______?
a) 6 lakh, 5 lakh, 4 lakh
b) 5.5 lakh, 4 lakh, 3.5 lakh
c) 5 lakh, 4 lakh, 3.5 lakh
d) 4 lakh, 6 lakh, 5 lakh
e) None of these

34) what Corpus amount did government allotted for Bharatmala project approved for better road connectivity ?
a) Rs 5.45 lakh crore
b) Rs 5.55 lakh crore
c) Rs 5.25 lakh crore
d) Rs 5.35 lakh crore
e) None of these

35) How many free gas connections for poor women through Ujjwala Yojana?
a) 8 crore
b) 6 crore
c) 5 crore
d) 4 crore
e) None of these

36) Free power connections to ____ homes under Saubhagya Yojana?
a) 4 crore
b) 6 crore
c) 8 crore
d) 3 crore
e) None of these

37) State-of the-art testing facilities will be set up in how many Mega Food Parks?
a) 50
b) 38
c) 42
d) 22
e) None of these

38) The Govt would identify 1,000 best B.Tech students each year from premier institutions and provide them facilities to do Ph.D in IITs and IISc, with a handsome fellowship under which scheme ?
a) Prime Minister’s fellowship scheme
b) Prime Minister’s Research Fellows (PMRF) Scheme
c) Prime Minister’s Higher Education Scheme
d) Prime Minister’s Education scheme
e) None of these

39) How much amount has been allocated for credit support to through capital and interest subsidy to Micro Small and Medium Enterprises?
a) Rs 3,790 crore
b) Rs 3,784 crore
c) Rs 3,794 crore
d) Rs 3,798 crore
e) None of these

40) The government will not consider which currency as legal tender?
a) Bitocurrency.
b) Pitocurrency
c) Indian Currency
d) Cryptocurrency
e) None of these

41) How much amount has been allocated for credit support to through capital and interest subsidy to Micro Small and Medium Enterprises?
a) Rs 3,794 crore
b) Rs 3,784 crore
c) Rs 3,780 crore
d) Rs 3,798 crore
e) None of these

42) The government will explore use of which type of technology proactively to boost digital economy?
a) Cryptocurrency
b) Bitcoin
c) Blockchain
d) All of these
e) None of these

43) Totally how many projects sanctioned under the Namami Ganga Programmme ?
a) 185
b) 190
c) 199
d) 187
e) None of these

44) How much amount is allotted for the textile sector in the union budget 2018?
a) 7140
b) 7142
c) 7144
d) 7148
e) None of these

45) How munch amount has allocated to Food processing ministry in the union budget 2018?
a) 715 crore
b) 815 crore
c) 950 crore
d) 1400 crore
e) None of these

46) The salaried tax payer paid total tax of `1.44 lakh crores which works out to average tax payment of `_____per individual salaried taxpayer
a) 76,306/-
b) 75,000/-
c) 74,849/-
d) 79,000/-

47) Disinvestment target of _________crore has been set for this year?
a) Rs 50000
b) Rs 80000
c) Rs 70000
d) Rs 60000
e) None of these

48) The standard deduction given to the salaried employees will cost government the revenue cost of approximately `________?
a) 7,000 Cr
b) 8,000 Cr
c) 6,000 Cr
d) 5,000 Cr
e) None of these

49) For senior citizens, Exemption of interest income on deposits with banks and post offices to be increased from `10,000/- to `_________and TDS shall not be required to be deducted on such income, under section 194A.
a) 50,000
b) 40,000
c) 15,000
d) 25,000
e) None of these

50) All senior citizens will now be able to claim benefit of deduction up to `_________per annum in respect of any health insurance premium and/or any general medical expenditure incurred
a) 1,00,00/-
b) 50,000/-
c) 45,000/-
d) 60,000/-
e) None of these