1. According to economic survey 2011-12, tabled
in the parliament on February
25, 2011, how many villages inIndia
(1) 61,586
(2) 62,443
(3) 63,342
(4) 62,634
2. Union Railway Minister Ms. Mamata Banerjee presented the Railway Budget for 2011-12on
February 25, 2011 and fixed the plan outlay for 2011-12 at Rs.57, 630 crore, which is___ percent higher than the outlay for the year 2011-11.
(1) 38
(2) 42
(3) 44
(4) 40
3. According to the provisions of Railway Budget 2011-12, presented on February 25, 2011, which of the following combinations of project and proposed investments is not correct?
(1) New Railway Lines-Rs 9,583 crore
(2) Doubling the Lines-Rs5, 406 crore
(3) Gauge Conversion-Rs 2,470 crore
(4) Acquisition of rolling Stock-Rs 12,380 crore
4. Ms. Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 fixed the target to load 993 million tones goods during 2011-12 to earn.
(1) Rs.68, 620 crore
(2) Rs.62, 489 crore
(3) Rs.67, 826 crore
(4) Rs.63, 765 crore
5. In the Railway Budget 2011-12, tabled on February 25, 2011, Ms.Mamata Banerjee has set an ambitious goal of enhancing the sundry earnings to Rs. 4,060 crore during 2011-12, which was___in 2010-11.
(1) Rs. 3170 Crore
(2) Rs. 3,530.34 Crore
(3) Rs.2, 596.31 Crore
(4) Rs.2, 778.34 Crore
6. Which one of the following projects was not announced by the Union Railway Minister Ms.Mamata Banerjee in the Railway Budget 2011-12, presented on February 25, 2011?
(1)Laying of 40 new lines
(2)Gauge Conversion of 1,017 km
(3)Trebling of 1125 km of track
(4)Electrification of 1,000km of track
7. Union Railway Minister Ms.Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 proposed to set up a 700-megawatt gas-based power plant at Thakurli,which is situated in the state of
(1)West
Bengal
(2) Andhra Pradesh
(3) Manipur
(4) Maharastra
8. How many new express trains were proposed in the Railway Budget 2011-12 on February 25, 2011 besides three new Shatabdis and nine new Duronto trains?
(1) 56
(2) 58
(3) 62
(4) 54
9. Which of the following statements regarding the Economic Survey 2010-11, tabled in the Parliament on February 25, 2011 is not correct?
(1) Estimated GDP growth in 2010-12, 8.6 percent
(2) Survey favours phased opening of foreign direct investment in multi-brand retail
(3) Survey does not favour second green revolution
(4) Efficient taxation of goods and services through GST
10. Union Finance Minister Pranab Mukherjee presented the Budget 2011-12 on February 28, 2011.Which of the following is not a key features of this Budget?
(1) Gross Tax receipts are estimated at Rs. 932,440 crore
(2) Exemption limit for general category of individual taxpayers was not enhanced
(3) Total expenditure proposed at Rs. 12, 57,729 crore
(4) Rate of Minimum Alternative Tax increased to18.5 percent
11. Which of the following statements is not correct about the Budget 2011-12, tabled in the parliament of February 28, 2011?
(1) Increase of 18.3 percent in total plan allocation
(2) Standard rate of service tax retained at 10 percent
(3) Allocation of Rs. 900 crore for National Mission for protein supplement
(4) redit flow for farmers raised from Rs. 3,75,000 crore to Rs. 4,75,000 Crore in 2011-12.
12. According to Economic Survey 2010-11, during April 2006 to March 2010,India
(1) $ 190 million
(2) $ 194.69 million
(3) $ 290 million
(4) $ 294.69 million
13. According to Economic survey 2010-11, presented in the Lok Sabha on February 25, 2011, while the overall gross domestic product (GDP) has grown by an average of 8.62 percent during 2004-05 to 2010-11, GDP of the agricultural sector has increased by only____during the same period.
(1) 3.46 percent
(2) 4.46 percent
(3) 2.46 percent
(4) 5.46 percent
14. According to the data presented in the Economic Survey 2010-11, from 2000-2001 to 2009-2010, the growth in wheat acreage was around 1.21 percent, What was the growth in yield?
(1) 1.89 percent
(2) 0.68 percent
(3) 1.59 percent
(4) 1.61 percent
15. In the Union Budget 2011-12 presented in the LokSabha on February 28, 2011, what amount has been proposed to be raised through disinvestment of Public Sector Undertakings?
(1) Rs. 35,000 crore
(2) Rs. 40,888 crore
(3) Rs. 40,000 crore
(4) Rs. 37,000 crore
16. According to the proposal of Union Budget 2011-12, the government is to finalise Direct Taxes Code for enactment during 2011-12.When will it be effective from?
(1) April 1, 2012
(2) May 1, 2012
(3) April 1, 2013
(4) May 1, 2013
17. According to proposals of Union Budget, 2011-12, to empower women and promote their self help groups (SHG) Women’s SHGs Devlopment Fund is to be created with a corpus of
(1) Rs. 600 crore
(2) Rs. 525 crore
(3) Rs. 625 crore
(4) Rs. 500 crore
18. Which of the following pairs based on Union Budget 2011-12 estimates is wrongly matched?
(1) Revenue Receipts-Rs. 789892 crore
(2) Capital Receipts-Rs. 816182 crore
(3) Non Plan Expenditure-Rs. 816000 crore
(4) Revenue Deflect- Rs. 307270 crore
19. According to the Union Budget 2011-12 estimates for each rupee that comes in the government’s ex-chequer the share of different heads has been listed below. Which of the following is not correctly matched?
(1) Borrowings and other liabilities-27 paise
(2) Corporation tax-24 paise
(3) Service tax and other taxes-6 paise
(4) Union Excise duties-11 paise
20. According to the Union Budget 2011-12 estimates presented in the Lok Sabha on February 28,2011,for each rupee that goes from government’s ex-chequer.the share of different heads has been listed below. Which of the following is not correctly matched?
(1) Central Plan-22 paise
(2) Interest Payment-18 paise
(3) Defence-11 paise
(4) subsidies-9 paise
21. According to the Union Budget 2011-12, to further encourage States to allocate more funds for agriculture over and above their base line expenditure on farming, an additional sum of ____has been proposed for the Rashtriya Krishi Vikas Yojana.
(1) Rs. 1190 crore
(2) Rs. 1105 crore
(3) Rs. 1150 crore
(4) Rs. 5110 crore
22. In the Union Budget 2011-12 proposals presented in Lok Sabha on February 28, 2011, to provide Housing finance to targeted groups in rural areas at competitive rates, what provision has been made for the Rural Housing Fund?
(1) Rs. 2000 crore
(2) Rs. 3500 crore
(3) Rs. 3000 crore
(4) Rs. 2500 crore
23. Handloom weavers have been facing economic stress. In the Union Budget 2011-12, to benefit
15000 cooperative societies and about 300000 handloom weavers, it has been proposed to provide_____ to NABARD.
(1) Rs. 3000 crore
(2) Rs. 2000 crore
(3) Rs. 3500 crore
(4) Rs. 4661 crore
24. With an objective to bring green revolution in the eastern region of India i.e. Assam, West Bengal, Orissa, Bihar, Jharkhand, eastern Uttar Pradesh and Chhattisgarh, what amount has been allocated in Union Budget 2011-12 for the programme that will target the rice based cropping system?
(1) Rs. 325 crore
(2) Rs. 400 crore
(3) Rs. 315 crore
(4) Rs. 415 crore
25. To build judicial infrastructure and E-courts project, the plan provision for the Department of justice has been increased three-fold to in the Union Budget 2011-12.
(1) Rs. 1000 crore
(2) Rs. 951 crore
(3) Rs. 2000 crore
(4) Rs. 1051 crore
25, 2011, how many villages in
(1) 61,586
(2) 62,443
(3) 63,342
(4) 62,634
2. Union Railway Minister Ms. Mamata Banerjee presented the Railway Budget for 2011-12on
February 25, 2011 and fixed the plan outlay for 2011-12 at Rs.57, 630 crore, which is___ percent higher than the outlay for the year 2011-11.
(1) 38
(2) 42
(3) 44
(4) 40
3. According to the provisions of Railway Budget 2011-12, presented on February 25, 2011, which of the following combinations of project and proposed investments is not correct?
(1) New Railway Lines-Rs 9,583 crore
(2) Doubling the Lines-Rs5, 406 crore
(3) Gauge Conversion-Rs 2,470 crore
(4) Acquisition of rolling Stock-Rs 12,380 crore
4. Ms. Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 fixed the target to load 993 million tones goods during 2011-12 to earn.
(1) Rs.68, 620 crore
(2) Rs.62, 489 crore
(3) Rs.67, 826 crore
(4) Rs.63, 765 crore
5. In the Railway Budget 2011-12, tabled on February 25, 2011, Ms.Mamata Banerjee has set an ambitious goal of enhancing the sundry earnings to Rs. 4,060 crore during 2011-12, which was___in 2010-11.
(1) Rs. 3170 Crore
(2) Rs. 3,530.34 Crore
(3) Rs.2, 596.31 Crore
(4) Rs.2, 778.34 Crore
6. Which one of the following projects was not announced by the Union Railway Minister Ms.Mamata Banerjee in the Railway Budget 2011-12, presented on February 25, 2011?
(1)Laying of 40 new lines
(2)Gauge Conversion of 1,017 km
(3)Trebling of 1125 km of track
(4)Electrification of 1,000km of track
7. Union Railway Minister Ms.Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 proposed to set up a 700-megawatt gas-based power plant at Thakurli,which is situated in the state of
(1)
(2) Andhra Pradesh
(3) Manipur
(4) Maharastra
8. How many new express trains were proposed in the Railway Budget 2011-12 on February 25, 2011 besides three new Shatabdis and nine new Duronto trains?
(1) 56
(2) 58
(3) 62
(4) 54
9. Which of the following statements regarding the Economic Survey 2010-11, tabled in the Parliament on February 25, 2011 is not correct?
(1) Estimated GDP growth in 2010-12, 8.6 percent
(2) Survey favours phased opening of foreign direct investment in multi-brand retail
(3) Survey does not favour second green revolution
(4) Efficient taxation of goods and services through GST
10. Union Finance Minister Pranab Mukherjee presented the Budget 2011-12 on February 28, 2011.Which of the following is not a key features of this Budget?
(1) Gross Tax receipts are estimated at Rs. 932,440 crore
(2) Exemption limit for general category of individual taxpayers was not enhanced
(3) Total expenditure proposed at Rs. 12, 57,729 crore
(4) Rate of Minimum Alternative Tax increased to18.5 percent
11. Which of the following statements is not correct about the Budget 2011-12, tabled in the parliament of February 28, 2011?
(1) Increase of 18.3 percent in total plan allocation
(2) Standard rate of service tax retained at 10 percent
(3) Allocation of Rs. 900 crore for National Mission for protein supplement
(4) redit flow for farmers raised from Rs. 3,75,000 crore to Rs. 4,75,000 Crore in 2011-12.
12. According to Economic Survey 2010-11, during April 2006 to March 2010,
(1) $ 190 million
(2) $ 194.69 million
(3) $ 290 million
(4) $ 294.69 million
13. According to Economic survey 2010-11, presented in the Lok Sabha on February 25, 2011, while the overall gross domestic product (GDP) has grown by an average of 8.62 percent during 2004-05 to 2010-11, GDP of the agricultural sector has increased by only____during the same period.
(1) 3.46 percent
(2) 4.46 percent
(3) 2.46 percent
(4) 5.46 percent
14. According to the data presented in the Economic Survey 2010-11, from 2000-2001 to 2009-2010, the growth in wheat acreage was around 1.21 percent, What was the growth in yield?
(1) 1.89 percent
(2) 0.68 percent
(3) 1.59 percent
(4) 1.61 percent
15. In the Union Budget 2011-12 presented in the LokSabha on February 28, 2011, what amount has been proposed to be raised through disinvestment of Public Sector Undertakings?
(1) Rs. 35,000 crore
(2) Rs. 40,888 crore
(3) Rs. 40,000 crore
(4) Rs. 37,000 crore
16. According to the proposal of Union Budget 2011-12, the government is to finalise Direct Taxes Code for enactment during 2011-12.When will it be effective from?
(1) April 1, 2012
(2) May 1, 2012
(3) April 1, 2013
(4) May 1, 2013
17. According to proposals of Union Budget, 2011-12, to empower women and promote their self help groups (SHG) Women’s SHGs Devlopment Fund is to be created with a corpus of
(1) Rs. 600 crore
(2) Rs. 525 crore
(3) Rs. 625 crore
(4) Rs. 500 crore
18. Which of the following pairs based on Union Budget 2011-12 estimates is wrongly matched?
(1) Revenue Receipts-Rs. 789892 crore
(2) Capital Receipts-Rs. 816182 crore
(3) Non Plan Expenditure-Rs. 816000 crore
(4) Revenue Deflect- Rs. 307270 crore
19. According to the Union Budget 2011-12 estimates for each rupee that comes in the government’s ex-chequer the share of different heads has been listed below. Which of the following is not correctly matched?
(1) Borrowings and other liabilities-27 paise
(2) Corporation tax-24 paise
(3) Service tax and other taxes-6 paise
(4) Union Excise duties-11 paise
20. According to the Union Budget 2011-12 estimates presented in the Lok Sabha on February 28,2011,for each rupee that goes from government’s ex-chequer.the share of different heads has been listed below. Which of the following is not correctly matched?
(1) Central Plan-22 paise
(2) Interest Payment-18 paise
(3) Defence-11 paise
(4) subsidies-9 paise
21. According to the Union Budget 2011-12, to further encourage States to allocate more funds for agriculture over and above their base line expenditure on farming, an additional sum of ____has been proposed for the Rashtriya Krishi Vikas Yojana.
(1) Rs. 1190 crore
(2) Rs. 1105 crore
(3) Rs. 1150 crore
(4) Rs. 5110 crore
22. In the Union Budget 2011-12 proposals presented in Lok Sabha on February 28, 2011, to provide Housing finance to targeted groups in rural areas at competitive rates, what provision has been made for the Rural Housing Fund?
(1) Rs. 2000 crore
(2) Rs. 3500 crore
(3) Rs. 3000 crore
(4) Rs. 2500 crore
23. Handloom weavers have been facing economic stress. In the Union Budget 2011-12, to benefit
15000 cooperative societies and about 300000 handloom weavers, it has been proposed to provide_____ to NABARD.
(1) Rs. 3000 crore
(2) Rs. 2000 crore
(3) Rs. 3500 crore
(4) Rs. 4661 crore
24. With an objective to bring green revolution in the eastern region of India i.e. Assam, West Bengal, Orissa, Bihar, Jharkhand, eastern Uttar Pradesh and Chhattisgarh, what amount has been allocated in Union Budget 2011-12 for the programme that will target the rice based cropping system?
(1) Rs. 325 crore
(2) Rs. 400 crore
(3) Rs. 315 crore
(4) Rs. 415 crore
25. To build judicial infrastructure and E-courts project, the plan provision for the Department of justice has been increased three-fold to in the Union Budget 2011-12.
(1) Rs. 1000 crore
(2) Rs. 951 crore
(3) Rs. 2000 crore
(4) Rs. 1051 crore
26. In the Union Budget 2011-12 estimates presented
in the Lok Sabha on February 28, 2011 the government haas pegged fiscal deflect
for 2011-12, at____ of Gross Domestic Product (GDP).
(1) 4.8 percent
(2) 4.6 percent
(3) 4.9 percent
(4) 4.15 percent
27. Plan expenditure which broadly includes spending on assets and is perceived to provide a push to the economic growth is estimated to be____in 2011-12, as mentioned in the Union Budget 2011-12.
(1) Rs. 441500.09 crore
(2) Rs. 400000 crore
(3) Rs. 441546.75 crore
(4) Rs. 14546.7 crore
28. In the Union Budget 2011-12 presented on February 28, 2011, a big push to the infrastructure sector has been announced. What allotment has been proposed on the transport and the energy sectors out of Rs. 5.92 lakh crore earnmarked in the Central Plan?
(1) Rs. 2.72 lakh crore
(2) Rs. 1.72 lakh crore
(3) Rs. 1.75 lakh crore
(4) Rs. 1.89 lakh crore
29. Union Finance Minister Pranab Mukherjee has made a total allocation of____to give a greater to flagship programme Bharat Nirman,covering six sectors.
(1) Rs. 56000 crore
(2) Rs. 58000 crore
(3) Rs. 10000 crore
(4) Rs. 85000 crore
30. In the Union Budget 2011-12 proposals,what amount has been allocated under the Indira Awas Yojana for construction of house for BPL families in the left wing Extremist(LWE) districts?
(1) Rs. 8096 crore
(2) Rs. 18999 crore
(3) Rs. 8996 crore
(4) Rs. 7996 crore
31. In the union Budget 2011-12 presented in the parliament on February 28, 2011 by what percentage the defence budget has been raised from Rs. 147344 crore in 2010-11?
(1) 11.59 percent
(2) 12.59 percent
(3) 11.95 percent
(4) 12.5 percent
32. According to the Union Budget 2011-12, an international award with prize money of Rs. 1crore is to be instituted for promoting the values of universal brotherhood in the memory of
(1) Mahatma Gandhi
(2) Rabindranath Tagore
(3) Devendranath Tagore
(4) Subhash Chandra Bose
ANSWERS
1.(2) 2.(4) 3.(4) 4.(1) 5.(2) 6.(3) 7.(4) 8.(1) 9.(3) 10.(2) 11.(3) 12.(2) 13.(1) 14.(2) 15.(3) 16.(1) 17.(4) 18.(2) 19.(2) 20.(3) 21.(2) 22.(2) 23.(1) 24.(2) 25.(1) 26.(2) 27.(3) 28.(1) 29.(2) 30.(3) 31.(1) 32.(2)
(1) 4.8 percent
(2) 4.6 percent
(3) 4.9 percent
(4) 4.15 percent
27. Plan expenditure which broadly includes spending on assets and is perceived to provide a push to the economic growth is estimated to be____in 2011-12, as mentioned in the Union Budget 2011-12.
(1) Rs. 441500.09 crore
(2) Rs. 400000 crore
(3) Rs. 441546.75 crore
(4) Rs. 14546.7 crore
28. In the Union Budget 2011-12 presented on February 28, 2011, a big push to the infrastructure sector has been announced. What allotment has been proposed on the transport and the energy sectors out of Rs. 5.92 lakh crore earnmarked in the Central Plan?
(1) Rs. 2.72 lakh crore
(2) Rs. 1.72 lakh crore
(3) Rs. 1.75 lakh crore
(4) Rs. 1.89 lakh crore
29. Union Finance Minister Pranab Mukherjee has made a total allocation of____to give a greater to flagship programme Bharat Nirman,covering six sectors.
(1) Rs. 56000 crore
(2) Rs. 58000 crore
(3) Rs. 10000 crore
(4) Rs. 85000 crore
30. In the Union Budget 2011-12 proposals,what amount has been allocated under the Indira Awas Yojana for construction of house for BPL families in the left wing Extremist(LWE) districts?
(1) Rs. 8096 crore
(2) Rs. 18999 crore
(3) Rs. 8996 crore
(4) Rs. 7996 crore
31. In the union Budget 2011-12 presented in the parliament on February 28, 2011 by what percentage the defence budget has been raised from Rs. 147344 crore in 2010-11?
(1) 11.59 percent
(2) 12.59 percent
(3) 11.95 percent
(4) 12.5 percent
32. According to the Union Budget 2011-12, an international award with prize money of Rs. 1crore is to be instituted for promoting the values of universal brotherhood in the memory of
(1) Mahatma Gandhi
(2) Rabindranath Tagore
(3) Devendranath Tagore
(4) Subhash Chandra Bose
ANSWERS
1.(2) 2.(4) 3.(4) 4.(1) 5.(2) 6.(3) 7.(4) 8.(1) 9.(3) 10.(2) 11.(3) 12.(2) 13.(1) 14.(2) 15.(3) 16.(1) 17.(4) 18.(2) 19.(2) 20.(3) 21.(2) 22.(2) 23.(1) 24.(2) 25.(1) 26.(2) 27.(3) 28.(1) 29.(2) 30.(3) 31.(1) 32.(2)
Set 2
1) Who
presented the Union Budget 2011-12 in the Parliament on February 28, 2011?
a) Manmohan Singh b) Pratibha Devisingh Patil c) Hamid Ansari d) D.Subbarao e) Pranab Mukherjee
2) The first Union budget of independent India was presented by?
a) R.K.Shanmukham Chetty b) Jawaharlal Nehru c) Morarji Desai d) Indira Gandhi e) Manmohan Singh
3) Disinvestment Target for 2011-12 has been placed at?
a) Rs. 10000 crore b) Rs. 20000 crore c) Rs. 30000 crore d) Rs. 40000 crore e) None of these
4) Foreign Institutional Investor-(FII) limit for investment in Indian corporate bonds raised from $20 billion to?
a) $30 billion b) $40 billion c) $50 billion d) $60 billion e) None of these
5) As per Union Budget 2011-12, Indian Micro Finance Equity Fund of Rs.100 crore to be created with?
a) SBI b)ICICI
c) NABARD d)IDBI e) SIDBI
6) Rural Infrastructure Develo-pment Fund (RIDF) was set up by the Government in?
a) 1995-96 b) 1996-97 c) 1997-98 d)1998-99 e) None of these
7) The corpus allocated for Rural Infrastructure Development Fund (RIDF) for 2011-12 is?
a) Rs.16000 b) Rs.17000 c) Rs.18000 d) Rs.19000 e) None of these
8) The target of credit flow to farmers has been raised from Rs.3,75,000 crore of 2010-11 to ……in 2011-12?
a) Rs.4,75,000 crore b) Rs.5,75,000 crore c) Rs.6,75,000 crore d) Rs.7,75,000 crore e) None of these
9) Rural Infrastructure Develo-pment Fund (RIDF) is maintained by?
a) RBI b) SBI c) NABARD d) IDBI Bank e) None of these
10) Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to?
a) 64 years b) 63 years c) 62 years d) 61 years e) 6o years
11) Exemption limit for the general category of individual taxpa-yers enhanced from 1,60,000 to?
a) 1,70,000 b) 1,80,000 c) 1,90,000 d) 2,00,000 e) None of these
12) As per Union Budget 2011-12, standard rate of Service Tax is?
a) 10 % b) 11 % c) 12 %d) 13 % e) None of these
13) As per Union Budget 2011-12, Defence allocation is?
a) 1.64 lakh crore b) 1.74 lakh crore c) 1.84 lakh crore d) 1.94 lakh crore e) None of these
14) In the Constitution of India, the Union Budget of India referred to as the?
a) Economic Survey b) Monetary and Credit Policy c) Foreign Trade Policy d) Annual Financial Statement
e) None of these
15) Which of the following department is not a part of Finance Ministry of India?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e) Department of Industrial Policy & Promotion
16) Which Department principal responsibility is the prep-aration of the Union Budget annually (excluding the Railway Budget)?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e)Department of Financial Servies
17) Which of the following is a government body that offers a single window clearance for proposals on foreign direct investment in the country that are not allowed access through the automatic route?
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) Export-Import Bank of India
d) Foreign Investment Promo-tion Board
e) Bombay Stock Exchange
18) The first woman Finance Secretary of India?
a) Sushma Nath
b)Shyamala Gopinath
c) Chanda Kochhar
d) Shikha Sharma
e) None of these
19) The only woman to hold the post of the finance minister of India?
a) Vijaya Lakshmi Nehru Pandit b) Sarojini Naidu
c) Rajkumari Amrit Kaur d) Indira Gandhi e)None of these
20) The Union Budget is always presented first in ?
a) Lok Sabha b) Rajya Sabha c) Joint Session of the Parliament d) State Assemblies e) None of these
21) Which of the following presents the Economic Survey in the parliament every year, just before the Union Budget?
a) RBI b) Ministry of Finance c) Ministry of Commerce d) Planning Commission e) Finance Commission
22) The financial year in India starts on?
a) 1st January b)1stMarch c) 1st April d) 1st July e) None of these
23) A fiscal year in India ends on?
a) February 28 b) March 31 c)April1 d)July1e)December 31
24) A. Gross Tax receipts are estimated at 9,32,440 crore.
B. Non-tax revenue receipts estimated at 1,25,435 crore.
C. Total expenditure proposed at 12,57,729 crore.
D. Increase of 18.3 per cent in total Plan allocation.
E. Increase of 10.9 per cent in the Non-plan expenditure.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above
25) A.Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms.
B. Government expects econo-my to grow at 9 % in 2011-12.
C. Fiscal Deficit target at 4.6% for 2011-12, down from 5.1% estimated for 2010-11.
D. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recomm-ened by the 13th Finance Commission.
E. 40,000 crore to be raised through disinvestment in 2011-12.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above
26) A. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
B. "India Microfinance Equity Fund" of Rs.100 crore to be created with SIDBI. Gover-nment considering putting in place appropriate regulatory framework to protect the interest of small borrowers.
C."Women's SHG's Develo-pment Fund" to be created with a corpus of Rs. 500 crore.
D. Corpus of RIDF XVII to be raised from Rs.16,000 crore to 20,000 crore.
E. 1,000 crore to be provided to SIDBI for refinancing incre-mental lending by banks to these enterprises.
Which of the statements given above is/are correct?
a) A and D b) A, B and C c) C and D d) D and E e) None of these
27) A.Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs. 6,755 crore to 7,860 crore.
B. Rs.10,000 crore to be contributed to NABARD's Short-term Rural Credit fund for 2011-12.
C. Allocation for Bharat Nirman programme proposed to be increased by Rs.10,000 crore from the current year to Rs. 58,000 crore in 2011-12.
D. Rs. 21,000 crores for primary education to implement Sarva Shiksha Abhiyan.
E. Defence budget hiked to ’1.64 lakh crore
Which of the statements given above is/are correct?
a) A and B b) B and C c) C and D d) D and E
e) All of the above
28) Consider the following statements:
1) Finance minister Pranab Mukherjee unveiled the Union Budget 2011-12 on February 28, 2011.
2) Economic Survey 2010-11 was presented in the Parliament on Feb 25, 2011.
3) India's Railway Minister Mamta Banerjee presented the new Railway Budget for the year 2011-12 in the parliament on February 25, 2011.
Which of the statements given above is/are correct?
a) 1 only b) 2 only
c) 3 only d) All of the above e) None of these
Answers:
1) e, 2) a, 3) d, 4) a, 5) e, 6) a, 7) c, 8) a, 9) c, 10) e, 11) b, 12) a, 13) a, 14) d, 15) e, 16) a, 17) d, 18) a, 19) d, 20) a, 21) b, 22) c, 23) b, 24) e, 25) e, 26) b, 27) e, 28) d
a) Manmohan Singh b) Pratibha Devisingh Patil c) Hamid Ansari d) D.Subbarao e) Pranab Mukherjee
2) The first Union budget of independent India was presented by?
a) R.K.Shanmukham Chetty b) Jawaharlal Nehru c) Morarji Desai d) Indira Gandhi e) Manmohan Singh
3) Disinvestment Target for 2011-12 has been placed at?
a) Rs. 10000 crore b) Rs. 20000 crore c) Rs. 30000 crore d) Rs. 40000 crore e) None of these
4) Foreign Institutional Investor-(FII) limit for investment in Indian corporate bonds raised from $20 billion to?
a) $30 billion b) $40 billion c) $50 billion d) $60 billion e) None of these
5) As per Union Budget 2011-12, Indian Micro Finance Equity Fund of Rs.100 crore to be created with?
a) SBI b)ICICI
c) NABARD d)IDBI e) SIDBI
6) Rural Infrastructure Develo-pment Fund (RIDF) was set up by the Government in?
a) 1995-96 b) 1996-97 c) 1997-98 d)1998-99 e) None of these
7) The corpus allocated for Rural Infrastructure Development Fund (RIDF) for 2011-12 is?
a) Rs.16000 b) Rs.17000 c) Rs.18000 d) Rs.19000 e) None of these
8) The target of credit flow to farmers has been raised from Rs.3,75,000 crore of 2010-11 to ……in 2011-12?
a) Rs.4,75,000 crore b) Rs.5,75,000 crore c) Rs.6,75,000 crore d) Rs.7,75,000 crore e) None of these
9) Rural Infrastructure Develo-pment Fund (RIDF) is maintained by?
a) RBI b) SBI c) NABARD d) IDBI Bank e) None of these
10) Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to?
a) 64 years b) 63 years c) 62 years d) 61 years e) 6o years
11) Exemption limit for the general category of individual taxpa-yers enhanced from 1,60,000 to?
a) 1,70,000 b) 1,80,000 c) 1,90,000 d) 2,00,000 e) None of these
12) As per Union Budget 2011-12, standard rate of Service Tax is?
a) 10 % b) 11 % c) 12 %d) 13 % e) None of these
13) As per Union Budget 2011-12, Defence allocation is?
a) 1.64 lakh crore b) 1.74 lakh crore c) 1.84 lakh crore d) 1.94 lakh crore e) None of these
14) In the Constitution of India, the Union Budget of India referred to as the?
a) Economic Survey b) Monetary and Credit Policy c) Foreign Trade Policy d) Annual Financial Statement
e) None of these
15) Which of the following department is not a part of Finance Ministry of India?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e) Department of Industrial Policy & Promotion
16) Which Department principal responsibility is the prep-aration of the Union Budget annually (excluding the Railway Budget)?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e)Department of Financial Servies
17) Which of the following is a government body that offers a single window clearance for proposals on foreign direct investment in the country that are not allowed access through the automatic route?
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) Export-Import Bank of India
d) Foreign Investment Promo-tion Board
e) Bombay Stock Exchange
18) The first woman Finance Secretary of India?
a) Sushma Nath
b)Shyamala Gopinath
c) Chanda Kochhar
d) Shikha Sharma
e) None of these
19) The only woman to hold the post of the finance minister of India?
a) Vijaya Lakshmi Nehru Pandit b) Sarojini Naidu
c) Rajkumari Amrit Kaur d) Indira Gandhi e)None of these
20) The Union Budget is always presented first in ?
a) Lok Sabha b) Rajya Sabha c) Joint Session of the Parliament d) State Assemblies e) None of these
21) Which of the following presents the Economic Survey in the parliament every year, just before the Union Budget?
a) RBI b) Ministry of Finance c) Ministry of Commerce d) Planning Commission e) Finance Commission
22) The financial year in India starts on?
a) 1st January b)1stMarch c) 1st April d) 1st July e) None of these
23) A fiscal year in India ends on?
a) February 28 b) March 31 c)April1 d)July1e)December 31
24) A. Gross Tax receipts are estimated at 9,32,440 crore.
B. Non-tax revenue receipts estimated at 1,25,435 crore.
C. Total expenditure proposed at 12,57,729 crore.
D. Increase of 18.3 per cent in total Plan allocation.
E. Increase of 10.9 per cent in the Non-plan expenditure.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above
25) A.Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms.
B. Government expects econo-my to grow at 9 % in 2011-12.
C. Fiscal Deficit target at 4.6% for 2011-12, down from 5.1% estimated for 2010-11.
D. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recomm-ened by the 13th Finance Commission.
E. 40,000 crore to be raised through disinvestment in 2011-12.
Which of the statements given above is/are correct?
a) A and B b) B and C
c) C and D d) D and E e) All of the above
26) A. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
B. "India Microfinance Equity Fund" of Rs.100 crore to be created with SIDBI. Gover-nment considering putting in place appropriate regulatory framework to protect the interest of small borrowers.
C."Women's SHG's Develo-pment Fund" to be created with a corpus of Rs. 500 crore.
D. Corpus of RIDF XVII to be raised from Rs.16,000 crore to 20,000 crore.
E. 1,000 crore to be provided to SIDBI for refinancing incre-mental lending by banks to these enterprises.
Which of the statements given above is/are correct?
a) A and D b) A, B and C c) C and D d) D and E e) None of these
27) A.Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs. 6,755 crore to 7,860 crore.
B. Rs.10,000 crore to be contributed to NABARD's Short-term Rural Credit fund for 2011-12.
C. Allocation for Bharat Nirman programme proposed to be increased by Rs.10,000 crore from the current year to Rs. 58,000 crore in 2011-12.
D. Rs. 21,000 crores for primary education to implement Sarva Shiksha Abhiyan.
E. Defence budget hiked to ’1.64 lakh crore
Which of the statements given above is/are correct?
a) A and B b) B and C c) C and D d) D and E
e) All of the above
28) Consider the following statements:
1) Finance minister Pranab Mukherjee unveiled the Union Budget 2011-12 on February 28, 2011.
2) Economic Survey 2010-11 was presented in the Parliament on Feb 25, 2011.
3) India's Railway Minister Mamta Banerjee presented the new Railway Budget for the year 2011-12 in the parliament on February 25, 2011.
Which of the statements given above is/are correct?
a) 1 only b) 2 only
c) 3 only d) All of the above e) None of these
Answers:
1) e, 2) a, 3) d, 4) a, 5) e, 6) a, 7) c, 8) a, 9) c, 10) e, 11) b, 12) a, 13) a, 14) d, 15) e, 16) a, 17) d, 18) a, 19) d, 20) a, 21) b, 22) c, 23) b, 24) e, 25) e, 26) b, 27) e, 28) d
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