Shakeel Anwar

Budget is absolutely nothing but a declaration of expenditure and income. Relating to Article 112 of this Constitution, « the Union Government lays a statement of their projected receipts and spending for the from April 1 to March 31, before both the Houses of Parliament » year.

The expression spending plan hails from the old word that is french this means bag. It’s a quantified plan that is financial current, previous and future income and spending associated with the Central Government.

50 GK Questions on Union Budget & Economic Survey

1. Which associated with the after declaration is proper about Budget?

We. It really is a declaration of budget for the period that is future aiming proposed expenditure and way of funding it.

II. Article 111 associated with the Constitution requires the federal government to provide to Parliament a declaration of calculated receipts and spending according each and every financial 12 months.

Choose correct one:

D. Neither I nor II

Ans: A

2. Which of this following is related to your procedure Green’ mission?

A. Production of tomato, onion and potatoes

B. Creation of tomato, chili and potatoes

C. Creation of pulses, onion and potatoes

D. Manufacturing of tomato, pulses and rice

Ans: A

3. Which associated with the following policy (Yojna) bring 5 lakh acres under natural farming?

A. Shyama Prasad Mukherji Rurban Mission

B. Pramaparagat Krishi Vikas Yojna

C. Pradhan Mantri Krishi Sichai Yojna

D. PM Fasal Bima Yojna

Ans: B

4. Which Bill ended up being proposed become moving to resolve issues in infrastructure agreements, PPP and Public Utilities?

A. Experience Development Programme

B. Organizations Amendment Bill

C. Public Utility Resolution of Disputes Bill

D. Goods & Services Tax

Ans: C

5. Provider Tax become exempted on basic insurance coverage schemes under which scheme:

A. Businesses Amendment Bill

B. Shyama Prasad Mukherji Rurban Mission

D. NIRMAYA Scheme

Ans: D

6. Consider the following statement (s) is/are related into the yearly statement of finance (Budget)

We. The yearly statement of finance is divided in to three parts, consolidated fund, contingency investment and general public account.

II. All profits raised by the federal government, money lent and receipts from loans distributed by the us government movement in to the consolidated fund of Asia.

III. Article 112 associated with Constitution calls for the us government presenting to Parliament a declaration of projected receipts and spending in respect each and every year that is financial.

Choose the statement that is corrects):

Ans: D

7. Which for the after Yojna provided premium that is nominal greatest ever settlement in the event of crop loss?

A. PM Fasal Bima Yojna

B. PM Krishi Sinchai Yojna

C. Shyama Prasad Mukherji Rurban Mission

D. Pramaparagat Krishi Vikas Yojna

Ans: A

8. Consider the statement that is followings) is/are related towards the MUDRA Yojna.

We. It was at first created as a wholly owned subsidiary of Small Industries Development bank of Asia (SIDBI) with 100% capital being added by it.

II. Relating to this joyna, loan is https://speedyloan.net/reviews/moneykey granted through Mudra bank card by having a credit that is pre-assigned while the payment tenure can be high as 7 years.

Code:

C. Both We and II

D. Neither I nor II

Ans: C

9. Which associated with scheme that is following pertaining to the administration and transformation of cattle dung and solid in farms to Compost, fertilizer, bio-gas and bio-CNG?

A. Galvanizing Organic Bio-Agro Resources Dhan

B. Swachchh Bharat Abhiyan

C. Pradhan Mantri Jeevan Jyoti Beema Yojna

D. Prime Minister Krishi Sinchai Yojna

Ans: A

10. Consider the statement that is followings):

We. Budget could be the process of planning business quotes

II. Budgetary control could be the methods to achieve performance based on spending plan

Which associated with statements that are following correct about spending plan, cost management & budgetary control?

C. Both We and II

D. Neither I nor II

Ans: B

11. Consider the next statement (s) is/are true about spending plan, budgeting & budgetary control.

I. Budgetary control is just a wider concept whereas Budget and cost management are narrower principles

II. Budget is the procedure of planning company quotes.

Which associated with after statements is/are proper?

C. Both We and II

D. Neither I nor II

Ans: A

12. In accordance with the 2018-19 budget message of Arun Jaitley, India has reached 3rd ranking based on just just what?

A. Purchasing Power Parity (PPP)

B. Gross domestic item (GDP)

C. Agricultural Prodution

D. Foreign Direct Investment (FDI)

Ans: A