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Union Budget
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1. According to
Union Budget 2016-17, Growth of Economy accelerated to what per cent in
2015-16
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- 7.6%
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2. According to
Union Budget 2016-17, foreign exchange reserves touched highest ever level of
about how much
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- $ 350 billion
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3. What is the
‘Clean Environment Cess’ rate in Union Budget 2016-17
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- Rs. 400 per
tonne
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4. What percent
of Krishi Kalyan Cess is introduced in the Union Budget 2016-17
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- 0.5%
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5. Krishi Kalyan
Cess will come into effect from ___________.-
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1 June 2016
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6. 13 cesses,
levied by various Ministries in which revenue collection is less than
__________ in a year to be abolished.-
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Rs. 50 Crore
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7. According to
Budget 2016-17, What percent is the penalty rate where there is misreporting
of facts
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- 200%
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8. In Budget
2016-17, Additional tax at the rate of 10% of gross amount of dividend will
be payable by the recipients receiving dividend in excess of ________.-
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Rs. 10 Lakh per
annum
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9. In the Union
Budget 2016-17, Finance Minister decided to raise the ceiling of tax rebate
under section 87A from Rs.2000 to ___________.-
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5000 rupees
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10. What amount
was allocated for Agriculture and Farmers’ welfare in Budget 2016-17
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- Rs. 35,984
crore
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11. Name the
newly announced irrigation scheme in Budget 2016-17 which will bring 28.5 lac
hectars under irrigation.-
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Pradhan Mantri
Krishi Sinchai Yojana
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12. In Budget
2016-17, finance minister announced to create a dedicated Long Term
Irrigation Fund in which financial organisation
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- NABARD
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13. In Budget
2016-17, finance minister announced to create a dedicated Long Term
Irrigation Fund in NABARD. What will be the initial corpus
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- 20,000 crore
rupees
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14. In Budget
2016-17, allocation under Pradhan Mantri Gram Sadak Yojana was increased to
______________.-
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19000 crore
rupees
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15. How much
amount was allocated under Prime Minister Fasal Bima Yojana
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- 5500 crore
rupees
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16. In Budget
2016-17, rupees 850 crore was allocated for how many dairying projects
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- 4
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17. How much was
allocated for rural sector
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- Rs. 87,765
crore
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18. In Budget
2016-17, how much amount was announced to be given as Grant in Aid to Gram
Panchayats and Municipalities
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- Rs. 2.87 lakh
crore
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19. In the Budget
2016-17, how much amount was allocated for MGNREGS
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- 38500 Crore
Rupees
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20. How many
Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban
Mission
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- 300
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21. In Budget
2016-17, it was announced that 100% village electrification will be completed
by _______.-
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1st May, 2018
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22. In Budget
2016-17, new scheme Rashtriya Gram Swaraj Abhiyan was proposed with
allocation of ________.-
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655 crore rupees
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23. How much
amount was allocated for social sector including education and health care
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- Rs.1,51,581
crore
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24. How much
amount was allocated for initial cost of providing LPG connections to BPL
families
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- Rs. 2000 crore
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25. Which health
service programme was announced in Union Budget 2016-17
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- National
Dialysis Services Programme
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26. How much
amount was allocated for the 350th Birth Anniversary of Guru Gobind Singh
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- 100 crore
rupees
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27. In the Budget
2016-17, it was announced that Higher Education Financing Agency to be set-up
with initial capital base of _________.-
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1000 crore rupees
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28. How much
amount was allocated for skill development
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- 1804 crore
rupees
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29. What percent
of contribution will government pay for all new employees enrolling in EPFO
for the first three years of their employment
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- 8.33%
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30. What was the
total outlay for infrastructure in Budget 2016-17
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- Rs. 2,21,246
crore
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31. GoI will pay
contribution of 8.33% for of all new employees enrolling in EPFO for ______.-
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First 3 Years
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32. GoI will pay
contribution of 8.33% for of all new employees enrolling in EPFO for the
first three years of their employment. How much was allocated for this
purpose
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- Rs. 1000 Crore
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33. How much
amount was allocated towards recapitalisation of Public Sector Banks
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- Rs. 25000 crore
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34. Which
programme was announced to launch which will connect people through exchanges
in areas of language, trade, culture, travel and tourism
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- “Ek Bharat
Shreshtha Bharat”
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35. According to
Budget 2016-17, withdrawal up to what percent of the corpus at the time of
retirement to be tax exempt in the case of National Pension Scheme (NPS)
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- 40%
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