50 GK Questions on Union Budget & Economic Survey | Latest study 2019
Shakeel Anwar
Budget is absolutely absolutely absolutely nothing but a declaration of earnings and spending. In accordance with Article 112 of this Constitution, “the Union Government lays a statement of the calculated receipts and spending for that from April 1 to March 31, before both the Houses of Parliament” year.
The word spending plan hails from the old French term “Bougette” this means bag. It’s a quantified plan that is financial current, previous and future income and spending regarding the Central Government.
50 GK Questions on Union Budget & Economic Survey
1. Which associated with statement that is following correct about Budget?
We. It really is a declaration of budget for a period that is future aiming proposed expenditure and way of funding it.
II. Article 111 associated with Constitution calls for the federal government presenting to Parliament a declaration of predicted receipts and spending according of any year that is financial.
Choose correct one:
D. Neither I nor II
Ans: A
2. Which regarding the following is related towards the procedure Green’ objective?
A. Manufacturing 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 policy that is followingYojna) bring 5 lakh acres under natural agriculture?
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 had been proposed become moving to fix issues in infrastructure contracts, PPP and Public Utilities?
A. Skill Development Programme
B. Businesses 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. Organizations Amendment Bill
B. Shyama Prasad Mukherji Rurban Mission
D. NIRMAYA Scheme
Ans: D
6. Consider the statement that is followings) is/are related towards the yearly statement of finance (Budget)
We. The yearly financial record is split into three parts, consolidated fund, contingency investment and account that is public.
II. All profits raised by the federal government, cash lent and receipts from loans provided by the federal government movement to the fund that is consolidated of.
III. Article 112 associated with the Constitution calls for the federal government presenting to Parliament a declaration of calculated receipts and spending according of each and every year that is financial. installment loans mt
Choose the proper statement (s):
Ans: D
7. Which associated with the after Yojna provided premium that is nominal greatest ever settlement in case there is 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 following statement (s) is/are related into the MUDRA Yojna.
We. It was at first created as being a wholly owned subsidiary of Small Industries Development bank of Asia (SIDBI) with 100% capital being added by it.
II. In accordance with this joyna, loan is granted through Mudra charge card having a pre-assigned borrowing limit in addition to payment tenure is really as high as 7 years.
Code:
C. Both We and II
D. Neither I nor II
Ans: C
9. Which associated with the scheme that is following associated with 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 is the method of preparing company quotes
II. Budgetary control could be the way to achieve performance on such basis as spending plan
Which for the 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.
We. Budgetary control is just a wider concept whereas Budget and cost management are narrower principles
II. Budget may be the procedure of planning company quotes.
Which regarding the statements that are following proper?
C. Both I and II
D. Neither I nor II
Ans: A
12. Based on the 2018-19 spending plan message of Arun Jaitley, Asia reaches 3rd ranking based on exactly exactly just what?
A. Purchasing Energy Parity (PPP)
B. Gross domestic item (GDP)
C. Agricultural Prodution
D. Foreign Direct Investment (FDI)
Ans: A