Expected Questions from Union Budget 2014-15 1.Union Budget of India is referred to as the Annual Financial Statement in which ariticle of the Constitution of India ? Ans : Article 112 2.Which Finance Minister presented the budget ten times, the most by any in Parliament ? Ans : Morrji Desai (8 Budgets and 2 Interims) Indian Government provides ____________crore for rehabilitation of displaced Kashmiri migrants as announced in Union Budget 2014-15? Ans : Rs 500 3.Crisis Management Center for women will be open at? Ans : Delhi 4.Name the Finance minister of India who has presented the Union Budget 2014 in Parliament on 10th July 2014 ? Ans : Arun Jaitley 5.Who has presented the First Union Budget of Independent India on 26th November 1947 ? Ans : R. K. Shanmukham Chetty 6.Amount allotted for the project of developing 100 Smart Cities? Ans : Rs. 7,060 crore 7.Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to __________ ? Ans : Rs 15,000 8.Housing loan interest rate deduction limit has been increased to? Ans : 2 lakhs 9.Finance Minister has put forth aim to achieve __________ per cent economic growth rate in next 3-4 years? Ans : 7-8 % 10.On which day the Union Budget presented in Loksabha normally ? Ans : Last working day of February by the Finance Minister 11.Agriculture University announced in Budget will be set up at? Ans : Andhra Pradesh & Rajasthan 12.On 29th February 1964 and 1968, who became the only Finance minister to present the Unoin Budget on his birthday ? Ans : Morarji Desai 13.Who were the three Prime Ministers who presentedthe Budget in Parliament as they were holding the Finance Ministry portfolio? Ans :Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi 14.What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014- 15? Ans : 3.6% of GDP 15.How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)? Ans : Rs. 500 crore 16.Investment limit under Section 80C has also been increased to ....... from existing 1 lakhs in Budget 2014? Ans : 1.5 lakhs 17.When will the Budget come to effect every financial year ? Ans : 1st April 18.How many new IIMs have been announced in Union Budget 2014? Ans : 5 (in HP, Punjab, Bihar, Odisha and Rajasthan) 19.What does Vote on Account deals with ? Ans : Expenditure side of the Governments budget 20.According to the Union Budget 2014-15, what is the projected fiscal deficit for 2014-16 as outlined by the Road map for fiscal consolidation ? Ans : 3.6 % 21.Until the year 2000, at which time Union Budget was presented in Lok Sabha? Ans : 5.00 PM 22.From the year 2001 Union Budget was started announcing at 11 am. Who presented the first budget at 11 am in 2001? Ans : Yashwant Sinha 23.In Union budget 2014 FDI cap in Defense and Insurance sector has been increased to _______% from 26%? Ans : 49% 24.Fund set aside for PSU banks capitalization? Ans : Rs 11,200 crore 25.According to the Unoin Budget 2014, India will achieve total sanitation by which year ? Ans : 2019 26.Minimum pension increased to ___________ per month in Budget 2014? Ans : Rs 1,000 27.Income tax exemption limit for senior citizens has been raised to ________ in Budget 2014? Ans : 3 lakhs 28.Which scheme will be introduced at 9 airports in thecountry as announced in Budget 2014? Ans : E-visa 29.Govt proposed to set up how many smart cities in Union Budget 2014? Ans : 100 30.Which new programme was announced in the Union Budget 2014-15 to give impetus to0 watershed development in the country ? Ans : Neeranchal 31.Plan expenditure pegged at _________ lakh crore? Ans : Rs 5.75 32.Non-plan expenditure pegged at _________ crore? Ans : Rs 12.19 lakh 33.How much fund has been provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation? Ans : 1000 crore 34.According to the Union Budget 2014-15, Employment exchanges will be transformed into career centres. What is the corpus of provision made in this regard ? Ans : Rs. 100 Crore 35.The Union Budget 2014-15 has announced the development of one Hundred Smart Cities. The allocated budget for this is ? Ans : Rs. 7060 Crore 36.The tax exemption limit has been increased to __________ lakhs from existing 2 lakhs in Budget 2014? Ans : 2.5 lakhs 37.The Union Budget 2014-15 has announced to set up National Academy for Customs & Excise at Hindupur. Hindupu is located in which state ? Ans : Andhra Pradesh 38.How many new IITs have been announced in Union Budget 2014? Ans : 5 (in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala) 39.How many new AIIMs have been announced in Union Budget 2014? Ans : 4 (Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh) 40.The union budget 2014-15 announced to set up a Hastkala Academy for the preservation, revival, and documentation of the handlom / handicraft sector in PPP mode in ? Ans : Delhi
Posted on: Sun, 24 Aug 2014 10:34:47 +0000