Shakeel Anwar

Budget is absolutely nothing however a statement of expenditure and income. Based on 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 definition of budget hails from the old French term “Bougette” which means that bag. It really is a quantified economic plan for current, previous and future income and expenditure regarding the Central Government.

50 GK Questions on Union Budget & Economic Survey

1. Which associated with statement that is following proper 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 for the Constitution calls for the federal government presenting to Parliament a declaration of calculated receipts and spending according of each year that is financial.

Choose correct one:

D. Neither I nor II

Ans: A

2. Which of this following is related into the procedure Green’ objective?

A. Creation of tomato, onion and potatoes

B. Creation of tomato, chili and potatoes

C. Creation of pulses, onion and potatoes

D. Production of tomato, pulses and rice

Ans: A

3. Which associated with the following policy (Yojna) 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 ended up being proposed become moving to fix issues in infrastructure contracts, PPP and Public Utilities?

A. Ability 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. Organizations Amendment Bill

B. Shyama Prasad Mukherji Rurban Mission

D. NIRMAYA Scheme

Ans: D

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

We. The yearly statement of finance is split into three parts, consolidated fund, contingency investment and account that is public.

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

III. Article 112 associated with the Constitution calls for the federal government presenting to Parliament a declaration of predicted receipts and spending in respect of each economic 12 months.

Find the statement that is corrects):

Ans: D

7. Which associated with the after Yojna provided nominal premium and greatest ever payment 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 online installment loans michigan related towards the MUDRA Yojna.

We. It’s been 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 by having a credit that is pre-assigned in addition to payment tenure can be 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 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 may be the procedure of planning company quotes

II. Budgetary control may be the way to achieve performance based on spending plan

Which regarding the following statements is/are proper 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 a wider concept whereas Budget and cost management are narrower ideas

II. Budget may be the procedure of planning company estimates.

Which associated with statements that are following proper?

C. Both We and II

D. Neither I nor II

Ans: A

12. Based on the 2018-19 spending plan message of Arun Jaitley, Asia are at 3rd ranking based on exactly just what?

A. Purchasing Energy Parity (PPP)

B. Gross domestic item (GDP)

C. Agricultural Prodution

D. Foreign Direct Investment (FDI)

Ans: A