MCQs BASED ON UNION BUDGET 2017-18 – BROAD THEMES

MCQs BASED ON UNION BUDGET 2017-18

BROAD THEMES UNDER UNION BUDGET 2017-18

Q1. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for FARMERS?

  1. To ensure flow of credit to small farmers, Government to support NABARD for computerisation and integration of all 63,000 functional Primary Agriculture Credit Societies with the Core Banking System of District Central Cooperative Banks.
  2. Coverage under Fasal Bima Yojana scheme will be increased
  3. Dedicated Micro Irrigation Fund to be setup in NABARD to achieve ‘per drop more crop’
  4. Coverage of National Agricultural Market (e-NAM) to be expanded

Which of following statements are correct?

a. only 1

b. only 2 & 4

c. All

d. None of the above

Q2. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for RURAL POPULATION

  1. Government has taken up the task of connecting habitations with more than 100 persons in left wing extremism affected Blocks under PMGSY.
  2. Allocation for Pradhan Mantri Awaas Yojana – Gramin increased.
  3. Allocation for Prime Minister’s Employment Generation Program and Credit Support Schemes has been increased three fold.
  4. As part of a sub mission of the National Rural Drinking Water Programme (NRDWP), it is proposed to provide safe drinking water to over 28,000 arsenic and fluoride affected habitations in the next four years.

Which of following statements are correct?

a. only 1

b. only 2 & 4

c. 1,2 & 3

d. All of above

Q3. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for YOUTH

  1. SWAYAM platform, leveraging IT, to be launched with at least 350 online courses. to enable students to virtually attend courses taught by the best faculty.
  2. National Testing Agency to be set-up as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions.
  3. Pradhan Mantri Kaushal Kendras to be extended to more than 600 districts across the country.
  4. Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme (SANKALP) to be launched to provide market relevant training to 3.5 crore youth
  5. Next phase of Skill Strengthening for Industrial Value Enhancement (STRIVE) will also be launched.

Which of following statements are correct?

a. only 1

b. only 2 & 4

c. 1,2 & 3

d. All of above

Q4. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for THE POOR AND THE UNDERPRIVILEGED

  1. Mahila Shakti Kendra will be set up to provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition
  2. Under Maternity Benefit Scheme ` 6,000 each will be transferred directly to the bank accounts of pregnant women who undergo institutional delivery and vaccinate their children

Which of following statements are correct?

a. only 1

b. only 2

c. Both 1 & 2

d. None of the above

Q5. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for INFRASTRUCTURE

  1. Unmanned level crossings on Broad Gauge lines will be eliminated by 2020.
  2. By the end of 2017-18, high speed broadband connectivity on optical fibre will be available in more than 1,50,000 gram panchayats, under BharatNet.
  3. A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology
  4. A new and restructured Central scheme with a focus on export infrastructure, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18

Which of following statements are correct?

a. only 1

b. only 2 & 4

c. 1,2 & 3

d. All of above

Q6. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for FINANCIAL SECTOR?

  1. Foreign Investment Promotion Board to be re-introduced in 2017-18.
  2. A Computer Emergency Response Team for our Financial Sector (CERT-Fin) will be established
  3. In line with the ‘Indradhanush’ roadmap, ` 10,000 crores for recapitalisation of Banks provided in 2017-18
  4. Lending target under Pradhan Mantri Mudra Yojana to be set at ` 2.44 lakh crores. Priority will be given to Dalits, Tribals, Backward Classes and Women.

Which of following statements are correct?

a. only 1

b. 2,3 & 4

c. 1,2 & 3

d. All of above

Q7. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for DIGITAL ECONOMY?

  1. Aadhar Pay, a merchant version of Aadhar Enabled Payment System, to be launched.
  2. Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems

Which of following statements are correct?

a. only 1

b. only 2

c. Both 1 & 2

d. None of the above

Q8. In the light of Union Budget 2017, Consider the following statements in respect of initiatives taken for TRANSPARENCY IN ELECTORAL FUNDING

  1. Maximum amount of cash donation, a political party can receive, will be 2000/- from one person.
  2. Every political party would have to file its return within the time prescribed in accordance with the provision of the Income-tax Act
  3. Existing exemption to the political parties from payment of income-tax would be available only subject to the fulfilment of specific conditions

Which of following statements are correct?

a. only 1

b. only 2

c. 1,2 & 3

d. None of above

Q9. Which sector has been accorded infrastructure status under Union Budget 2017-18?

a. Affordable Housing

b. Health

c. Education

d. Irrigation

Q10. Which of the following is not one of the theme of Union Budget 2017-2018?

a. Tax Administration

b. Infrastructure

c. Farmers

d. Cattle Protection
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