Shakeel Anwar

Budget is absolutely absolutely nothing but a declaration of expenditure and income. In accordance with Article 112 associated with the Constitution, “the Union Government lays a statement of the believed receipts and spending for that 12 months, from April 1 to March 31, before both the homes of Parliament”.

The definition of spending plan hails from the old French term “Bougette” this means bag. It’s a quantified economic plan for current, previous and future income and spending of this Central Government.

50 GK Questions on Union Budget & Economic Survey

1. Which associated with statement that is following proper about Budget?

We. It’s a declaration of budget for the period that is future aiming proposed expenditure and way of financing it.

II. Article 111 regarding the Constitution calls for the us government presenting to Parliament a declaration of believed receipts and spending according of each and every monetary 12 months.

Select 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. Production of tomato, pulses and rice

Ans: A

3. Which associated with 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 ended up being proposed become moving to resolve dilemmas 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. Service 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 to your yearly financial record (Budget)

We. The yearly financial record is split into three parts, consolidated fund, contingency investment and general public account.

II. All profits raised by the us government, cash lent and receipts from loans written by the federal government flow to the consolidated investment of Asia.

III. Article 112 of this Constitution calls for the us government presenting to Parliament a declaration of approximated receipts and expenditure in respect of each and every economic 12 months.

Find the proper statement (s):

Ans: D

7. Which regarding the after Yojna offered nominal premium and greatest ever compensation in the event of 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’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. Based on this joyna, loan is granted through Mudra bank card by 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 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 following statement (s):

We. Budget is the method of planning company quotes

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

Which associated with statements that are following 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 budget, budgeting & budgetary control.

We. Budgetary control is a wider concept whereas Budget and cost management are narrower principles

II. Budget is the method of planning company estimates.

Which for the after statements is/are correct?

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 rank on such basis as exactly just just what?

A. Purchasing Energy Parity (PPP)

B. Gross domestic item https://speedyloan.net/reviews/cashcall (GDP)

C. Agricultural Prodution

D. Foreign Direct Investment (FDI)

Ans: A