Budget 2018 – Best 50 Expected Questions/Answers Free PDF/Video Download

Q1) Which body in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers will get adequate price for their produce?

1) NAFED
2) NABARD
3) Niti Aa yog

Q2) How many rural haats will be developed and upgraded into Gramin Agricultural Markets (GrAMs)?
1) 30,000
2) 10,000
3) 19.000
4) 22,000

Q3) Task of connecting all eligible habitations with an allweather road has been substantially completed, with the target date brought forward to ______from March 2022. ?
1) March 2018
2) March 2019
3) March 2020

Q4) Food Processing sector is growing at an average rate of _____ per annum?
1) 10%
2) 8%
3) 1

Q5) Which yojana has been declared in the budget for boosting investment in food processing?
1) Prime Minister Krishi Sampada Yojana
2) Prime Minister Krishi Unnati Yojana
3) Prime Minister Kisan Vikas Yojana

Q6) Which operation has been launched to promote Farmer Producers Organizations (FPOs), agri-logistics, processing facilities and professional management. ?
1) Operation Farming
2) Operation Greens
3) Operation Agri

Q7) state-of the-art testing facilities will be set up in how many Mega Food Parks?
1) 50
2) 38
3) 42
4) 22

Q8) The facility of Kisan Credit Cards has been extended to which two sections of the society in order to help them meet their working capital needs. Small and marginal farmers will get more benefits?
1) Fisheries & Animal Husbandry Farmers
2) Fisheries and livestock farmers
3) Palm oil and Cocoa Farmers

Q9) Which is considered as Green Gold in the Budget Section?
1) Palm trees
2) Bamboo trees
3) Cardamom Tree

Q10) what is the new target under Prime Minister’s Ujjwala Scheme to provide free gas connection to women?
1) 5 Crore
2) 8 Crore
3) 7 crore
4) 6 crore

Q11) The loans to SHGs will increase to `75,000 crore by which year?
1) March 2018
2) March 2019
3) March 2020
4) March 2021

Q12) Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani will be taken up in 96 deprived irrigation districts where less than ________ of the land holdings gets assured irrigation presently?
1) 25%
2) 30%
3) 20%
4) 15%

Q13) The Government is committed to provide the best quality education to the tribal children and it has been decided that by the year 2022, every block with more than ________ST population will have an Ekalavya Model Residential School.
1) 30%
2) 50%
3) 40%
4) 55%

Q14) To step up investments in research and related infrastructure in premier educational institutions, including health institutions a major initiative named ‘‘Revitalising Infrastructure and Systems in Education (RISE) will be launched by year _____?
1) 2019
2) 2020
3) 2022
4) 2021

Q15) The Govt would identify 1,000 best B.Tech students each year from premier institutions and provide them facilities to do Ph.D in IITs and IISc, with a handsome fellowship under which scheme ?
1) Prime Minister’s fellowship scheme
2) Prime Minister’s Research Fellows (PMRF) Scheme
3) Prime Minister’s Higher Education Scheme

Q16) Under National Health Protection Scheme govt will cover 10 crore poor and vulnerable families providing coverage up to ________rupees per family per year for secondary and tertiary care hospitalization?
1) 2 lakh
2) 5 lakh
3) 3.5 lakh
4) 4 lakh

Q17) In order to curb TB the Govt will provide how much rupees per month to all the TB patients during their duration of treatment?
1) Rs 600
2) Rs 1000
3) Rs 500
4) Rs 850

Q18) which scheme is launched for management and conversion of cattle dung and solid waste in farms to compost, fertilizer, bio-gas and bio-CNG?
1) Gau- Dhan
2) GOBAR – Dhan
3) Waste Decompose Scheme
4) Bio – fertilizer scheme

Q19) Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) has benefitted 5.22 crore families with a life insurance cover of `2 lakh on payment of a premium of only `______per annum.
1) 400/-
2) 330/-
3) 280/-
4) 500/-

Q20) It is proposed to onboard ______and _______on Trade Electronic Receivable Discounting System (TReDS) platform and link this with GSTN?
1) Nafed & Corporates
2) PSBs& Corporates
3) Pvt Companies & Agriculture
4) Agriculture & Public Banks

Q21) It is proposed to set a target of _____crore for lending under MUDRA for 2018-19 after having successfully exceeded the targets in all previous years.
1) 3 lakh
2) 2 lakh
3) 2.5 lakh
4) 3.8 lakh

Q22) An independent study conducted recently has shown that how many formal jobs will be created this year?
1) 50 lakh
2) 60 lakh
3) 45 lakh
4) 70 lakh

 
Q23) Government will contribute _____of the wages of the new employees in the EPF for all the sectors for next three years.
1) 12.5%
2) 11 %
3) 12%
4) 9%

Q24) Under Proposed amendment to Employees Provident Fund and Miscellaneous Provisions Act, 1952, the contribution of women’s employee in EPF has been reduce to what %?
1) 9 %
2) 10%
3) 8%
4) 11%

Q25) The Government has proposed to take up construction of tunnel under which pass?
1) Nathu La pass
2) Shipki La pass
3) Sela Pass
4) Diphu Pass

Q26) An Institute is coming up at which city to train manpower required for high speed rail projects?
1) Pune
2) Vadodara
3) Ahmedabad
4) Nasik

Q27) SEBI will also consider mandating, beginning with large Corporates, to meet about _____of their financing needs from the bond market?
1) 50 %
2) 25 %
3) 35%
4) 12%

Q28) ______ will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications.
1) ISRO
2) IITs
3) NITI Aayog
4) Google

Q29) The disinvestment target of `for 2018-19 is?
1) 75,000 Crore
2) 80,000 Crore
3) 60,000 crore
4) 50,000 crore

Q30) Which scheme will be revamped to enable people to open a hassle-free Gold Deposit Account?
1) Gold Account Scheme
2) Valuable assest Scheme
3) Gold Monetization Scheme
4) Gold Scheme

Q31) The emoluments of the President, the Vice President and the Governors are revised at _______, _________ & ______?
1) 6 lakh, 5 lakh, 4 lakh
2) 5.5 lakh, 4 lakh, 3.5 lakh
3) 5 lakh, 4 lakh, 3.5 lakh

Q32) The law will provide for automatic revision of emoluments for Members of Parliament every _____
years indexed to inflation?
1) 4 years
2) 5 years
3) 3 years
4) 6 years

Q33) Our country will commemorate ____birth anniversary of Mahatma Gandhi, Father of the Nation, from 2nd October, 2019 to 2nd October 2020.
1) 148th
2) 149th
3) 150th
4) 151

Q34) Revised Fiscal Deficit estimates for 2017-18 are `5.95 lakh crore at _____of GDP?
1) 3.2%
2) 3.5%
3) 3.3%
4) 3.4%

Q35) Fiscal Deficit for the year 2018-19 has been projected at ____ % of the GDP
1) 3.3%
2) 3.1%
3) 3%
4) 3.2%

Q36) To harness the benefit of emerging new technologies, particularly the ‘Fifth  Generation’ (5G) technologies and its adoption, the Department of Telecom will support establishment of an indigenous 5G Test Bed at which IIT?
1) Lucknow
2) Chennai
3) Kanpur
4) Guwahati

Q37) The Government has approved listing of ____Central Public Sector Enterprisesv(CPSEs), including ____ insurance companies, on the stock exchanges.
1) 13, 3
2) 14, 2
3) 16, 5
4) 11, 5

Q38) Three public sector general insurance companies National Insurance Company Ltd., United India Assurance Company Limited and _______________will be merged into a single insurance entity
and will be subsequently listed.
1) PNB met life Insurance company Ltd
2) New India Assurance company Ltd
3) Oriental India Insurance Company Limited

Q39) The growth in direct taxes up to 15th January, 2018 is _____?
1) 15 %
2) 18.7%
3) 19.5%
4) 15.7%

Q 40) In simple terms tax buoyancy of 1.1 means that if nominal GDP growth rate of the country is 10%, the growth rate of personal income tax is _______ %?
1) 12%
2) 11%
3) 10%
4) 11.11%

Q41) The benefit of reduction of corporate tax has been extended also to companies who have reported turnover up to `________in the financial year 2016-17.
1) 100 Cr
2) 250 Cr
3) 150Cr
4) 75 Cr

Q42) The salaried tax payer paid total tax of `1.44 lakh crores which works out to average tax payment of `_____per individual salaried taxpayer
1) 76,306/-
2) 75,000/-
3) 74,849/-
4) 79,000/-

Q43) To provide relief to salaried taxpayers a standard deduction of ___________ is allowed in lieu of the present exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses.
1) 50,000/-
2) 45,000/-
3) 40,000/-
4) 30,000/-

Q44) The standard deduction given to the salaried employees will cost government the revenue cost of approximately `________?
1) 7,000 Cr
2) 8,000 Cr
3) 6,000 Cr
4) 5,000 Cr

Q45) For senior citizens, Exemption of interest income on deposits with banks and post offices to be increased from `10,000/- to `_________and TDS shall not be required to be deducted on such income, under section 194A.
1) 50,000
2) 40,000
3) 15,000
4) 25,000

Q46) All senior citizens will now be able to claim benefit of deduction up to `_________per annum in respect of any health insurance premium and/or any general medical expenditure incurred
1) 1,00,00/-
2) 50,000/-
3) 45,000/-
4) 60,000/-

Q47) Raising the limit of deduction for medical expenditure in respect of certain critical illness from, `60,000/- in case of senior citizens and from `80,000/- in case of very senior citizens, to `______in respect of all senior citizens, under section 80DDB.
1) 1,00,00/-
2) 90,000/-
3) 1,20,000/-
4) 1,50,000/-

Q48) Pradhan Mantri Vaya Vandana Yojana up to which year under which an assured return of 8% is given by Life Insurance Corporation of India.? 
1) March, 2022
2) March, 2020
3) March, 2021
4) March,2019

Q49) A concession for non-corporate taxpayers operating in IFSC has been provided in which they shall be charged Alternate Minimum Tax (AMT) at concessional rate of _________% at par with Minimum Alternate Tax (MAT) applicable for corporates.
1) 8%
2) 9%
3) 10%
4) 11%

Q 50) in order to have audit trail of the expenses incurred by NGO & institutions , it is proposed that payments exceeding `1______/- in cash made by such entities shall be disallowed and the same shall be subject to tax.
1) 20,000/-
2) 10,000/-
3) 40,000/-
4) 50,000/-

Q51) The govt has proposed to tax such long term capital gains exceeding `1 lakh at the rate of ______ % without allowing the benefit of any indexation.
1) 10%
2) 8%
3) 7.5%
4) 6.5%

Q52) The existing three per cent education cess has been increased by what per cent?
1) 2%
2) 1%
3) 0.55
4) 1.55

Q53) customs duty on mobile phones has been increased from 15% to _____?
1) 17%
2) 20%
3) 18%

Q54) To help the cashew processing industry, govt has reduced customs duty on raw cashew from 5% to what per cent?
1) 4%
2) 3.5%
3) 2.5%
4) 3%

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