Budget MCQ Pdf | 200+ Union Budget 2021 Quiz Pdf

Current Affairs, Download / February 28, 2021

Budget MCQ Pdf | MCQ On Budget 2021 Pdf UPSC | Budget Quiz – Union Budget 2021 Is Presented On 1st February 2021 By Finance Minister Of India . Every year Union Finance Minister Present Budget on 1st Of February . Union Budget Is An Important Document For India . This Document Is very Important For Both Common Public As Well As Aspirants Who Are Preparing For Different Competitive Exams . Every year Questions Asked In Different Exams From Budget 2021 Make It very Important For All Aspirants .

Budget MCQ Pdf | MCQ On Budget 2021 Pdf UPSC | Budget Quiz

Budget MCQ Pdf | MCQ On Budget 2021 Pdf | Budget Questions And Answers

Questions – Budget MCQ Pdf | 200+ Union Budget 2021 Quiz Pdf
Q1. The total estimate of all relief measures announced by the government and the RBI so-far is?

  1. More than Rs 15 lakh cr
  2. More than Rs 20 lakh cr
  3. More than Rs 25 lakh cr
  4. More than Rs 30 lakh cr
Q2. The total estimate of all relief measures announced by the government and the RBI in % of GDP is?

  1. 10%
  2. 13%
  3. 15%
  4. 17%
Q3. A new scheme called PM Aatmanirbhar Swastha Bharat to be launched, an outlay of?

  1. Rs 64,180 cr
  2. Rs 62,180 cr
  3. Rs 74,180 cr
  4. Rs 62,180 cr
Q4. Which of the following statements regarding India’s debt to GDP is correct?

  1. Debt to GDP is more than 70%
  2. India’s external debt is more than internal debt.
  1. 1 only
  2. 2 only
  3. Both 1 & 2
  4. None of the above
Q 5. Which among the following is the biggest expenditure for the govt in FY22?

  1. Defense
  2. Centrally sponsored scheme
  3. Central sector scheme
  4. Interest payments
Q6 – Which among the following is the biggest source of revenue for the govt in FY22?

  1. Corporation tax
  2. GST
  3. Income tax
  4. Excise duty
Q 7 : How much is the Revenue & Capital expenditure of FY22?

  1. 5 lakh cr & 29.3 lakh cr
  2. 3 lakh cr & 5.5 lakh cr
  3. 4 lakh cr & 20 lakh cr
  4. None of the above
Q8.How many farmers are registered on eNAM markets?

  1. Less than 2 cr
  2. More than 2 cr
  3. More than 5 cr
  4. More than 10 cr
Q9.How much is the Defence Budget for FY22?

  1. 48 lakh cr
  2. 58 lakh cr
  3. 68 lakh cr
  4. 78 lakh cr
Q10.How many income tax return filed in 2020?

  1. 2.48 cr
  2. 6.48 cr
  3. 5.48 cr
  4. 3.48 cr
Q11.Who presents Budget in Parliament?

  1. Prime Minister
  2. Finance Minister
  3. Home Minister
  4. President of India
  5. Defence Minister
Q12. How many times Nirmala Sitharaman presented the budget in parliament?

  1. 5
  2. 1
  3. 3
  4. 4
  5. 2
Q13.Who presented India’s first-ever budget?

  1. James Wilson
  2. Jawaharlal Nehru
  3. Lord Mountbatten
  4. C Rajagopalachari
  5. None of the above
Q14.Budget 2021-22 proposals to rest on six pillars. Which of the following is not among them?

  1. Health & well being
  2. Minimum Government, Maximum Governance
  3. Innovation and R&D
  4. Inclusive Development for Aspirational India
  5. Agricultural Development
Q15. What is the total budget outlay for health & well being?

  1. 3.21 lakh crore
  2. 2.23 lakh crore
  3. 5.06 lakh crore
  4. 1.89 lakh crore
  5. 4.35 lakh crore
Q16.According to the budget, how much amount is allocated for Covid Vaccine?

  1. 20,000 crore
  2. 15,000 crore
  3. 35,000 crore
  4. 30,000 crore
  5. 25,000 crore
Q17. How much amount is allocated for PM Atmanirbhar Swasth Bharat Yojana?

  1. 64,180 crore
  2. 89,634 crore
  3. 70,000 crore
  4. 65,000 crore
  5. 72,237 crore
Q18.In Union Budget 2021, how much amount is allocated for Railways?

  1. 1,00,000 crore
  2. 3,25,000 crore
  3. 1,10,055 crore
  4. 2,30,345 crore
  5. 30,55,000 crore
Q19.A national rail plan has been prepared by Indian Railways for India. The plan is to create a future-ready railway system by

  1. 2030
  2. 2025
  3. 2035
  4. 2040
  5. 2050
Q20. Ujjawala Scheme has been extended to how many more districts?

  1. 150
  2. 110
  3. 120
  4. 160
  5. 100
Q21.How much amount is allocated for tea workers in Assam & West Bengal?

  1. 2000 crore
  2. 1000 crore
  3. 3000 crore
  4. 2500 crore
  5. 1500 crore
Q22.How much Custom duty on cotton and auto parts increased respectively?

  1. 20% & 10%
  2. 10% & 25%
  3. 10% & 15%
  4. 25% & 30%
  5. 15% & 20%
Q23.According to Union Budget 2021, gross borrowing from the market for the next year would be around

  1. 12 lakh crore
  2. 15 lakh crore
  3. 10 lakh crore
  4. 16 lakh crore
  5. 13 lakh crore
Q24.The forthcoming census would be the first digital census in the history of India. How much amount is allocated for this in 2021-22?

  1. 2,654 crore
  2. 4,973 crore
  3. 2,872 crore
  4. 3,768 crore
  5. 4,675 crore
 Q25.How much customs duty on solar lanterns has been reduced?

  1. 4%
  2. 7%
  3. 6%
  4. 5%
  5. 3%
Where does the tribal museum is going to set up?

  1. Jharkhand
  2. Maharashtra
  3. Bihar
  4. Himachal Pradesh
  5. Assam

 
Q26.How many higher education institutes will have apprenticeship programs by March 2021?

  1. 100
  2. 180
  3. 200
  4. 115
  5. 150
Q27. As per the budget 2020, how many taxpayers have been added to GST?

  1. 7 million
  2. 5 million
  3. 10 million
  4. 8 million
  5. 6 million
Q28. How much amount is announced for National Infrastructure pipeline projects?

  1. 110 lakh crore
  2. 127 lakh crore
  3. 99 lakh crore
  4. 103 lakh crore
  5. 117 lakh crore
Q29. By which year India will have the largest working-age population in the world?

  1. 2025
  2. 2024
  3. 2030
  4. 2050
  5. 2028
Q30. How much percentage is raised for Customs duty on auto and auto parts?

  1. 15%
  2. 10%
  3. 20%
  4. 25%
  5. 5%
Q31.The total capital expenditure pegged for FY22?

  1. Rs 1.54 lakh cr
  2. Rs 2.54 lakh cr
  3. Rs 4.54 lakh cr
  4. Rs 5.54 lakh cr
Q32. The total expenditure pegged for FY22?

  1. Rs 30.83 lakh cr
  2. Rs 32.83 lakh cr
  3. Rs 34.83 lakh cr
  4. Rs 36.83 lakh cr
Q32 How many schools to be qualitatively strengthened under National Education Policy?

  1. 5000
  2. 10000
  3. 15000
  4. 20000
Q33 FM announced Rs 1,000 crore for the tea workers of which state?

  1. Kerala & Tamil Nadu
  2. Assam & West Bengal
  3. Kerala & Karnataka
  4. Assam and Meghalaya
 Q34 Central University to be set up in which among the following state/UT?

  1. J&K
  2. Leh
  3. Punjab
  4. Lakshadweep
Q35 Nirmala Sitharaman announced an allocation of Rs 300 crore to which state for celebrating the 60th anniversary of the liberation?

  1. Daman & Diu
  2. Puducherry
  3. Andaman & Nicobar
  4. Goa
Q36 Govt proposed deep ocean mission with an outlay of?

  1. Rs 2,000 cr over 2 years
  2. Rs 4,000 cr over 5 years
  3. Rs 2,000 cr over 5 years
  4. Rs 4,000 cr over 2 years
Q37 How much of Agri infra cess has been imposed on alcoholic beverages?

  1. 20%
  2. 50%
  3. 75%
  4. 100%
Q38 What has been the change in I-T slabs?

  1. Tax exemption up to 2 lakh
  2. Tax exemption up to 4 lakh
  3. Tax exemption up to 6 lakh
  4. No change in tax slab
Q39 The government has proposed how much farm cess of on petrol & diesel?

  1. Rs 1/litre on petrol, Rs 2 on diesel
  2. Rs 2.5/litre on petrol, Rs 4 on diesel
  3. Rs 5/litre on petrol, Rs 10 on diesel
  4. Rs 7.5/litre on petrol, Rs 12.5 on diesel
Q40.NIP Project pipeline expanded to how many projects?

  1. 5000 projects
  2. 6700 projects
  3. 7400 projects
  4. 9200 projects
Q41 How much has been earmarked for a scheme for financial incentives for digital payments?

  1. Rs 1,000 cr
  2. Rs 1,500 cr
  3. Rs 2,000 cr
  4. Rs 2,500 cr
Q42 Capital gains exemption for startup investment extended by how many more years?

  1. 1 year
  2. 3 year
  3. 5 year
  4. 7 year
Q43 How many new Sainik schools will be set up in partnership with NGOs, private schools, and states?

  1. 25
  2. 50
  3. 75
  4. 100
Q44 FM has announced to protect whom from double taxation?

  1. Foreigners
  2. NRIs
  3. Indian citizens
  4. All of the above
Q45 The Central Government has proposed to reduce the time allowed to re-open tax investigation to what year?

  1. 5 years vs 10 years
  2. 3 years vs 8 years
  3. 3 years vs 6 years
  4. 5 years vs 8 years
Q46 The need to file IT returns for which age of senior citizens has been abolished?

  1. Above 60 years
  2. Above 65 years
  3. Above 70 years
  4. Above 75 years
Q47 The total outlay for agriculture and rural sector for the FY21-22 will be?

  1. Rs 10.5 lakh crore
  2. Rs 12.5 lakh crore
  3. Rs 14.5 lakh crore
  4. Rs 16.5 lakh crore
Q48 The govt aims to reach a fiscal deficit below 4.5% by?

  1. FY24
  2. FY25
  3. FY26
  4. FY27
Q49 Fiscal deficit pegged for Financial Year 2021-22 and for 2020-21?

  1. 8% & 8.5%
  2. 6% & 9%
  3. 8% & 9.5%
  4. 5% & 8%
Q50 How much amount was paid to farmers for wheat procurement in 2020-21?

  1. Rs 25,000 cr
  2. Rs 50,000 cr
  3. Rs 75,000 cr
  4. 1 lakh cr

 

 

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