MCQOPTIONS
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MCQOPTIONS
This section includes 11 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
In the Union Budget 2020, the Finance Minister announced the hike of bank deposit insurance from ______ to Rs. 5 lakh. |
| A. | Rs. 1 lakh |
| B. | Rs. 3 lakh |
| C. | Rs. 4 lakh |
| D. | Rs. 2 lakh |
| Answer» B. Rs. 3 lakh | |
| 2. |
As per the Union Budget 2020-21, the target of ₹1 lakh crore fisheries’ exports is to be achieved by _______. |
| A. | 2022-23 |
| B. | 2025-26 |
| C. | 2023-24 |
| D. | 2024-25 |
| Answer» E. | |
| 3. |
How many archaeological sites to be developed as the world class museum stated in the Budget 2020 ? |
| A. | 4 |
| B. | 3 |
| C. | 7 |
| D. | 5 |
| E. | 2 |
| Answer» E. 2 | |
| 4. |
As announced in the Union Budget, 2018-19, the Government of India fixes Minimum Support Price (MSP) of crops at a level of at least ______ times of the all India weighted average cost of production. |
| A. | 1.1 |
| B. | 1.7 |
| C. | 1.5 |
| D. | 1.2 |
| Answer» D. 1.2 | |
| 5. |
As per the Union Budget 2020, by when does India aim to achieve the eradication of tuberculosis? |
| A. | 2025 |
| B. | 2024 |
| C. | 2026 |
| D. | 2023 |
| Answer» B. 2024 | |
| 6. |
In India, which of the following is not a type of budget? |
| A. | Balanced |
| B. | surplus |
| C. | Losses |
| D. | Reserved |
| Answer» E. | |
| 7. |
As per the Union Budget 2020, which of the following taxes has been abolished? |
| A. | Dividend distribution tax |
| B. | Long term capital gains tax on securities |
| C. | Securities transaction tax |
| D. | Corporate tax |
| Answer» B. Long term capital gains tax on securities | |
| 8. |
As per the Union Budget 2016-2017, what percentage of FDI will be allowed through FIPB (Foreign Investment Promotion Board) route in marketing of food products produced and manufactured in India? |
| A. | 75% |
| B. | 100% |
| C. | 71.25% |
| D. | 29.5% |
| Answer» C. 71.25% | |
| 9. |
As per the Union Budget 2020, which of the following was NOT a component of the theme titled ‘Aspirational India’? |
| A. | Education and skills |
| B. | Wellness, water and sanitation |
| C. | Agriculture, irrigation and rural development |
| D. | Urban rejuvenation |
| Answer» E. | |
| 10. |
How much (in lakh crore) money is allocated for the Defence in the Budget 2020 ? |
| A. | 3.35 |
| B. | 4.37 |
| C. | 2.37 |
| D. | 3.39 |
| E. | 3.37 |
| Answer» F. | |
| 11. |
As per the new income tax regime announced in the Union Budget 2020, the tax rate for taxable income between Rs. 5 lakh to Rs. 7.5 lakh has been reduced to: |
| A. | 15% |
| B. | 5% |
| C. | 10% |
| D. | 20% |
| Answer» D. 20% | |