Here is some of the objective questions (MCQs) that can be asked in upcoming exams from budget 2014. Do read it, i am not providing options, just direct answer, to avoid confusions. Here we go :).
1. This is not Union Budget of financial year 2014-15, its Interim Budget 2014. it will be valid for next 4 month. As after that new government will come in power, after election 2014. This is last budget of UPA - 2.
2. What was the fiscal deficit in the year 2013-14? - 4.6%.
3. Is there any change in Tax Slab? - No, no change in Tax slab, all are continued as per previous year.
4. How much increase in defence budget of india? - The defence budget is increased by 10% to Rs 2.24 lakh crore.
5. How many percentage change in Excise duty of SUVs (sports utility vehicle) ? - The excise duty on SUVs are decreased to 24% from 30%.
6. What is Excise Duty on all other products? (capital goods ) - The excise duty (import duty) is now reduced to 10% from 12%. (so mobiles, TV, bikes and small cars will be cheaper).
7. Budget for the Railway support increased by? - it is now raised to 29,000 cr.
8. How many mega volt electricity added? - In last fiscal year, government has added 29,000 MW of power capacity.
9. Total Export in year 2013-14? - $326 billion Exports are done in last financial year.
10.Agriculture GDP growth increased to 4% during UPA II.
11. What was overall GDP rate in year 2013-14? - 4.9 per cent.
12.How many woman's have been provided the Self Help Groups? - Only 41,16,000 (41 Lakh, 16 Thousand).
13. Rs.100cr for Technical Development in india.
14.Growth in Q3 and Q4 FY14 will be at least 5.2 per cent.
15. Foodgrain production estimated at 263 million tons in 2013-14.
16. More 1 million jobs (10 lakh) to be created in next year.
17. CAD (current account deficit) will be contained $45 million.
18. Rs 65,000 crore for fuel subsidies (Diesel and petrol price to go down).
19. Indian Finance minister Palaniappan Chidambaram has announced the budget.
1. This is not Union Budget of financial year 2014-15, its Interim Budget 2014. it will be valid for next 4 month. As after that new government will come in power, after election 2014. This is last budget of UPA - 2.
2. What was the fiscal deficit in the year 2013-14? - 4.6%.
3. Is there any change in Tax Slab? - No, no change in Tax slab, all are continued as per previous year.
4. How much increase in defence budget of india? - The defence budget is increased by 10% to Rs 2.24 lakh crore.
5. How many percentage change in Excise duty of SUVs (sports utility vehicle) ? - The excise duty on SUVs are decreased to 24% from 30%.
6. What is Excise Duty on all other products? (capital goods ) - The excise duty (import duty) is now reduced to 10% from 12%. (so mobiles, TV, bikes and small cars will be cheaper).
7. Budget for the Railway support increased by? - it is now raised to 29,000 cr.
8. How many mega volt electricity added? - In last fiscal year, government has added 29,000 MW of power capacity.
9. Total Export in year 2013-14? - $326 billion Exports are done in last financial year.
10.Agriculture GDP growth increased to 4% during UPA II.
11. What was overall GDP rate in year 2013-14? - 4.9 per cent.
12.How many woman's have been provided the Self Help Groups? - Only 41,16,000 (41 Lakh, 16 Thousand).
13. Rs.100cr for Technical Development in india.
14.Growth in Q3 and Q4 FY14 will be at least 5.2 per cent.
15. Foodgrain production estimated at 263 million tons in 2013-14.
16. More 1 million jobs (10 lakh) to be created in next year.
17. CAD (current account deficit) will be contained $45 million.
18. Rs 65,000 crore for fuel subsidies (Diesel and petrol price to go down).
19. Indian Finance minister Palaniappan Chidambaram has announced the budget.
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