UNION-BUDGET 2014 2015 Question Bank

UNION-BUDGET 2014 2015 Question Bank

1) What is the proposed name of an integrated Ganga Development Project for which Rs. 2037 crore were allocated in the Union Budget 2014-15? – “Namami Ganga”

2) What is the proposed name of a new 24X7 channel for northeast region that was announced in the Union Budget 2014-15?

– “Arun Prabha”

3) Rs. 4200 crore were set for an ambitious Jal Marg Vikas Project on river Ganga in the Union Budget of 2014-15. This project would be established between which two places on Ganga covering a distance of 1620 km? – Allahabad (UP) and Haldia (West Bengal)

4) What is the name given to a dedicated TV channel for farmers that was announced in the Union Budget for 2014-15 and Rs. 100 crore was set aside for its establishment?

– Kisan Television (Kisan TV)

5) The fiscal deficit target for year 2015 (2014-15) has been retained at the level announced by former Finance Minister P.Chidambaram in his interim budget. What is this level?

– 4.1% of GDP (The fiscal deficit which had touched a high of 5.7% in 2011-12, was brought down to 4.8% in 2012-13 and further to 4.5% in 2013-14)

6) What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014-15?

– 3.6% of GDP

7) What is the targeted fiscal deficit for 2017 (year 2016-17) as announced in the Union Budget 2014-15? – 3.0% of GDP

8) How much foreign direct investment (FDI) in country’s defence sector was proposed in the Union Budget 2014-15 presented on 10 July 2014? – 49%

9) Investments under the most-important Section 80-C has been increased from Rs. 1 lakh to – Rs. 1.5 lakh (This means that the individuals would be able to invest upto Rs. 1.5 lakh under various heads available under Section 80-C)

10) The upper limit for savings in the Public Provident Fund (PPF) was raised to Rs. 1.5 lakh in the Union Budget 2014-15 presented on 10 July 2014. What was the upper limit for investment in PPF till now? – Rs. 1 lakh

11) The income tax exemption limit for individuals was raised from Rs. 2 lakh to

– Rs. 2.5 lakh (It was raised to Rs. 3 lakh for senior citizens)

12) The Crisis Management Center for Women (CMCW), that was proposed in the Union Budget 2014-15, would be established at?

– Delhi

13) How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)? – Rs. 500 crore

14) How much fund was allocated for creating smart cities in the Union Budget 2014-15 presented on 10 July 2014?

– Rs. 7,060 crore

15) The foreign direct investment (FDI) in insurance sector was increased from present 26% to what figure in the Union Budget 2014-15 presented on 10 July 2014? – 49%

16) What is the corpus size of the venture capital for small and medium enterprises (SMEs), which was proposed in the Union Budget 2014-15? – Rs. 10,000 crore

17) What special feature has been proposed for currency notes in the Union Budget 2014-15 presented on 10 July 2014?

– These currency notes will now also integrate Braille-features to benefit the visually-disabled people

18) 5 new Indian Institutes of Management (IIMs) have been proposed to be established in which 5 states of the country?

– Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra

19) Complete revamp of Indian Repository Receipts (IRR) was proposed in the Union Budget 2014-15. What is the new name proposed for IRR in the budget?

– Bharat Respository Receipts (BRR)

20) The National Industrial Corridor (NIC) that was proposed to be established in the Union Budget of 2014-15, will have its headquarters at which city? – Pune