Union Budget 2018-19 Q & APDF

Union Budget 2018-19 Questions & Answers PDF

AGRICULTURE
1.Minimum Support Price (MSP) for all unannounced kharif crops and majority of Rabi Crops will be at least
____ times of their production cost?
1.2
2.3
3.1.5
4.2.5
5.None of these
Answer: 3.1.5

2.Volume of institutional credit for agriculture sector will be raised to _____ for the year 2018-19?
1.Rs. 11 lakh crore
2.Rs. 22 lakh crore
3.Rs. 12 lakh crore
4.Rs. 33 lakh crore
5.None of these
Answer: 1.Rs. 11 lakh crore

3.Total corpus forAnimal Husbandry Infrastructure Development Fund (AHIDF) and Fisheries and Aqua
culture Infrastructure Development Fund (FAIDF) will be?
1.Rs.10000crore
2.Rs.20000crore
3.Rs.15000crore
4.Rs.11000crore
5.None of these
Answer: 1.Rs.10000 crore; Animal Husbandry Infrastructure Development Fund (AHIDF) - for financing
infrastructure requirement of animal husbandry sector & Fisheries and Aqua culture Infrastructure Development Fund
(FAIDF) - for fisheries sector.

4.Financial outlay for “Operation Greens” that will address the challenge of price volatility of perishable
commodities like tomato, onion and potato will be?
1.Rs 50 Crore
2.Rs 7 Lakh Crore
3.Rs 500 Crore
4.Rs 1000 Crore
5.None of these
Answer: 3.Rs 500 Crore

5._____ has been allocated for organized cultivation of highly specialized medicinal and aromatic plants?
1.Rs400 crore
2.Rs 500 crore
3.Rs 200 crore
4.Rs 700 crore
5.None of these
Answer: 3.Rs 200 crore

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6.What is the allocation of Ministry of Food Processing in 2018-19?

1.Rs.1400crore
2.Rs.2100crore
3.Rs.5400crore
4.Rs.7600crore
5.None of these
Answer: 1.Rs.1400 crore

7.What is the outlay for Re-structured National Bamboo Mission?

1.Rs.1560crore
2.Rs.1000crore
3.Rs.1290crore
4.Rs.1210crore
5.None of these
Answer: 3.Rs.1290 crore; Re-structured National Bamboo Mission - to promote bamboo sector in a holistic manner

8.ArunJaitley referred to ____ as ”Green Gold”?

1.Spinach
2.Bamboo
3.Agri products
4.Vegetables
5.None of these
Answer: 2.Bamboo

9._______ has been allocated for 96 deprived irrigation districts Under Prime Minister Krishi Sinchai Yojna-
Har Khetko Pani?
1.Rs 2600 crore
2.Rs 96 lakh crore
3.Rs 1400 crore
4.Rs 5100 crore
5.None of these
Answer: 1.Rs 2600 crore

10.Facility of _____ will be extended to fisheries and animal husbandry farmers, to help them meet their
working capital needs?
1.Atal Pension Yojana
2.Kisan Credit Cards
3.SukanyaSamritiYojana
4.Saubhagya
5.None of these
Answer: 2.Kisan Credit Cards

11.All APMCs (Agricultural Produce Market Committee) will be connected to e-NAM network by ____?
1.March, 2018
2.April, 2018
3.May, 2018
4.June, 2018
5.None of these
Answer: 1.March, 2018; Existing 22000 rural haats will be developed and upgraded to Gramin Agricultural Markets
(GrAMs) which will be electronically linked to ‘National AgricultureMarket’ portal (e-NAM) and exempted from
regulations of agricultural produce market committee (APMCs).

12.Agri-Market Infrastructure Fund of _____ will be setup for developing and upgrading agricultural
marketing infrastructure in 22000 Grameen Agricultural Markets (GrAMs) and 585 APMCs?
1.Rs.2000crore
2.Rs.3000crore
3.Rs.4000crore
4.Rs.5000crore

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 Union Budget 2018-19 Q & APDF

5.None of these
Answer: 1.Rs.2000 crore

RURAL ECONOMY & LIVELIHOOD

13.In 2018-19, all Union Ministries will spend _____ for creation of livelihood and infrastructure in rural
areas?
1.Rs. 14.34 lakh crore
2.Rs. 1050 lakh crore
3.Rs.2100 lakh crore
4.Rs. 1015 lakh crore
5.None of these
Answer: 1.Rs. 14.34 lakh crore

14.Loans to Self Help Groups of women will increase to ____ by March, 2019?
1.Rs.25000crore
2.Rs.75000crore
3.Rs.45000crore
4.Rs.50000crore
5.None of these
Answer: 2.Rs.75000 crore

15.Allocation of National Rural Livelihood Mission has been increased to ____ in 2018-19?
1.Rs 4750 crore
2.Rs 5750 crore
3.Rs 3750 crore
4.Rs 2750 crore
5.None of these
Answer: 2.Rs 5750 crore

16.UnderUjjwala Scheme, free LPG connections will be given to ____ poor women?
1.10 crore
2.8 crore
3.6 crore
4.7 crore
5.None of these
Answer: 2.8 crore

EDUCATION AND SOCIAL PROTECTION

17.For 2018-19, estimated budgetary expenditure on health, education and social protection is _____?
1.Rs.2.38 lakh crore
2.Rs.1.38 lakh crore
3.Rs.3.24 lakh crore
4.Rs.5.62 lakh crore
5.None of these
Answer: 2.Rs.1.38 lakh crore

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18._____ will be set up by 2022 to provide the best quality education to the tribal children in their own
environment?
1.Gurukul Model Residential School
2.Pavithra Model Residential school
3.Ekalavya Model Residential School
4.New India Model Residenial School
5.None of these
Answer: 3.Ekalavya Model Residential School

19.What is the total investment for “Revitalising Infrastructure and Systems in Education (RISE) by 2022‟?
1.Rs. 10000 crore
2.Rs. 100000 crore
3.Rs. 5000 crore
4.Rs. 400000 crore
5.None of these
Answer: 2.Rs. 100000 crore; Objective RISE is to step up investments in research and related infrastructure in
premier educational institutions, including health institutions.

20.____ will be set up to look after the funding for “Revitalising Infrastructure and Systems in Education
(RISE) by 2022‟ initiative?
1.Higher Interest Financing Agency (HIFA)
2.Higher Education Financing Agency (HEFA)
3.Higher Education Funding Agency (HEFA)
4.Higher Education Fiscal Agency (HEFA)
5.None of these
Answer: 2.Higher Education Financing Agency (HEFA)

21.______ Scheme will be launched, under which, 1000 best B.Tech students will be identified each year and
will be provided facilities to undertake Ph.D in IITs and IISc?
1.Prime Minister’s Research Fellows (PMRF)
2.Prime Minister’s Research Fund (PMRF)
3.Prime Minister’s Reserve Fund (PMRF)
4.Prime Minister’s Resident Fund (PMRF)
5.None of these
Answer: 1.Prime Minister’s Research Fellows (PMRF)

HEALTH & SOCIAL PROTECTION

22.Mr. Jaitley announced National Health Protection Scheme to provide health coverage upto_____ to 10 crore
poor and vulnerable families?
1.1 lakh rupees
2.2 lakh rupees
3.3 lakh rupees
4.5 lakh rupees
5.None of these
Answer: 4.5 lakh rupees

23.______ has been committed for the National Health Policy, 2017, for bringing 1.5 lakh Health and Wellness
Centres closer to the homes of people?
1.Rs 1200 crore
2.Rs 2400 crore
3.Rs 3400 crore
4.Rs 5200 crore
5.None of these
Answer: 1.Rs 1200 crore

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24._____ has been allocated to provide nutritional support to all TB patients?

1.Rs.300crore
2.Rs.600crore
3.Rs.400crore
4.Rs.500crore
5.None of these
Answer: 2.Rs.600 crore

25.Nutritional support to all TB patients will be provided at the rate of ____ per 10 month for the duration of
their treatment?
1.Rs.500
2.Rs.150
3.Rs.290
4.Rs.300
5.None of these
Answer: 1.Rs.500

26.How many new Government Medical Colleges and Hospitals will be set up by upgrading existing district
hospitals in the country?
1.24
2.42
3.41
4.14
5.None of these
Answer: 1.24

27.What is the amount that has been allocated for 187 projects for for infrastructure development, rural
sanitation, river surface cleaning etc. under the Namami Gange Programme?
1.Rs. 15625 crore
2.Rs. 22567 crore
3.Rs. 16713 crore
4.Rs. 15663 crore
5.None of these
Answer: 3.Rs. 16713 crore

28.Allocation on National Social Assistance Programme for this year ____?

1.Rs. 9975 crore
2.Rs. 9261 crore
3.Rs. 1054 crore
4.Rs. 1234 crore
5.None of these
Answer: 1.Rs. 9975 crore

MEDIUM, SMALL AND MICRO ENTERPRISES (MSMES)

29.What amount has been allocated for giving credit support, capital and interest subsidy and for innovations
in MSMEs?
1.Rs. 2453 crore
2.Rs. 2345 crore
3.Rs. 3794 crore
4.Rs. 3763 crore
5.None of these
Answer: 3.Rs. 3794 crore

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30.For 2018-19, target of ____ has been set for lending Micro Units Development and Refinance Agency
(MUDRA) loans?
1.Rs. 3 lakh crore
2.Rs. 2 lakh crore
3.Rs. 2.5 lakh crore
4.Rs. 1.5 lakh crore
5.None of these
Answer: 1.Rs. 3 lakh crore

EMPLOYMENT GENERATION
31.Government will contribute ____ percent of the wages of the new employees in Employees Provident Fund
(EPF) for all the sectors for next three years?
1.12%
2.13%
3.11%
4.5.5%
5.None of these
Answer: 1.12%

32.It has been proposed to make amendments in the EPF and Miscellaneous Provisions Act, 1952 to reduce
women employees’ contribution to ____ for first three years of their employment?
1.7%
2.7.5%
3.8%
4.7.6%
5.None of these
Answer: 3.8%

33.Outlay for the textiles sector in 2018-19 will be _____?

1.Rs.5214crore
2.Rs.7148crore
3.Rs.2345crore
4.Rs.8976crore
5.None of these
Answer: 2.Rs.7148 crore

INFRASTRUCTURE DEVELOPMENT

34.For 2018-19 budgetary allocation on infrastructure has been increased to ____?

1.Rs.6.25 lakh crore
2.Rs.5.97 lakh crore
3.Rs7.25 lakh crore
4.Rs.2.45 lakh crore
5.None of these
Answer: 2.Rs.5.97 lakh crore

35.Approval for ____ road construction under Phase-I Bharatmala Programme has been granted?
1.35000 km
2.72000 km
3.34000 km
4.54000 km
5.None of these
Answer: 1.35000 km

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RAILWAYS

36.For 2018-19 Railways Capital Expenditure has been fixed at ____?

1.Rs.123456crore
2.Rs.456788crore
3.Rs.345688crore
4.Rs.148528crore
5.None of these
Answer: 4.Rs.148528 crore

AIR TRANSPORT
37.Under the ____ initiative, current airport capacity will be expanded by more than five times to handle a
billion trips a year?
1.NABH Airports
2.NABHNirvan
3.NABHNirman
4.NABHNewports
5.None of these
Answer: 3.NABH Nirman

38.56 unserved airports and 31 unserved helipads will be connected under the Regional connectivity scheme of?
1.UDAN (Ude Deshka Aam Nagrik)
2.Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
3.Pradhan Mantri Suraksha Bima Yojana (PMSBY)
4.Pradhan Mantri Jan Dhan Yojana (PMJDY)
5.None of these
Answer: 1.UDAN (UdeDeshkaAamNagrik)

DIGITAL ECONOMY
39.For 2018-19 allocation on Digital India programme has been doubled to ____?
1.Rs 3073 crore
2.Rs 4093 crore
3.Rs 2653 crore
4.Rs 7654 crore
5.None of these
Answer: 1.Rs 3073 crore

40.For 2018-19 ____ has been allocated for creation and augmentation of Telecom infrastructure?
1.Rs. 20000 crore
2.Rs. 30000 crore
3.Rs. 10000crore
4.Rs. 1000 crore
5.None of these
Answer: 3.Rs. 10000 crore

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DEFENCE
41.India’sdefence budget has been hiked by 7.81% to _____?
1.Rs 295511 crore
2.Rs 234568 crore
3.Rs 237684 crore
4.Rs 564546 crore
5.None of these
Answer: 1.Rs 295511 crore

42._____ will be brought out to promote domestic production by public sector, private sector and MSMEs?
1.Industry friendly Defence Production Policy 2018
2.Ecofriendly Defence Production Policy 2018
3.IndustrialDefenceProduction Policy 2018
4.Information Technology Defence Production Policy 2018
5.None of these
Answer: 1.Industry friendly Defence Production Policy 2018

FISCAL MANAGEMENT
43.The Budget Revised Estimates for expenditure in 2017-18 (net of GST compensation transfers to the States)
are _____?
1.Rs.21.57 lakh crore
2.Rs.41.50 lakh crore
3.Rs.32.43 lakh crore
4.Rs.12.45 lakh crore
5.None of these
Answer: 1.Rs.21.57 lakh crore; The Budget Revised Estimates for expenditure in 2017-18 are Rs.21.57 lakh crore
(net of GST compensation transfers to the States) as against the Budget Estimates of Rs.21.47 lakh crore.

44.ArunJaitley has projected a Fiscal Deficit of _____ of Gross Domestic Product (GDP) for the year 2018-19?
1.1.33%
2.3.4%
3.3.3%
3.5%
4.None of these
Answer: 3.3.3%

45.Companies registered as Farmer Producer Companies, with an annual turnover upto_____ will be eligible
for 100 % deduction on profit for a period of five years from financial year 2018-19?
1.Rs. 200 crore
2.Rs. 100 crore
3.Rs. 50 lakhs
4.Rs. 20 crore
5.None of these
Answer: 2.Rs. 100 crore

46.For Corporate Tax, it has been proposed to extend the reduced rate of 25 percent to companies reporting
turnover up to _____ in Financial Year 2016-17?
1.Rs. 500 crore
2.Rs. 250 crore
3.Rs. 750 crore
4.Rs. 100 crore
5.None of these
Answer: 2.Rs. 250 crore

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47.Salaried tax payers have been allowed a Standard Deduction of _____ in place of the present exemption
allowed for transport allowance and reimbursement of miscellaneous medical expenses?
1.Rs. 40,000
2.Rs. 50,000
3.Rs. 20,000
4.Rs. 25,000
5.None of these
Answer: 1.Rs. 40,000

48.Long Term Capital Gains exceeding _____ will be taxed at the rate of 10 percent?
1.Rs. 1 lakh
2.Rs. 2 lakh
3.Rs. 3 lakh
4.Rs. 4 lakh
5.None of these
Answer: 1.Rs. 1 lakh

49.The new cessaimed to take care of the education and health care needs of Below Poverty Line (BPL) and
rural families will be named as _____?
1.Education and Welfare Cess
2.Health and Welfare Cess
3.Health and Education Cess
4.Education and Development Cess
5.None of these
Answer: 3.Health and Education Cess

50.Customs duty on mobile phones has been increased from 15 percent to ____ percent?
1.18
2.20
3.25
4.28
5.None of these
Answer: 2.20

51.Education Cess and Secondary and Higher Education Cess on imported goods will be abolished and
replaced by Social Welfare Surcharge at the rate of _____ of the aggregate duties of Customs on imported
goods
1.10 percent
2.7 percent
3.8 percent
4.15 percent
5.None of these
Answer: 1.10 percent

52.It has been proposed to change the name of the Central Board of Excise and Customs (CBEC) to _____?
1.Central Board of Indirect Taxes and Customs (CBIC)
2.Central Board of Income Taxes and Customs (CBIC)
3.Central Board of Indirect Taxes and Excise (CBIE)
4.Central Board of Income Taxes and Excise (CBIE)
5.None of these
Answer: 1.Central Board of Indirect Taxes and Customs (CBIC)

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MISCELLANEOUS
53.Disinvestment target for 2018-19 is _____?
1.Rs.60000crore
2.Rs.70000crore
3.Rs.80000crore
4.Rs.90000crore
5.None of these
Answer: 3.Rs.80000 crore

54.Which of the following Public Sector Insurance companies will be merged into a single insurance entity?
1.National Insurance Co. Ltd. and United India Assurance Co. Ltd.,
2.National Insurance Co. Ltd and Oriental India insurance Co. Ltd.,
3.United India Assurance Co. Ltd., and Oriental India insurance Co. Ltd.,
4.National Insurance Co. Ltd., United India Assurance Co. Ltd., and Oriental India insurance Co. Ltd.
5.None of these
Answer: 4.National Insurance Co. Ltd., United India Assurance Co. Ltd., and Oriental India insurance Co. Ltd.

55.Monthly emolument of President has been revised to ____?

1.Rs. 5 lakh
2.Rs. 4 lakh
3.Rs. 3 lakh
4.Rs. 40 lakh
5.None of these
Answer: 1.Rs. 5 lakh

56.Monthly emolument of Vice President has been revised to _____?

1.Rs. 5 lakh
2.Rs. 4 lakh
3.Rs. 3 lakh
4.Rs. 40 lakh
5.None of these
Answer: 2.Rs. 4 lakh

57.Monthly emolument of Governor has been revised to _____?

1.Rs. 4.5 lakh
2.Rs. 3.5 lakh
3.Rs. 3 lakh
4.Rs. 40 lakh
5.None of these
Answer: 2.Rs. 3.5 lakh

58._____ has been allocated for commemoration programme to celebrate the 150 Birth Anniversary of
Mahatma Gandhi on October 2, 2019?
1.150 crore
2.200 crore
3.150 lakhs
4.390 crore
5.None of these
Answer: 1.150 crore

59.As per Budget Estimates, what is the total expenditure amount for 2018-19?
1.Rs. 24,42,213 crore
2.Rs. 23,32,516 crore
3.Rs. 34,23,324 crore
4.Rs.23,34,231 crore
5.None of these
Answer: 1.Rs. 24,42,213crore
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RELIEF TO SENIOR CITIZENS

60.PradhanMantriVayaVandanaYojana (under which an assured return of 8 per cent is given by Life

Insurance Corporation of India) will be extended up to _____?
1.March, 2020
2.April, 2020
3.May, 2020
4.June, 2020
5.None of these
Answer: 1.March, 2020

61.Under relief to senior citizens, proposed hike in deduction limit for health insurance premium and/ or
medical expenditure from Rs. 30,000 to Rs. 50,000 under section ____?
1.42 A
2.21 C
3.32 A
4.80D
5.None of these
Answer: 4.80D

62.As per proposals under relief to senior citizens,TDS shall not be required to be deducted under section ____?
1.194A
2.421A
3.232A
4.243A
5.None of these
Answer: 1.194A

63.Increease in deduction limit for medical expenditure for certain critical illness from Rs. 60,000 (in case of
senior citizens) and from Rs. 80,000 (in case of very senior citizens) to _____ for all senior citizens, under
section 80DDB, has been proposed?
1.Rs. 1 lakh
2.Rs. 90,000
3.Rs. 95,000
4.Rs. 1.25 lakh
5.None of these
Answer: 1.Rs. 1 lakh

64.Current investment limit of Pradhan Mantri VayaVandana Yojana is also proposed to be increased to
______ from the existing limit of Rs. 7.5 lakh per senior citizen?
1.Rs. 10 lakh
2.Rs. 12 lakh
3.Rs. 13 lakh
4.Rs. 15 lakh
5.None of these
Answer: 4.Rs. 15 lakh

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