Question : As per Union Budget 2019-20, the tax rate has been reduced to _________for companies with annual turnover up to INR 400 crore.
Option 1: 21%
Option 2: 11%
Option 3: 19%
Option 4: 25%
Correct Answer: 25%
Solution : The correct option is 25%.
The Finance Minister of India recommended a drop in the corporation tax rate for some companies in the Union Budget for the 2019–20 fiscal year. 25% was the lower corporate tax rate for businesses with annual sales up to INR 400 crore. Domestic businesses with gross revenues or total sales of less than INR 400 crore in the preceding fiscal year were eligible for this lower tax rate.
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Question : As per the estimates of the Union Budget 2019-20, how much investment is needed in Railway Infrastructure during 2018-2030?
Option 1: INR 40 lakh crore
Option 2: INR 50 lakh crore
Option 3: INR 60 lakh crore
Option 4: INR 30 lakh crore
Question : A government budget shows a primary deficit of INR 6,900 crore. The revenue expenditure on interest payments is INR 400 crore. Fiscal deficit is equal to:
Option 1: INR 6,500 crore
Option 2: INR 7,300 crore
Option 3: INR 7,100 crore
Option 4: INR 6,900 crore
Question : The Union Budget of India 2020-21 allocated an amount of crore for the education sector:
Option 1: INR 83,600
Option 2: INR 99,300
Option 3: INR 78,700
Option 4: INR 95,800
Question : In what proportion should a grocer mix wheat at INR 12 per kg and INR 25 per kg to make a mixture of worth INR 20 per kg?
Option 1: 8 : 3
Option 2: 3 : 5
Option 3: 5 : 8
Option 4: 5 : 7
Question : The value of a washing machine depreciated from INR 40,960 to INR 21,970 in 3 years. Find the yearly rate of depreciation.
Option 1: 25%
Option 2: 16.25%
Option 3: 18.75%
Option 4: 20%
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