Question : The ______ scheme was announced during the Union Budget 2020 to provide for dispute resolution in respect of pending income tax litigation.
Option 1: Vishwas Vartaman ka
Option 2: Vivad Se Vishwas
Option 3: Vishwas ki Vriddhi
Option 4: Vitta par Vishwas
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Correct Answer: Vivad Se Vishwas
Solution : The correct answer is Vivad Se Vishwas.
In the 2020-21 budget, the Vivad Se Vishwas scheme was announced to provide for dispute resolution in respect of pending income tax litigation. It waves off interest, penalty and prosecution for those who settle their dues by March 31, 2021. The main objective of the scheme is to provide a mechanism for the resolution of pending tax disputes related to direct taxes in a simple way.
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Question : Which one of the following occurs when current expenses exceed the amount of income received through standard operations?
Option 1: Budget variance
Option 2: Budgetary slack
Option 3: Budget deficit
Option 4: Budget surplus
Question : How many funds have been allocated for skill development in the Union Budget 2020-21?
Option 1: 4,000 crores
Option 2: 2,000 crores
Option 3: 1,000 crores
Option 4: 3,000 crores
Question : Directions: In a certain code language, se mi da means I have friends, la ki se means Friends are good, and na de ki means She is good. What is the code for are in the same language?
Option 1: da
Option 2: ki
Option 3: la
Option 4: se
Question : As announced in the Union Budget, 2018-19, the Government of India fixes the minimum support price (MSP) of crops at a level of at least ______ times the all-India weighted average cost of production.
Option 1: 1.1
Option 2: 1.7
Option 3: 1.5
Option 4: 1.2
Question : The Union Budget 2020-21 proposed five archaeological sites to be developed as "iconic sites with on-site museums." Which of the following is not one of them?
Option 1: Rakhigarhi (Haryana)
Option 2: Kalibangan (Rajasthan)
Option 3: Adichanallur (Tamil Nadu)
Option 4: Dholavira (Gujarat)
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