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
Correct Answer: INR 99,300
Solution : The correct answer is INR 99,300.
In 2020–21, Rs. 99,300 crores and Rs. 3000 crores, respectively, have been set aside for the education and skill development sectors. The Department of School Education and Literacy's overall budget allocation has increased by Rs. 3308.37 crore (5.85%).
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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 : 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%
Question : According to Article 112 of the Constitution of India, the Union Budget for a year is called __________.
Option 1: Fiscal Budget
Option 2: Assessment Statement
Option 3: Annual Financial Statement
Option 4: Annual Budget Statement
Question : Directions: The bar graph shows the percentage distribution of the total expenditures of a company under various expenses heads during 2005. Study the bar graph and answer the following four question
If the interest on the loan amounted to INR 2.45 crore, then the total amount of expenditure on an advertisement, taxes and research and development is equal to:
Option 1: INR 3 crore
Option 2: INR 5.4 crore
Option 3: INR 4.2 crore
Option 4: INR 7 crore
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