GK Quiz On Railway Budget 2015 - 161).In Railway Budget 2015-16, Bullet Train Project between _______ and ______ was proposed.a) Mumbai - Ahmadabadb) Delhi - Agrac) Chennai - Bangalored) Mumbai- Surat

2).What is the name of the new council, which was introduced by the Railway Minister to provide innovative ideas and business rearrangements in Railways?a) Involatrab) Basmitrac) Kayakalpd) Shohibha

3).What will be the operation ratio of the Railways in 2015-16?a) 79.5%b) 88.5%c) 81.5%d) 91.5%

4).What is the Toll Free helpline number for the Railways that work for 24 7 all over the India?a) 148b) 158c) 138d) 128

5).How much amount was allotted to provide Lifts and Escalators?a) Rs. 140 croresb) Rs. 120 croresc) Rs. 135 croresd) Rs. 160 crores

6).What is the name of the scheme that allows buying unreserved tickets within 5 minutes?a) M-Ticketb) Make way for eTicketc) Smart Ticketd) Operation 5 Minutes

7).Passengers can book their train tickets ______ days prior from the travel date.a) 120b) 150c) 140d) 160

8).As per Railway Budget 2015-16, how many Bio-Toilets will be launched in the Trains?a) 21,000b) 15,000c) 17,000d) 20,000

9).Who much amount will be invested in the Railways in next 5 years?a) Rs. 9.5 lakh croreb) Rs. 7.5 lakh crorec) Rs. 10.5 lakh crored) Rs. 8.5 lakh crore

10).Satellite Railway Terminals will be launched in ____ major cities.a) 11b) 10c) 12d) 14

Answers:-Q. 1 (a)Q. 2 (c)Q. 3 (b)Q. 4 (c)Q. 5 (b)

Q. 6 (d)Q. 7 (a)Q. 8 (c)Q. 9 (d)Q. 10 (b)

Boost GK Question And Answer On Union Budget 2015-161. What is the name of the proposed micro and SME development finance unit that was announced in the Budget? MUDRA Bank2. How much allocation has been made for the proposed MUDRA Bank, which has been proposed for giving boost to micro and SME sectors? Rs. 20,000 crore3. Which regulator is proposed to be merged with the SEBI as announced in this budget? Forward Markets Commission FMC (FMC is the regulator of the commodities market in India)4. The service tax has been hiked from present 12.36% to 14%5. 100% tax deduction has been allowed for contribution to which two important central govt. schemes in this budget? Swachh Bharat Fund and Namami Gange Fund6. Which tax has been abolished with a cess in this budget? Wealth Tax (It has been replaced with a 2% cess on super rich individuals. The super rich individuals are those with an annual income of over Rs. 1 crore)7. The establishment of a new film production centre (Centre for Film Production and Animation) in which Northeastern state has been proposed in the budget? Arunachal Pradesh8. What is the name of the new scheme to empower and enable minority youths, announcement for which was made in the budget? Nayi Manzil (This scheme was announced to enable minority youth to obtain school leaving certificate and gain better employment)9. The corporate tax will be reduced from present 30% to 25% as announced in the Budget. This reduction, however, will be done across how many years? 4 years10. What is the name of the new insurance scheme announced in the Budget under which insurance coverage of Rs. 2 lakh will be provided with a daily premium of Re.1? Pradhan Mantri Jeevan Jyoti Bima Yojana11. How much additional allocation for MGNREGA was announced in the Budget, which had made this years MNREGA allocation the highest ever? Rs. 5,000 crore (Total allocation stands at Rs. 34,699 crore)12. The Budget proposed what status to the non-banking financial companies (NBFCs) registered with RBI with corpus above Rs. 5,000 crore? Financial Institutions13. Establishment of how many Ultra Mega Power Plants (UMPPs) with capacity of 4,000 MW each has been proposed in the Budget? Five (Total investment of Rs. 1 lakh crore has been proposed for establishment of these 5 UMPPs)14. How many years deferment for General Anti-Avoidance Rules (GAAR) was announced in the Budget? 2 years (GAAR is a general set of rules enacted to limit tax avoidance. It was proposed to be effective from April 2015. But with this announcement it has now been deferred to April 2017)15. What is level of fiscal deficit for 2015-16 as proposed in the budget? 3.9% of GDP16. Union Budget 2015 - Expected Questions17. 1. On which date Union Budget 2015-16 was presented in Parliament?- 28 February 2015

2. Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament?- Arun Jaitley

3. Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit?- Rs 2.5 lakh

4. Health Insurance Premium deduction hiked from Rs. 15,000 to?- Rs. 25,000 (for senior citizens to Rs. 30,000)

5. Transport allowance exemption hiked to Rs. 1,600, from ____ per month?- Rs. 800

6. PAN card is must for all purchase above ____ rupees as proposed in Budget 2015-16?- Rs. 1 lakh

7. An additional ___% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16?- 2%

8. What change was made in the Wealth tax?- Wealth tax abolished

9. DTC was dropped in the Budget 2015-16. Expand DTC?- Direct Taxes Code

10. Corporate tax to be reduced from 30% to ___ over next four years?- 25%

11. Mudra banks to be established with capital of Rs.___ crore?- 20000

12. Rs. ____ deduction for contribution to New Pension Scheme?- Rs. 50,000

13. GAAR implementation deferred by 2 years to?- April 2017

14. Service Tax rate hiked to ___% from 12.36%?- 14%

15. Tax free bonds were proposed in budget for?- Roads, railways, irrigation projects18.

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Quiz on Union Budget1. In the Union Budget, rate of Service Tax was hiked from 12% to ____.(1) 13%(2) 14%(3) 15%(4) 14.5%(5) NOTA

2. In the Union Budget 2015-16, Fiscal deficit seen at how much per cent of GDP in 2015/16?(1) 3.9 %(2) 4.1 %(3) 4.5%(4) 5%(5) NOTA

3. How much amount has been allocated to the Rural Infrastructure Development Bank in the Union Budget 2015-16?(1) Rs. 5,300 crore(2) Rs.35,700 crore(3) Rs. 25,00 crore(4) Rs. 70,000 crore(5) Rs. 46,200 crore

4. According to the Union Budget, two new IIM will be opened in which of the following states?(1) Jammu & Kashmir and Punjab(2) Andhra Pradesh and Himachal Pradesh(3) Assam and Andhra Pradesh(4) Jammu & Kashmir and Andhra Pradesh(5) NOTA

5. According to the Union Budget 2015-16, Non-Banking Financial Companies (NBFCs) registered with Reserve Bank of India (RBI) above _______ will be now considered as financial institutions?(1) Rs. 10,000 crore(2) Rs. 5,000 crore(3) Rs. 2000 crore(4) Rs. 1000 crore(5) Rs. 500 crore

6. How much amount has been allocated for Rural Employment Guarantee Scheme in the Union Budget 2015-16?(1) 448.70 billion rupees(2) 552.12 billion rupees(3) 346.99 billion rupees(4) 213.57 billion rupees(5) 129.99 billion rupees

7. How much amount has been allocated to Defence sector in the Union Budget 2015-16?(1) Rs. 2,46,726 crore(2) Rs. 4,35,627 crore(3) Rs. 3,25,925 crore(4) Rs. 5,16,636 crore(5) NOTA

8. According to the Union Budget, how much per cent of Revenue Deficit to be seen in 2015-16?(1) 3.1%(2) 2.8%(3) 2.75%(4) 1.3%(5) NOTA

9. According to the Union Budget 2015-16, how much per cent, rate of corporate tax will be reduced over next four years?(1) 35%(2) 30%(3) 25%(4) 20%(5) 15%

10. According to the Union Budget 2015-16, now details of PAN has to mentioned compulsory for transactions for more than _____.(1) Rs. 1 lakh(2) Rs. 2 lakh(3) Rs. 50,000(4) Rs. 60,000(5) NOTA

11. In the Union Budget 2015-16, increase in the limit of health insurance premium from current Rs 15,000 to ____.(1) Rs. 20,000(2) Rs. 25,000(3) Rs. 35,000(4) Rs. 30,000(5) Rs. 18,000

12. How much amount has been allocated for micro-irrigation watershed projects in the Union Budget 2015-16?(1) Rs. 4,500 Crore(2) Rs. 3,300 Crore(3) Rs. 5,300 Crore(4) Rs. 6,200 Crore(5) Rs. 2,700 Crore

13. How much amount has been allocated to Infrastructure sector in the Union Budget 2015-16?(1) Rs. 1 Lakh crore(2) Rs. 80,000 crore(3) Rs 50,000 crore(4) Rs. 70,000 crore(5) NOTA

14. According to the Union Budget 2015-16, Visa on arrival for how many countries?(1) 100(2) 150(3) 200(4) 50(5) 75

15. According to the Union Budget, Centre of film production, animation and gaming to come up in _____.(1) Maharashtra(2) Uttar Pradesh(3) Kerala(4) AP(5) New Delhi

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Answers:1 (2)2 (1) 3 (3)4 (4) 5 (2)6 (3) 7 (1) 8 (2)9 (3) 10 (1)11 (2)12 (3)13 (4)14 (2)15 (4)

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