BUDGET 2021 MCQ - CSEET

1. Budget for 2021-22 announced voluntary vehicle scrapping policy to phase out old and polluting vehicles. After how many years fitness of commercial vehicles will be checked for the same?

1. 20

2. 10

3. 15

4. 12

5. 8

Correct Answer: “3”

2. In Budget 2021, National Infrastructure Pipeline was expanded to cover 7400 projects. What is the capital expenditure announced to fund the same?

1. Rs 2.54 lakh crore

2. Rs 3.54 lakh crore

3. Rs 4.54 lakh crore

4. Rs 5.54 lakh crore

5. Rs 6.54 lakh crore

Correct Answer: “4”

3.How many mega-investment textile parks will be established over 3 years?

1. 10

2. 5

3. 7

4. 9

5. 13

Correct Answer: “3”

4. In which state, multi a seaweed park will be setup?

1. Chhattisgarh

2. Tamil Nadu

3. Punjab

4. Haryana

5. Telangana

Correct Answer: “2”

5. How much amount has been allocated for roads, transport, and highways?

1. 2.18 lakh crore

2. 3.18 lakh crore

3. 5,18 lakh crore

4. 4.18 lakh crore

5. 1.18 lakh crore

Correct Answer: “5”

6. FM Nirmala Sitharaman proposes to setup an ARC for NPA Management. What does ‘R’ refers to in ARC?

1. Recapitalization

2. Retail

3. Reconstruction

4. Reforms

5. Rupee-denominated

Correct Answer: “3”

7. How much amount is allocated for PSB recapitalization?

1. 10,000 crore

2. 20,000 crore

3. 30,000 crore

4. 40,000 crore

5. 50,000 crore

Correct Answer: “2”

8. How much amount was paid to farmers for wheat procurement in 2020-21?

1. 60,000 crore

2. 85,000 crore

3. 70,000 crore

4. 75,000 crore

5. 80,000 crore

Correct Answer: “4”

9. What is the disinvestment target for FY22?

1. 1.75 lakh crore

2. 1, 60 lakh crore

3. 2 lakh crore

4. 1.90 lakh crore

5. 1.85 lakh crore

Correct Answer: “1”

10. FM Nirmala Sitharaman announced to protect whom from double taxation in Union Budget 2021?

1. Indian Citizens

2. Foreigners

3. NRIs

4. All of the above

5. None of the above

Correct Answer: “3”

11. As per Union Budget 2021, how many fishing hubs to be developed?

1. 8

2. 5

3. 3

4. 7

5. 6

Correct Answer: “5”

12. How many Sainik schools will be setup in partnership with private schools, NGOs and states?

1. 75

2. 100

3. 50

4. 125

5. 80

Correct Answer: “2”

13. As per the budget, central university to be set up in which of the following state/UT?

1. Kerala

2. J&K

3. Tamil Nadu

4. Ladakh

5. Karnataka

Correct Answer: “4”

14. How much amount is allocated for Jal Jeevan Mission over 5 years?

1. 3.45 lakh crore

2. 1, 98 lakh crore

3. 2, 87 lakh crore

4. 3, 79 lakh crore

5. 2, 34 lakh crore

Correct Answer: “2”

15. How much amount is allocated for MSME this year?

1. 15,700 crore

2. 16,245 crore

3. 14,500 crore

4. 16,800 crore

5. 17,400 crore

Correct Answer: “1”

16. As per Union Budget 2021, how many schools to be quantitatively strengthened under NEP (National Education Policy)?

1. 20,000

2. 10,000

3. 25,000

4. 15,000

5. 30,000

Correct Answer: “4”

17. The re-opening time limit for direct tax assessment has been reduced to how many years from the current 6 years?

1. 2 years

2. 4 years

3. 1 year

4. 5 years

5. 3 years

Correct Answer: “5”

18. How much amount is allocated for Urban Swachh Bharat Mission 2.0 over 5 years?

1. 1,00,000 crore

2. 1,41,678 crore

3. 2,24,300 crore

4. 1,21,264 crore

5. 2,53,000 crore

Correct Answer: “2”

19. As per Union Budget 2021, how many roads have been constructed in Bharatmala Pariyojana so far?

1. 4000 km

2. 4800 km

3. 2600 km

4. 2800 km

5. 3800 km

Correct Answer: “5”

20. FM Nirmala Sitharaman announced setting up of a DFI. What does ‘F’ refers to in DFI?

1. Financial

2. Finance

3. Funds

4. Federal

5. Foreign

Correct Answer: “1”

21. As per the budget, the government aims to reach a fiscal deficit below 4.5% by

1. FY24-25

2. FY25-26

3. FY26-27

4. FY27-28

5. FY28-29

Correct Answer: “2”

22. What is the age limit for senior citizens who are abolished from the need to file IT returns?

1. Above 65 years

2. Above 70 years

3. Above 60 years

4. Above 75 years

5. Above 80 years

Correct Answer: “4”

23. As per the budget, how much agri infra cess has been imposed on alcoholic beverages?

1. 75%

2. 60%

3. 80%

4. 90%

5. 100%

Correct Answer: “5”

24. How much amount is allocated for the 60th Goa Liberation anniversary?

1. 300 crore

2. 200 crore

3. 400 crore

4. 500 crore

5. 100 crore

Correct Answer: “1”

25. As per the budget 2021, total expenditure pegged for FY22?

1. 30.83 lakh crore

2. 31.83 lakh crore

3. 32.83 lakh crore

4. 33.83 lakh crore

5. 34.83 lakh crore

Correct Answer: “5”

26. As per the budget, total capital expenditure pegged for FY22?

1. 3.54 lakh crore

2. lakh crore

3. 6.54 lakh crore

4. 4.54 lakh crore

5. 1.54 lakh crore

Correct Answer: “2”

27. As per the budget, how many farmers are registered on e-NAM markets?

1. 2 crore

2. 1.68 crore

3. 2.35 crore

4. 2.86 crore

5. 1 crore

Correct Answer: “2”

28. As per the budget, which of the following has been designated as a regulator for gold exchanges?

1. RBI

2. SEBI

3. SIDBI

4. FMC

5. NHB

Correct Answer: “2”

29. As per the budget, 1.97 lakh crore is allocated in the next 5 years for the PLI scheme in 13 sectors to create and nurture manufacturing global champions for Atmanirbhar Bharat. What does ‘L’ refers to in PLI?

1. Linked

2. Leverage

3. Lease

4. Ledger

5. Legal

Correct Answer: “1”

30. How much amount is allocated for the creation of the National Research Foundation (NRF) over 5 years?

1. 10,000 crore

2. 20,000 crore

3. 30,000 crore

4. 40,000 crore

5. 50,000 crore

Correct Answer: “5”