Q1) Who presented the Union Budget 2020 in Parliament?
Krishnamurthy V Subramanian
Nirmala Sitharaman
Nitin Gadkari
Smriti Zubin Irani
Narendra Modi
Correct Answer: 2
Q2) How much fund is allocated for Swachh Bharat Mission in 2020-21?
12,300 crore
11,110 crore
13,000 crore
13,900 crore
10,450 crore
Correct Answer: 1
Q3) When will India host G20 presidency?
2022
2020
2024
2025
2021
Correct Answer: “1”
Q4) How much fund is allocated for senior citizens and Divayang?
8,500 crore
10,000 crore
9,000 crore
8,000 crore
10,110 crore
Correct Answer: 3
Q5) As per the Budget 2020, five archaeological sites to be developed at iconic sites with on-site museum. Which one of the following is not among them?
Rakhigarhi, Haryana
Khajuraho, Madhya Pradesh
Sivasagar, Assam
Dholavira, Gujarat
Adichanallur, Tamil Nadu
Correct Answer: 2
Q6) As per Budget 2020, how many airports to be developed by 2024 to support UDAAN scheme?
100
50
200
150
300
Correct Answer: 1
Q7) How much fund is allocated for transport infrastructure in 2020-21?
1,00,000 crore
1,70,000 crore
2,00,000 crore
2,30,000 crore
1,50,000 crore
Correct Answer: 2
Q8) How much fund is allocated for the development and promotion of industry and commerce in 2020-21?
25,000 crore
29,600 crore
27,300 crore
25,250 crore
26,400 crore
Correct Answer: 3
Q9) How much fund is allocated for the health care sector?
69,000 crore
72,000 crore
63,350 crore
80,000 crore
75,000 crore
Correct Answer: 1
Q10) According to Budget 2020, what is the fiscal deficit target for FY21?
3.2% of GDP
3.5% of GDP
3% of GDP
3.8% of GDP
None of the above
Correct Answer: 2
Q11) Who presented the first Union Budget of Independent India?
Morarji Desai
Yashwant Sinha
C.D. Deshmukh
R.K. Shanmukham Chetty
T.T. Krishnamachari
Correct Answer: 4
Q12) How much fund is allocated for skill development?
3,000 crore
4,500 crore
5,000 crore
3,200 crore
4,000 crore
Correct Anwer: 1
Q13) According to Budget 2020, how much insurance cover increased per depositor?
10 lakh
8 lakh
5 lakh
2 lakh
6 lakh
Correct Answer: 3
Q14) According to Budget 2020, India is set to become $5 trillion economy by the end of?
2025
2028
2022
2030
2024
Correct Answer: 5
Q15) Who among the following was the first female presented budget in the parliament?
Amrit Kaur
Sucheta Kriplani
Indira Gandhi
Sarojini Naidu
Vijaya Lakshmi Pandit
Correct Answer: 3
Q16) Who presented the Budget the maximum number of times?
Yashwant Sinha
C.D. Deshmukh
Morarji Desai
T.T. Krishnamachari
R.K. Shanmukham Chetty
Correct Answer: 3
Q17) Which rail will be set up by the government for agriculture so that goods can be quickly transported across the country?
Kisan Rail
Farmer’s Rail
Krishi Rail
Krishi Kalyan Rail
None of the above
Correct Answer: 1
Q18) Which of the following will be launched by civil aviation ministry for exports in agriculture?
Kisan UDAAN
Farmer UDAAN
Kisan Kalyan UDAAN
Krishi UDAAN
Farmer Seva UDAAN
Correct Answer: 4
Q19) According to budget, people with income 5 lakh to 7.5 lakh will have to pay how much tax?
15%
5%
10%
7.5%
8.5%
Correct Answer: 3
Q20) According to Budget, people between what income will pay taxes of 25%?
11 lakh to 14.5 lakh
12 lakh to 15 lakh
11.5 lakh to 15 lakh
12.5 lakh to 15 lakh
Above 15 lakh
Correct Answer: 4
Q21) How much tax people will pay with the income above 15 lakh?
35%
37.5%
30%
35.5%
32.5%
Correct Answer: 3
Q22) In order to boost MSMEs, the turnover threshold for audit raised to how much from 1 crore?
5 crore
3 crore
7 crore
10 crore
8 crore
Correct Answer: 1
Q23) Name the independent body which will set up for the recruitment to non-gazetted posts through the computer-based online process?
National Recruiting Agency
National Recruitment Agency
Common Eligibility Test
Common Recruitment Agency
None of the above
Correct Answer: 2
Q24) By which year India will have the largest working-age population in the world?
2025
2024
2030
2050
2028
Correct Answer: 3
Q25) Where does the tribal museum is going to set up?
Jharkhand
Maharashtra
Bihar
Himachal Pradesh
Assam
Correct Answer: 1