1.Which of the following is related to the Operation Green’ mission?
A. Production of tomato, onion and potatoes
B. Production of tomato, chili and potatoes
C. Production of pulses, onion and potatoes
D. Production of tomato, pulses and rice
Answer: Production of tomato, onion and potatoes
2. Which of the following policy (Yojna) bring 5 lakh acres under organic farming?
A. Shyama Prasad Mukherji Rurban Mission
B. Pramaparagat Krishi Vikas Yojna
C. Pradhan Mantri Krishi Sichai Yojna
D. PM Fasal Bima Yojna
Answer: Pramaparagat Krishi Vikas Yojna
3.Which Bill was proposed to be passing to solve problems in infrastructure contracts, PPP and Public Utilities?
A. Skill Development Programme
B. Companies Amendment Bill
C. Public Utility Resolution of Disputes Bill
D. Goods & Services Tax
Answer: Public Utility Resolution of Disputes Bill
A. Companies Amendment Bill
B. Shyama Prasad Mukherji Rurban Mission
C. Customer Act
D. NIRMAYA Scheme
Answer: NIRMAYA Scheme
6. Which of the following Yojna gave nominal premium and highest ever compensation in case of crop loss?
A. PM Fasal Bima Yojna
B. PM Krishi Sinchai Yojna
C. Shyama Prasad Mukherji Rurban Mission
D. Pramaparagat Krishi Vikas Yojna
Answer: PM Fasal Bima Yojna
7.Consider the following statement (s) is/are related to the MUDRA Yojna.
I. It has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.
II. According to this joyna, loan is issued through Mudra credit card with a pre-assigned credit limit and the repayment tenure is as high as 7 years.
Code:
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer: Both I and II
8. Which of the following scheme is related to the management and conversion of cattle dung and solid in farms to Compost, fertilizer, bio-gas and bio-CNG?
A. Galvanizing Organic Bio-Agro Resources Dhan
B. Swachchh Bharat Abhiyan
C. Pradhan Mantri Jeevan Jyoti Beema Yojna
D. Prime Minister Krishi Sinchai Yojna
Answer: Galvanizing Organic Bio-Agro Resources Dhan
9.According to the 2018-19 budget speech of Arun Jaitley, India is at third rank on the basis of what?
A. Purchasing Power Parity (PPP)
B. Gross domestic product (GDP)
C. Agricultural Prodution
D. Foreign Direct Investment (FDI)
Answer: Purchasing Power Parity (PPP)
10.Which of the following new restructured scheme was launched to increase the governance capabilities of PRIs?
A. National Skill Development Mission
B. PM Kaushal Vikas Yojana
C. Swaccha Bharat Abhiyaan
D. Rashtriya Gram Swaraj Abhiyan
Answer: Rashtriya Gram Swaraj Abhiyan
11.Which of the following three public general insurance companies will be merged into single insurance company as per Budget 2018-19?
A. UTI, Oriental Insurance and National Insurance
B. LIC, Bharti AXA and United Insurance
C. General Insurance, Max Bupa and UTI
D. Agriculture insurance Company of India Limited, Bharti AXA and United Insurance
Answer: UTI, Oriental Insurance and National Insurance
12.What do you mean by "Fiscal Federalism"?
A. It refers to the devolution of power and responsibilties of national, sub-national, and governments.
B. It refers to the financial relations between units of governments in a federal government system.
C. It is the amount of money that households have availalbe for spending and saving after income taxes have been accounted for.
D. It states that when per capita income increases above the minimum specific level, population tens to increase.
Answer: It refers to the financial relations between units of governments in a federal government system.
13.Select the incorrect phase of budget process in India.
A. Budget formulation: the preparation of estimates of expenditure and receipts for the ensuing financial year;
B. Budget enactment: approval of the proposed Budget by the Legislature through the enactment of Finance Bill and Appropriation Bill
C. Budget execution: enforcement of the provisions in the Finance Act and Appropriation Act by the government—collection of receipts and making disbursements for various services as approved by the Legislature.
D. Judicial review of budget implementation: audits of government’s financial operations on behalf of the Legislature.
Answer: Judicial review of budget implementation: audits of government’s financial operations on behalf of the Legislature.
14.Who was the first Finance minister of independent India?
A. Shanmukhan Chetty
B. John Mathai
C. C. D Deshmukhi
D. Liaquat Ali Khan
Answer: Shanmukhan Chetty
15.Select the correct component of Components of the Union (Central) Budget of India?
A. Revenue Budget
B. Capital Budget
C. Expenditure Budget
D. Both A & B
Answer: Both A & B
16.300 rurban clusters to be set up under which of the following schemes?
A. Shyama Prasad Mukherji Mission
B. Pradhan Mantri Awas Yojna
C. Indira Awas Yojna
D. NIRMAYA Scheme
Answer: Shyama Prasad Mukherji Mission
17. The authorization for the withdrawal of funds from the consolidated Fund of India must come from:
A. The President of India
B. The Parliament of India
C. The Prime Minister of India
D. The Union Finance Minister
Answer: The Parliament of India
18.When annual budget is passed by the Lok Sabha__________.
A. the Budget is modified and presented again
B. the Budget is referred to the Rajya Sabha for suggestions
C. the Union Finance Minister is asked to resign
D. the Prime Minister submits the resignation of Council of Ministers
Answer: the Prime Minister submits the resignation of Council of Ministers
19.Arrange the following stages in the enactment of budget in proper order:
I. General discussion
II. Appropriation Bill
III. Finance Bill
IV. Voting of the demands for grant
V. Presentation to legislature
A. I, II, III, IV, V
B. V, I, II, III
C. V, I, IV, III, II
D. V, I, III, IV, II
Answer: V, I, II, III
20.The budget was formally introduced in India in:
A. 1860
B. 1947
C. 1950
D. 1868
Answer: 1860
A. Production of tomato, onion and potatoes
B. Production of tomato, chili and potatoes
C. Production of pulses, onion and potatoes
D. Production of tomato, pulses and rice
Answer: Production of tomato, onion and potatoes
2. Which of the following policy (Yojna) bring 5 lakh acres under organic farming?
A. Shyama Prasad Mukherji Rurban Mission
B. Pramaparagat Krishi Vikas Yojna
C. Pradhan Mantri Krishi Sichai Yojna
D. PM Fasal Bima Yojna
Answer: Pramaparagat Krishi Vikas Yojna
3.Which Bill was proposed to be passing to solve problems in infrastructure contracts, PPP and Public Utilities?
A. Skill Development Programme
B. Companies Amendment Bill
C. Public Utility Resolution of Disputes Bill
D. Goods & Services Tax
Answer: Public Utility Resolution of Disputes Bill
4.Which of the following social campaign of the Government of India that aims to generate awareness and improve the efficiency of welfare services intended for girls?
A. Beti Bachao, Beti Padhao
B. Gender sensitisation
C. Ladli
D. Swachchha Bharat Mission
Answer: Beti Bachao, Beti Padhao
5. Service Tax to be exempted on general insurance schemes under which scheme:A. Companies Amendment Bill
B. Shyama Prasad Mukherji Rurban Mission
C. Customer Act
D. NIRMAYA Scheme
Answer: NIRMAYA Scheme
6. Which of the following Yojna gave nominal premium and highest ever compensation in case of crop loss?
A. PM Fasal Bima Yojna
B. PM Krishi Sinchai Yojna
C. Shyama Prasad Mukherji Rurban Mission
D. Pramaparagat Krishi Vikas Yojna
Answer: PM Fasal Bima Yojna
7.Consider the following statement (s) is/are related to the MUDRA Yojna.
I. It has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it.
II. According to this joyna, loan is issued through Mudra credit card with a pre-assigned credit limit and the repayment tenure is as high as 7 years.
Code:
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer: Both I and II
8. Which of the following scheme is related to the management and conversion of cattle dung and solid in farms to Compost, fertilizer, bio-gas and bio-CNG?
A. Galvanizing Organic Bio-Agro Resources Dhan
B. Swachchh Bharat Abhiyan
C. Pradhan Mantri Jeevan Jyoti Beema Yojna
D. Prime Minister Krishi Sinchai Yojna
Answer: Galvanizing Organic Bio-Agro Resources Dhan
9.According to the 2018-19 budget speech of Arun Jaitley, India is at third rank on the basis of what?
A. Purchasing Power Parity (PPP)
B. Gross domestic product (GDP)
C. Agricultural Prodution
D. Foreign Direct Investment (FDI)
Answer: Purchasing Power Parity (PPP)
10.Which of the following new restructured scheme was launched to increase the governance capabilities of PRIs?
A. National Skill Development Mission
B. PM Kaushal Vikas Yojana
C. Swaccha Bharat Abhiyaan
D. Rashtriya Gram Swaraj Abhiyan
Answer: Rashtriya Gram Swaraj Abhiyan
11.Which of the following three public general insurance companies will be merged into single insurance company as per Budget 2018-19?
A. UTI, Oriental Insurance and National Insurance
B. LIC, Bharti AXA and United Insurance
C. General Insurance, Max Bupa and UTI
D. Agriculture insurance Company of India Limited, Bharti AXA and United Insurance
Answer: UTI, Oriental Insurance and National Insurance
12.What do you mean by "Fiscal Federalism"?
A. It refers to the devolution of power and responsibilties of national, sub-national, and governments.
B. It refers to the financial relations between units of governments in a federal government system.
C. It is the amount of money that households have availalbe for spending and saving after income taxes have been accounted for.
D. It states that when per capita income increases above the minimum specific level, population tens to increase.
Answer: It refers to the financial relations between units of governments in a federal government system.
13.Select the incorrect phase of budget process in India.
A. Budget formulation: the preparation of estimates of expenditure and receipts for the ensuing financial year;
B. Budget enactment: approval of the proposed Budget by the Legislature through the enactment of Finance Bill and Appropriation Bill
C. Budget execution: enforcement of the provisions in the Finance Act and Appropriation Act by the government—collection of receipts and making disbursements for various services as approved by the Legislature.
D. Judicial review of budget implementation: audits of government’s financial operations on behalf of the Legislature.
Answer: Judicial review of budget implementation: audits of government’s financial operations on behalf of the Legislature.
14.Who was the first Finance minister of independent India?
A. Shanmukhan Chetty
B. John Mathai
C. C. D Deshmukhi
D. Liaquat Ali Khan
Answer: Shanmukhan Chetty
15.Select the correct component of Components of the Union (Central) Budget of India?
A. Revenue Budget
B. Capital Budget
C. Expenditure Budget
D. Both A & B
Answer: Both A & B
16.300 rurban clusters to be set up under which of the following schemes?
A. Shyama Prasad Mukherji Mission
B. Pradhan Mantri Awas Yojna
C. Indira Awas Yojna
D. NIRMAYA Scheme
Answer: Shyama Prasad Mukherji Mission
17. The authorization for the withdrawal of funds from the consolidated Fund of India must come from:
A. The President of India
B. The Parliament of India
C. The Prime Minister of India
D. The Union Finance Minister
Answer: The Parliament of India
18.When annual budget is passed by the Lok Sabha__________.
A. the Budget is modified and presented again
B. the Budget is referred to the Rajya Sabha for suggestions
C. the Union Finance Minister is asked to resign
D. the Prime Minister submits the resignation of Council of Ministers
Answer: the Prime Minister submits the resignation of Council of Ministers
19.Arrange the following stages in the enactment of budget in proper order:
I. General discussion
II. Appropriation Bill
III. Finance Bill
IV. Voting of the demands for grant
V. Presentation to legislature
A. I, II, III, IV, V
B. V, I, II, III
C. V, I, IV, III, II
D. V, I, III, IV, II
Answer: V, I, II, III
20.The budget was formally introduced in India in:
A. 1860
B. 1947
C. 1950
D. 1868
Answer: 1860
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