Budget 2019 Questions

Mission UPSC 2020
MCQs by Veer Talyan

06 July 2019
Current Affairs MCQ
4 : 00 AM
Static Questions UPSC
Old UPSC Question Paper

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Question
Navigational capacity of Ganga to be enhanced via multi
modal terminals at Sahibganj and Haldia and a navigational
lock at Farakka by 2019-20, under which Project.
a) Jal Marg Unnati Project.
b) Jal Marg Vikas Project.
c) Jal Marg Pragati Project.
d) Jal Marg Roshni Project.
Answer- B
Navigational capacity of Ganga to be enhanced via multi modal terminals at Sahibganj and Haldia and a
navigational lock at Farakka by 2019-20, under Jal Marg Vikas Project.
Question
Indian economy to become a ………..dollar
economy in the current year(2019-20)
a) 3 trillion
b) 4 trillion
c) 5 trillion
d) 6 trillion
Answer- A
Indian economy to become a 3 trillion dollar economy in the current year.
Question
Pradhan Mantri Karam Yogi Maandhan Scheme is related to
Pension benefits to about three crore retail traders & small
shopkeepers with annual turnover ……………..
a) Less than Rs. 1.5 crore
b) less than Rs. 2.5 crore
c) less than Rs. 3.5 crore
d) less than Rs. 4.5 crore
Answer- A
Pradhan Mantri Karam Yogi Maandhan Scheme
Pension benefits to about three crore retail traders & small shopkeepers with annual turnover
less than Rs. 1.5 crore.
Enrolment to be kept simple, requiring only Aadhaar, bank account and a selfdeclaration.
Question
What is the name of new water conservation
scheme announced by Finance Minister
Nirmala Sitharaman during budget 2019
speech?
a) Jal Jeevan Mission
b) Jal Jyoti Mission
c) Jal Sanrakshan Mission
d) Samaan Jal Adhikar Mission
Answer- A
Jal Jeevan Mission

Nirmala Sitharaman announced Jal Jeevan Mission under Jal Shakti Mantralaya
She also informed that 1592 critical and over exploited Blocks spread across 256 District being identified for the
Jal Shakti Abhiyan.
Question
Name of education body announced by
Nirmala Sitharaman to promote research in
India.
a) National Research Foundation
b) National Scholars Foundation
c) Research Institute of India
d) All India Research Institute
Answer- A
National Research Foundation

Finance Minister Nirmala Sitharaman proposed National Research Foundation (NRF) to fund, coordinate and
promote research in the country.
It will also help to assimilate independent research grants given by various Ministries.
Question
Which of the following is related to the Operation
Green’ mission?
1. Scheme “Operation Greens” was announced on
the line of “Operation Flood”
2. The Ministry of Home Affairs has launched the
scheme
Select correct one:
a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2
Answer- A
In the budget speech of 2018-19, a new Scheme “Operation Greens” was announced on the line of “Operation
Flood”, with an outlay of Rs.500 crore to promote Farmer Producers Organizations, agri-logistics, processing
facilities and professional management.
Operation Greens seeks to stabilize the supply of Tomato, Onion and Potato (TOP) crops and to ensure availability
of TOP crops throughout the country round the year without price volatility.
The Ministry of Food Processing Industries has launched the scheme.
National Agricultural Cooperative Marketing Federation of India (NAFED) will be the Nodal Agency to implement
price stabilisation measures.
Question
The Union Government has proposed to
make which two identity cards
interchangeable?
a) Aadhaar and Voter ID
b) PAN and Aadhaar
c) Metro card and Aadhaar
d) Voter ID and PAN card
Answer- B
PAN and Aadhaar

Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2019 announced that PAN card
and Aadhaar will be made interchangeable.
Question
Which of the following is related to the Union Budget?
1. Until the year 2003, the Union Budget was announced at 5:00 pm
on last working day of the month of March
2. It was NDA government of Atal Bihari Vajpayee, who changed the
ritual by announcing the 2001 Union Budget at 11 am
Select correct one:
a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2
Answer- B
Until the year 1999, the Union Budget was announced at 5:00 pm on last working day of the month of
February
It was NDA government of Atal Bihari Vajpayee, who changed the ritual by announcing the 2001 Union Budget
at 11 am
Question
How much amount is allocated in the Union
Budget 2019 to boost credit in Public Sector
Banks?
a) Rs 50,000 crore
b) Rs 60,000 crore
c) Rs70,000 crore
d) Rs 80,000 crore
Answer- C
Rs 70,000 crore
Union Budget 2019 proposes the provision of Rs. 70,000 crore to Public Sector Banks to boost credit.
The banks have been tasked to leverage technology, offer online personal loans and doorstep banking, and
enable customers of one PSB to access services across all PSBs.
Question
Consider the following statement related to the MUDRA
Yojna. Under the aegis of Pradhan Mantri MUDRA Yojana,
MUDRA has created the following products / schemes.
1. Shishu : covering loans upto 50,000/-
2. Kishor : covering loans above 50,000/- and upto 1 lakh
3. Tarun : covering loans above 1 lakh and upto 10 lakh
Which is correct option
a) 1 and 2
b) Only 1
c) Only 2
d) Only 3
Answer- B
Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund
the unfunded”
Under the aegis of Pradhan Mantri MUDRA Yojana, MUDRA has created the following
products / schemes.
1. Shishu : covering loans upto 50,000/-
2. Kishor : covering loans above 50,000/- and upto 5 lakh
3. Tarun : covering loans above 5 lakh and upto 10 lakh
Question
The Union Budget 2019 targets what
amount through the disinvestment of
CPSEs including Air India?
a) Rs 90,000 crore
b) Rs 1,05,000 crore
c) Rs 1,50,000 crore
d) Rs 1,95,000 crore
Answer- B
1,05,000 crore
Budget 2019-20 targets Rs 1, 05,000 crore through the disinvestment receipts of the FY 2019-20.
Government will re-initiate the process of strategic disinvestment of Air India, and other CPSEs for strategic
participation by the private sector.
Question
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- A
In an effort to make the villages open defecation free and improve the lives of villagers, the Finance Minister in
his budget speech in Feb 2018 announced the launch of Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-
DHAN) scheme.
Currently cattle dung and a portion of agricultural waste is used as cooking fuel.
Ministry of Drinking Water & Sanitation has launched the GOBAR (Galvanizing Organic Bio-Agro Resources) -
DHAN scheme.
Question
The Union Government has proposed
modernization of which among the following in
Budget 2019 to enable ease of living?
a) Airport
b) Bus Stands
c) Metro Stations
d) Railway stations
Answer- D
Railway stations
The Union Government has proposed modernization of Railway stations to enable ease of living.
The modernization process will be undertaken later this year.
Question
An encyclopedia is being developed on
which among the following freedom
fighters?
a) Vallabhbhai Patel
b) Subhas Chandra Bose
c) Chandra Shekhar Azad
d) Mahatma Gandhi
Answer- D
Mahatma Gandhi
Finance Minister Nirmala Sitharaman has announced that the development of Gandhipedia. The encyclopedia is
being developed by national council for science museum to sensitize the youth on Gandhian philosophy.
Question
Name the yojana that has been proposed by
the Union Government for the fisheries sector?
a) Pradhan Mantri Karamyogi Maandhan
Yojana
b) Pradhan Mantri Matsya Sampada Yojana
c) Pradhan Mantri Matsya Shram Yojana
d) Pradhan Mantri Bandargah Maandhan
Yojana
Answer- B
Pradhan Mantri Matsya Sampada Yojana
The Union Government has proposed Pradhan Mantri Matsya Sampada Yojana to address critical infrastructure
gap in fisheries sector.
A robust fisheries management framework will be set up by department of fisheries.
Question
The rate which the income tax is
imposed in India is called....
(a) Digressive rate
(b) Progressive rate
(c) Regressive rate
(d) Proportionate rate
Answer- A
Explanation: In India, income tax is imposed at digressive rate. Under the digressive rate the rate of tax increases
as the income increases initially while after a certain level of income it becomes proportionate.
In India, the rate of tax on income up to Rs. 10 lakh increases while tax rate becomes proportionate after the 10
lac. However, the Government imposes a surcharge on those earning more than Rs.50 lakh.
Question
The Budget 2019 reduces tax rate for
companies having annual turnover up
to Rs 400 crore. How much tax these
companies need to pay now?
a) 10 percent
b) 15 percent
c) 20 percent
d) 25 percent
Answer- D
25 percent
The budget 2019 reduces Tax rate to 25% for companies with annual turnover up to Rs. 400 crore. The move will
benefit over 99 percent Indian Companies.
Question
What is the difference between ‘vote-on account’ and ‘interim
budget’?
1. The provision of a vote-on-account is used by a regular
government, while interim budget is provision used by a
caretaker government.
2. A vote-on-account only deals with the expenditure in
government’s budget while an interim budget include
both expenditure and receipts
Which of the following statement (s) given above are correct?
a) Only 1
b) Only 2
c) Both 1 and 2
d) Neither 1 nor 2
Answer- C
Question
For which sector a new TV channel
would be launched as announced in
Budget 2019?
a) Banking
b) Start-ups
c) Education
d) Parenting
Answer- B
Start-ups
Government will start a new TV channel under DD bouquet of channels for start-ups.
This channel will help start-ups to strengthen and grow their initiatives in a better way.
Channel’s name and programmers will be announced soon.
Question
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- B
Article 266 of the Constitution of India requires revenues received by the Government of India to be paid to
the Consolidated Fund of India.
Question
Consider the following statements about Ujjwala Yojana and
Saubhagya Yojana have transformed the lives of every rural
family, dramatically improving ease of their living.
a) Electricity and clean cooking facility to all willing rural
families by 2021
b) Electricity and clean cooking facility to all willing rural
families by 2022
c) Electricity and clean cooking facility to all willing rural
families by 2023
d) Electricity and clean cooking facility to all willing rural
families by 2024
Answer-d
Question
What is the target (in terms of GDP) of Fiscal
Deficit for FY 2021?
(a) 3 %
(b) 4 %
(c) 5 %
(d) 6 %
Answer- A
Question
In budget 2019-20, the government set the target
to distribute....... LPG connections under the
Ujjawala Yojna.
(a) 6 cr
(b) 7 cr
(c) 8 cr
(d) 9 cr
Answer- C
The government has set the target to distribute 8 cr LPG cylinders to the households under the Ujjwala
scheme.
So far Government has distributed 6 cr cylinders under this scheme.
Question
Which article of the Constitution
envisages Budget?
(a) Article 110
(b) Article 111
(c) Article 112
(d) Article 113
Answer- C
Article 112 of the Indian Constitution envisages the Annual Financial Statement of the government.
This annual statement displays the revenue and expenditure of the last year and estimates of revenue and
expenditure for the coming financial year.
Question
Interim budget is also known as....

(a) Mini budget
(b) Vote on Account
(c) Both a and b
(d) None of these
Answer- C
The last budget of any government is termed as an interim budget or a vote on account or a mini budget.
Question
New Jal Shakti Mantralaya to look at the management of our
water resources and water supply in an integrated and holistic
manner, Consider the following statements about Jal Jeevan
Mission to achieve Har Ghar Jal (piped water supply) to all
rural households by
a) 2021
b) 2022
c) 2023
d) 2024
Answer- D
New Jal Shakti Mantralaya to look at the management of our water resources and water supply in an integrated
and holistic manner
Jal Jeevan Mission to achieve Har Ghar Jal (piped water supply) to all rural households by 2024
Question
Gandhipedia being developed by ......................... to
sensitize youth and society about positive Gandhian
values
a) National Council for Science Museums
b) National Council for Culture Museums
c) National Council for History Museums
d) National Council for Earth Museums
Answer- A
National Council of Science Museums (NCSM) is an autonomous

organisation under Indian Ministry of Culture.
It is the largest chain of science centers or museums under a single
administrative umbrella in the world.
There are 24 own science centers or museums and one R & D laboratory
and Training centre of NCSM, located in different states in India.
Question
About 30 lakh workers joined the Pradhan Mantri
Shram Yogi Maandhan Scheme that provides Rs.
3,000 per month as pension on attaining the age of
60 to workers in
a) Organized and Informal sectors
b) Unorganized and formal sectors
c) Unorganized and Informal sectors
d) Organized and Formal sectors
Answer- C
About 30 lakh workers joined the Pradhan Mantri Shram Yogi Maandhan Scheme that provides Rs. 3,000 per
month as pension on attaining the age of 60 to workers in Unorganized and Informal sectors
Question
One woman per SHG to be eligible for a
loan up to ............ under MUDRA
Scheme
a) Rs. 1 lakh
b) Rs. 2 lakh
c) Rs. 3 lakh
d) Rs. 4 lakh
Answer- A
One woman per SHG to be eligible for a loan up to Rs. 1 lakh under MUDRA Scheme
Overdraft of Rs. 5,000 to be allowed for every verified women SHG member having a Jan Dhan Bank Account.
Question
Proposal to consider issuing Aadhaar Card
for NRIs with Indian Passports on their
arrival without waiting for
a) 120 days
b) 140 days
c) 160 days
d) 180 days
Answer- D
India‟s Soft Power

Proposal to consider issuing Aadhaar Card for NRIs with Indian Passports on their arrival without waiting for 180
days
Question
TDS of 2% on cash withdrawal
exceeding ............ in a year from a
bank account
a) Rs. 1 crore
b) Rs. 2 crore
c) Rs. 3 crore
d) Rs. 4 crore
Answer- A
(Digital Payments)
TDS of 2% on cash withdrawal exceeding Rs. 1 crore in a year from a bank account
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Budget 2019 Questions

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Mission UPSC 2020

MCQs by Veer Talyan

Static Questions UPSC

Old UPSC Question Paper

Indian economy to become a 3 trillion dollar economy in the current year.

Pradhan Mantri Karam Yogi Maandhan Scheme

Jal Jeevan Mission

National Research Foundation

The Ministry of Food Processing Industries has launched the scheme.

PAN and Aadhaar

The modernization process will be undertaken later this year.

A robust fisheries management framework will be set up by department of fisheries.

Channel’s name and programmers will be announced soon.

So far Government has distributed 6 cr cylinders under this scheme.

Interim budget is also known as....

National Council of Science Museums (NCSM) is an autonomous

India‟s Soft Power

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