Important Questions Union Budget 2018-19

IMPORTANT QUESTIONS FROM THE UNION BUDGET 2019-20

Q. 1 What amount has been allocated for the recapitalisation of the
Public Sector Banks (PSBs) in the Union Budget 2019-20?
Answer: Rs. 70,000 crores
Q. 2 Union Budget 2019-20 provided how many points vision for the next
decade?
Answer: Ten
Q. 3 As per the Union Budget 2019-20 India will be a three trillion-dollar
economy by?
Answer: 2019-20.
Q. 4 Name the scheme under which monthly pension of Rs. 3000 would be
given to about three crore retail traders & small shopkeepers? with annual
turnover
Answer: Pradhan Mantri Karam Yogi Mandhan Scheme.
Explanation: Annual turnover of the beneficiary must be less than Rs. 1.5
crore.
Q. 5 What amount has been allocated for FY 2019-20 for 2% interest
subvention (on fresh or incremental loans) to all GST-registered MSMEs,
under the Interest Subvention Scheme for MSMEs?
Answer: Rs. 350 crores
Q. 6 As per the Union Budget 2018-19 what amount investment is
needed in Railway Infrastructure during 2018-2030?
Answer: Rs. 50 lakhs
Q. 7 Name the new water conservation scheme announced during the
budget 2019 speech?
Answer: Jal Jeevan Mission
Explanation: 1592 critical and over exploited Blocks spread across 256
District have been identified for this mission.
Q. 8 What is the total amount the government expects to garner through
new financial instruments like Infrastructure Investment Trusts (InvITs),
Real Estate Investment Trusts (REITs) as well as models like Toll-Operate-
Transfer (ToT)?
Answer: Rs. 24,000 crores.

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Important Questions Union Budget 2018-19

Q. 9 What is the financial outlay for 3 years approved for Phase-II of FAME
(Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles)
Scheme?
Answer: Rs. 10,000 crores
Q. 10 Name the organistion that has been announced to be set up in the
current fiscal to enhance the sources of capital for infrastructure financing?
Answer: Credit Guarantee Enhancement Corporation
Q. 11 Name the Public Sector Enterprise, incorporated as a new commercial
arm of Department of Space to tap the benefits of ISRO?
Answer: New Space India Limited (NSIL)
Q. 12 The government has raised the annual turnover limit from Rs
250 crore to what amount for availing a lower corporate tax rate of 25 per
cent?
Answer: Rs 400 crores
Q. 13 According to this year’s Union Budget what is the disinvestment
(of Central Public Sector Enterprises) target of the government for this
fiscal?
Answer: Rs. 1,05,000 crores
Q. 14 Under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) during its
second phase (2019-20 to 2021-22), approximately how many houses with
amenities like toilets, electricity and LPG connections are to be built?
Answer: 1.95 crore
Q. 15 As per the budget the government will organise an annual Global
Investors Meet in India, using which fund?
Answer: National Infrastructure Investment Fund (NIIF)
Q. 16 The Union Budget proposed an additional deduction of up to Rs. 1.5
lakhs for interest paid on loans borrowed up to 31st March, 2020 for
purchase of house valued up to what amount?
Answer: Rs. 45 lakhs
Q. 17 To boost the usage of electric vehicles to counter pollution, an
additional income tax deduction of what amount is proposed in the Union
budget?
Answer: Rs. 1.5 lakhs

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Important Questions Union Budget 2018-19

Q. 18 Which scheme has been announced to address critical gaps in the

value chain including infrastructure, modernization and productivity of the
fisheries sector?
Answer: Pradhan Mantri Matsya Sampada Yojana (PMMSY)
Q. 19 Under the consolidated ASPIRE scheme (Scheme for Promotion of
Innovation, Rural Industry and Entrepreneurship’) how many
entrepreneurs to be skilled in agro-rural industry sectors?
Answer: 75,000
Explanation: Also, 80 Livelihood Business Incubators (LBIs) and 20
Technology Business Incubators (TBIs) to be setup in 2019-20 and 10,000
new Farmer Producer Organizations (FPOs) to be formed, to ensure
economies of scale for farmers.
Q. 20 Under Pradhan Mantri Gram Sadak Yojana (PMGSY) target of
connecting the eligible and feasible habitations advanced from 2022 to?
Answer: 2019. 97% of such habitations have already been provided with
all-weather connectivity.
Q. 21 Which scheme has been announced to make traditional industries
more productive, profitable and capable for generating sustained
employment opportunities?
Answer: Scheme of Fund for Upgradation and Regeneration of Traditional
Industries’ (SFURTI)
Explanation: 100 new clusters to be setup during 2019-20 with special
focus on Bamboo, Honey and Khadi, enabling 50,000 artisans to join the
economic value chain.
Q. 22 To mark the achievement of Open Defecation Free (ODF) India by
2nd October 2019, Rashtriya Swachhta Kendra would be inaugurated at?
Answer: Gandhi Darshan, Rajghat
Q. 23 Name the encyclopaedia being developed by National Council for
Science Museums to sensitize youth and society about positive values?
Answer: Gandhipedia
Q. 24 Name the foundation which was proposed in the recent budget to
fund, coordinate and promote research in the country?
Answer: National Research Foundation (NRF)
Q. 25 What amount has been provided for “World Class Institutions”,
for FY 2019-20?

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Important Questions Union Budget 2018-19

Answer: Rs. 400 crores

Q. 26 An overdraft of what amount would be provided to every verified
women SHG (Self Help Group) member having a Jan Dhan Bank Account?
Answer: Rs. 5,000
Q. 27 As per the Union budget, under the MUDRA Scheme, one woman per
SHG to be eligible for a loan up to?
Answer: Rs. 1 lakh
Q. 28 TDS of 2% would be levied on cash withdrawal exceeding what
amount in a year from a bank account?
Answer: Rs. 1 crore
Q. 29 The Union Budget proposes investment of what amount in
infrastructure over the next five years?
Answer: Rs. 100 lakh crores
Q. 30 As per the Union Budget how many iconic Tourism Sites are being
developed into model world class tourist destinations?
Answer: Seventeen

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