Union Budget 2018-19 Q & A PDF
Union Budget 2018-19 Questions & Answers PDF
1. In which article of the Indian constitution, the Union Budget of India is referred to as the Annual
Financial Statement?
1. Article 111
2. Article 112
3. Article 113
4. Article 114
5. Article 115
Answer 2. Article 112
Explanation Union Budget of India is referred to as the Annual Financial Statement in the Article 112 of
the Constitution of India.
2. On which date, the Union Budget was presented by the Finance Minister?
1. February 1
2. February 2
3. February 3
4. February 4
5. February 5
Answer 1. February 1
Explanation On February 1, 2018, Union Minister for Finance and Corporate Affairs, Arun Jaitley
presented Union Budget 2018-19 in Parliament.
3. When and by whom, the First Union budget of independent India was presented?
1. John Mathai on November 26, 1947
2. C D Deshmukh on January 26, 1947
3. T TKrishnamachari on August 15, 1947
4. SachindraChaudshuri on February 26, 1947
5. R. K. Shanmukham Chetty on November 26, 1947
Answer 5. R. K. Shanmukham Chetty on November 26, 1947
Explanation First Union budget of independent India was presented by R. K. Shanmukham Chetty on
November 26, 1947.
4. Name the Finance Minister who has presented the Union Budget for highest number of times.
1. T TKrishnamachari
2. Morarji Desai
3. Y B Chavan
4. C Subramaniam
5. P Chidambaram
Answer 2. Morarji Desai
Explanation Till Date, Morarji Desai has presented Union Budget for highest number of times.
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5. Morarji Desai has presented the Union Budget for highest number of times. How many times did he
present?
1. 8
2. 9
3. 10
4. 11
5. 12
Answer 3. 10
Explanation Morarji Desai has presented Union Budget for highest number of times (10 times).
6. What is the present value of Indian economy?
1. 1.5 trillion dollar
2. 2 trillion dollar
3. 2.5 trillion dollar
4. 3 trillion dollar
5. 3.5 trillion dollar
Answer 3. 2.5 trillion dollar
Explanation Indian economy has performed very well since our Government took over in May, 2014. India
achieved an average growth of 7.5% in first three years of our Government. Indian economy is now 2.5
trillion dollar economy.
7. Indian economy is the __________ largest economy in the world?
1. Fifth
2. Sixth
3. Seventh
4. Eighth
5. Ninth
Answer 3. Seventh
Explanation Indian Economy is the seventh largest economy in the world. India is expected to become the
fifth largest economy very soon. On Purchasing Power Parity (PPP) basis, we are already the third largest
economy.
8. Under which scheme 4 crore household are being provided with electricity connections?
1. SeekhoaurKamao Scheme
2. Samhiti Yojana
3. UDAAN Scheme
4. Suraksha Bima Yojana
5. SaubhagyaYojna
Answer 5. SaubhagyaYojna
Explanation Under Saubhagya Yojna, 4 crore household are being provided with electricity connections.
AGRICULTURE
9. India made record by producing how many tons of food grains in the year 2016-17?
1. 225 million tonnes
2. 250 million tonnes
3. 275 million tonnes
4. 300 million tonnes
5. 350 million tonnes
Answer 3. 275 million tonnes
Explanation As a result of the hard work of our country's farmers’ agriculture production, our country is at
a record level. Doing the year 2016-17 we achieved a record food grain production of around 275 million
tonnes and around 300 million tonnes of fruits and vegetables.
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10. Out of 585 APMCs (Agricultural Produce Market Committee), at present how many APMCs have
been connected to e-NAM (National Agriculture Market) network?
1. 450
2. 470
3. 475
4. 490
5. 550
Answer 2. 470
Explanation Last year, Government announced the strengthening of e-NAM and to expand coverage of eNAM to 585 APMCs. At present, 470 APMCs have been connected to e-NAM network and rest will be
connected by March, 2018.
11. What is the fund amount allocated for developing and upgrading agricultural marketing
infrastructure in the 22000 Grameen Agricultural Markets (GrAMs) and 585 APMCs Agricultural
Produce Market Committee)?
1. 2000 crore
2. 2100 crore
3. 2500 crore
4. 3000 crore
5. 3500 crore
Answer 1. 2000 crore
Explanation An Agri-Market Infrastructure Fund with a corpus of `2000 crore will be set up for developing
and upgrading agricultural marketing infrastructure in the 22000 Grameen Agricultural Markets (GrAMs)
and 585 APMCs.
12. Inorder to support the organized cultivation and associated industry, Government had allocated
how much amount for the cultivation of highly specialized medicinal and aromatic plants?
1. 100 crore
2. 200 crore
3. 250 crore
4. 300 crore
5. 320 crore
Answer 2. 200 crore
Explanation Our ecology supports cultivation of highly specialized medicinal and aromatic plants. India is
also home to a large number of small and cottage industries that manufacture perfumes, essential oils and
other associated products. Our Government will support organized cultivation and associated industry. A
sum of `200 crore is allocated for this purpose.
13. Prime Minister’s Krishi Sampada Yojana is the flagship programme for boosting investment in
________________?
1. Infrastructure
2. Swach Bharat
3. Education
4. Food processing
5. Solar Plants
Answer 4. Food processing
Explanation Food Processing sector is growing at an average rate of 8% per annum. Prime Minister’s
Krishi Sampada Yojana is the flagship programme for boosting investment in food processing. Allocation of
Ministry of Food Processing is being doubled from `715 crore in RE 2017-18 to `1400 crore in BE 2018-19.
Government will promote establishment of specialized agro-processing financial institutions in this sector.
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14. What is the fund allocated for the Ministry of Food Processing in the year 2017-18?
1. 1400 crore
2. 1500 crore
3. 1600 crore
4. 1700 crore
5. 1800 crore
Answer 1. 1400 crore
Explanation Allocation of Ministry of Food Processing is being doubled from `715 crore in RE 2017-18 to
`1400 crore in BE 2018-19. Government will promote establishment of specialized agro-processing financial
institutions in this sector.
15. Government had proposed to launch an ‘‘Operation Greens’’ on the lines of ‘‘Operation Flood’’.
‘‘Operation Greens’’ shall promote Farmer Producers Organizations (FPOs), agri-logistics,
processing facilities and professional management. What is the sum allocated for this operation?
1. 300 crore
2. 350 crore
3. 400 crore
4. 500 crore
5. 550 crore
Answer 4. 500 crore
Explanation Tomato, onion and potato are basic vegetables consumed throughout the year. However,
seasonal and regional production of these perishable commodities poses a challenge in connecting farmers
and consumers in a manner that satisfies both. Our Government proposes to launch an ‘‘Operation Greens’’
on the lines of ‘‘Operation Flood’’. ‘‘Operation Greens’’ shall promote Farmer Producers Organizations
(FPOs), agri-logistics, processing facilities and professional management. Government has allocated a sum
of `500 crore for this purpose.
16. Which plant was referred as “Green gold” by the Finance Minister?
1. Bamboo
2. Tulsi
3. Rubber
4. Ginger
5. Neem
Answer 1. Bamboo
Explanation Bamboo is ‘Green Gold’. Government proposed to launch a Restructured National Bamboo
Mission with an outlay of `1290 crore to promote bamboo sector in a holistic manner.
17. What is the fund allocated for the fisheries sector and the animal husbandry sector?
1. 7,000 crore
2. 8,000 crore
3. 8,500 crore
4. 9,000 crore
5. 10,000 crore
Answer 5. 10,000 crore
Explanation Government announced the setting up of Fisheries and Aquaculture Infrastructure
Development Fund (FAIDF) for fisheries sector and an Animal Husbandry Infrastructure Development Fund
(AHIDF) for financing infrastructure requirement of animal husbandry sector. Total Corpus of these two
new Funds would be `10,000 crore.
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18. Prime Minister’s Krishi SinchaiYojna- Har Khet koPani is related to which of the following
Scheme?
1. Drip irrigation scheme
2. Ground water irrigation scheme
3. Springler irrigation scheme
4. Manual irrigation scheme
5. Surface irrigation scheme
Answer 2. Ground water irrigation scheme
Explanation Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani
will be taken up in 96 deprived irrigation districts where less than 30% of the land holdings gets assured
irrigation presently. Total allocated sum for this purpose is `2600 crore.
HEALTH, EDUCATION AND SOCIAL PROTECTION
19. To improve the quality of education, technology will be used to upgrade the skills of teachers
through the recently launched digital portal named _________?
1. Dharma
2. Dheera
3. Dhanvi
4. Diksha
5. Drishya
Answer 4. Diksha
Explanation Technology will be the biggest driver in improving the quality of education. Our Government
proposed to increase the digital intensity in education and move gradually from ‘‘black board’’ to ‘‘digital
board’’. Technology will also be used to upgrade the skills of teachers through the recently launched digital
portal ‘‘DIKSHA’’.
20. Ekalavya Model Residential School will be set up to provide the best quality education to the
___________ in their own environment?
1. Under Privileged Children
2. SC Children
3. Tribal Children
4. Children under 14 years
5. All the above
Answer 3. Tribal Children
Explanation The Government is committed to provide the best quality education to the tribal children in
their own environment. To realise this mission, it has been decided that by the year 2022, every block with
more than 50% ST population and at least 20,000 tribal persons, will have an Ekalavya Model Residential
School. Ekalavya schools will be on par with Navodaya Vidyalayas and will have special facilities for
preserving local art and culture besides providing training in sports and skill development.
21. Under Prime Minister’s Research Fellows (PMRF)” Scheme how many best B.Tech students will
be identified each year and will be provided facilities to undertake Ph.D in IITs and IISc?
1. 10
2. 100
3. 500
4. 750
5. 1000
Answer 5. 1000
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Explanation The Government would launch the ‘‘Prime Minister’s Research Fellows (PMRF)’’ Scheme
this year. Under this,they would identify 1,000 best B.Tech students each year from premier institutions and
provide them facilities to do Ph.D in IITs and IISc, with a handsome fellowship. It is expected that these
bright young fellows would voluntarily commit few hours every week for teaching in higher educational
institutions.
22. In which city, the Government has taken steps to set up a Railways University?
1. Mumbai
2. Pune
3. Vadodara
4. Ahmadabad
5. Darjeeling
Answer 3. Vadodara
Explanation Our Government has taken major initiative of setting up Institutes of Eminence. There has
been tremendous response to this initiative by institutions both in public and private sectors. More than 100
applications were received. Government have also taken steps to set up a specialized Railways University at
Vadodara.
23. ‘‘Ayushman Bharat’’ programme is related to which sector?
1. Infrastructure
2. Railway
3. Industrial
4. Agriculture
5. Health
Answer 5. Health
Explanation Government announced two major initiatives as part of ‘‘Ayushman Bharat’’ programme
aimed at making path breaking interventions to address health holistically, in primary, secondary and tertiary
care system covering both prevention and health promotion.
24. Under the flagship National Health Protection Scheme, over 10 crore poor and vulnerable families
will be given how much money per family per year for secondary and tertiary care hospitalization?
1. upto 2 lakh
2. upto 3 lakh
3. upto 5 lakh
4. upto 6 lakh
5. upto 8 lakh
Answer 3. upto 5 lakh
Explanation Government will launch a flagship National Health Protection Scheme to cover over 10 crore
poor and vulnerable families (approximately 50 crore beneficiaries) providing coverage upto 5 lakh rupees
per family per year for secondary and tertiary care hospitalization. This will be the world’s largest
government funded health care programme. Adequate funds will be provided for smooth implementation of
this programme.
25. Under Namami Gange Programme how many projects are sanctioned for infrastructure
development, rural sanitation, river surface cleaning and other interventions?
1. 100 projects for Rs. 16713 crore
2. 143 projects for Rs. 16713 crore
3. 150 projects for Rs. 16713 crore
4. 187 projects for Rs. 16713 crore
5. 190 projects for Rs. 16713 crore
Answer 4. 187 projects for Rs. 16713 crore
Explanation Cleaning the Ganga is work of national importance and it is our firm commitment. A total of
187 projects have been sanctioned under the Namami Gange programme for infrastructure development,
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river surface cleaning, rural sanitation and other interventions at a cost of `16,713 crore. 47 projects have
been completed and remaining projects are at various stages of execution. All 4465 Ganga Grams villages
on the bank of river have been declared open defecation free.
26. In order to further enhance the accessibility of quality medical education and health care, how
many new Government Medical Colleges and Hospitals will be set up by upgrading existing district
hospitals in the country?
1. 24
2. 25
3. 26
4. 27
5. 28
Answer 1. 24
Explanation In order to further enhance accessibility of quality medical education and health care, the
Government will be setting up 24 new Government Medical Colleges and Hospitals by upgrading existing
district hospitals in the country. This would ensure that there is at least 1 Medical College for every 3
Parliamentary Constituencies and at least 1 Government Medical College in each State of the country.
MEDIUM, SMALL AND MICRO ENTERPRISES (MSMES) AND
EMPLOYMENT
27. Government has allocated how much amount for the MSME Sector for giving credit support,
capital and interest subsidy and innovations?
1. 5794 crore
2. 1794 crore
3. 3004 crore
4. 3794 crore
5. 4794 crore
Answer 4. 3794 crore
Explanation Medium, Small and Micro Enterprises (MSMEs) are a major engine of growth and
employment in the country. Government have provided 3794 crore to MSME Sector for giving credit
support, capital and interest subsidy and innovations. Massive formalization of the businesses of MSMEs is
taking place in the country after demonetization and introduction of GST. This is generating enormous
financial information database of MSMEs’ businesses and finances. This big data base will be used for
improving financing of MSMEs’ capital requirement, including working capital.
28. Government has increased the paid maternity leave from 12 weeks to ____weeks, along with the
provision of crèches.
1. 20
2. 22
3. 24
4. 26
5. 28
Answer 4. 26
Explanation Inorder to boost the employment generation in the country, Government has increased the paid
maternity leave from 12 weeks to 26 weeks, along with provision of crèches.
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29. What is the proposed amount for the textile sector in 2018-19?
1. 6000 crore
2. 6018 crore
3. 6140 crore
4. 7000 crore
5. 7148 crore
Answer 5. 7148 crore
Explanation The Government had approved a comprehensive textile sector package of `6000 crore in 2016
to boost the apparel and made-up segments. For the year 2018-19, Government propose to provide an outlay
of `7148 crore for the textile sector in 2018-19.
INFRASTRUCTURE AND FINANCIAL SECTOR
DEVELOPMENT
30. The online monitoring system PRAGATI is related to which sector?
1. Industrial Sector
2. Infrastructure Sector
3. Energy Sector
4. Health Sector
5. Technology Sector
Answer 2. Infrastructure Sector
Explanation Prime Minister personally reviews the targets and achievements in infrastructure sectors on a
regular basis. Using online monitoring system of PRAGATI alone, projects worth 9.46 lakh crore have been
facilitated and fast tracked.
31. What is the total amount allocated for the Infrastructure for the year 2018-19?
1. Rs. 3.9 lakh crore
2. Rs. 4 lakh crore
3. Rs. 4.97 lakh crore
4. Rs .5.97 lakh crore
5. Rs. 6.97 lakh crore
Answer 4. Rs.5.97 lakh crore
32. Inorder to boost tourism sector, how many tourist spots will be developed into Iconic Tourism
destinations?
1. 7
2. 8
3. 9
4. 10
5. 12
Answer 4. 10
33. What is the total fund allocated for the Railways Capital Expenditure for the year 2018-19?
1. Rs.168525 crore
2. Rs.158523 crore
3. Rs.148528 crore
4. Rs.145000 crore
5. Rs.138500 crore
Answer 3. Rs.148528 crore
Explanation Strengthening the railway network and enhancing Railways’ carrying capacity has been a
major focus of the Government. Railways’ Capex for the year 2018-19 has been pegged at `1,48,528 crore.
A large part of the Capex is devoted to capacity creation. 18,000 kilometers of doubling, third and fourth
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line works and 5000 kilometers of gauge conversion would eliminate capacity constraints and transform
almost entire network into Broad Gauge.
34. What are the technologies which will be increasingly used for the safety of trains and Railways?
1. Fog Safe
2. Train Protection
3. Warning System
4. All the above
5. 1&2
Answer 4. All the above
Explanation A ‘Safety First’ policy, with allocation of adequate funds under Rashtriya Rail Sanraksha Kosh
is cornerstone of Railways’ focus on safety. Maintenance of track infrastructure is being given special
attention. Over 3600 kms of track renewal is targeted during the current fiscal. Other major steps include
increasing use of technology like ‘‘Fog Safe’’ and ‘‘Train Protection and Warning System’’. A decision has
been taken to eliminate 4267 unmanned level crossings in the broad gauge network in the next two years.
35. Between which two cities, India’s first high speed rail project (Bullet train project) foundation was
laid?
1. Mumbai-Ahmedabad
2. Chennai-Bangalore
3. Bangalore-Mysore
4. Kashmir-Kanniyakumari
5. Patna-Pune
Answer 1. Mumbai-Ahmedabad
Explanation Foundation for the Mumbai-Ahmedabad bullet train project, India’s first high speed rail
project was laid on September 14, 2017. An Institute is coming up at Vadodara to train manpower required
for high speed rail projects.
36. Name the new initiative, under which the current airport capacity will be expanded by more than
five times to handle a billion trips a year?
1. Regional Air Connectivity Scheme
2. NABH Nirman
3. UDAN Scheme
4. Viability Gap Funding
5. National Civil Aviation Policy
Answer 2. NABH Nirman
Explanation Airport Authority of India (AAI) has 124 airports. Government has proposed to expand the
airport capacity more than five times to handle a billion trips a year under a new initiative - NABH Nirman.
Balance sheet of AAI shall be leveraged to raise more resources for funding this expansion.
37. What is the sum allocated for Digital India programme for the year 2018-19?
1. Rs 3073 crore
2. Rs 3500 crore
3. Rs 3600 crore
4. Rs 5000 crore
5. Rs 5973 crore
Answer 1. Rs 3073 crore
Explanation To invest in research, training and skilling in robotics, artificial intelligence, digital
manufacturing, big data analysis, quantum communication and internet of things, Department of Science &
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Technology will launch a Mission on Cyber Physical Systems to support establishment of centres of
excellence. Government has doubled the allocation on Digital India programme to ` 3073 crore in 2018-19.
38. For the creation and augmentation of Telecom infrastructure how many crore fund is allocated for
the year 2018-19?
1. 6000 crore
2. 7000 crore
3. 8000 crore
4. 9000 crore
5. 10000 crore
Answer 5. 10000 crore
Explanation Task of connecting one lakh gram panchayat through high speed optical fiber network has
been completed under phase I of the Bharatnet project. This has enabled broadband access to over 20 crore
rural Indians in about two lakh fifty thousand villages. The Government also proposes to setup five lakh wifi hotspots which will provide broadband access to five crore rural citizens. The sum of `10000 crore is
provided in 2018-19 for creation and augmentation of Telecom infrastructure.
39. The Government has approved the listing of how many CPSEs (Central Public Sector
Enterprises), including two insurance companies, on the stock exchanges?
1. 9
2. 10
3. 12
4. 14
5. 15
Answer 4. 14
Explanation The Government has approved listing of 14 CPSEs, including two insurance companies, on the
stock exchanges. The Government has also initiated the process of strategic disinvestment in 24 CPSEs.
This includes strategic privatization of Air India.
40. What is the revised emolument of the President, the Vice President and the Governors?
1. President-6lakh, Vice President-5.5lakh, Governors-3lakh
2. President-4.5lakh, Vice President-4lakh, Governors-3.5lakh
3. President-5lakh, Vice President-4lakh, Governors-3.5lakh
4. President-6lakh, Vice President-5lakh, Governors-4.5lakh
5. President-6.5lakh, Vice President-4.5lakh, Governors-3.5lakh
Answer 3. President-5lakh Vice President-4lakh Governors-3.5lakh
Explanation The emoluments of the President, the Vice President and the Governors were last revised with
effect from 1st January, 2006. These emoluments are proposed to be revised to 5 lakh for the President, 4
lakhs for the Vice President and to 3.5 lakh per month for the Governors.
41. To commemorate whose 150th birth anniversary, our Government has earmarked 150 crore in the
year 2018-19?
1. Subash Chandra Bose
2. Mahatma Gandhi
3. Jawaharlal Nehru
4. Sardar Vallabhai Patel
5. Dr B R Ambedkar
Answer2. Mahatma Gandhi
Explanation Our country will commemorate 150th birth anniversary of Mahatma Gandhi, Father of the
Nation, from 2nd October, 2019 to 2nd October 2020. The Government and the People of India will
rededicate them, through their actions, to the ideals that the Mahatma taught and lived by. A National
Committee, chaired by the Prime Minister, which includes Chief Ministers of all the States, representatives
from across the political spectrum, Gandhians, thinkers and eminent persons from all walks of life, has been
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constituted to formulate a Commemoration Programme. The Government has earmarked `150 crore for the
year 2018-19 for the activities leading to the Commemoration.
FISCAL MANAGEMENT
42. What will be the total expenditure amount allocated for the Financial year 2018-19?
1. Rs. 18.25 lakh crore
2. Rs. 24.42 lakh crore
3. Rs. 26.25 lakh crore
4. Rs. 15.25 lakh crore
5. Rs. 34.25 lakh crore
Answer 2. Rs. 24.42 lakh crore
Explanation For 2018-19, Total Expenditure will be Rs. 24.42 lakh crore
43. Finance Minister has projected a Fiscal Deficit of _______% of Gross Domestic Product (GDP) for
the year 2018-19?
1. 3.2%
2.3.3%
3. 3.5%
4. 3.6%
5. 3.8%
Answer 2. 3.3%
Explanation Our Government assumed office in May, 2014 when fiscal deficit was running at very high
levels. Fiscal Deficit for 2013-14 was 4.4% of GDP. The Prime Minister and the Government have always
attached utmost priority to prudent fiscal management and controlling fiscal deficit. Fiscal Deficit was
brought down to 4.1% in 2014-15 to 3.9% in 2015-16, and to 3.5% in 2016-17. Revised Fiscal Deficit
estimates for 2017-18 are `5.95 lakh crore at 3.5% of GDP. Government is projecting a Fiscal Deficit of
3.3% of GDP for the year 2018-19.
44. For senior citizens, the exemption of interest income on deposits, with banks and post offices are
proposed to be increased from Rs. 10,000 to ____________?
1. Rs. 25,000
2. Rs. 50,000
3. Rs. 60,000
4. Rs. 75,000
5. Rs. 1lakh
Answer 2. Rs. 50,000
Explanation For the Senior citizens, Exemption of interest income on deposits with banks and post offices
to be increased from `10,000/- to `50,000/- and TDS shall not be required to be deducted on such income,
under section 194A. This benefit shall be available also for interest from all fixed deposits schemes and
recurring deposit schemes.
45. Long Term Capital Gains exceeding Rs. 1 lakh will be taxed at the rate of _____%?
1. 5%
2. 7%
3. 10%
4. 12%
5. 15%
Answer 3. 10%
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Explanation Currently, long term capital gains arising from transfer of listed equity shares, units of equity
oriented fund and unit of a business trust are exempt from tax. Now, Government has proposed to tax such
long term capital gains exceeding 1 lakh at the rate of 10% without allowing the benefit of any indexation.
However, all gains up to 31st January, 2018 will be grandfathered.
46. In an attempt to promote ‘Make in India’, the Customs duty on mobile phones has been increased
from 15% to_____%?
1. 16%
2. 18%
3. 20%
4. 23%
5. 25%
Answer 3. 20%
Explanation Customs duty on mobile phones has been increased from 15 percent to 20 percent. This is an
attempt to incentivise ‘Make in India’.
47. Because of the implementation of GST, the Central Board of Excise and Customs (CBEC) will be
renamed as _________________?
1. Central Board of Customs (CBC)
2. Central Board of Taxes and Customs Duty (CBTC)
3. Central Board of Excise and Customs Duty (CBECD)
4. Central Board of Indirect Taxes and Customs (CBIC)
5. Central Board of Indirect Taxes and Excises (CBIE)
Answer 4. Central Board of Indirect Taxes and Customs (CBIC)
Explanation With the roll out of GST, Government proposed to change the name of Central Board of
Excise and Customs [CBEC] to Central Board of Indirect Taxes and Customs (CBIC). The necessary
changes in law for this are proposed in the Finance Bill.
48. There is a 3% cess on personal income tax and corporation tax consisting of 2% cess for primary
education and 1% cess for secondary and higher education. This existing 3% education cess will be
increased as 4% and will be replaced by __________________ cess?
1. Road and Education Cess
2. Green Environment and Education Cess
3. Agriculture and Education Cess
4. Infrastructure and Education Cess
5. Health and Education Cess
Answer 5. Health and Education Cess
Explanation There is a 3% cess on personal income tax and corporation tax consisting of 2% cess for
primary education and one per cent cess for secondary and higher education. In order to take care of the
needs of education and health of BPL and rural families, the Government has increased this cess by 1%. The
existing 3% education cess will be replaced by a 4% “Health and Education Cess” to be levied on the tax
payable. This will enable us to collect an estimated additional amount of 11,000 crores.
49. To help the cashew processing industry, the customs duty on raw cashew is reduced from 5% to
_____%?
1. 4%
2. 4.5%
3. 3%
4.2.5%
5. 2%
Answer 4. 2.5%
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Explanation To help the cashew processing industry, Government proposed to reduce customs duty on raw
cashew from 5% to 2.5%.
E-OFFICE AND E-GOVERNANCE INITIATIVES IN CENTRAL
MINISTRIES AND DEPARTMENTS
50. Name the Project which was proposed to digitize and make the functioning of all State
Legislatures paperless?
1.e-Vidhan
2. e-Digi
3. e-Servic
4. e-Vishal
5. e-Mithra
Answer 1. e-Vidhan
Explanation Project “e-Vidhan‟ is to digitize and make the functioning of all State Legislatures paperless.
51. What are the services that will be made available in the Universally Computerized E-Courts?
1. e-filing
2. e-payments
3. e-bail
4. 1&2
5. 2&3
Answer 4. 1&2
Explanation E-Courts, to bring about universal computerization of all Districts and Subordinate Courts, use
of cloud computing and availability of e-services like e-filing and e-payments as well.
52. What is the Disinvestment target for the Financial year 2018-19?
1. Rs.70000 crore
2. Rs.80000 crore
3. Rs.85000 crore
4. Rs.90000 crore
5. Rs.95000 crore
Answer 2. Rs.80000 crore
Explanation The Disinvestment target for 2018-19 is Rs.80000 crore.
53. Which three Public Sector Insurance companieswill be mergedinto a single insurance entity?
1. a) New India Assurance b) United India Assurance c) National Insurance
2. a) HDFC Life Insurance b) Oriental India insurance c) General Insurance Corporation
3. a) ICICI Prudential Life Insurance b) United India Assurance c) Life Insurance Corporation
4. a) National Insurance b) United India Assurance c) Oriental India insurance
5. a) SBI Life Insurance b) Oriental India insurance c) Agriculture Insurance Company
Answer 4. a) National Insurance b) United India Assurance c) Oriental India insurance
Explanation Three Public Sector Insurance companies - National Insurance Co. Ltd., United India
Assurance Co. Ltd., and Oriental India insurance Co. Ltd., will be merged into a single insurance entity.
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Union Budget 2018-19 Q & A PDF
54. Under which pass, Government of India has planned to construct a tunnel to strengthen the
connectivity infrastructure in border areas to secure the country’s defence?
1. Banihal Pass
2. Sela Pass
3. Pensi La
4. Zoji La
5. Bara Lacha La
Answer 2. Sela Pass
Explanation The Central Government has decided to construct a tunnel in Arunachal Pradesh bordering
China. This tunnel will go through Sela Pass. This is to strengthen the connectivity infrastructure in border
areas to secure the country’s defence.
55. What is the total amount allocated under MUDRA scheme for the Financial Year 2018-19?
1. 1 Lakh
2. 2 Lakh
3. 3 Lakh
4. 4 Lakh
5. 5 Lakh
Answer 3. 3 Lakh
Explanation Government has enhanced the lending target under the MUDRA Yojana, which funds the selfemployed, to Rs 3 lakh crore for the 2018-19 fiscal. Launched in April 2015, Rs 4.6 lakh crore credit has
been sanctioned under the scheme so far to 10.38 crore beneficiaries.
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