Quiz 4 on Budget

Multiple-choice Quiz

Q1: An Institute for agricultural biotechnology will be set up in....

Chandigarh

Guwahati

Ranchi

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Q2: A surcharge of ............ pe rcent on persons (other than companies) whose taxable income exceeds Rs.1 crore have been levied..

8

9

10

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Q3: Two new ports will be established in........

Andhra Pradesh and Tamilnadu

Kerala and Maharashtra

West Bengal and Andhra Pradesh

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Q4: Tax Deducted at Source (TDS) to be fixed at 1% on land deals over Rs.

25 Lakhs

10 Lakhs

50 Lakhs

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Q5: Excise duty on SUVs (Sport Utility Vehicles) to be increased to ......... per cent from 27 per cent, SUVs registered as taxis exempted,

35

30

29

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Quiz 3 on budget

Multiple-choice Quiz

Q1: What is Nirbhaya Fund?

A fund for women safety with a corpus of Rs. 1000 Cr.

A fund for women empowerment with a corpus of Rs. 1000 Cr.

A fund for women education with a corpus of Rs. 1000 Cr.

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Q2: To protect savings from inflation Government set up a proposal to launch ..........

Inflation indexed bonds or Inflation Indexed National Security Certificates

Inflation Protection Saving Bonds

Inflation Protection National Security Certificate

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Q3: On oil and gas exploration policy, the Budget proposes to move from the present .......

Revenue Sharing Mechanism to Profit Sharing Mechanism

Profit Sharing Mechanism to Revenue Sharing Mechanism

50 percent revenue sharing and 50 percent profit sharing

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Q4: Income limit for the tax-saving Rajiv Gandhi Equity Savings Scheme is raised to......

15 Lakh from 10 Lakh

12 Lakh from 10 Lakh

13 Lakh from 10 Lakh

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Q5: According to budget 2013-14, In which sector Regulatory authority will be set up?

Environment

Road

Aviation

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Quiz 2 On budget

Multiple-choice Quiz

Q1: What is effective revenue deficit?

Revenue Deficit - Interest Liabilities

Revenue Deficit - Grants

Revenue Deficit - Grants from revenue expenditure which are used for creation of capital assets

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Q2: What is Fiscal Deficit?

Borrowing and other liabilities

Total expenditure - total receipts

Total Expenditure - Revenue Receipts

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Q3: What is Primary Deficit?

Revenue deficit - Interest payments

Fiscal Deficit - Interest payments

Effective Revenue Deficit- Interest payments

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Q4: What is revenue deficit?

Revenue expenditure - revenue receipts

Revenue expenditure- total receipts

total expenditure - revenue receipts

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Q5: Which of the following is true?

Plan Expenditure > Non Plan Expenditure

Plan Expenditure < Non Plan Expenditure

Plan Expenditue = Non Plan Expenditure

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Quiz1 on Budget

Multiple-choice Quiz

Q1: What is the budgeted target of fiscal deficit in 2013-14?

5.3 per cent of GDP

5.2 per cent of GDP

4.8 per cent of GDP

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Q2: What is the target for Revenue Deficit for the year 2013-14?

3.3 per cent of GDP

3.7 per cent of GDP

3.9 per cent of GDP

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Q3: What is the target for Primary Deficit for the year 2013-14?

1.9 per cent of GDP

1.8 per cent of GDP

1.5 per cent of GDP

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Q4: What is the target of effective revenue deficit for the year 2013-14?

1.6 per cent of GDP

1.7 per cent of GDP

1.8 per cent of GDP

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Q5: Which of the following is true for the budget estimates 2013-14?

Tax revenue > non tax revenue

Tax revenue < Non tax revenue

Tax revenue = Non tax revenue

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