Objective Question based on Union Budget, Railway Budget and Economic Survey 2011-12

Get the answers of 32 interactive Objective Question based on Union Budget, Railway Budget and Economic Survey 2011-12.

1. According to economic survey 2011-12, tabled in the parliament on February

25, 2011, how many villages in India are still out of telecom loop?

(1) 61,586

(2) 62,443

(3) 63,342

(4) 62,634

2. Union Railway Minister Ms. Mamata Banerjee presented the Railway Budget for 2011-12on

February 25, 2011 and fixed the plan outlay for 2011-12 at Rs.57, 630 crore, which is___ percent higher than the outlay for the year 2011-11.

(1) 38

(2) 42

(3) 44

(4) 40

3. According to the provisions of Railway Budget 2011-12, presented on February 25, 2011, which of the following combinations of project and proposed investments is not correct?

(1) New Railway Lines-Rs 9,583 crore

(2) Doubling the Lines-Rs5, 406 crore

(3) Gauge Conversion-Rs 2,470 crore

(4) Acquisition of rolling Stock-Rs 12,380 crore

4. Ms. Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 fixed the target to load 993 million tones goods during 2011-12 to earn.

(1) Rs.68, 620 crore

(2) Rs.62, 489 crore

(3) Rs.67, 826 crore

(4) Rs.63, 765 crore

5. In the Railway Budget 2011-12, tabled on February 25, 2011, Ms.Mamata Banerjee has set an ambitious goal of enhancing the sundry earnings to Rs. 4,060 crore during 2011-12, which was___in 2010-11.

(1) Rs. 3170 Crore

(2) Rs. 3,530.34 Crore

(3) Rs.2, 596.31 Crore

(4) Rs.2, 778.34 Crore

6. Which one of the following projects was not announced by the Union Railway Minister Ms.Mamata Banerjee in the Railway Budget 2011-12, presented on February 25, 2011?

(1)Laying of 40 new lines

(2)Gauge Conversion of 1,017 km

(3)Trebling of 1125 km of track

(4)Electrification of 1,000km of track

7. Union Railway Minister Ms.Mamata Banerjee while presenting the Railway Budget for 2011-12 on February 25, 2011 proposed to set up a 700-megawatt gas-based power plant at Thakurli,which is situated in the state of

(1) West Bengal

(2) Andhra Pradesh

(3) Manipur

(4) Maharastra

8. How many new express trains were proposed in the Railway Budget 2011-12 on February 25, 2011 besides three new Shatabdis and nine new Duronto trains?

(1) 56

(2) 58

(3) 62

(4) 54

9. Which of the following statements regarding the Economic Survey 2010-11, tabled in the Parliament on February 25, 2011 is not correct?

(1) Estimated GDP growth in 2010-12, 8.6 percent

(2) Survey favours phased opening of foreign direct investment in multi-brand retail

(3) Survey does not favour second green revolution

(4) Efficient taxation of goods and services through GST

10. Union Finance Minister Pranab Mukherjee presented the Budget 2011-12 on February 28, 2011.Which of the following is not a key features of this Budget?

(1) Gross Tax receipts are estimated at Rs. 932,440 crore

(2) Exemption limit for general category of individual taxpayers was not enhanced

(3) Total expenditure proposed at Rs. 12, 57,729 crore

(4) Rate of Minimum Alternative Tax increased to18.5 percent

11. Which of the following statements is not correct about the Budget 2011-12, tabled in the parliament of February 28, 2011?

(1) Increase of 18.3 percent in total plan allocation

(2) Standard rate of service tax retained at 10 percent

(3) Allocation of Rs. 900 crore for National Mission for protein supplement

(4) redit flow for farmers raised from Rs. 3,75,000 crore to Rs. 4,75,000 Crore in 2011-12.

12. According to Economic Survey 2010-11, during April 2006 to March 2010, India witnessed foreign direct Investment inflows worth ____ in the retail sector.

(1) $ 190 million

(2) $ 194.69 million

(3) $ 290 million

(4) $ 294.69 million

13. According to Economic survey 2010-11, presented in the Lok Sabha on February 25, 2011, while the overall gross domestic product (GDP) has grown by an average of 8.62 percent during 2004-05 to 2010-11, GDP of the agricultural sector has increased by only____during the same period.

(1) 3.46 percent

(2) 4.46 percent

(3) 2.46 percent

(4) 5.46 percent

14. According to the data presented in the Economic Survey 2010-11, from 2000-2001 to 2009-2010, the growth in wheat acreage was around 1.21 percent, What was the growth in yield?

(1) 1.89 percent

(2) 0.68 percent

(3) 1.59 percent

(4) 1.61 percent

15. In the Union Budget 2011-12 presented in the LokSabha on February 28, 2011, what amount has been proposed to be raised through disinvestment of Public Sector Undertakings?

(1) Rs. 35,000 crore

(2) Rs. 40,888 crore

(3) Rs. 40,000 crore

(4) Rs. 37,000 crore

16. According to the proposal of Union Budget 2011-12, the government is to finalise Direct Taxes Code for enactment during 2011-12.When will it be effective from?

(1) April 1, 2012

(2) May 1, 2012

(3) April 1, 2013

(4) May 1, 2013

17. According to proposals of Union Budget, 2011-12, to empower women and promote their self help groups (SHG) Women’s SHGs Devlopment Fund is to be created with a corpus of

(1) Rs. 600 crore

(2) Rs. 525 crore

(3) Rs. 625 crore

(4) Rs. 500 crore

18. Which of the following pairs based on Union Budget 2011-12 estimates is wrongly matched?

(1) Revenue Receipts-Rs. 789892 crore

(2) Capital Receipts-Rs. 467837crore

(3) Non Plan Expenditure-Rs. 816000 crore

(4) Revenue Deflect- Rs. 307270 crore

19. According to the Union Budget 2011-12 estimates for each rupee that comes in the government’s ex-chequer the share of different heads has been listed below. Which of the following is not correctly matched?

(1) Borrowings and other liabilities-27 paise

(2) Corporation tax-23 paise

(3) Service tax and other taxes-6 paise

(4) Union Excise duties-11 paise

20. According to the Union Budget 2011-12 estimates presented in the Lok Sabha on February 28,2011,for each rupee that goes from government’s ex-chequer.the share of different heads has been listed below. Which of the following is not correctly matched?

(1) Central Plan-22 paise

(2) Interest Payment-18 paise

(3) Defence-10 paise

(4) subsidies-9 paise

21. According to the Union Budget 2011-12, to further encourage States to allocate more funds for agriculture over and above their base line expenditure on farming, an additional sum of ____has been proposed for the Rashtriya Krishi Vikas Yojana.

(1) Rs. 1190 crore

(2) Rs. 1105 crore

(3) Rs. 1150 crore

(4) Rs. 5110 crore

22. In the Union Budget 2011-12 proposals presented in Lok Sabha on February 28, 2011, to provide Housing finance to targeted groups in rural areas at competitive rates, what provision has been made for the Rural Housing Fund?

(1) Rs. 2000 crore

(2) Rs. 3500 crore

(3) Rs. 3000 crore

(4) Rs. 2500 crore

23. Handloom weavers have been facing economic stress. In the Union Budget 2011-12, to benefit 15000 cooperative societies and about 300000 handloom weavers, it has been proposed to provide_____ to NABARD.

(1) Rs. 3000 crore

(2) Rs. 2000 crore

(3) Rs. 3500 crore

(4) Rs. 4661 crore

24. With an objective to bring green revolution in the eastern region of India i.e. Assam, West Bengal, Orissa, Bihar, Jharkhand, eastern Uttar Pradesh and Chhattisgarh, what amount has been allocated in Union Budget 2011-12 for the programme that will target the rice based cropping system?

(1) Rs. 325 crore

(2) Rs. 400 crore

(3) Rs. 315 crore

(4) Rs. 415 crore

25. To build judicial infrastructure and E-courts project, the plan provision for the Department of justice has been increased three-fold to in the Union Budget 2011-12.

(1) Rs. 1000 crore

(2) Rs. 951 crore

(3) Rs. 2000 crore

(4) Rs. 1051 crore

26. In the Union Budget 2011-12 estimates presented in the Lok Sabha on February 28, 2011 the government has pegged fiscal deflect for 2011-12, at____ of Gross Domestic Product (GDP).

(1) 4.8 percent

(2) 4.6 percent

(3) 4.9 percent

(4) 4.15 percent

27. Plan expenditure which broadly includes spending on assets and is perceived to provide a push to the economic growth is estimated to be____in 2011-12, as mentioned in the Union Budget 2011-12.

(1) Rs. 441500.09 crore

(2) Rs. 400000 crore

(3) Rs. 441546.75 crore

(4) Rs. 14546.7 crore

28. In the Union Budget 2011-12 presented on February 28, 2011, a big push to the infrastructure sector has been announced. What allotment has been proposed on the transport and the energy sectors out of Rs. 5.92 lakh crore earnmarked in the Central Plan?

(1) Rs. 2.72 lakh crore

(2) Rs. 1.72 lakh crore

(3) Rs. 1.75 lakh crore

(4) Rs. 1.89 lakh crore

29. Union Finance Minister Pranab Mukherjee has made a total allocation of____to give a greater to flagship programme Bharat Nirman,covering six sectors.

(1) Rs. 56000 crore

(2) Rs. 58000 crore

(3) Rs. 10000 crore

(4) Rs. 85000 crore

30. In the Union Budget 2011-12 proposals,what amount has been allocated under the Indira Awas Yojana for construction of house for BPL families in the left wing Extremist(LWE) districts?

(1) Rs. 8096 crore

(2) Rs. 18999 crore

(3) Rs. 8996 crore

(4) Rs. 7996 crore

31. In the union Budget 2011-12 presented in the parliament on February 28, 2011 by what percentage the defence budget has been raised from Rs. 147344 crore in 2010-11?

(1) 11.59 percent

(2) 12.59 percent

(3) 11.95 percent

(4) 12.5 percent

32. According to the Union Budget 2011-12, an international award with prize money of Rs. 1crore is to be instituted for promoting the values of universal brotherhood in the memory of

(1) Mahatma Gandhi

(2) Rabindranath Tagore

(3) Devendranath Tagore

(4) Subhash Chandra Bose

ANSWERS

1.(2) 2.(4) 3.(4) 4.(1) 5.(2) 6.(3) 7.(4) 8.(1) 9.(3) 10.(2) 11.(3) 12.(2) 13.(1) 14.(2) 15.(3) 16.(1) 17.(4) 18.(3) 19.(2) 20.(3) 21.(2) 22.(2) 23.(1) 24.(2) 25.(1) 26.(2) 27.(3) 28.(1) 29.(2) 30.(3) 31.(1) 32.(2)

18. (2) The correct answer is Rs. 816182 crore 19. (2) The correct answer is Rs. 24 paise. 20. (3) The correct answer is Rs. 11 paise.