Hello and welcome to ExamPundit. Here is a set of Quiz on Union Budget 2015-16. It is very important for the Upcoming NICL AO, NICL Assistant and other Insurance and Banking Exams in 2015. Expect these questions in the NICL AO exam. Similar to the number 15 question came in LIC AAO yesterday.


1. In the Union Budget 2015-16, Service tax was raised from ____% to 14%.
(a) 12.46
(b) 12.36
(c) 12.63
(d) 12.26
(e) None of the above




2. What is the Defence Budget in 2015-16 Union Budget? (Options in Lacs Crore)
(a) 2.35
(b) 2.26
(c)  2.46
(d) 2.29
(e) 2.31




3. What is the increased Excise Duty on Cigarettes in Union Budget 2015-16?
(a) 23%
(b) 22%
(c)  15%
(d) 25%
(e) 40%




4. Union Government announced Swachch Bharat cess on selected services. What will be the % added to the services under this cess?
(a) 1.2%
(b) 1%
(c)  2.3%
(d) 4%
(e) 2%



5. What is the premium amount of Pradhan Mantri Suraksha Bima Yojana?
(a) Rs 12
(b) Rs 14
(c)  Rs 16
(d) Rs 24
(e) Rs 11



6. What is the amount Increased in limit of deduction in health insurance premium?
(a) Rs 25,000
(b) Rs 40,000
(c)  Rs 15,000
(d) Rs 10,000
(e) Rs 30,000




7. Permanent Account Number (PAN) was made mandatory for transactions above ______ rupees.
(a) 75 thousand
(b) 50 thousand
(c)  2 lacs
(d) 1 lac
(e) 1 lac 50 thousand




8. The Plan Expenditure for 2015-16 is set at Rs __________ crores.
(a) 4,65,277
(b) 4,25,277
(c)  4,35,277
(d) 4,65,377
(e) 4,25,377




9. Name the state(s) announced in the Budget 2015-16 to receive Special Financial Assistance by Centre Government?
(a) Telengana
(b) Bihar
(c)  West Bengal
(d) Both (a) & (b)
(e) Both (b) & (c)




10. Indian School of Mines which is proposed to be upgraded to IIT is located in which State?
(a) Chhattisgarh
(b) Odisha
(c)  Jharkhand
(d) Madhya Pradesh
(e) Bihar




11. Which of the following is/are NOT a salient feature of PM Jeevan Jyoti Bima Yojana?
(a) A premium of Rs 330 per Annum.
(b) A coverage of Rs 2 Lacs in Case of Death or Disability.
(c)  The age limit is from 18 years to 55 years.
(d) Both (a) & (b)
(e) Both (b) & (c)




12. What is the healthcare expenditure set for 2015-16? (Options in Crore)
(a) 33,156
(b) 33,152
(c)  23,156
(d) 23,152
(e) 44,156




13. In the Union Budget 2015-16, it was announced that the Corporate tax will be gradually reduced from 30% to 25% over the period of ____ years.
(a) 3
(b) 2
(c)  4
(d) 5
(e) 7




14. What is the amount allocated to support micro-irrigation, watershed development and the 'Pradhan Mantri Krishi Sinchai Yojana'?
(a) 5,300 Crore
(b) 5,600 Crore
(c)  6,300 Crore
(d) 6,500 Crore
(e) 5,800 Crore



15. What is Paramparagat Krishi Vikas Yojana?
(a) A watershed development scheme
(b) An organic farming scheme
(c)  Co-operative Agricultural Credit scheme
(d) Agricultural infrastructure development scheme
(e) None of them




Books For 2015 Banking/Insurance Exams