Hello and welcome to ExamPundit. Here are the MOST IMPORTANT Expected Questions from Union Budget 2016-17.
1. According to Union Budget 2016-17, Growth of Economy accelerated to
what per cent in 2015-16?
what per cent in 2015-16?
– 7.6%
2. According to Union Budget 2016-17, foreign exchange reserves touched
highest ever level of about how much?
highest ever level of about how much?
– $ 350 billion
3. What is the ‘Clean Environment Cess’ rate in Union Budget 2016-17?
– Rs. 400 per tonne
4. What percent of Krishi Kalyan Cess is introduced in the Union Budget
2016-17?
2016-17?
– 0.5%
5. Krishi Kalyan Cess will come into effect from ___________.
– 1 June 2016
6. 13 cesses, levied by various Ministries in which revenue collection
is less than __________ in a year to be
abolished.
is less than __________ in a year to be
abolished.
– Rs. 50 Crore
7. According to Budget 2016-17, What percent is the penalty rate where
there is misreporting of facts?
there is misreporting of facts?
– 200%
8. In Budget 2016-17, Additional tax at the rate of 10% of gross amount
of dividend will be payable by the recipients receiving dividend in excess of
________.
of dividend will be payable by the recipients receiving dividend in excess of
________.
– Rs. 10 Lakh per annum
9. In the Union Budget 2016-17, Finance Minister decided to raise the
ceiling of tax rebate under section 87A from Rs.2000 to ___________.
ceiling of tax rebate under section 87A from Rs.2000 to ___________.
– 5000 rupees
10. What amount was allocated for Agriculture and Farmers’ welfare in
Budget 2016-17?
Budget 2016-17?
– Rs. 35,984 crore
11. Name the newly announced irrigation scheme in Budget 2016-17 which
will bring 28.5 lac hectars under irrigation.
will bring 28.5 lac hectars under irrigation.
– Pradhan Mantri Krishi Sinchai
Yojana
Yojana
12. In Budget 2016-17, finance minister announced to create a dedicated
Long Term Irrigation Fund in which financial organisation?
Long Term Irrigation Fund in which financial organisation?
– NABARD
13. In Budget 2016-17, finance minister announced to create a dedicated
Long Term Irrigation Fund in NABARD. What will be the initial corpus?
Long Term Irrigation Fund in NABARD. What will be the initial corpus?
– 20,000 crore rupees
14. In Budget 2016-17, allocation under Pradhan Mantri Gram Sadak
Yojana was increased to ______________.
Yojana was increased to ______________.
– 19000 crore rupees
15. How much amount was allocated under Prime Minister Fasal Bima
Yojana?
Yojana?
– 5500 crore rupees
16. In Budget 2016-17, rupees 850 crore was allocated for how many
dairying projects?
dairying projects?
– 4
17. How much was allocated for rural sector?
– Rs. 87,765 crore
18. In Budget 2016-17, how much amount was announced to be given as
Grant in Aid to Gram Panchayats and Municipalities?
Grant in Aid to Gram Panchayats and Municipalities?
– Rs. 2.87 lakh crore
19. In the Budget 2016-17, how much amount was allocated for MGNREGS?
– 38500 Crore Rupees
20. How many Rurban Clusters will be developed under the Shyama Prasad
Mukherjee Rurban Mission?
Mukherjee Rurban Mission?
– 300
21. In Budget 2016-17, it was announced that 100% village
electrification will be completed by _______.
electrification will be completed by _______.
– 1st May, 2018
22. In Budget 2016-17, new scheme Rashtriya Gram Swaraj Abhiyan was
proposed with allocation of ________.
proposed with allocation of ________.
– 655 crore rupees
23. How much amount was allocated for social sector including education
and health care?
and health care?
– Rs.1,51,581 crore
24. How much amount was allocated for initial cost of providing LPG
connections to BPL families?
connections to BPL families?
– Rs. 2000 crore
25. Which health service programme was announced in Union Budget
2016-17?
2016-17?
– National Dialysis Services
Programme
Programme
26. How much amount was allocated for the 350th Birth Anniversary of
Guru Gobind Singh?
Guru Gobind Singh?
– 100 crore rupees
27. In the Budget 2016-17, it was announced that Higher Education
Financing Agency to be set-up with initial capital base of _________.
Financing Agency to be set-up with initial capital base of _________.
– 1000 crore rupees
28. How much amount was allocated for skill development?
– 1804 crore rupees
29. What percent of contribution will government pay for all new
employees enrolling in EPFO for the first three years of their employment?
employees enrolling in EPFO for the first three years of their employment?
– 8.33%
30. What was the total outlay for infrastructure in Budget 2016-17?
– Rs. 2,21,246 crore
31. GoI will pay contribution of 8.33% for of all new employees
enrolling in EPFO for ______.
enrolling in EPFO for ______.
– First 3 Years
32. GoI will pay contribution of 8.33% for of all new employees
enrolling in EPFO for the first three years of their employment. How much was
allocated for this purpose?
enrolling in EPFO for the first three years of their employment. How much was
allocated for this purpose?
– Rs. 1000 Crore
33. How much amount was allocated towards recapitalisation of Public
Sector Banks?
Sector Banks?
– Rs. 25000 crore
34. Which programme was announced to launch which will connect people
through exchanges in areas of language, trade, culture, travel and tourism?
through exchanges in areas of language, trade, culture, travel and tourism?
– “Ek Bharat Shreshtha Bharat”
35. According to Budget 2016-17, withdrawal up to what percent of the
corpus at the time of retirement to be tax exempt in the case of National
Pension Scheme (NPS)?
corpus at the time of retirement to be tax exempt in the case of National
Pension Scheme (NPS)?
– 40%
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