Dear aspirants,
We are presenting you the Union Budget 2019-20 MCQ for RBI Grade B FM Section of the exam. Also do read the answers provided at the end of quiz.
Q1. How many rural people are made are digitally literate under the Gramin Digital Saksharta Abhiyan?
- 1 crore
- 2 crore
- 4 crore
- 5 crore
Answer: (2)
As many as two crores rural Indians are now digitally literally literate as part of the Gramin Digital Saksharta Abhiyan
Q2. How much amount has been earmarked in budget 2019-20 for creating world class educational institutions?
- Rs 100 crore
- Rs 200 crore
- Rs 300 crore
- Rs 400 crore
Answer: (4)
An amount of Rs 400 crore has been provided for FY 2019-20 to create “World Class Institutions” in the field of education
Q3. How many LED bulbs distributed under Ujala Yojana per budget 2019-20?
- 35 crore
- 40 crore
- 45 crore
- 50 crore
Answer: (1)
Around 35 crore LED bulbs have been distributed under Ujala Yojana leading to cost saving of Rs. 18,341 crore annually
Q4. One woman in every SHG shall be made eligible for a loan of ______ under MUDRA scheme.
- Rs 50000
- Rs 75000
- Rs 100000
- Rs 200000
Answer: (3)
One woman in every SHG shall be made eligible for a loan of 1 lakh rupees under MUDRA scheme. For every verified woman SHG member having a Jan Dhan account, an overdraft of Rs 5000 will be allowed
Q5. How many iconic Tourist Sites will be developed into world-class tourist destinations?
- 15
- 17
- 19
- 21
Answer: (2)
The development of 17 Iconic Tourist Sites into world-class tourist destinations, to boost the tourism influx in India and serve as a model for other tourism sites
Q6. As per budget 2019-20 the government has proposed to infuse ________ capital into public sector banks?
- Rs 70,000 crore
- Rs 90,000 crore
- Rs 1,00,000 crore
- Rs 1,70,000 crore
Answer: (1)
Budget 2019 has proposed an additional push of Rs 70,000 crore to the public sector banks
Q7. For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during the current financial year, government will provide one time six months’ partial credit guarantee to public sector banks (PSBs) for first loss of up to _____?
- 5%
- 10%
- 15%
- 20%
Answer: (2)
For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during the current financial year, government will provide one time six months’ partial credit guarantee to public sector banks (PSBs) for first loss of up to 10 per cent
Q8. The government has proposed to reduce the net owned fund requirement for reinsurers to _____from Rs.5000 crore?
- 4000 crore
- 3000 crore
- 2000 crore
- 1000 crore
Answer: (4)
The government has proposed to reduce the net owned fund requirement for reinsurers to Rs.1000 crore from Rs.5000 crore earlier to attract international insurers find better risk pricing for the premiums offered
Q9. The government has set the disinvestment target of _____ for the financial year 2019-20.
- Rs 90,000 crore
- Rs 1,00,000 crore
- Rs 1,05,000 crore
- Rs 1,20,000 crore
Answer: (3)
The government has increased the disinvestment target to Rs 1,05,000 crore for the financial year 2019-20, over 16 percent from the interim Budget target
Q10. What % of TDS is applicable to an individual who withdraws cash equal to or over Rs 1 crore from his/her account in one financial year?
- 1%
- 2%
- 3%
- 4%
Answer: (2)
The 2 per cent tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore.
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Tags: Union Budget 2019-20 MCQ, Union Budget 2019-20 MCQ for RBI Grade B, RBI Grade B Union Budget 2019-20 MCQ