Expected Questions from Union Budget 2015-16 : Set 4

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Hi friends, I am Ramachandran. T. Here I am sharing the Set 4 important questions on Union Budget 2015-16. I am planning to provide few more sets on this topic. At the end of these sets, I will provide you with the pdf version of the same. Happy Reading :)

IIT to be set up in which state ?

• Karnataka

Which institue will be upgraded to full IIT ?

• Indian School of Mines in Jharkhand's Dhanbad

What is FEMA and which section of it to be amended ?

• FEMA (foreign exchange management act), Section 6

What does Public procurement law speaks about ?

• wrongdoings by officials in public procurement

Which states has been selected for Global Heritage sites ?

• Kerala

PM Agri loans gets extra allocation of an amount, What is equal to ?

• 56 cr

What is PPP mode ?

• Public Private Partnership

What are all the schemes related to insurance proposed in the union budget ?

• Pradhan Mantri Suraksha Bima Yojana,
• Atal Pension Yojana and
• Pradhan Mantri jeevan jyoti Bima Yojana

The Union budget announced a new scheme, Nai Manzil. This scheme will be hepful for ?

• Minority youth without a formal school-leaving certificate to obtain one and find better employment

Rs.70, 00 crores is allocated for what type of scheme ?

• Investment on Infrastructure

Which state is to have University of disability Studies ?

• Kerala

 What is the amount allocated for Research and Development ?

• 150 cr

What is NITI and where is it located ?

• National Institution of Transforming India (NITI) , Delhi

Centre for film production, animation and gaming to come up in which state ?

• Arunachal Pradesh

PG Institute of Horticulture to be set up in which state ?

• Amritsar

For the Atal Pension Yojana, govt. will contribute ___________ of the premium limited to Rs. 1,000 a year.

• 50%

Renewable energy target for 2022: __________ MW in solar; ___________ in wind; _______ in biomass and 5K MW in small hydro plants.

• 100K MW, 60K MW and 10 K MW

Visa on arrival for ________countries are available.

• 150 countries

NBFCs registered with the RBI and having asset size of __________ crore and above to be considered as ‘financial institution’ under Sarfaesi Act, 2002, enabling them to fund SME and mid-corporate businesses

• Rs 500 Crore

Read Set 1 of Expected Questions from Union Budget 2015-16 from here 

Read Set 2 of Expected Questions from Union Budget 2015-16 from here 

Read Set 3 of Expected Questions from Union Budget 2015-16 from here

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