Union Budget Quiz 2019 | Multiple Choice Questions (MCQs) on Budget 2019-20

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Indian Finance Minister Nirmala Sitharaman on 5th July 2019 presented the Union Budget 2019-20. This budget is very important for upcoming competitive exams of the year 2019, especially IBPS and other bank exams. So we are giving you most expected questions from Union Budget 2019 in MCQ (Multiple Choice Questions) format. This quiz will help you in getting good idea on the latest budget 2019. We are planning to share around 20 sets of MCQs. So keep visiting gr8ambitionz for more quizzes on Budget 2019-20. Happy Reading :)

Union Budget 2019 Questions for Bank Exams

Name the first woman to present Union Budget ?

1. Nirmala Sitharaman
2. Sheila Sri Prakash
3. Indira Gandhi
4. Sushma Swaraj
5. Meira Kumar

Name the 1st female full-time finance minister to present the Union Budget ?

1. Nirmala Sitharaman
2. Mitali Madhumita
3. Vijaya Lakshmi Pandit
4. Indira Gandhi 
   
5. Kadambini Ganguly

The difference between Revenue Deficit and Grants for Creation of Capital Assets is called as ?

1. Budget Deficit
2. Fiscal Deficit
3. Revenue Deficit
4. Primary Deficit 
5. Effective Revenue Deficit

Pradhan Mantri Awas Yojana – Gramin (PMAY-G) aims to achieve the objective of “Housing for All” by which year ?

1. 2020
2. 2021
3. 2022
4. 2023
5. 2025

Finance minister proposed to enhance surcharge on individual income of Rs 2-5 crore and over Rs 5 crore by _____ % and _______ % respectively.

1. 1%, 5%
2. 6%, 2%
3. 8%, 5%
4. 9%, 2%
5. 3%, 7%

All companies having annual turnover of 400 crores, will now be under the bracket of _________ % corporate tax rate .

1. 35%
2. 25%
3. 32%
4. 68%
5. 94%

Budget 2019-20 reflects the Government’s firm commitment to substantially boost investment in which of the following sectors ?

1. Agriculture Sector
2. Social Sector
3. Education Sector
4. Health Sector
5. All of the above

What was India’s Ease of Doing Business ranking under the category of ‘paying taxes’ in 2019 ?

1. 131
2. 64
3. 78
4. 121 
5. 92

Union Budget 2019 proposed the custom duty on gold and other precious metals from 10% to ___________%

1. 11.5%
2. 10.5%
3. 12.5%
4. 6.5%
5. 12.5%

To help promote Gandhian school of thought, ____________ to be developed on the lines of encyclopedia ?

1. Mahatma-pedia
2. Bharat-pedia
3. Gandhi-pedia
4. Mohandas-pedia
5. Bapuji-pedia

According to Nirmala Sitaraman's Budget Speech, Indian Economy is now the ______th largest in the world. [5 years ago, it was at the 11th position].

1. 5th
2. 6th
3. 7th
4. 8th
5. 12th

Moving away from a British-era tradition, Sitharaman ditched the traditional briefcase that has been used by past finance ministers who have presented the budget. Instead, she chose to carry the Budget 2019 documents in a ________ with National Emblem embossed on it.

1. Pink file 
2. National flag
3. Hardbound book
4. Red cloth
5. Laptop

Chief Economic Advisor Krishnamurthy Subramanian termed the budget as __________

1. Avaspithi
2. Ekaadhikaar
3. Vilambit Nivida
4. Bahi khata 
5. Anudaan
6. Dohari lekha

The difference between the Revenue Receipts plus Non-debt Capital Receipts (NDCR) and the total expenditure is known as ?

1. Budget Deficit
2. Fiscal Deficit
3. Revenue Deficit
4. Primary Deficit
5. Effective Revenue Deficit

___________ refers to the excess of revenue expenditure over revenue receipts ?

1. Fiscal Deficit
2. Primary Deficit
3. Revenue Deficit
4. Effective Revenue Deficit 
5. Budget Deficit

According to the Union Budget 2019, the fiscal deficit in 2019 is ______%

1. 5.6%
2. 9.3%
3. 3.3%
4. 3.1%
5. 2.7%

A dispute resolution cum amnesty scheme is being introduced for resolution and settlement of legacy cases of Central Excise and Service Tax.  Name it ?

1. Sabka Suraksha Dispute Resolution Scheme, 2019
2. Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 
3. Samaj Vikas Legacy Dispute Resolution Scheme, 2019
4. Sabki Unnati Dispute Resolution Scheme, 2019
5. Sarvadhikari Pradhanmantri Dispute Resolution Scheme, 2019

That's all for now friends. We will post more MCQs on Union Budget 2019-20 soon. You can download complete highlights of Union Budget 2019 from HERE.Good Day :)

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