The following quiz will have 5 MCQs. The questions are framed from Budget 2019-20. Questions may also be formed from the schemes that were mentioned the Budget 2019-2020.
This quiz is intended to introduce you to concepts and certain important facts relevant to UPSC IAS civil services preliminary examination 2019 and 2020. It would also help you in mains examination as you can quote facts of Budget, its schemes in Mains Examination where required. It is not a test of your knowledge. If you score less, please do not mind. Read again sources provided and try to remember better.
LBASNAA’s Budget 2019-20 QUIZ For Prelims 2019 The following Quiz is based on the Budget 2019-20. Solving these questions will help you retain both concepts and facts relevant to UPSC IAS civil services exam.
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Question 1 of 5
1. Question
Consider the following statements with reference to the Fiscal Responsibility and Budget Management (FRBM) Act
This Act prescribes that the Debt to GDP ratio of the Government of India should be brought down to to 40% by 2024-2025.
India’s Debt to GDP ratio was 46.5 % in the year 2017-18.
Select the correct answer using the codes below:
Correct
Ans.(c)
The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. The targets were put off several times. In May 2016, the government set up a committee under NK Singh to review the FRBM Act. The government believed the targets were too rigid. The committee recommended that the government should target a fiscal deficit of 3 per cent of the GDP in years up to March 31, 2020 cut it to 2.8 per cent in 2020-21 and to 2.5 per cent by 2023. This Act prescribes that the Debt to GDP ratio of the Government of India should be brought down to to 40% by 2024-2025.India’s Debt to GDP ration was 46.5 % in the year 2017-18.
Incorrect
Ans.(c)
The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits. The targets were put off several times. In May 2016, the government set up a committee under NK Singh to review the FRBM Act. The government believed the targets were too rigid. The committee recommended that the government should target a fiscal deficit of 3 per cent of the GDP in years up to March 31, 2020 cut it to 2.8 per cent in 2020-21 and to 2.5 per cent by 2023. This Act prescribes that the Debt to GDP ratio of the Government of India should be brought down to to 40% by 2024-2025.India’s Debt to GDP ration was 46.5 % in the year 2017-18.
Question 2 of 5
2. Question
Consider the following statements with reference to the Vande Bharat Express Train
It was the first indigenously developed train under ‘Make in India’ Initiative.
The train is also the country’s fastest engineless train, manufactured by Integral Coach Factory in Chennai.
The semi high-speed train will be fully air-conditioned.
Select the correct answer using the codes below:
Correct
Ans.1- (d)
Recently named as Vande Bharat Express, Train 18 has been developed under Prime Minister Narendra Modi’s ambitious ‘Make in India’ plan. The new train, which is also the country’s fastest engineless train at 180 kmph speed has been manufactured by Integral Coach Factory in Chennai at a cost of Rs 97 crore. The 16-coach Train 18 is equipped with many ‘State of the Art’ passenger amenities like bio-vacuum toilets, rotating chairs in executive class, GPS based passenger information system, CCTV cameras, on-board wifi entertainment etc. The new train, which is all set to replace Shatabdi Express trains, will travel between Delhi and Varanasi.The fully air-conditioned train
Incorrect
Ans.1- (d)
Recently named as Vande Bharat Express, Train 18 has been developed under Prime Minister Narendra Modi’s ambitious ‘Make in India’ plan. The new train, which is also the country’s fastest engineless train at 180 kmph speed has been manufactured by Integral Coach Factory in Chennai at a cost of Rs 97 crore. The 16-coach Train 18 is equipped with many ‘State of the Art’ passenger amenities like bio-vacuum toilets, rotating chairs in executive class, GPS based passenger information system, CCTV cameras, on-board wifi entertainment etc. The new train, which is all set to replace Shatabdi Express trains, will travel between Delhi and Varanasi.The fully air-conditioned train
Question 3 of 5
3. Question
Consider the following statements regarding Standup India Scheme
1. It provides support for entrepreneurship for among women and SC & ST communities only. 2. The scheme offers bank loans of between ₹10 lakh and ₹1 crore for scheduled castes and scheduled tribes and women setting up any new enterprises outside of the farm sector. Select the correct answer using the codes below.
Correct
Ans.C) The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
Incorrect
Ans.C) The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur
Question 4 of 5
4. Question
Which of the following got the Maximum allocation in the Budget of 2019-2020?
Correct
Ans.- (a) Approximated Budget allocations of the Budget 2019-2020
Which of the following are the part of National Education Mission
Sarva Shiksha Abhiyaan
Rashtriya Madhyamik Shiksha Abhiyan
Teacher Training
Select the correct answer using the codes below.
Correct
Ans d) National Education Mission which comprises the Centrally sponsored schemes for education under which it allocates funds to the states and union territories. This amount is meant to be allocated for schemes which include Samagra Shiksha Abhiyan — formed with the merger of Sarva Shiksha Abhiyan and Rashtriya Madhyamik Shiksha Abhiyan last year — and teacher training.
Incorrect
Ans d) National Education Mission which comprises the Centrally sponsored schemes for education under which it allocates funds to the states and union territories. This amount is meant to be allocated for schemes which include Samagra Shiksha Abhiyan — formed with the merger of Sarva Shiksha Abhiyan and Rashtriya Madhyamik Shiksha Abhiyan last year — and teacher training.
