Current Affairs Quiz Based on Union Budget 2020-21 : Key Highlights

Current Affairs Quiz Based on Union Budget 2020-21:

We have come up with important Quiz Questions based on the Union Budget 2020-21 that are expected in the upcoming exams.To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains, RBI Assistant Mains and NABARD Grade A Prelims, we are providing you Current Affairs Quiz. 

Q.1. According to the budget, how much amount has been allocated for education sector in 2020-21?

(a)99,300 crore

(b)33,000 crore

(c)87,300 crore

(d)69,000 crore

(e)53,700 crore

Answer & Explanation
Ans.1.(a)

Exp.FM announces Rs 99,300 crore outlay for education sector in 2020-21 and Rs 3,000 crore for skill development.

Q.2. According to the budget, how much amount has been allocated for Skill development?

(a)99,300 crore

(b)3,000 crore

(c) 7,300 crore

(d)69,000 crore

(e)53,700 crore

Answer & Explanation
Ans.2.(b)

Exp. FM announces Rs 99,300 crore outlay for education sector in 2020-21 and Rs 3,000 crore for skill development.

 

Q.3. How much amount has been allocated for development of industry and commerce for year 2020-21 according to the budget?

(a)29,300 crore

(b)33,000 crore

(c)27,300 crore

(d)39,000 crore

(e)33,700 crore

Answer & Explanation
Ans.3.(c)

Exp. Govt proposes Rs 27,300 crore for development of industry and commence for year 2020-21.

Q.4. How much funds has been allocated for the power and renewable energy sector?

(a)29,300 crore

(b)20,000 crore

(c)37,300 crore

(d)29,000 crore

(e)23,700 crore

Answer & Explanation
Ans.4.(b)

Exp. FM announces Rs 20,000 crore for the renewable energy sector.

Q.5. How much funds has been allocated for National Mission on Quantum Computing and Technology?

(a)6,000 crore

(b)3,000 crore

(c)7,500 crore

(d)8,000 crore

(e)9,500 crore

Answer & Explanation
Ans.5.(d)

Exp. An allocation of Rs 8,000 crore for National Mission on Quantum Computing and Technology.

Q.6. According to the budget, how much amount has been allocated under Bharat Net programme for internet connectivity?

(a)6,000 crore

(b)7,000 crore

(c)8,500 crore

(d)8,000 crore

(e)9,500 crore

Answer & Explanation
Ans.6.(a)

Exp. Fibre to Home connections under Bharat Net will be provided to 1 lakh gram panchayats this year itself, 6000 crore rupees provided for Bharat Net.

Q.7. According to the budget, how much amount has been allocated for transport sector overall?

(a)Rs 1.5 trillion

(b)Rs 1.7 trillion

(c)Rs 2.7 trillion

(d)Rs 3.8 trillion

(e)Rs 2.0 trillion

Answer & Explanation
Ans.7.(b)

Exp. Government allocates Rs 1.7 trillion for transport sector overall .

Q.8. As per the interim budget 2020, how much amount has been allocated for senior citizens and ‘Divyang’?

(a)6,000 crore

(b)9,000 crore

(c)7,500 crore

(d)8,000 crore

(e)9,500 crore

Answer & Explanation
Ans.8.(e)

Exp. Enhance allocation of Rs 9500 crores for senior citizens and ‘Divyang’.

Q.9. According to the budget 2020, how many archaeological sites will be developed with on-site museums?

(a)2

(b)3

(c)4

(d)5

(e)7

Answer & Explanation
Ans.9.(d)

Exp. 5 archaeological sites to be developed with on-site museums

Rakhigarhi, Haryana.

Hastinapur, Uttar Pradesh.

Sivasagar, Assam.

Dholavira, Gujarat.

Adichanallur, Tamil Nadu

Q.10. How much funds has been allocated for welfare of SC and other backward classes in 2020-21?

(a)99,300 crore

(b)85,000 crore

(c)77,300 crore

(d)69,000 crore

(e)53,700 crore

Answer & Explanation
Ans.10.(b)

Exp. FM proposes budget provision of Rs 85,000 crore in 2020-21 for welfare of SC and other backward classes.

Q.11. How much funds has been allocated for development and welfare of Scheduled Tribes in 2020-21?

(a)49,300 crore

(b)85,000 crore

(c)77,300 crore

(d)69,000 crore

(e)53,700 crore

Answer & Explanation
Ans.11.(e)

Exp. Govt proposes Rs 53,700 crore for development and welfare of Scheduled Tribes.

Q.12. According to the budget, how much amount has been allocated for cultural ministry?

(a)23,300 crore

(b)23,150 crore

(c)27,300 crore

(d)24,000 crore

(e)33,700 crore

Answer & Explanation
Ans.12.(b)

Exp. 23,150 crore for cultural ministry

 

Q.13. According to the budget, how much amount has been allocated for Tourism promotion?

(a)1500 crore

(b)2000 crore

(c)2300 crore

(d)2500 crore

(e)3000 crore

Answer & Explanation
Ans.13.(d)

Exp. Tourism promotion, Rs. 2,500 crore allocated.

Q.14. How much funds has been allocated for development and welfare of newly formed UT of Ladakh?

(a)4000 crore

(b)4258 crore

(c)5958 crore

(d)6200 crore

(e)5756 crore

Answer & Explanation
Ans.14.(c)

Exp. Allocation of Rs 30,757 crores for 2020-21 for Jammu and Kashmir and Rs 5,958 crores for Ladakh.

Q.15. How much funds has been allocated for development and welfare of newly formed UT of Jammu & Kashmir?

(a)35,678 crore

(b)30,757 crore

(c)20,555 crore

(d)35,500 crore

(e)32,117 crore

Answer & Explanation
Ans.15.(b)

Exp. Allocation of Rs 30,757 crores for 2020-21 for Jammu and Kashmir and Rs 5,958 crores for Ladakh.

Q.16.How much funds has been allotted to prepare for hosting G20 presidency in 2022?

(a)150 crore

(b)200 crore

(c)250 crore

(d)100 crore

(e)300 crore

Answer & Explanation
Ans.16.(d)

Exp. Rs 100 crore allotted to prepare for hosting G20 presidency in 2022.

Q.17. According to the budget, the government has planned to hike investment limit of Foreign Portfolio Investor (FPI) in corporate bond from 9% to _______.

(a)10 %

(b)12 %

(c)15%

(d)20 %

(e)25 %

Answer & Explanation
Ans.17.(c)

Exp. Plan to hike FPI limit in corporate bonds to 15% from 9%: FM Nirmala Sitharaman

Q.18. How much amount has been allocated for the healthcare sector for year 2020-21 according to the budget?

(a)79,300 crore

(b)70,000 crore

(c)77,300 crore

(d)69,000 crore

(e)53,700 crore

Answer & Explanation
Ans.18.(d)

Exp. Rs 69,000 crores for allocated for the healthcare sector.

Q.19. According to the budget, Agriculture credit target for the year 2020-21 has been set to ____ lakh crore rupees.

(a)5

(b)10

(c)15

(d)20

(e)12

Answer & Explanation
Ans.19.(c)

Exp. Agri credit target for the year 2020-21 has been set at 15 lakh crore rupees.

Q.20. What is the inflow of FDI in India during 2014-19?

(a)$280 billion

(b)$282 billion

(c)$284 billion

(d)$286 billion

(e)$288 billion

Answer & Explanation
Ans.20.(c)

Exp. FDI in India rises to $284 billion during 2014-19.

Q.21. How much funds has been allocated for Swachh Bharat for 2020-21 according to the budget?

(a)20,000 crore

(b)12,300 crore

(c)21,500 crore

(d)8,000 crore

(e)9,500 crore

Answer & Explanation
Ans.21.(b)

Exp. Allocation for Swachh Bharat for 2020-21 stands at Rs 12,300 crore.

Q.22. In the interim budget 2020, Govt proposed Rs _________lakh crore towards piped water supply to households.

(a)1.2

(b)2.4

(c)3.6

(d)4.2

(e)5.5

Answer & Explanation
Ans.22.(c)

Exp. Govt proposed Rs 3.6 lakh crore towards piped water supply to households.

Q.23. According to the budget, how much amount has been allocated for National Textile Mission?

(a)1,000 crore

(b)3,200 crore

(c)2,500 crore

(d)1,480 crore

(e)4,500 crore

Answer & Explanation
Ans.23.(d)

Exp. Rs 1,480 cr for National Textile Mission.

Q.24. Nirmala Sitharaman proposed funds of _______ for the solution to fix Delhi’s pollution.

(a)4,000 crore

(b)3,000 crore

(c)2,500 crore

(d)5,000 crore

(e)4,400 crore

Answer & Explanation
Ans.24.(e)

Exp. Nirmala Sitharaman has a Rs 4,400 cr solution to fix Delhi’s pollution.

Q.25. Fiscal deficit target for FY20-21 is __________.

(a)3.4%

(b)3.5%

(c)3.6%

(d)3.7%

(e)3.8%

Answer & Explanation
Ans.25.(b)

Exp. FY21 fiscal deficit target pegged at 3.5% of GDP.

Q.26. What was the theme for budget 2020?

(a)Maximum Benefit

(b)Aspirational

(c)New India

(d)Development Friendly

(e)Economical

Answer & Explanation
Ans.26.(b)

Exp. Budget 2020 theme: Aspirational, Aspirational theme covers agricuture, irrigation rural develepment, Committed to doubling farmers income by 2022. Financial inclusion has raised farmers’ income.

Q.27. What is the income tax percentage for Income tax bracket 12.5-15 lakh?

(a)10%

(b)15%

(c)20%

(d)25%

(e)No Tax

Answer & Explanation
Ans.27.(d)

Exp. Rs. 12.5-15 lakh = 25%

Q.28. What is the income tax percentage for Income tax bracket 2.5-5 lakh?

(a)10%

(b)15%

(c)20%

(d)25%

(e)No Tax

Answer & Explanation
Ans.28.(e)

Exp. Rs. 2.5-5 lakh = No tax

Q.29. The budget has proposed to increase the deposit insurance cover under DICGC to __________per depositor.

(a)2 Lakh

(b)3 Lakh

(c)4 Lakh

(d)5 Lakh

(e)6 Lakh

Answer & Explanation
Ans.29.(d)

Exp. Your money becomes safer: Insurance cover increased to Rs 5 lakh per depositor.

  1. _______ point guide to make India an aspirational economy:-

(a)12

(b)14

(c)16

(d)18

(e)10

Answer & Explanation
Ans.30. (c)

Exp: 16-point guide to make India an aspirational economy

Union Budget 2020-21 : Download PDF

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