MCQs on Union Budget 2016-17 : Set 1

1) What is 'Bharat Binary Scheme' ?

a) Digital literacy scheme for rural India.
b) Digital literacy scheme for urban India.
c) Digital literacy scheme for whole India.
d) Digital literacy scheme for local self governing institutions.

2) Considering the fiscal consolidation roadmap, what is the fiscal deficit target for 2016-17, as the percentage of GDP ?

a) 3.7%
b) 3.9%
c) 3.5%
d) 3%

3) Which of the following is/are the implications of the hike in excise duty levied on aviation turbine fuel from 8% to 14% ?

a) Reduction in profit margins for airline companies.
b) Drop in air traffic in India.
c) Regional connectivity will be affected.
d) Both a and b

4) Which of the following measures did not figure in the budget for speeding up reforms in banking sector?

a) Listing of general insurance companies.
b) Rs 25000 cr capital infusion in public sector banks.
c) Transformation of SBI
d) 100% FDI in asset reconstruction companies through automatic route.

5) Mark true or false against each of the following statements indicating economic health for the year 2015-16.

a) Fiscal deficit was 3.5% of GDP.
b) IIP growth rate was 3.1%.
c) GDP growth rate was 7.6% ( Base year 2011-12)
d) Manufacturing GDP growth was 9.5%.
e) CPI inflation from April 2015-January 2016 was 4.8%
f) Agricultural GDP growth was 1.1%.

Answers:

1) a
2) c
3) d ( refer regional connectivity scheme)
4) c, Transformation of IDBI
5) Excerpt first statement all other statements are true. F.D. was 3.9% of GDP