Union Budget 2017 : Part-1

Question 1 For which of the following recommendations of the 'Economic Survey', specific provisions has/have been taken under the Union Budget 2017?

a) Establishing a 'bad bank'.
b) Implementing 'Universal Basic Income' scheme.
c) Both a and b
d) Neither a nor b

Question 2 With respect to instituting reforms in 'poll financing' or 'political funding', which of the following measures has not been proposed under the Union Budget 2017?

a) Limiting the anonymous or unnamed cash donations from a single person to Rs 2000/-.
b) An 'electoral bond scheme' to make donations to political parties.
c) Creation of a 'national electoral fund'.
d) Entitling political parties to receive donations by cheque or digital mode.

Question 3 Which of the following organisations has been proposed to abolish under the Union Budget 2017?

a) FIPB
b) BCCI
c) CERT-In
d) None of the above

Question 4 With respect to the health sector, which of the following announcements has/have been made under the Union Budget 2017?

a) Two new AIIMS to be established in Jharkhand and Gujarat.
b) Hiking taxes on tobacco products excluding beedis.
c) An action plan to eliminate Kala-azar, Filariasis, Leprosy, Measles and Tuberclosis.
d) All of the above.

Question 5 To strengthen the e-payment systems in the country, the centre has proposed a new regulatory board - the Payment Regulatory Board. Which of the following statements is/are correct in this respect?

a) The board will be set up under the control of SEBI.
b) The board is based on the recommendations of Dr. Ratan Watal Committee on Digital Payments.
c) Both a and b
d) Neither a nor b  

Answers

1) d
2) c
3) a
4) d
5) b , The six-member board will be set up within the RBI. It would be headed by the RBI's Governor.