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October 6, 2013

Quiz-18 - Union Budget 2013 - for UPSC, APPSC, IBPS & Bank Po General Awareness Exams

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1) What is the fiscal deficit for 2012-13 (FY 2013) as announced in the Union Budget 2013-14?
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Quiz-18 - Union Budget 2013 - for UPSC, APPSC, IBPS & Bank Po General Awareness Exams
2) What is the fiscal deficit for 2013-14 (FY 2014) as announced in the Union Budget 2013-14? –
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3) What is the total outlay for planned expenditure, as announced in the Union Budget of 2013-14? – 
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4) What is the total outlay for budget expenditure, as announced in the Union Budget of 2013-14? – 
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5) What is the total outlay for non-planned expenditure, as announced in the Union Budget of 2013-14? –
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6) Finance Minister P. Chidambaram didn’t announce any changes in the tax rates for 2013-14, which were much anticipated. He however, announced a tax credit for people earning between Rs. 2 lakh to Rs. 5 lakh. How much tax credit would be given to people in this income bracket? –
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7) A 10% additional tax surcharge has been imposed on super-rich people of the country, by which their effective tax rate has gone up from the present 30.9% to 33.9%. What is the definition of these super-rich?
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8) What is the name of a special fund of Rs. 1,000 crore announced in the Union Budget 2013-14, which has been created to empower women and provide safety to them in wake of the Delhi gangrape incident? –
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9) How much TDS (tax deduction at source) was imposed on sale of immovable property in the Union Budget 2013-14?  (This is not applicable to agricultural land)

10) It was announced in the Union Budget 2013-14, that all public sector banks would have ATMs at all of their branches. What is the deadline for implementation of this announcement? – 
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11) What was the total outlay for defence forces for 2013-14, as announced in the Union Budget 2013-14? –
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12) It was announced in the Union Budget 2013-14 that every town with a specific population will have an LIC branch. What was the announced specification of such towns? – 
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13) Announcement of India’s first all-woman bank was made in the Union Budget 2013-14. How much initial capital would be provided by the Union Govt. to open this bank? –  (The proposed bank will lend mostly to women and women run businesses, support women SHGs (self help groups) and women’s livelihood)
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14) Establishment of two new ports has been announced in the Union Budget 2013-14. In which states these new ports are to be established? –
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15) An Indian Institute of Agri-Biotechnology (IIAB) was announced in the Union Budget 2013-14. In which city this proposed institute will be established? – 
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16) Finance Minister mentioned name of two countries in his budget announcement, which are the only major countries in the world to have grown at a faster rate than India during the last year. Which are these two countries? – 
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17) Excise duty on sports utility vehicles (SUVs) was increased to 30% in the Union Budget 2013-14. What was the present excise duty on SUVs? – 

18) Two changes were made in the Rajiv Gandhi Equity Savings Scheme (RGESS) in the Union Budget 2013-14. What are these changes? – 
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19) How much import duty has been imposed on imported luxury cars in the Union Budget 2013-14? – 
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20) Duty free limits on gold were increased in the Union Budget 2013-14. What are the new limits now? – 
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