1) On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015
2) Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? - Arun Jaitley
3) Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit? - Rs 2.5 lakh
4) Health Insurance Premium deduction hiked from Rs. 15,000 to? - Rs. 25,000 (for senior citizens to Rs. 30,000)
5) Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs. 800
6) PAN card is must for all purchase above ____ rupees as proposed in Budget 2015-16? - Rs. 1 lakh
7) An additional ___% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%
8) Wht change was made in the Wealth tax? - Wealth tax abolished
9) DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code
10) Corporate tax to be reduced from 30% to ___ over next four years? - 25%
11) Mudra banks to be established with capital of Rs.___ crore? - 20000
12) Rs. ____ deduction for contribution to New Pension Scheme? - Rs. 50,000
13) GAAR implementation deferred by 2 years to? - April 2017
14) Service Tax rate hiked to ___% from 12.36%? - 14%
15) Tax free bonds were proposed in budget for? - Roads, railways, irrigation projects
16) Kisan Vikas Patra was reintroduced in Union Budget 2014. What is Kisan Vikas Patra?
Ans. Kisan Vikas Patra is a saving scheme that was announced by the Government of India that doubles the money invested in eight years and seven months. The Directorate of Small Savings Government of India, sells these saving bonds through all Post Offices in the country so that the scheme can be accessed by citizens from all over the country. A KVP can be encashed after two and a half years from the date of issue at the value it has been bought and the interest accrued for the period.
17) Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to .........?
Ans. Rs 15,000
18) Minimum pension increased to ...... per month in Budget 2014?
Ans. Rs 1,000
19) How many new IIMs have been announced in Union Budget 2014?
Ans. 5
Note: In HP, Punjab, Bihar, Odisha and Rajasthan
20) How many new IITs have been announced in Union Budget 2014?
Ans. 5
Note: To come up in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.
21) How many new AIIMs have been announced in Union Budget 2014?
Ans. 4
Note: To come up in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh.
22) Govt proposed to launch which programme to ensure broad band connectivity at village level as announced in Union Budget 2014?
Ans. 'Digital India’
23) Name the TV channel announced for farmers in Union Budget 2014-15?
Ans. KISAN TV
24) Name the TV channel announced for North East in Union Budget 2014-15?
Ans. Arun Prabha TV
25) Name the project on the river Ganga for inland waterways between Allahabad and Haldia announced in Union Budget 2014-15?
Ans. Jal Marg Vikas
Note: Rs 4,200 crore set aside for the purpose.
26) EPFO to launch which Service for contributing members?
Ans. Uniform Account Number
27) Name the new programme announced to give impetus to watershed development in the country with an initial outlay of Rs. 2142 crores?
Ans. Neeranchal
28) Name the scheme announced in Budget to generate awareness and help in improving the efficiency of delivery of welfare services meant for women?
Ans. Beti Bachao, Beti Padhao Yojana
29) Two National Institutes of Ageing announced to be set up in Union Budget will be at?
Ans. AIIMS, New Delhi and Madras Medical College, Chennai.
30) How much fund has been allotted to support about 600 new and existing Community Radio Stations?
Ans. Rs 100 crore
31) Swachh Bharat Abhiyan to cover every household with sanitation facility by the year?
Ans. 2019
32) Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called?
Ans. Namami Gange
33) Fund allocated for increasing safety of women in large cities?
Ans. Rs 150 crore
34) Amount allotted for the project of developing 100 Smart Cities?
Ans. Rs. 7,060 crore
35) Fund set aside for PSU banks capitalisation?
Ans. Rs 11,200 crore
36) Govt provides ..... crore for rehabilitation of displaced Kashmiri migrants as announced in Union Budget 2014-15?
Ans. Rs 500
37) How much fund has been provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured irrigation?
Ans. 1000 crore
38) Agriculture University announced in Budget will be set up at?
Ans. Andhra Pradesh & Rajasthan
39) Crisis Management Center for women will be open at?
Ans. Delhi
40) What is the targeted fiscal deficit for 2016 (year 2015-16) as announced in the Union Budget 2014-15?
Ans. 3.6% of GDP
41) How much fund was set aside for the proposed National Rural Internet and Technology Mission (NRITM)?
Ans. Rs. 500 crore
42) What special feature has been proposed for currency notes in the Union Budget 2014-15?
Ans. Currency notes will henceforth integrate Braille-features to benefit the visually-disabled people.
43) The National Industrial Corridor (NIC) that was proposed to be established in the Union Budget of 2014-15 will be at?
Ans. Pune
44) Plan expenditure pegged at ..... lakh crore?
Ans. Rs 5.75
45) Non-plan expenditure pegged at ...... crore?
Ans. Rs 12.19 lakh
