Questionnaire on Union Budget

1. In the Union Budget, rate of Service Tax was hiked from 12% to ____ - 14%
2. In the Union Budget 2015-16, Fiscal deficit seen at how much per cent of GDP in 2015/16? - 3.9 %
3. How much amount has been allocated to the Rural Infrastructure Development Bank in the Union Budget 2015-16? - Rs. 25,000 crore
4. According to the Union Budget, two new IIM will be opened in which of the following states? -Jammu & Kashmir and Andhra Pradesh
5. According to the Union Budget 2015-16, Non-Banking Financial Companies (NBFCs) registered with Reserve Bank of India (RBI) above _______ will be now considered as financial institutions? - Rs. 5,000 crore
6. How much amount has been allocated for Rural Employment Guarantee Scheme in the Union Budget 2015-16? - 346.99 billion rupees
7. How much amount has been allocated to Defence sector in the Union Budget 2015-16? - Rs. 2,46,726 crore
8. According to the Union Budget, how much per cent of Revenue Deficit to be seen in 2015-16? - 2.8%
9. According to the Union Budget 2015-16, how much per cent, rate of corporate tax will be reduced over next four years? - 25%
10. According to the Union Budget 2015-16, now details of PAN has to mentioned compulsory for transactions for more than _____.- Rs. 1 lakh
11. In the Union Budget 2015-16, increase in the limit of health insurance premium from current Rs 15,000 to ____.Rs. 25,000
12. How much amount has been allocated for micro-irrigation watershed projects in the Union Budget 2015-16? - Rs. 5,300 Crore
13. How much amount has been allocated to Infrastructure sector in the Union Budget 2015-16? - Rs. 70,000 crore
14. According to the Union Budget 2015-16, Visa on arrival for how many countries? – 150
15. According to the Union Budget, Centre of film production, animation and gaming to come up in _____. AP
16. On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015
17. Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? - Arun Jaitley
18. 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
19. Health Insurance Premium deduction hiked from Rs. 15,000 to?- Rs. 25,000 (for senior citizens to Rs. 30,000)
20. Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs.800
21. PAN card is must for all purchase above ______ rupees as proposed in Budget 2015-16? - Rs. 1 lakh
22. An additional _____% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%
23. What change was made in the Wealth tax? - Wealth tax abolished
24. DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code
25. Corporate tax to be reduced from 30% to ___ over next four years? - 25%
26. Mudra banks to be established with capital of Rs.___ crore?- 20000
27. Rs. ____ deduction for contribution to New Pension Scheme?- Rs. 50,000
28. GAAR implementation deferred by 2 years to? - April 2017
29. Service Tax rate hiked to ___% from 12.36%? - 14%
30. Tax free bonds were proposed in budget for? - Roads, railways, irrigation project