Union Budget 2012 - Current Affairs Quiz - 1

1. Who presented the Union Budget of India for 2012?
[A]P. Chidambaram
[B]PranavMukherjee
[C]Dinesh Trivedi
[D]Manmohan Singh



2. What is the propsed exemption limit for the general category of individual taxpayers as per Budget 2012?
[A]Rs. 180000
[B]Rs. 150000
[C]Rs. 200000
[D]Rs. 500000



3. Which new tax saving scheme has been proposed in budget?
[A]Rajeev Gandhi Equity Scheme
[B]New Pension Scheme
[C]Public Provident Fund
[D]Indira Vikas Patra



4. What is the target/prediction for GDP growth for year 2012-13?
[A]7.1%
[B]7.3%
[C]7.6%
[D]8%



5. What is the estimation for GDP growth in year 2011-12?
[A]6.9%
[B]7%
[C]7.2%
[D]7.5%



6. How much money is allocated to NABARD to fund Regional Rural Banks(RRB) in this year budget?
[A]10000 Crore
[B]9000 Crore
[C]11000 Crore
[D]12000 Crore



7. How much reduction is done in securities transaction tax on cash delivery transactions?
[A]10%
[B]15%
[C]20%
[D]22%



8. Which of the following sets to be cheaper after this budget?
[A]Cars
[B]Cigarette
[C]Air Travel
[D]LCD/LED TV



9. How much is the Service Tax raised?
[A]From 10% to 12%
[B]From 8% to 10%
[C]From 10% to 11%
[D]No change



10. How much is the fiscal deficit in FY 2012?
[A]5.2%
[B]5.5%
[C]5.7%
[D]5.9%



11. Bullion and jewellery traders in several parts of the country today downed shutters for three days in protest against the Budget proposal? What is their concern?
[A]Raised duty on gold imports and levying excise on unbranded jewellery
[B]Making Hallmarking of Jewellery mandatory
[C]Putting cap on gold import
[D]None of the above



12. What is the propsed exemption limit for the Women individual taxpayers as per Budget 2012?
[A]Rs. 180000
[B]Rs. 150000
[C]Rs. 200000
[D]Rs. 500000



13. How much fund has been allocated for Right to Education in FY13?
[A]Rs 15,555 cr
[B]Rs 20,000 cr
[C]Rs 25,555 cr
[D]Rs 15,000 cr



14. What is the expectations for Infrastructure investment in 12th Plan to go up to?
[A]Rs 30 lakh crore
[B]Rs 50 lakh crore
[C]Rs 60 lakh crore
[D]Rs 70 lakh crore



15. IPO equity offer above what value will have to be made electronically in capital market reforms?
[A]Rs 10 crore
[B]Rs 12 crore
[C]Rs 15 crore
[D]Rs 20 crore