WorksheetsBudget 2020
Total questions: 15
Worksheet time: 8mins
What is the Approximate Nominal GDP for India in 2019
2 TN
3 TN
5 TN
12 TN
How many Tax slabs are there as per new Income Tax Structure
4
5
7
9
What is the prominent theme of Budget 2020
Industrial India
Aspirational India
Make in India
Welfare India
What is the proposal for Deposit Insurance Coverage
5 Lacs
10 Lacs
20 Lacs
25 Lacs
Tax rate for New Domestic companies in Manufacturing and Power Sector
10 %
15 %
25 %
30 %
What is the fiscal Deficit percentage as a proportion of GDP for 2019-20
3.3%
3.5%
3.8%
4.3%
Union Budget is presented as Annual Financial Statement from Government as per which Article of the constitution
Article 15
Article 110
Article 112
Article 375
Union Budget is being presented on 1st Feb since which year
2016
2020
2017
2019
What is Halwa Ceremony
Code name for Hawala transactions
Sweet dish offered to Finance Ministry staff involved in Budget preparation
Sweet dish offered after budget presentation
None of the above
In terms of Nominal GDP Indian economy is
5th Largest Economy
3rd Largest Economy
7th Largest Economy
10th Largest Economy
Which Finance minister has presented most number of budgets
P Chidambaram
Dr. Manmohan Singh
Arun Jaitley
Morarji Desai
Who presented the first Finance Budget of Independent India
R.K. Shanmukham Chetty
C.D. Deshmukh
Jagjivan Ram
Morarji Desai
Income for Central Government comes mainly from
GST
Corporation Tax
Borrowings & Other Liabilities
Income Tax
Allocation for Education sector in 2020 Budget is Approx:
59,000 Crs
99,000 Crs
29,000 Crs
1,09,000 Crs
Nominal GDP Growth for 2020-21 estimated at
5%
6%
8%
10%
