Central_budget 2020-21

Central_budget 2020-21

1. What is the largest item (in percentage) of expenditure in the Union Budget 2020-21?
(a) Interest payment
(b) States' share in taxes and duties
(c) Defense expenditure
(d) None of the above

Answer: b

Explanation: The biggest item of expenditure in the Union Budget 2020-21 is' States' share in taxes and duties'. This item is 20% of the total expenditure of the central government.

2. What is the largest source of income for the Central Government in the Union Budget 2020-21?
(a) Goods and Services Tax
(b) Corporation tax
(c) Income tax
(d) Lending and other liabilities

Answer: D

Explanation: Lending and other liabilities constitute 20% of the total income of the Central Government. Lending and other liabilities are considered income of the central government, although these are liabilities on the central government and the government has to repay them later with interest.

3. Which of the following is not the tax slab rate in the Union Budget 2020-21?
(a) 10%
(b) 15%
(c) 25%
(d) 40%

Answer: D

Explanation: The Finance Minister of India has introduced two new rates of income tax. The new rates are 15% and 25%. But there is no tax rate of 40% in the new Union Budget 2020-21.

4. What is the disinvestment target for 2020-21?
(a) Rs. 1,73,000 crore
(b) Rs. 2,10,000 crore
(c) Rs 65,000 crore
(d) Rs. 1,05,000 crores

Answer: b

Explanation: The disinvestment target for the financial year 2020-21 is Rs. 2,10,000 crore. This target is 223% higher than the revised estimate of Rs 65,000 crore in 2019-20.

5. Out of the following statement, the Union Budget 2020-21 is correct.
(a) Budget estimate for defense sector is Rs.3,23,053 crore
(b) Budget estimate for fertilizer subsidy is Rs.115570 crores
(c) 100 more airports to be developed by 2024
(d) The National Recruitment Agency will be established as an independent agency

Answer: b

Explanation: The budget estimate for fertilizer subsidy is Rs 71309 crore while food subsidy is estimated to be Rs 115570 crore.

6. What is the theme of Union Budget 2020-21?
(a) The enemy will lose, the country will win
(b) Living of Ease
(c) Common citizen of flying country
(d) Everyone's development and everyone's trust

Answer: b

Explanation: The theme of the Union Budget 2020-21 was "Ease of Living".

7. How long does the government want to end 'Tuberculosis'?
(a) 2030
(b) 2027
(c) 2025
(d) 2022

Answer: c

Explanation: The Central Government has launched a campaign to eliminate TB, by 2025, "TB will lose, country will win" campaign.

8. Objective of Union Budget 2020-21: -
I. Achieving seamless delivery through digital governance
II. Improvement in physical quality of life through the national infrastructure pipeline
(a) Only I
(b) I, II only
(c) II only
(d) Neither I or II

Answer: b

Explanation: The Central Government has released a report of the task force on the National Infrastructure Pipeline for 2019-2025. The purpose of this pipeline is to make living easier by providing access to clean and affordable energy, safe drinking water, health care for all, bus terminals, airports, modern railway stations and world class educational institutions.

9. 'Dispute to Confidence' scheme is related to
(a) Indirect tax
(b) direct tax
(c) Both direct and indirect
(d) Neither direct nor indirect

Answer: b

Explanation: 'Dispute to Confidence' was announced in the Union Budget, 2020 to resolve the dispute regarding pending income tax litigation. This scheme is related to direct tax. The purpose of the 'Dispute to Faith' scheme is to reduce pending income tax litigation.

10. According to the Union Budget, 2020-21, what is the highest rate of direct tax in India?
(a) 20%
(b) 35%
(c) 30%
(d) 40%

Answer: c

Explanation: According to the Union Budget, 2020-21, India has 6 tax rates (5,10,15,20,25,30). The highest rate of income tax in India is 30%. The downward method of taxation is adopted in India.

 Interesting information of rivers ~ Geography 

1. Where is Ganga called Bhagirathi?
►-Near Gangotri (This is the origin of Himani Ganga)

2. Where is Gangotri located and what is its height?
► Gangotri Himani is the origin of Ganga near Gomukh at an altitude of 3900 km in Uttarkashi district of Uttarakhand.

3. What is the origin of Alaknanda?
Answer: Satopanth Himani (Alkapuri Glacier) above Badrinath

4. Where is the river Ganga called Ganga?
 ►-Devprayag. Where Alaknanda and Bhagirathi meet. And
Reaches the plains near Haridwar.

5. Where is Ganga called Padma?
Answer: Bangladesh

6. Indus flows through which state in India?
Answer: Jammu and Kashmir

7. When was the Treaty of Strait between India and Pakistan?
1960-1960 AD (India can use only 20 percent water of this river)

8. Rivers ➨ and their point of origin Asangam / estuary?
►-Indus ➨ Sanokhyab Glacier (near Lake Mansarovar in Tibet) Arab Sagar
Ganges ➨ Gangotri  Bay of Bengal