Preparing for the OSSSC RI, ARI, Amin, SFS, and ICDS Supervisor exams can be challenging, especially when it comes to understanding the Union Budget. To aid in your preparation, we have compiled the top 30 multiple-choice questions (MCQs) focusing on key aspects of the Union Budget. These questions cover crucial topics such as fiscal policies, budget allocations, economic reforms, and government expenditure. By practicing these MCQs, you can enhance your knowledge and improve your chances of scoring well in the exams, ensuring a thorough understanding of the financial blueprint that shapes India’s economy.
Top 30 Union Budget MCQs for OSSSC RI,ARI, Amin, SFS, ICDS Supervisor
- What is the key focus of the Budget 2024 for the real estate industry?
(a) Reduction in property taxes
(b) Transformation and equitable urban development
(c) Increase in land prices
(d) Promotion of luxury housing
Ans: (b) Transformation and equitable urban development - How many homes does the PMAY initiative plan to build in rural and urban areas?
(a) 1 crore
(b) 2 crore
(c) 3 crore
(d) 4 crore
Ans: (c) 3 crore - How much investment has been allocated for urban housing under PMAY – Urban 2.0?
(a) ₹5 lakh crore
(b) ₹7 lakh crore
(c) ₹10 lakh crore
(d) ₹12 lakh crore
Ans: (c) ₹10 lakh crore - What reduction is proposed in the Budget 2024 to enhance accessibility and attract buyers in the real estate sector?
(a) Property tax reduction
(b) Stamp-duty reduction
(c) Land price reduction
(d) Construction cost reduction
Ans: (b) Stamp-duty reduction - What financial support package has been introduced for MSMEs in the Budget 2024?
(a) Credit guarantee scheme
(b) Tax exemptions
(c) Subsidized loans
(d) Comprehensive financial and technology support package
Ans: (d) Comprehensive financial and technology support package - The Budget 2024 proposes the establishment of what to help MSMEs and traditional artisans market their products internationally?
(a) Export subsidies
(b) E-Commerce Export Hubs
(c) Trade fairs
(d) International trade agreements
Ans: (b) E-Commerce Export Hubs - Up to what amount does the new credit guarantee scheme for MSMEs provide coverage?
(a) ₹50 crore
(b) ₹75 crore
(c) ₹100 crore
(d) ₹125 crore
Ans: (c) ₹100 crore - What initiative has been introduced to enhance the participation of MSMEs in digitalization?
(a) Digital India Programme
(b) Mudra loans
(c) Digital footprint scoring linked to MSME credit
(d) Subsidized internet services
Ans: (c) Digital footprint scoring linked to MSME credit - How much central assistance is proposed for the expansion of the Pradhan Mantri Awas Yojana (PMAY) to include 3 crore additional houses?
(a) ₹1.5 lakh crore
(b) ₹2.2 lakh crore
(c) ₹3 lakh crore
(d) ₹3.5 lakh crore
Ans: (b) ₹2.2 lakh crore - What new scheme is introduced in Budget 2024 to make urban housing loans more affordable?
(a) Interest subsidy scheme
(b) Loan repayment extension
(c) Low-interest rate policy
(d) Zero-interest loans
Ans: (a) Interest subsidy scheme - How much allocation has been made for the National Health Mission in Budget 2024?
(a) ₹30,000 crore
(b) ₹35,000 crore
(c) ₹40,000 crore
(d) ₹45,000 crore
Ans: (b) ₹35,000 crore - What is the revised custom duty on mobile phones as per Budget 2024?
(a) 10%
(b) 12%
(c) 15%
(d) 18%
Ans: (b) 12% - The Budget 2024 allocates how much for the promotion of electric vehicles?
(a) ₹5,000 crore
(b) ₹7,500 crore
(c) ₹10,000 crore
(d) ₹12,500 crore
Ans: (b) ₹7,500 crore - The government plans to disburse how many high-yielding climate-resilient crop varieties?
(a) 100
(b) 50
(c) 109
(d) 200
Ans: (c) 109 - How many farmers does the government plan to shift to natural farming practices in the next two years?
(a) 5 million
(b) 10 million
(c) 15 million
(d) 20 million
Ans: (b) 10 million - How many bio-input resource centers will be set up to promote natural farming?
(a) 5,000
(b) 8,000
(c) 10,000
(d) 12,000
Ans: (c) 10,000 - The Budget 2024 proposes the establishment of what in agriculture to improve productivity?
(a) Digital Public Infrastructure (DPI)
(b) Agricultural research institutes
(c) Farmers’ cooperatives
(d) Subsidized equipment programs
Ans: (a) Digital Public Infrastructure (DPI) - How many districts will be surveyed as part of the new DPI initiative in agriculture?
(a) 200
(b) 300
(c) 400
(d) 500
Ans: (c) 400 - What is the projected GDP growth rate for India in the Budget 2024?
(a) 5.8%
(b) 6.0%
(c) 6.5%
(d) 7.0%
Ans: (c) 6.5% - The fiscal deficit target for FY 2024-25 is set at:
(a) 3.5% of GDP
(b) 4.0% of GDP
(c) 4.5% of GDP
(d) 5.0% of GDP
Ans: (c) 4.5% of GDP - How much allocation has been made for the agriculture sector in Budget 2024?
(a) ₹1 lakh crore
(b) ₹1.2 lakh crore
(c) ₹1.5 lakh crore
(d) ₹2 lakh crore
Ans: (b) ₹1.2 lakh crore - What is the increase in the allocation for the healthcare sector in Budget 2024?
(a) 10%
(b) 15%
(c) 20%
(d) 25%
Ans: (d) 25% - The Budget 2024 has allocated how much for the education sector?
(a) ₹85,000 crore
(b) ₹95,000 crore
(c) ₹1.05 lakh crore
(d) ₹1.15 lakh crore
Ans: (c) ₹1.05 lakh crore - What is the new income tax exemption limit for individual taxpayers under Budget 2024?
(a) ₹2.5 lakh
(b) ₹3 lakh
(c) ₹3.5 lakh
(d) ₹4 lakh
Ans: (b) ₹3 lakh - The Pradhan Mantri Awas Yojana received an allocation of:
(a) ₹30,000 crore
(b) ₹40,000 crore
(c) ₹50,000 crore
(d) ₹60,000 crore
Ans: (d) ₹60,000 crore - How much is allocated for the Defense sector in Budget 2024?
(a) ₹3 lakh crore
(b) ₹3.5 lakh crore
(c) ₹4 lakh crore
(d) ₹4.5 lakh crore
Ans: (c) ₹4 lakh crore - The total outlay for the National Infrastructure Pipeline (NIP) in Budget 2024 is:
(a) ₹50 lakh crore
(b) ₹75 lakh crore
(c) ₹100 lakh crore
(d) ₹125 lakh crore
Ans: (b) ₹75 lakh crore - What is the allocation for the MNREGA scheme in Budget 2024?
(a) ₹60,000 crore
(b) ₹70,000 crore
(c) ₹80,000 crore
(d) ₹90,000 crore
Ans: (a) ₹60,000 crore - How much has been allocated for the Ministry of Railways in Budget 2024?
(a) ₹1.2 lakh crore
(b) ₹1.5 lakh crore
(c) ₹1.75 lakh crore
(d) ₹2 lakh crore
Ans: (b) ₹1.5 lakh crore - The Budget 2024 introduced a new scheme for women entrepreneurs with an initial allocation of:
(a) ₹5,000 crore
(b) ₹10,000 crore
(c) ₹15,000 crore
(d) ₹20,000 crore
Ans: (b) ₹10,000 crore - What is the allocation for the Jal Jeevan Mission in Budget 2024?
(a) ₹40,000 crore
(b) ₹50,000 crore
(c) ₹60,000 crore
(d) ₹70,000 crore
Ans: (c) ₹60,000 crore - The Budget 2024 allocates how much for renewable energy projects?
(a) ₹20,000 crore
(b) ₹25,000 crore
(c) ₹30,000 crore
(d) ₹35,000 crore
Ans: (c) ₹30,000 crore - How much is allocated for the Atmanirbhar Bharat Rojgar Yojana in Budget 2024?
(a) ₹10,000 crore
(b) ₹15,000 crore
(c) ₹20,000 crore
(d) ₹25,000 crore
Ans: (a) ₹10,000 crore
