India Budget 2011-12 OBJECTIVE QUESTIONS

1) Target of Fiscal Deficit in 2011-12 as given by Indian Finance Minister is (D)

(A) 7.6 percent of GDP
(B) 6.6 percent of GDP
(C) 5.6 percent of GDP
(D) 4.6 percent of GDP


2) The Gross Tax Receipts are estimated at Rs ...........crore (D)

(A) 2,32,440
(B) 4,32,440
(C) 8,32,440
(D) 9,32,440


3) The total expenditure proposed for 2011-12 is Rs ............ crore, (B)

(A) 2,57,729
(B) 12,57,729
(C) 22,57,729
(D) 32,57,729


4) A sum of Rs......... crore has been provided to enable public sector banks to maintain a minimum Tier I CRAR at 8 per cent. (C)

(A) 20000
(B) 40000
(C) 60000
(D) 80000


5) Indian Micro Finance Equity Fund of Rs ........ to be created with SIDBI as per budget 2011-12 plan. (A)

(A) 100 crore
(B) 1000 crore
(C) 10000 crore
(D) 3567 crore


6) Women’s SHG’s Development Fund with a corpus of Rs ........ has been proposed. (A)

(A) 500 crore
(B) 600 crore
(C) 700 crore
(D) 800 crore

7) Bharat Nirman does not includes ? (D)

(A) Pradhan Mantri Gram Sadak Yojna (PMGSY),
(B) Accelerated Irrigation Benefit Pro gramme
(C) National Rural Drinking Water Programme
(D) Indira Gandhi National Old Age Pension Scheme for BPL

8) Government expects economy to grow at ........% in 2011-12. (B)

(A) 9.5
(B) 9
(C) 8.5
(D) 8

9) Government debt is About ......% of GDP as per budget 2011-12 (A)

(A) 44.2
(B) 45.2
(C) 46.2
(D) 47.2

10) Iron ore export duty hiked to ...........per cent. (C)

(A) 16
(B) 18
(C) 20
(D) 22

11) Nominal GDP growth of ........ per cent has been projected in Budget 2011-12 (A)

(A) 14
(B) 13
(C) 12
(D) 11


12) New limit for investment by foreign institutional investors in corporate bonds is $.......billion. (B)

(A) 30
(B) 40
(C) 50
(D) 60


13) Corporate surcharge has been reduced to............% (C)

(A) 3
(B) 4
(C) 5
(D) 6


14) New increased rate of MAT is ..........%. (B)

(A) 15.5
(B) 18.5
(C) 21.5
(D) 24.5


15) Disinvestment target for 2011-12 has been placed at Rs ........ crore. (A)

(A) 40000
(B) 80000
(D) 120000
(D) 160000