February 04, 2017

Union Budget 2017-18, Feb 2017 Current Affairs #1

Union Budget 2017-18, Feb 2017 Current Affairs for IBPS, SBI, UPSC, LIC, RBI, IPPB exams


Union Finance Minister, Arun Jaitley, presented the Union budget 2017-18 on February 1, 2017. It focused on ten themes. They include :-

  1. Rural population
  2. Farming sector
  3. Youth
  4. Poor and underprivileged healthcare
  5. Infrastructure
  6. Financial sector for stronger institutions
  7. Speedy accountability
  8. Public services
  9. Prudent fiscal management
  10. Tax administration

Questions

Union Budget 2017-18, Feb 2017 Current Affairs for IBPS, SBI, APPSC, UPSC exams

  1. What is the measure of the government that will lead to higher GDP?
  2. What is the amount allocated as credit to farmers with 60 days interest waiver?
  3. By which year did the government targets to bring households out of poverty?
  4. What is the mission launched to maximise youth potential?
  5. What is the amount allocated to Mahila Shakthi Kendras under the category of the poor and underprivileged healthcare?
  6. To which sector is a total of Rs. 39,61,354 crore has been allocated?
  7. A strategic policy for ______ will be setup under energy sector.
  8. What percent of Foreign Direct Investment inflows were automated?
  9. What is the total expenditure on Fiscal situation?
  10. What is the maximum amount of cash donation for a political party from any one source?
  11. What amount is allocated to defence sector?
  12. To what percent did CPI decreased in December 2016 from 6% in July 2016?
  13. What is the tax exempted for persons holding land from which land was pooled for creation of Andhra Pradesh state capital?
  14. To what percent did the existing rate of tax reduced for individuals between Rs. 2.5 - 5 lakhs from 10%?
  15. Budget 2017-18 contains three major reforms. What is the one related to railways?


Answers

  1. Demonetisation
  2. Rs. 10lakh crores
  3. 2019
  4. Skill India Mission
  5. Rs. 500 crore
  6. Infrastructure
  7. Crude reserves
  8. 90%
  9. Rs. 21,47,000 crore
  10. Rs. 2000
  11. Rs. 2,74,114 crore
  12. 3.4 %
  13. Capital Gains Tax
  14. 5%
  15. Merger of Railway budget with General budget to bring railways to the centre stage of the government's fiscal policy

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