February 12, 2017

Union Budget 2017-18, February 2017 Current Affairs #3

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

  1. What is the merchant version of Aadhar enabled payment system?
  2. What is the scheme to be launched to promote the usage of BHIM for individuals?
  3. Proposal was made to create Payments Regulatory Board in RBI. What is it going to replace?
  4. What is the system developed through which travel tickets can be booked online by our soldiers and officers?
  5. What percent of fiscal deficit for the next three years is recommended by FRBM Committee?
  6. To what amount, government restricted net market borrowing?
  7. At what percent is the revenue deficit for the next year pegged, as mandated by the FRBM act?
  8. Up to a period of how many years is MAT credit allowed to be carried forward?
  9. To what percent is the income tax reduced for companies with annual turnover up tp Rs. 50 crore, to make MSME companies more viable?
  10. To what percent did the allowable permission for Non Performing assets increased from 7.5 %?
  11. What is the maximum amount of cash donation a political party can receive from one person?
  12. To what amount did the threshold limit for audit of business entities who opt for presumptive income scheme increased from Rs. 1 crore?
    Union Budget 2017-18, February 2017 Current Affairs
  13. What is the percentage of tax payment, an appeal to all citizens of India, if their income is falling in the lowest slab of Rs. 2.5 lakhs to Rs. 5 lakhs?
  14. What is RAPID?
  15. What may be the result of US Federal Reserve's intention to increase policy rates in 2017?


  1. Aadhar Pay
  2. Referral Bonus Scheme
  3. Board for Regulation and Supervision of Payment and Settlement System
  4. Centralised Defence travel system
  5. 3 %
  6. Rs. 3.48 lakh crore
  7. 1.9 %
  8. 15 years
  9. 25 %
  10. 8.5 %
  11. Rs. 2000
  12. Rs. 2 crore
  13. 5 %
  14. Revenue, Accountability, Probity, Information and Digitisation
  15. Lover capital inflows & Higher outflows from the emerging economies

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