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Union Budget 2017 Questions for IAS Exam

Feb 3, 2017 13:46 IST

Budget for IAS ExamIn IAS Exam, the Union Budget every year holds special importance as most of the questions in the economy section of the exam are derived or inspired from the Budget objectives. In IAS Prelims, usually, 2 to 3 objective questions are directly asked on the data analysis made in the Union Budget.

Current Affairs Quizzes 2016 for IAS Prelims 2017

The Union Budget 2017 was broadly focused on 10 broad themes such as farmers, rural population, youth, poor, health care for the underprivileged, infrastructure, and financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and the tax administration for the honest.

Budget Process in India for IAS Exam

The Union Budget of India is a comprehensive display of the Government's estimated revenue and expenditure for a particular year. It also includes estimates for the next fiscal year, known as budgeted estimates.

The Department of Economic Affairs under the Union Ministry of Finance is tasked with the preparation of the budget. An IAS Aspirant should be able to analyse the social-economic welfare schemes projected in the budget and prepare questions for them separately.

Hence, here we provide exclusive questions on Union Budget 2017 which can prove to be extremely helpful in IAS Prelims 2017 preparation.

Which of the following statement best describes the Agenda of Union Budget 2017?

a. Transform, Energise and Clean India.
b. 'Transform India' to have a significant impact on the economy and the lives of people.
c. Growth and Sustainable development in India.
d. None of the above.

Answer: a

Explanation:

The Union Finance Minister presented the Union Budget on February 1, 2017. A slew of changes is seen in this year’s Budget. The Main Agenda for Union Budget 2017-18 is “Transform, Energise and Clean India” or TEC India

The TEC India seeks to transform the quality of governance and quality of life of our people, energise various sections of society, especially the youth and the vulnerable, and enable them to unleash their true potential; and clean the country from the evils of corruption, black money and non-transparent political funding.

Read more on Union Budget 2017 Questions for IAS Exam Part-1

According to the Union Budget 2017, the SWAYAM platform will be launched with at least 350 online courses. The SWAYAM platform has been indigenously developed under which ministry?

a. Ministry of Human Resource Development
b. Ministry of Home Affairs
c. Ministry of Electronics and Information Technology
d. None of the above.

Answer: a

Explanation:

SWAYAM is a programme initiated by Government of India and designed to achieve the three cardinal principles of Education Policy that are access, equity and quality. The objective of this effort is to take the best teaching learning resources to all, including the most disadvantaged.

SWAYAM seeks to bridge the digital divide for students who have hitherto remained untouched by the digital revolution and have not been able to join the mainstream of the knowledge economy.

Read more on Union Budget 2017 Questions for IAS Exam Part-2

The Union Budget 2017 commits that a programme of “human resource reforms for results” will be launched during 2017-18. What statement best describes the objective of this programme?

a. For human resources development in Panchayati Raj Institutions.
b. For human resources development in the Government schools.
c. For imparting new skills to people in mason training.
d. None of the above.

Answer: a

Explanation:

According to the Union Budget 2017, the allocation for Prime Minister's Employment Generation Program and Credit Support Schemes has been increased threefold. It also made some provisions and new announcements for empowering the rural India.

• For imparting new skills to people in rural areas, mason training will be provided to 5 lakh persons by 2022
• A programme of “human resource reforms for results” will be launched during 2017-18 for human resources development in Panchayati Raj Institutions.

Read more on Union Budget 2017 Questions for IAS Exam Part-3

After the tremendous success of the BHIM app, the Government will launch two new schemes to promote the usage of BHIM; these are:

a. Referral Bonus Scheme for merchants and a Cashback Scheme for individuals.
b. Referral Bonus Scheme for individuals and a Cashback Scheme for merchants.
c. Universal basic Income and AadharPay.
d. All of the above.

Answer: b

Explanation:

BHIM is a biometric payment system app using Aadhar platform and is based on Unified Payment Interface (UPI) to facilitate e-payments directly through the bank. It was launched to stress the importance of technology and digital transactions.

Read more on Union Budget 2017 Questions for IAS Exam Part-4

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