UPSC IAS Prelims 2015 : Indian Economy : MCQs of Budget 2015-2016(Part-2)

1. Consider the following statements:

   1. Budget proposes to create a Micro Units Development Refinance Agency (MUDRA) Bank.
   2. It will have a corpus of 20,000 crore, and credit guarantee corpus of 3,000 crore.  
   3. MUDRA Bank will refinance Micro-Finance Institutions through a Pradhan Mantri Mudra Yojana.

Select the correct answer using the code given below

(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3
(d)  2 and 3 only

2. With reference to Pradhan Mantri Jeevan Jyoti Bima Yojana,Consider the following statements:

     1. It covers both natural and accidental death risk of 2 lakhs
     2. The premium will be Rs 330 per year
     3. Person in the age group of 18-60 years can apply for this scheme

Select the correct answer using the code given below

(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3
(d)  2 and 3 only

3. Consider the following statements:

      1. Pradhan Mantri Suraksha Bima Yojna covers accidental death risk of 2 lakh for a premium of just 12 per year.
      2. With respect to Atal Pension Yojana, the Government will contribute 50% of the beneficiaries’ premium limited to 1,000 each year, for five years in the new accounts opened before 31st December, 2015.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

4. With respect to Senior Citizen which of the following statement is wrong:

   1. The population of senior citizens is approximately 10.5 crore in India.
   2. Over one crore are above the age of 80 years.  
   3. A new scheme for providing Physical Aids and Assisted Living Devices for senior citizens, living below the poverty line has been proposed.

Select the correct answer using the code given below

(a) 1 only
(b) 1 and 2 only
(c) 1, 2 and 3
(d) 2 and 3 only

5. An integrated education and livelihood scheme called _______ will be launched this year to enable Minority Youth who do not have a formal school-leaving certificate to obtain one and find better employment.

(a) Nai Manzil
(b) Nai Duniya
(c) Nai Umeed
(d) Nai Varosa

6. Choose the false statement among the following statements:

(a) Government will support an exhibition named ‘The Everlasting Flame’ in 2015-16 to show-case civilization and culture of the Parsis.
(b)NBFC having asset of 100 crore and above will be considered as ‘Financial Institution’ in terms of SARFAESI Act, 2002.
(c)Budget proposes to establish an electronic Trade Receivables Discounting System (TReDS) financing of trade receivables of MSMEs due to long receivables realization cycles.
(d) Investment in infrastructure will go up by 70,000 crore in the year 2015-16, over the year 2014-15.

7.  With reference to Atal Innovation Mission (AIM), consider the following statements:

   1. It is intended to establish AIM in DRDO
   2. AIM will be an Innovation Promotion Platform involving academics, entrepreneurs, and researchers. The platform will also promote a network of world-class innovation hubs and Grand Challenges for India.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

8. Consider the following statements:

      1. e-Biz Portal has been launched which integrates regulatory permissions at one source.
      2. Government is establishing SETU (Self-Employment and Talent Utilisation) to support all aspects of start-up businesses and other self employment activities.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

9. How many new Ultra Mega Power Projects of 4000 MW has been proposed in the Budget 2015-16?

(a) 5
(b) 10
(c) 15
(d) 100

10. Choose the false statement among the following statements:

(a) India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold each year.
(b) Stocks of Gold in India are estimated to be over 20,000 tonnes.
(c) Gold Monetisation Scheme will allow the depositors of gold to earn interest in their metal accounts and the jewellers to obtain loans in their metal account.   
(d) Work would commence on developing Indian Gold Coin having Ashok Chakra on its face to show-case Ashoka’s legacy as a king outside India.

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