TOP 50 Important GK Questions on Interim Budget 2019

a) 15 Lakh
1) Income up to how much rupees exempted from b) 20 Lakh
Income Tax? c) 25 Lakh
a) 3, 00, 000 d) 30 lakh
b) 4, 00, 000 e) 50 Lakh
c) 5, 00, 000 Answer: d)
d) 7, 00, 000 Limit of exemption on Gratuity amount has been
e) None of these increased to Rs30 lakh from Rs10 lakh
Answer: c)
Income up to Rs. 5 lakh exempted from Income Tax 5) How much tax on notional rent on a second self-
occupied house?
2) Standard deduction on taxable income for a) 5%
salaried class raised from 40,000 to how much b) 7%
rupees? c) 9%
a) 50000 d) 10%
b) 60000 e) Tax Exempted
c) 75000 Answer: e)
d) 100000 Tax exempted on notional rent on a second self-
e) None of these occupied house
Answer: a)
Standard deduction on taxable income for salaried class 6) Tax deducted at source on interest income from
increased to Rs50,000 from Rs40,000 per financial year deposit in banks and post-offices raised from Rs
10,000 to how much rupees?
3) Individuals with gross income of up to ________ a) 20000
need not pay any tax if they make investments in b) 25000
provident funds and prescribed equities c) 30000
a) 6 Lakh d) 40000
b) 6.5 Lakh e) None of these
c) 7.5 Lakh Answer: d)
d) 9 Lakh Tax deducted at source on interest income from deposit
e) None of these in banks and post-offices raised from Rs. 10,000to Rs.
Answer: b) 40,000
Individuals with gross income of up to 6.5 lakh need
not pay any tax if they make investments in provident 7) Tax deducted at source on rental income
funds and prescribed equities increased from 1.8 lakh to how much rupees?
a) 2.1 Lakh
4) Limit of exemption on Gratuity amount has been b) 2.4 Lakh
increased to how much rupees from Rs10 lakh? c) 2.7Lakh
d) 3Lakh
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 TOP 50 Important GK Questions on Interim Budget 2019

e) None of these c) 3 Lakh

Answer: b) d) 5 Lakh
Tax deducted at source on rental income increased from e) None of these
1.8 lakh to 2.4 lakh Answer: a)
One lakh digital villages planned in the next five years
8) Tax benefits for affordable housing extended till?
a) June 30, 2019 12) What is name of new scheme announced for
b) December 31, 2019 Farmers?
c) March 31, 2020 a) PradhanMantriKiranSammanNidhi
d) December 31, 2020 b) PradhanMantriKisanSammanNivas
e) None of these c) PradhanMantriKisanSammanNidhi
Answer: c) d) PradhanMantriKisanSarasNidhi
Tax benefits for affordable housing extended till March e) PradhanMantriKisanSharadNidhi
31, 2020 Answer: c)
Farmers owning up to two hectares of land will get Rs.
9) Tax exemption period on notional rent on unsold 6,000 per year as income support under new scheme
inventories extended to how many years from one PradhanMantriKisanSammanNidhi. The amount will be
year? transferred in three tranches directly to the accounts of
a) 5 years farmers.
b) 4 years
c) 3 years 13) Farmers owning up to two hectares of land will
d) 2years get how much rupees per year as income support
e) None of these under new scheme?
Answer: d) a) 5000
Tax exemption period on notional rent on unsold b) 6000
inventories extended to two years from one year c) 7500
d) 9000
10) Businesses with annual turnover of less than Rs. e) None of these
5 crore will be allowed to file their returns Answer: b)
__________ Farmers owning up to two hectares of land will get Rs.
a) Monthly 6,000 per year as income support under new scheme
b) Quarterly PradhanMantriKisanSammanNidhi. The amount will be
c) Half yearly transferred in three tranches directly to the accounts of
d) Annually farmers.
e) None of these
Answer: b) 14) How much rupees outlay
Businesses with annual turnover of less than Rs. 5 crore forPradhanMantriKisanSammanNidhi Financial
will be allowed to file their returns quarterly. Year 2019-20?
a) 25,000 crore
11) How many digital villages planned in the next b) 50,000 crore
five years? c) 75,000 crore
a) 1 Lakh d) 90,000 crore
b) 2 Lakh e) None of these

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 TOP 50 Important GK Questions on Interim Budget 2019

Answer: c)
12 crore small and marginal farmers to be provided 18) Under new pension scheme how much rupees
with assured yearly income of Rs. 6000 per annum received per month after 60 years of age with an
under PM-KISAN. Outlay of Rs. 75,000 crore for FY affordable contribution of only Rs 100/55 per
2019-20 with additional Rs. 20,000 crore in RE 2018- month?
19 a) 6000
b) 5000
15) Name the new pension scheme launched in c) 4000
budget? d) 3000
a) PradhanMantriShram Yogi Madha e) None of these
b) PradhanMantriShiva Yogi Mandhan Answer: d)
c) PradhanMantriShramYoajanaMandhan Under new pension scheme Rs. 3000 received per
d) PradhanMantriShram Yogi Mandhan month after 60 years of age with an affordable
e) PradhanMantriSukanyaYojanaMandhan contribution of only Rs 100/55 per month
Answer: d)
New pension scheme PradhanMantriShram Yogi 19) How much percent interest relief for farmers
Mandhan to provide monthly pension of Rs. 3,000 after pursuing animal husbandry and fisheries?
60 years of age, with contribution of only Rs100 per a) 2%
month. b) 3%
c) 4%
16) Government to contribute how much percent d) 5%
amount under New Pension Scheme? e) None of these
a) 14% Answer: a)
b) 12% Two percent interest relief for farmers pursuing animal
c) 10% husbandry and fisheries
d) 8%
e) 5% 20) Which of the following authority to be setup for
Answer: a) sustainable genetic up-gradation of the cow
Government to contribute 14% amountunder New resources?
Pension Scheme a) RashtriyaKaramchandAyog
b) RashtraKamdhenuAyog
17) PradhanMantriShram Yogi Mandhan scheme to c) RashtriyaKamdhenuAyog
ensure fixed monthly pension to how many d) RakshanKamdhenuAyog
unorganised sector workers? e) None of these
a) 5 crore Answer: c)
b) 8 crore RashtriyaKamdhenuAyogto be setup for sustainable
c) 10 crore genetic up-gradation of the cow resources
d) 12 crore
e) None of these 21) How much percentinterest subsidy for MSMEs
Answer: c) on an incremental loan of Rs. 1 crore for GST-
PradhanMantriShram Yogi Mandhan scheme to ensure registered entities?
fixed monthly pension to 10 crore unorganised sector a) 2%
workers b) 3%

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 TOP 50 Important GK Questions on Interim Budget 2019

c) 4% c) 2.7%
d) 5% d) 2.9%
e) None of these e) 3.1%
Answer: a) Answer: b)
2% interest subsidy for MSMEs on an incremental loan Current Account Deficit fixed at 2.5% of GDP for
of Rs. 1 crore for GST-registered entities FY20

22) At least how much percent of the 25% sourcing 26) How amount estimated for Capital Expenditure
for the government undertakings to be from for 2019-20?
women-owned SMEs? a) 3,30,292crore
a) 5% b) 3,33,292crore
b) 4% c) 3,36,292crore
c) 3% d) 3,39,292crore
d) 2% e) 3,32,292crore
e) None of these Answer: c)
Answer: c) Capital Expenditure for 2019-20 BE estimated at Rs.
At least 3% of the 25% sourcing for the government 3,36,292crore
undertakings to be from women-owned SMEs
27) Exemptions from GST for small businesses
23) How much amount allocation for MGNREGA increased from Rs. 20 lakh to how much amount?
in 2019-20? a) 25 lakh
a) Rs. 60,000 crore b) 30 lakh
b) Rs. 75,000 crore c) 35 lakh
c) Rs. 80,000 crore d) 40 lakh
d) Rs. 90,000 crore e) 50 lakh
e) None of these Answer: d)
Answer: a) Exemptions from GST for small businesses doubled
Rs. 60,000 croreallocation for MGNREGA in 2019-20 from Rs. 20 lakh to Rs. 40 lakh

24) Fiscal deficit fixed at how much percentof GDP 28) How many percentage of MUDRA Loan availed
for 2019-20? by Women?
a) 2.4% a) 50%
b) 2.9% b) 60%
c) 3.2% c) 70%
d) 3.4% d) 75%
e) 3.7% e) None of these
Answer: d) Answer: c)
Fiscal deficit fixed at 3.4% of GDP for 2019-20 70% of MUDRA Loan availed by Women

25) Current Account Deficit fixed at how much 29) Maternity leave extended to how many weeks
percent of GDP for 2019-20? from 12 weeks?
a) 2.2% a) 26 weeks
b) 2.5% b) 20 weeks

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 TOP 50 Important GK Questions on Interim Budget 2019

c) 18 weeks 33) How much amount allotted to Defence for 2019-

d) 15 weeks 20?
e) None of these a) 1,00,000crore
Answer: a) b) 1,50,000crore
Maternity leave extended from 12 weeks to 26 weeks c) 2,00,000crore
d) 2,50,000crore
30) The 4R approach has been implemented to e) 3,00,000crore
ensure clean banking, which one of the following is Answer: e)
not one of that? Defence budget to cross Rs 3,00,000crore for the first
a) Recognition time ever
b) Resolution
c) Recover 34) Three states came on India’s rail map for the
d) Recapitalisation first time, which of the following state is not one of
e) Reforms them?
Answer: c) a) Meghalaya
The 4R approach has been implemented to ensure clean b) Tripura
banking c) Sikkim
1. Recognition d) Mizoram
2. Resolution e) Both Meghalaya and Mizoram
3. Recapitalisation Answer: c)
4. Reforms Meghalaya, Tripura and Mizoram came on India’s rail
map for the first time
31) How much percent assured MSP to all 22
crops? 35) Which of the following state came on the air
a) 30% map recently?
b) 50% a) Madhya Pradesh
c) 60% b) Sikkim
d) 75% c) Haryana
e) None of these d) Arunachal Pradesh
Answer: b) e) Mizoram
Assured MSP of minimum 50% to all 22 crops Answer: d)
Arunachal Pradesh came on the air map recently
32) How much amount allotted for PradhanMantri
Gram SadakYojana in 2019-20? 36) How much amount allotted to SC, ST welfare
a) Rs. 27,000 crore for 2019-20?
b) Rs. 23,000 crore a) 74,800 crore
c) Rs. 20,000 crore b) 76,800 crore
d) Rs. 19,000 crore c) 77,800 crore
e) None of these d) 78,800 crore
Answer: d) e) 79,800 crore
Rs. 19,000 crore for PradhanMantri Gram SadakYojana Answer: b)
in 2019-20 SC, ST welfare to get 76,800 crorefor 2019-20

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 TOP 50 Important GK Questions on Interim Budget 2019

37) How much amount allotted to National

Education Mission for 2019-20? 41) 22nd AIIMS to be setup in which state?
a) 31,572 crore a) Assam
b) 33,572 crore b) Himachal Pradesh
c) 35,572 crore c) Uttar Pradesh
d) 36,572 crore d) Haryana
e) 38,572 crore e) Jammu and Kashmir
Answer: e) Answer: d)
National Education Mission allocation increased by 22nd AIIMS to be setup in Haryana
about 20% to Rs. 38,572 crore
42) Department of Industrial Policy and Promotion
38) How much amount allotted to Integrated Child renamed as?
Development Scheme for 2019-20? a) Department for Policy of Industries and Internal
a) 22,584 crore trade
b) 25,584 crore b) Department for Promotion of Industries and Internal
c) 27,584 crore trade
d) 29,584 crore c) Department for Promotion of Industries and Foreign
e) 20,584 crore trade
Answer: c) d) Department for Promotion of Internal and
Allocation for Integrated Child Development Scheme Foreigntrade
increased by over 18% to Rs. 27,584 crore e) Department for Policy of Internal and Foreigntrade
Answer: b)
39) How much amount allotted to North East for Renewed Focus on Internal trade;Department of
2019-20? Industrial Policy and Promotionrenamed to Department
a) 52,166 crore for Promotion of Industries and Internal trade
b) 54,166 crore
c) 55,166 crore 43) India is the fastest highway developer in the
d) 56,166 crore world, how many kms of highways built each day?
e) 58,166 crore a) 27 kms
Answer: e) b) 25 kms
Allocation for North East increased by 21% to Rs. c) 23 kms
58,166 crore in for 2019-20 d) 21 kms
e) 20 kms
40) How much amount allotted to Railwaysfor 2019- Answer: a)
20? India is the fastest highway developer in the world, 27
a) 60,587 crore kms of highways built each day
b) 62,587 crore 44) ESI cover limit increased to how much amount?
c) 64,587 crore a) 17000
d) 66,587 crore b) 19000
e) 68,587 crore c) 21000
Answer: c) d) 25000
Railways to get capital support of Rs. 64,587 crore in e) 30000
for 2019-20 Answer: c)

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 TOP 50 Important GK Questions on Interim Budget 2019

ESI cover limit amount increased to 21,000 c) 3.25 lakh

45) Minimum pension amount increased to how d) 2.25 lakh
much amount? e) None of these
a) 5000 Answer: a)
b) 4000 5.45 lakh villages have been declared "Open
c) 3000 Defecation Free”
d) 2000 49) India has achieved how much percent rural
e) 1000 sanitation coverage?
Answer: e) a) 90%
Minimum pension amount increased to 1000 b) 95%
46) An indigenously developed semi high-speed c) 98%
train, which announced recently? d) 99%
a) Vande Bharat Express e) None of these
b) VandeBhakya Express Answer: c)
c) Varun Bharat Express India has achieved 98% rural sanitation coverage
d) VandeBhadri Express 50) Financial support for pregnant women under
e) VandeBhartiya Express which scheme?
Answer: a) a) PradhanMantriKaushalVikasYojna
Vande Bharat Express, an indigenously developed semi b) PradhanMantriMahila Shakti Kendra
high-speed train, to be launched c) PradhanMantriAdarsh Gram Yojana
47) Reserve Bank of India removed three banks d) PradhanMantriMatruVandana
from prompt corrective action, which of the e) None of these
following bank is not one of that? Answer: d)
a) UCO Bank Financial support for pregnant women under
b) Dena Bank PradhanMantriMatruVandana
c) Oriental Bank of Commerce
d) Both a) and b)
e) Both a) and c)
Answer: d)
Bank of India, Bank of Maharashtra and Oriental Bank
of Commerceno more under RBI's prompt corrective
action
48) How many villages have been declared "Open
Defecation Free”?
a) 5.45 lakh
b) 4.75 lakh

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