Expected Questions From Union Budget 2020 With Answers | Set- 4
Union Budget 2020-21 – Expected GK Questions With Answers
Budget 2020-21 Questions with answers for Bank, SSC, and Railway Exams. Download PDF of Important GK Questions based on Union Budget 2020. Expected Questions From Union Budget 2020. As we all know that Finance Minister Ms Nirmala Sitharaman presented the Union Budget 2020-21 in parliament on 01st February 2020. This is her first full time budget presentation.If you are preparing for Banking & Insurance, SSC, Railways and other competitive exams, you will come across a section on the Current Affairs and Questions asked in every competitive exams in General Awareness section from Union Budget 2020-21 So, here we are with the Expected Questions From Union Budget 2020 With Detailed Answers for your daily practice.
To help you in your upcoming exam preparation we have brought you 100+ Most Expected Questions From Union Budget 2020. Important Union Budget Questions are very important for the upcoming competitive exams and knowing all the Expected Questions From Union Budget 2020 is a must, as it will help you in scoring good marks in General Awareness section of any examination.
Expected Questions From Union Budget 2020 | Set- 4
Although the number of questions related to Union Budget 2020-21 asked in the exams are relatively less but it is advisable that every aspirant should be aware Expected Questions From Union Budget 2020.
1. How many Pump sets linked to solar panels will be given to farmers?
80 lakh
20 lakh
50 lakh
75 lakh
None of these
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Correct Answer – B. 20 lakh
Explanation: Budget speech for 2020-21, the Finance Minister stated that 20 lakh farmers across the country will be provided solar pumps in a bid to encourage solar generation on the barren land with the farmers. Stating that “anna dataa can be urja dataa” or farmer can become energy generator, Sitharaman stated that there have been experiments where farmers have linked pump-sets to Solar Energy. “We aim to provide 20 lakh farmers to set up solar pumps. And an additional 15 lakh farmers to solarise their grid-connected pumps.
2. In Budget 2020-21, Which scheme has been launched for women self-help group?
Dhanya Laxmi scheme
Nari Laxmi scheme
Maha Laxmi scheme
Vidya Laxmi scheme
None of these
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Correct Answer – A. Dhanya Laxmi scheme
Explanation: The Union Finance Minister Nirmala Sitharaman announced that the government will launch a ‘Village Storage Scheme’. This, she said, will be run by women’s self-help groups. The aim of the scheme is to provide holding capacity for farmers and through this, women in villages and the rural part of the country will be able to retain their status as “Dhaanya Lakshmi” (one of the eight forms of Hindu deity Lakshmi, the goddess of wealth).
3. Kisan Rail will be set up by Indian Railways on PPP for transportation of which type of goods?
Agriculture goods
Perishable goods
Capital goods
Consumer goods
None of these
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Correct Answer – B. Perishable goods
Explanation: The Union Budget 2020-21 proposes setting up of Kisan Rail to build a national cold supply chain for perishables including meat, milk and fish. The Kisan rail will be set up by the Indian Railways through the PPP arrangement. The Kisan Rail will comprise refrigerated coaches in Express and Freight trains. The budget also proposed the launch of Krishi Udan by Civil Aviation Ministry on international and national routes to transport perishable goods to less accessible areas such as the north-east and tribal districts.
4. In Budget 2020-21, through NABARD refinance scheme, Agri credit target for 2020-21 has been proposed at?
Rs 25 lakh crore
Rs 20 lakh crore
Rs 15 lakh crore
Rs 10 lakh crore
None of these
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Correct Answer – C. Rs 15 lakh crore
Explanation: Finance Minister Nirmala Sitharaman proposed to expand the NABARD refinance scheme to cover NBFCs and cooperatives that are active in agriculture lending. The government has pegged the agricultural credit target at Rs 15 lakh crore for fiscal 2020-21.
5. In Budget 2020-21, How many empaneled hospitals are there currently in Ayushman Bharat Scheme?
50,000
30,000
20,000
25,000
None of these
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Correct Answer – C. 20,000
Explanation: Finance Minister Nirmala Sitharaman allocated Rs 69,000 crore for the health sector and announced expanding government’s flagship scheme-Ayushman Bharat scheme, billed as the World’s largest government funded health insurance scheme. “Presently under PM Jan Arogya Yojana there are more than 20,000 empanelled hospitals which help in Ayushman Bharat. We need more such hospitals to be empanelled. It is therefore proposed to set up a viability gap funding window for setting up hospitals in PPP more in the first phase, those aspirational districts (112) will be covered. Out of these 112 districts where there are no Ayshman empanelled hospitals will be given priority.
6. In Budget 2020-21, How much has been allocated to Jal Jeevan Mission has been approved?
A. Rs 4.7 lakh crore
B. Rs 5.4 lakh crore
C. Rs 3.6 lakh crore
D. Rs 3.6 lakh crore
E. None of the given options is true
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Correct Answer – D. Rs 3.6 lakh crore
Explanation: The government has approved Rs 3.60 trillion for this mission. During the year 2020-21, the scheme would be provided budget of Rs 11,500 crore,”. Aiming to provide piped water supply to all households, Prime Minister Narendra Modi had announced from the Red Fort the Jal Jeevan Mission, Sitharaman said while presenting the Union Budget for 2020-21.
7. In Budget 2020-21, How many higher education institutes will have apparenticeship programmes by March 2021?
105
150
225
125
None of these
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Correct Answer – B. 150
Explanation: The FM said about 150 higher educational institutions will start apprenticeship embedded degree/diploma courses by March 2021 and will start a programme whereby urban local bodies across the country would provide internship opportunities to fresh engineers for a period up to one year. To create infrastructure in education sector, steps would be taken to enable sourcing External Commercial Borrowings (ECB) and FDI so as to able to deliver higher quality education. Institutions that are ranked within top 100 in the National Institutional Ranking framework will start degree level full-fledged online education programme for students of deprived section of the society.
8. Which of the following Archaelogical sites will be given iconic status?
Dholavira
Shivsagar
Hastinapur
Rakhigarhi
All of the above
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Correct Answer – E. All of the above
Explanation: Union Finance Minister Nirmala Sitharaman announced the Government’s intention to develop five archaeological sites, including Assam’s very own Sivasagar, as “iconic sites”, along with the construction of onsite museums. Rakhigarhi in Haryana, Hastinapur in UP, Dholavira in Gujarat, and Adichanallur in Tamil Nadu are the other sites that have been chosen to be given “iconic” status.
9. In Budget 2020-21, How many projects will come under National Infrastructure Pipeline?
6,500 projects
4,500 projects
5,500 projects
6,000 projects
None of these
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Correct Answer – A. 6,500 projects
Explanation: The government has launched Rs 103 trillion infra projects besides providing about Rs 1.70 trillion for transport infrastructure and accelerating highways construction. Presenting the Union Budget 2020-21 in Parliament, Sitharaman said focus is on infrastructure for economic development and 6,500 projects across sectors under National Infrastructure Pipeline (NIP) envisions ease of living for citizens.
10. In Budget 2020-21, How much has been allocated for transport infrastructure?
A. Rs 3.1 lakh crore
B. Rs 2.1 lakh crore
C. Rs 1.7 lakh crore
D. Rs 3.8 lakh crore
E. None of these
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Correct Answer – C. Rs 1.7 lakh crore
Explanation: Finance Minister Nirmala Sitharaman Rs 1.7 lakh crore have been allocated for transport infrastructure in Union Budget 2020-21. Under the UDAn scheme, 100 new airports will be developed. The FM also reiterated commitment to the Rs 103 lakh crore National Infrastructure Pipeline. The steps to boost infra pipeline will help in creating demand in core sectors of the economy and also create jobs. Bengalore city Suburban Transportation has been given special focus in Budget 2020-21?
