MCQs on Union Budget 2011-12

 MCQs

1) Who presented the Union Budget 2011-12 in the Parliament on February 28, 2011?

a) Manmohan Singh b) Pratibha Devisingh Patil c) Hamid Ansari d) D.Subbarao e) Pranab Mukherjee

2) The first Union budget of independent India was presented by?

a) R.K.Shanmukham Chetty b) Jawaharlal Nehru c) Morarji Desai d) Indira Gandhi e) Manmohan Singh

3) Disinvestment Target for 2011-12 has been placed at?

a) Rs. 10000 crore b) Rs. 20000 crore c) Rs. 30000 crore d) Rs. 40000 crore e) None of these

4) Foreign Institutional Investor-(FII) limit for investment in Indian corporate bonds raised from $20 billion to?

a) $30 billion b) $40 billion c) $50 billion d) $60 billion e) None of these

5) As per Union Budget 2011-12, Indian Micro Finance Equity Fund of Rs.100 crore to be created with?

a) SBI b)ICICI

c) NABARD d)IDBI e) SIDBI

6) Rural Infrastructure Develo-pment Fund (RIDF) was set up by the Government in?

a) 1995-96 b) 1996-97 c) 1997-98 d)1998-99 e) None of these

7) The corpus allocated for Rural Infrastructure Development Fund (RIDF) for 2011-12 is?

a) Rs.16000 b) Rs.17000 c) Rs.18000 d) Rs.19000 e) None of these

8 ) The target of credit flow to farmers has been raised from Rs.3,75,000 crore of 2010-11 to ……in 2011-12?

a) Rs.4,75,000 crore b) Rs.5,75,000 crore c) Rs.6,75,000 crore d) Rs.7,75,000 crore e) None of these

9) Rural Infrastructure Develo-pment Fund (RIDF) is maintained by?

a) RBI b) SBI c) NABARD d) IDBI Bank e) None of these

10) Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to?

a) 64 years b) 63 years c) 62 years d) 61 years e) 6o years