Banking Quiz for Canara Bank and Syndicate Bank PO Exam 2018 (Based on Union Budget 2018-19)

With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness (Quiz based on Union Budget 2018-19) not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.

Q1. In Union Budget 2018-19 FM Arun Jaitley has proposed to revise emoluments for the President to how much amount?   

(a) Rs. 10 lakh per month

(b) Rs. 7 lakh per month

(c) Rs. 5 lakh per month

(d) Rs. 3 lakh per month

(e) Rs. 16 lakh per month

Q2. The Budget Revised Estimates for expenditure in 2017-18 are ________________ (net of GST compensation transfers to the States) as against the Budget Estimates of Rs.21.47 lakh crore.

(a) Rs. 21.57 lakh crore

(b) Rs. 21.67 lakh crore

(c) Rs. 21.77 lakh crore

(d) Rs. 21.87 lakh crore

(e) Rs. 21.97 lakh crore

Q3. In Union Budget 2018-19 FM Arun Jaitley has proposed to revise emoluments for the vice president to how much amount?   

(a) 6 lakh per month

(b) 5 lakh per month

(c) 2 lakh per month

(d) 3 lakh per month

(e) 4 lakh per month

Q4. Finance Minister projected a Fiscal Deficit of ________ of GDP for the year 2018-19. 

(a) 3.1%

(b) 3.3%

(c) 3.2%

(d) 3.4%

(e) 3.6%

Q5. In Union Budget 2018-19 FM Arun Jaitley has proposed to revise emoluments for the Governor to how much amount?

(a) Rs. 5.5 lakh per month

(b) Rs. 4.5 lakh per month

(c) Rs. 2.5 lakh per month

(d) Rs. 3.5 lakh per month

(e) Rs. 1.5 lakh per month

Q6. FM Arun Jaitley has proposed acceptance of key recommendations of the Fiscal Reform and Budget Management Committee to bring down Central Government’s Debt to GDP ratio to-

(a) 20%

(b) 30%

(c) 50%

(d) 60%

(e) 40%

Q7. Finance Ministry has proposed how much percent deduction to companies registered as Farmer Producer Companies with an annual turnover upto Rs. 100 crore on profit derived from such activities, for a period of five years from financial year 2018-19?

(a) 10%

(b) 80%

(c) 90%

(d) 100%

(e) 50%

Q8. The Budget proposals also seek to provide relief to salaried tax payers by allowing a Standard Deduction of _________ in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.

(a) Rs. 50,000

(b) Rs. 20,000

(c) Rs. 40,000

(d) Rs. 60,000

(e) Rs. 80,000

Q9. In union budget 2018-19, exemption of interest income on deposits with banks and post offices are proposed to be increased from Rs. 10,000 to- 

(a) Rs. 40,000

(b) Rs. 50,000

(c) Rs. 60,000

(d) Rs. 20,000

(e) Rs. 30,000

Q10. Turning to rationalization of LTCG, the Finance Minister has noted buoyancy in the equity market, as a result of reforms and incentives given so far. LTCG stands for-

(a) Long Term Capital Gains

(b) Long Term Capital General

(c) Long Term Core Gains

(d) Long Term Company Gains

(e) Long Term Capital Giants

Q11. In order to take care of the education and health care needs of Below Poverty Line (BPL) and rural families, The Budget proposes to increase the cess on personal income tax and corporation tax to __________ percent from the present 3 percent.

(a) 3.5 per cent

(b) 4.5 per cent

(c) 4.0 per cent

(d) 5.5 per cent

(e) 5.0 per cent

Q12. According to Union Budget 2018-19, the Government is confident that loans to SHGs will increase to ___________ crore by March 2019.

(a) Rs.75,000 crore

(b) Rs.25,000 crore

(c) Rs.50,000 crore

(d) Rs.60,000 crore

(e) Rs.90,000 crore

Q13. Strengthening the Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani – the Government allocated how much amount for this purpose?

(a) Rs. 1,800 crore

(b) Rs. 5,700 crore

(c) Rs. 6,300 crore

(d) Rs. 8,100 crore

(e) Rs. 2,600 crore

Q14. How many projects have been sanctioned under Namami Gange Programme for infrastructure development, reverse surface cleaning, rural sanitation and other interventions at a cost of Rs.16,713 crore in union budget 2018-19?

(a) 221 projects

(b) 187 projects

(c) 320 projects

(d) 514 projects

(e) 680 projects

Q15. The budgetary and extra budgetary expenditure for the Sector has been increased from Rs.4.94 lakh crore in 2017-18 to ___________ lakh crore in 2018-19.

(a) Rs.10.12 lakh crore

(b) Rs.35.34 lakh crore

(c) Rs.15.17 lakh crore

(d) Rs.5.97 lakh crore

(e) Rs.21.23 lakh crore

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