728x90 AdSpace

Monday, March 2, 2015

Quiz Questions on Budget 2015-16: Part 1

1) On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015

2) Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? - Arun Jaitley

3) Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit? - Rs 2.5 lakh

4) Health Insurance Premium deduction hiked from Rs. 15,000 to? - Rs. 25,000 (for senior citizens to Rs. 30,000)

5) Transport allowance exemption hiked to Rs. 1,600, from ____ per month? - Rs. 800

6) PAN card is must for all purchase above ____ rupees as proposed in Budget 2015-16? - Rs. 1 lakh

7) An additional ___% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? - 2%

8) Wht change was made in the Wealth tax? - Wealth tax abolished

9) DTC was dropped in the Budget 2015-16. Expand DTC? - Direct Taxes Code

10) Corporate tax to be reduced from 30% to ___ over next four years? - 25%

11) Mudra banks to be established with capital of Rs.___ crore? - 20000

12) Rs. ____ deduction for contribution to New Pension Scheme? - Rs. 50,000

13) GAAR implementation deferred by 2 years to? - April 2017

14) Service Tax rate hiked to ___% from 12.36%? - 14%

15) Tax free bonds were proposed in budget for? - Roads, railways, irrigation projects
Read Part 2: Click Here
Quiz Questions on Budget 2015-16: Part 1 Reviewed by Currentaffairs4examz on 2.3.15 Rating: 5 1) On which date Union Budget 2015-16 was presented in Parliament? - 28 February 2015 2) Nam...

No comments :