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Top Union Budget 2022 Questions by Bank Clerk Coaching
Understanding the Union Budget in detail is a must for every Govt. Job aspirant regardless of whether he / she is preparing for SSC, Banking, CDS, Railways or PSU examinations. Questions based on the data presented in the annual Budget are surely going to be there in these exams.
Vidya Guru, widely recognized as the Institute providing the Best Online SSC Coaching Classes to students across India, has covered the nitty-gritty of the 2022 budget in the form of the quiz given below. It is going to be beneficial from the point of view of not only assessing your knowledge, but also enhancing your learning. So, go through each question carefully and learn all the associated facts and figures.
Union Budget 2022 Quiz
Question 1) A fund with blended capital raised under the co-investment model facilitated through _____ will be set up to finance start-ups in agriculture and rural enterprises.
A) RBI
B) NABARD
C) SIDBI
D) FCI
E) None of these
Answer – B) NABARD
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, A fund with blended capital raised under the co-investment model facilitated through NABARD will be set up to finance start-ups in agriculture and rural enterprises.
Question 2) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, The government will implement a rationalized and comprehensive scheme to increase domestic production of ____ seeds
A) Flower
B) Vegetables
C) Fruits
D) Oil
E) None of these
Answer – D) Oil
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, The government will implement a rationalized and comprehensive scheme to increase domestic production of oil seeds.
Question 3) As per the Union Budget 2022-23, which among the following portals will be interlinked and their scope will be widened?
A) Udyam, e-Shram, NCS and RBI
B) Udyam, e-Shram, NSDL and ASEEM
C) Udyam, e-Shram, NCS and ASEEM
D) Udyam, UIDAI, NCS and ASEEM
E) None of these
Answer – C) Udyam, e-Shram, NCS and ASEEM
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, Udyam, e-Shram, NCS and ASEEM portals will be interlinked.
Question 4) Which among the following programmes is related to the development of lagging blocks of aspirational districts?
A) Vibrant Villages Programme
B) Aspirational Blocks Programme
C) Har Ghar, Nal Se Jal
D) Housing for All
E) None of these
Answer – B) Aspirational Blocks Programme
Explanation:
The “Aspirational Blocks Programme” is related to the development of lagging blocks of aspirational districts. The programme will focus on blocks in those districts in 2022-23.
Question 5) The new “Vibrant Villages Programme” will cover the development of villages on the ______
A) Northern Border
B) Southern Border
C) Eastern Border
D) Western Border
E) None of these
Answer – A) Northern Border
Explanation:
“Vibrant Villages Program”
It will cover the development of villages on the Northern Border.
Question 6) How much % of the Post Offices come under the core banking system?
A) 20%
B) 50%
C) 75%
D) 100%
E) None of these
Answer – D) 100%
Explanation:
As per the Budget 2022-2023, 100% of 1.5 lakh post offices to come under Core Banking System in 2022.
Question 7) As per the Budget 2022-2023, issuance of e-Passports using embedded chip and futuristic technology will be rolled out in _____
A) 2023-2025
B) 2023-2024
C) 2022-2024
D) 2022-2025
E) 2022-2023
Answer – E) 2022-2023
Explanation:
As per the Budget 2022-2023, issuance of e-Passports using embedded chip and futuristic technology will be rolled out in 2022-2023.
Question 8) How many Digital Banking Units to be set up by the Scheduled Commercial Banks?
A) 25
B) 45
C) 75
D) 95
E) None of these
Answer – C) 75
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, Scheduled Commercial Banks to set up 75 Digital Banking Units in 75 districts.
Question 9) Which of the following will launch the Digital Rupee, using blockchain and other technologies, starting 2022-23?
A) SBI
B) ICICI
C) RBI
D) Ministry of Finance
E) None of these
Answer – C) RBI
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, RBI will introduce Digital Rupee, using blockchain and other technologies.
Question 10) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, how much is being enhanced from _____ in the Budget Estimates to______ in the Revised Estimates for the current year for “Financial Assistance to States for Capital Investment”
A) Rs 5000 crore to Rs 10000 crore
B) Rs 8000 crore to Rs 10000 crore
C) Rs 15000 crore to Rs 20000 crore
D) Rs 10000 crore to Rs 20000 crore
E) None of these
Answer – D) Rs 10000 crore to Rs 20000 crore
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, how much is being enhanced from Rs.10000 crore in the Budget Estimate(BE) to Rs.20000 crore in the Revised Estimate(RE) for the current year for “Financial Assistance to States for Capital Investment”
Question 11) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, how much is allocated to assist the states in catalyzing overall investments in the economy?
A) Rs 2 lakh crore
B) Rs 1 lakh crore
C) Rs 5 lakh crore
D) Rs 3 lakh crore
E) None of these
Answer – B) Rs 1 lakh crore
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, Rs 1 lakh crore is allocated to assist the states in catalyzing overall investments in the economy.
Question 12) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman the government will establish the “Centre for Processing Accelerated Corporate Exit (C-PACE)” for speedy winding-up of companies from the currently required 2 years to less than _____ months.
A) One
B) Two
C) Six
D) Four
E) Five
Answer – C) Six
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman the government will establish the “Centre for Processing Accelerated Corporate Exit (C-PACE)” for speedy winding-up of companies from the presently required 2 years to fewer than 6 months.
Question 13) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, the government will set up an expert committee to examine which of the following investments?
A) Venture Capital
B) MIIF
C) Private Equity
D) Only (A) and (C)
E) SIDBI Fund
Answer – D) Only (A) and (C)
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, the government will set up an expert committee to examine and suggest appropriate measures to scale venture capital and private equity investments in India.
Question 14) As per the Union Budget 2022-2023, the government will promote thematic funds for blended finance with the government’s share being limited to _______ to encourage important sunrise sectors.
A) 25%
B) 20%
C) 15%
D) 30%
E) None of these
Answer – B) 20%
Explanation:
As per the Union Budget 2022-2023, The government will promote thematic funds for blended finance with the government’s share being limited to 20% which is being managed by private fund managers to encourage important sunrise sectors. These sectors are listed below:
● Climate Action
● Deep-Tech
● Digital Economy
● Pharma
● Agri-Tech
Question 15) Which of the following will be set up in the GIFT City for timely settlement of disputes under international jurisprudence?
A) International Committee
B) International Court
C) International Council
D) International Arbitration Centre
E) None of these
Answer – D) International Arbitration Centre
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, an International Arbitration Centre will be set up in the GIFT City.
Question 16) How much is allocated for the outlay for capital expenditure in the Union Budget?
A) Rs. 7.50 lakh crore
B) Rs. 2.50 lakh crore
C) Rs. 3.50 lakh crore
D) Rs. 4.50 lakh crore
E) None of these
Answer – A) Rs. 7.50 lakh crore
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, Outlay for capital expenditure in the Union Budget is increased 35.4% to Rs 7.50 lakh crore in 2022-23.
Question 17) As per the Union Budget 2022-2023, How much is estimated for the ‘Effective Capital Expenditure’ ?
A) 23.68 lakh crore
B) 15.68 lakh crore
C) 30.68 lakh crore
D) 10.68 lakh crore
E) 20.68 lakh crore
Answer – D) 10.68 lakh crore
Explanation:
As per the Union Budget 2022-2023, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs 10.68 lakh crore(4.1% of GDP) in 2022-23.
Question 18) As per the union Budget 2022-2023, How much % of annual collections under the Universal Service Obligation Fund will be allocated to promote R&D and commercialization of technologies and solutions.?
A) 7%
B) 5%
C) 6%
D) 2%
E) 4%
Answer – B) 5%
Explanation:
As per the union Budget 2022-2023, The 5 percent of annual collections under the Universal Service Obligation Fund will be allocated to promote R&D and commercialization of technologies and solutions.
Question 19) As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, The contracts for laying optical fibre in all villages which includes remote areas, will be awarded under the Bharatnet project through PPP in _________
A) 2023-2025
B) 2023-2024
C) 2022-2024
D) 2022-2025
E) 2022-2023
Answer – E) 2022-2023
Explanation:
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman, The contracts for laying optical fibre in all villages which includes remote areas, will be awarded under the Bharatnet project through PPP 2022-2023
Question 20) As per the Budget 2022-23, World-class foreign universities and institutions will be allowed in the GIFT City to offer courses in ________
A) Financial Management and FinTech
B) Science and Technology
C) Engineering and Mathematics
D) All of these
E) None of these
Answer – D) All of these
Explanation:
As per the Budget 2022-23, World-class foreign universities and institutions will be opened in the GIFT City. It will offer the courses mentioned below.
● Financial Management
● FinTech
● Science
● Technology
● Engineering
● Mathematics
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Summary
This Budget quiz is based on the announcements made and data presented by the FM in her budget speech in the parliament. Our experts have culled out the significant information from it and created this quiz for your benefit. In addition to such quizzes, we suggest that you go through Vidya Guru’s YouTube channel for further learning.