Quiz Questions on Union Budget 2014-15 for Exams: Part 2

Friends.. Here is the Part 2 Questions of the series.

21) Kisan Vikas Patra was reintroduced in Union Budget 2014. What is Kisan Vikas Patra?

Ans. Kisan Vikas Patra is a saving scheme that was announced by the Government of India that doubles the money invested in eight years and seven months. The Directorate of Small Savings Government of India, sells these saving bonds through all Post Offices in the country so that the scheme can be accessed by citizens from all over the country. A KVP can be encashed after two and a half years from the date of issue at the value it has been bought and the interest accrued for the period.

22) Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to .........?

Ans. Rs 15,000

23) Minimum pension increased to ...... per month in Budget 2014?

Ans. Rs 1,000

24) How many new IIMs have been announced in Union Budget 2014?

Ans. 5

Note: In HP, Punjab, Bihar, Odisha and Rajasthan

25) How many new IITs have been announced in Union Budget 2014?

Ans. 5

Note: To come up in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.

26) How many new AIIMs have been announced in Union Budget 2014?

Ans. 4

Note: To come up in Andhra Pradesh, West Bengal, Vidarbha in Maharashtra and Poorvanchal in Uttar Pradesh.

27) Govt proposed to launch which programme to ensure broad band connectivity at village level as announced in Union Budget 2014?

Ans. 'Digital India’

28) Name the TV channel announced for farmers in Union Budget 2014-15?

Ans. KISAN TV

29) Name the TV channel announced for North East in Union Budget 2014-15?

Ans. Arun Prabha TV

30) Name the project on the river Ganga for inland waterways between Allahabad and Haldia announced in Union Budget 2014-15?

Ans. Jal Marg Vikas

Note: Rs 4,200 crore set aside for the purpose.

31) EPFO to launch which Service for contributing members?

Ans. Uniform Account Number

32) Name the new programme announced to give impetus to watershed development in the country with an initial outlay of Rs. 2142 crores?

Ans. Neeranchal

33) Name the scheme announced in Budget to generate awareness and help in improving the efficiency of delivery of welfare services meant for women?

Ans. Beti Bachao, Beti Padhao Yojana

34) Two National Institutes of Ageing announced to be set up in Union Budget will be at?

Ans. AIIMS, New Delhi and Madras Medical College, Chennai.

35) How much fund has been allotted to support about 600 new and existing Community Radio Stations?

Ans. Rs 100 crore

36) Swachh Bharat Abhiyan to cover every household with sanitation facility by the year?

Ans. 2019

37) Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called?

Ans. Namami Gange

38) Fund allocated for increasing safety of women in large cities?

Ans.  Rs 150 crore

39) Amount allotted for the project of developing 100 Smart Cities?

Ans. Rs. 7,060 crore

40) Fund set aside for PSU banks capitalisation?

Ans. Rs 11,200 crore

Click here to read Part 1
Click here to read Part 3

Read More

Union Budget 2014-15 related Questions and Answers for SBI Clerk & other exams- Part 1

1) Union Budget of India is referred to as the Annual Financial Statement in which article of the Constitution of India?

Ans. Article 112

2) On which day Union budget is presented in Lok Sabha normally?

Ans. Last working day of February by the Finance Minister of India

3) When will the Budget come to effect every financial year?

Ans. April 1

4) What does 'Vote on Account' deals with?

Ans. Expenditure side of the government's budget

5) Which Finance Minister presented the budget ten times, the most by any in Parliament?

Ans. Morarji Desai

6) Name the Finance Minister of India who has presented the Union Budget 2014 in Parliament on 10 July 2014?

Ans. Arun Jaitley

7) Who has presented the first Union budget of independent India on November 26, 1947?

Ans.  R. K. Shanmukham Chetty

8) On February 29 in 1964 and 1968 who became the only finance minister to present the Union budget on his birthday?

Ans. Moraji Desai

9) Who were the three Prime Ministers who presented the Budget in Parliament as they were holding the Finance Ministry portfolio?

Ans. Jawaharlal Nehru, Indira Gandhi and Rajiv Gandhi

10) Until the year 2000, at which time Union Budget was presented in Lok Sabha?

Ans. 5.00 PM

Note: This practice was inherited from the Colonial Era, when the British Parliament would pass the budget in the noon followed by India in the evening of the day.

11) From 2001 Union Budget was announced at 11 am. Who presented first budget at 11 am in 2001?

Ans. Yashwant Sinha

12) In Union budget 2014 FDI cap in Defense and Insurance sector has been increased to ......... % from 26%?

Ans. 49%

13) The tax exemption limit has been increased to ........ lakhs from existing 2 lakhs in Budget 2014?

Ans. 2.5 lakhs

14) Income tax exemption limit for senior citizens has been raised to ...... in Budget 2014?

Ans. 3 lakhs

15) Investment limit under Section 80C has also been increased to ....... from existing 1 lakhs in Budget 2014?

Ans. 1.5 lakhs

16) Housing loan interest rate deduction limit has been increased to?

Ans. 2 lakhs

17) Finance Minsiter has put forth aim to achieve ....... per cent economic growth rate in next 3-4 years?

Ans. 7-8 %

18) Which scheme will be introduced at 9 airports in the country as announced in Budget 2014?

Ans. E-visa

19) Govt proposed to set up how many smart cities in Union Budget 2014?

Ans. 100

20) Total sanitation in India is expected by which year as announced in Budget 2014?

Ans. 2019

Click here to read Part 2
Click here to read Part 3

Read More

Questions on Glasgow Common Wealth Games 2014 for competitive Exams

1) The 2014 Commonwealth Games is being held in?

Ans. Glasgow, Scotland

2) The 2014 Commonwealth Games will be held from?

Ans. 23 July to 3 August 2014

3) Scotland had previously hosted Commonwealth Games in?

Ans.  1970 and 1986 at  Edinburgh

4) How many sports are proposed for the 2014 Commonwealth Games?

Ans. 18

5) How many participating nations are at the 2014 Commonwealth Games?

Ans. 71

6) Which country has withdrawn from the Commonwealth Games on 7 October 2013?

Ans.  The Gambia

7) How many medal events will be held in CWG 2014?

Ans.  261

8) Which events will be held for the very first time at Commonwealth Games 2014?

Ans. Women's boxing, Triathlon mixed relay event and Para Cycling

9) Which event will be held for the first time since 2006 in CWG 2014?

Ans.  Triathlon

10) Which event will be held for the first time since 2002 in CWG 2014?

Ans.  Judo

11) Which events from the 2010 games were replaced with triathlon and Judo this year?

Ans.  Archery and tennis

12) What does 2014 Common Wealth Games logo depicts?

Ans. Two Sprinters woven into a tartan motif, representing Scotland.

13) 2014 CWG is the .............. edition of the Commonwealth Games?

Ans. 20th

14) When is Commonwealth Day observed?

Ans. Second Monday in March

15) Which will be the official mascot of the 2014 Commonwealth Games?

Ans. Clyde, a thistle named after the river which flows through the centre of Glasgow

16) When was the first Commonwealth Games held?

Ans. 1930

17) Who federation oversee the Commonwealth Games?

Ans.  Commonwealth Games Federation (CGF)

18) How many members are there in the Commonwealth of Nations?

Ans. 53

Note: Although there are 53 members of the Commonwealth of Nations, 71 teams participate in the Commonwealth Games, as a number of dependent territories compete under their own flag. The four Home Nations of the United Kingdom—England, Scotland, Wales, and Northern Ireland—also send separate teams.

19) Name the nations which attended every Commonwealth Games?

Ans. Australia, Canada, England, New Zealand, Scotland and Wales.

20) Which nations are called Commonwealth Nations?

Ans. Nations which were territories of the former British Empire.

21) Where was the last Common Wealth Games held in 2010?

Ans. New Delhi, India

22) Which country finished first in Commonwealth Games 2010 with a medal tally of 177?

Ans. Australia

23) What was India's position in Common Wealth Games 2010?

Ans. Second. With 101 medals.

24) How many events were played in 2010 edition against 17 this time?

Ans. 21

25) India will be participating in 14 of those 17 events at Glasgow. Which are the other 03 events India is not participating?

Ans. Netball, Rugby Sevens and Triathlon.

Read More

Daily Current Affairs: 22nd July 2014

1) Google Maps now available in Hindi: Search giant Google on Tuesday launched its Google Maps in Hindi seeking to make its navigation service more useful for users locally. Google Maps in Hindi will be available for desktop and android mobile phone users, who will be able to see Hindi names for cities, localities, important roads and routes as well as popular points of interest such as public parks and schools.

2) Six entities get permission to start airline operations: The Civil Aviation Ministry has issued No Objection Certificates (NOCs) to six entities whose applications to start airlines in India were pending for long. These six — Air One, Premier Air, Zexus Air (all national), Turbo Megha, Air Carnival and Zav Airways (all regional) — are in addition to the Tata-Singapore Airlines joint venture that is likely to start operations by this year-end. The grant of NOC was confirmed by officials but Director-General of Civil Aviation (DGCA) Prabhat Kumar was not available for comment. Another new airline, AirAsia India, commenced domestic operations last month. Air Pegasus is also likely to get Air Operators Permit, the final nod to start operations, soon.

3) James Rodriguez volley vs. Uruguay voted best goal of World Cup: James Rodriguez's first strike in Colombia's 2-0 World Cup win over Uruguay has been voted goal of the tournament, ahead of Robin van Persie's headed equalizer for the Netherlands in its 5-1 win over Spain. The Monaco star — who is expected to complete his 88 million-euro move to Real Madrid this week — controlled a looped header from Juan Cuadrado with his chest before turning and volleying home via the underside of the crossbar from 20 yards out to give Jose Pekerman's men the lead after 28 minutes of play.

4) Carlos Dunga appointed Brazil coach: Dunga has been appointed as the new coach of Brazil in what will be his second stint with the national team. The 1994 winning captain has already had a four year stint as Brazil’s coach, which came to an end after Brazil was eliminated at the quarterfinal stage of 2010 World Cup. Luiz Felipe Scolari was earlier sacked after Brazil faced a humiliating 7-1 defeat against Germany in semi-finals of the World Cup in Brazil. After being appointed, the former Brazilian defensive midfielder said, “I am immensely happy – thank you for your confidence in me.” Dunga has an uphill task to recover from Brazil’s World Cup defeat on home soil but feels he is ready for the challenge.

5) Jokowi wins Indonesian presidential election with 53%: Indonesia's Election Commission (KPU) declared Jakarta governor Joko Widodo as the winner of the July 9 presidential election, with 53.15 per cent of the vote to his rival Prabowo Subianto's 46.85 per cent. Mr Joko got 70.6 million votes, a clear 8.3 million more than Mr Prabowo's 62.3 million, according to official results that confirm what eight reputable polling agencies had projected hours after polls closed two weeks ago.  

6) Sania Mirza Appointed Brand Ambassador of Telangana: Indian tennis star Sania Mirza was on Tuesday appointed 'Brand Ambassador' of Telangana. She will promote the new "state's interests" in India and abroad, according to industrial infrastructure corporation managing director Jayesh Rajan. Chief minister K Chandrasekhar Rao handed over a letter of appointment and also a cheque of Rs one crore to 27-year-old Sania at an interaction session with industrialists here.

Read More

Previous Year Solved Question Paper of RBI Grade B Officer Exam Phase 1

Friends..Reserve Bank of India is going to conduct the Phase 1 exam for Officers in Grade B cadre Direct Recruitment on 3 August 2014. It is very important to refer the previous year question paper in order to have an idea about the pattern of questions and the difficulty level. In this post, we are providing you the question paper of RBI Grade B Officers exam held on 06 February 2011 and 18 December 2011. These questions were shared by our friend Dinesh from Chennai. We thank him on behalf of all our readers and team and wish him great success in the upcoming exam. You can download the question paper as PDF from the below links. All the best.

Question Paper (Exam held on 06 Feb 2011): Click Here

Question Paper (Exam held on 18 dec 2011): Click Here

Also read Current Affairs articles from here which will be useful.

Click Here to read the pattern of exam.

Read More

Pattern of RBI Grade B Officers Exam 2014 Phase I

Friends..as you are aware RBI is going to conduct the exam for Recruitment of Officers in Grade ‘B’ - (General) Phase I on 03 August 2014. Here is the pattern of exam.

This Recruitment Examination will be held in two Phases [Phase-I ON-LINE Examination (Objective Type) and Phase-II Written Examination (Descriptive Type)].

PHASE I (Will be conducted Online - Objective Type)

Questions will be asked from

General Awareness (80 questions & 80 marks)

English Language ( 30 questions and 30 marks)

Quantitative Aptitude ( 30 questions and 30 marks)

Reasoning ( 60 questions and 60 marks)

Composite time of 130 minutes for all tests together will be given.

The Objective type Exam for Phase- I ON-LINE will be held on August 3, 2014 as indicated in the Admission Letter. Candidates have to secure minimum marks separately for each test as well as aggregate, as prescribed by the Board. Candidates, who secure minimum marks separately for each Test, as prescribed, will be shortlisted for Phase-II of the Examination (which will be tentatively conducted in September 2014) based on the aggregate marks obtained in the Objective Test. The minimum aggregate cut off marks for being shortlisted for Phase-II of the Examination will be decided by the Board in relation to the number of vacancies. Roll No. of the candidates shortlisted in Phase-I of the On Line Examination will be published on RBI website and a brief notice thereof in leading newspapers in August 2014.

Phase - I: OBJECTIVE TYPE TEST (ONLINE EXAMINATION)

The time for the test is 130 minutes; however you may have to be at the venue for approximately 180 minutes including the time required for logging in, collection of the Admission Letters, giving of instructions etc. The tests will be provided in English and Hindi. You can attempt any question from 1 to 200 at any point of time within these 130 minutes. All the questions will have multiple choices. Out of the five answers to a question only one will be the correct answer. You have to select the most appropriate answer and ‘mouse click’ that alternative which you feel is appropriate/ correct. The alternative/ option that you have clicked on will be highlighted and will be treated as your answer to that question. There will be penalty for wrong answers marked by you. For every wrong answer marked by you, 1/4th of the marks assigned to that question will be deducted as penalty. 

For more details see Information Handout issued by RBI: Click Here

Read More

Kerala Gramin Bank Recruitment 2014 for 683 Officers & Office Assistant Posts

Kerala Gramin Bank (KGB) has invited applications for the recruitment of 683 Officer Junior Management Scale-I (Assistant Manager) & Office Assistant (Multipurpose) Vacancies. Candidates who have been declared qualified at the Online CWE for RRBs conducted by IBPS during September/ October 2013 are eligible to apply for these posts. Eligible candidates can apply through online from 23-07-2014 to 11-08-2014. Further details are as follows:

Important Dates:

Starting Date for Online Application: 23-07-2014.

Last Date for Submission of Online Application: 11-08-2014.

Starting Date to make Payment: 23-07-2014.

Last Date for Submission of Online Application: 11-08-2014.

Last Date for Reprint: 26-08-2014.

Total No. of Posts: 683

Name of the Posts:

I. Officer Junior Management Scale – I (Assistant Manager):

1. SC: 37 Posts

2. ST: 18 Posts

3. OBC: 68 Posts

4. General: 130 Posts

II. Office Assistant (Multipurpose):

1. SC: 43 Posts

2. ST: 04 Posts

3. OBC: 116 Posts

4. General: 267 Posts

Age (As on 01-07-2013)

For Officer Junior Management Scale I (Assistant Managers): Above 18 Years but Below 28 Years, i.e., candidates should not have been born earlier than 03.07.1985 and later than 30.06.1995 (both dates inclusive)

For Office Assistant (Multipurpose): Between 18 Years and 28 Years, i.e., candidates should not have been born earlier than 02.07.1985 and later than 01.07.1995 (both dates inclusive).

Educational Qualification: Candidates should possess Bachelor Degree of a recognised University in any discipline or its equivalent with Proficiency in Local Language & Computer knowledge or awareness.

Selection Process: Candidates are selected based on RRBs- CWE-II conducted by IBPS in September/ October 2013 and Personal Interview.

For more details check official notification from below link.

Read official notification: Click Here

Apply Online: Click Here

Read More

RBI Grade B Officers Exam 2014: Download Admit Card/Call Letter now

Friends..Reserve Bank of India (RBI) has activated the link now to download the Admit Card/Call Letter for RBI Grade B Officers Online Examination. The examination will be held on August 3, 2014 in two sessions. For downloading the admit card enter Registration No and Date of Birth or Password.

Download Admit Card: Click Here

View Notification: Click Here

Download Information Handout: Click Here

View useful books for this exam: Click Here

Read More

Daily Current Affairs Updates: 21 July 2014

1) India claims historic test win at Lord’s against England: Ishant Sharma claimed seven wickets to bowl India to a 95-run victory over England in the second test at Lord’s on Monday, their first overseas win since 2011. Ravindra Jadeja ran out James Anderson in the 89th over of the innings to seal the win. India’s second victory at home of cricket and first since 1986 continued England’s miserable year after series defeats by Australia and Sri Lanka. The third test will start at Southampton on Sunday.

2) Katju sparks controversy, Congress says why rake up issue now: Press Council of India chairman Justice Markandey Katju's allegations of corruption in judiciary snowballed into a major controversy Monday with parties demanding a probe into the matter as well as questioning the timing of the disclosure. The issue also rocked both houses of parliament. The Congress tried to distance itself from the controversy, asking why the issue was being raised now, but former law minister H.R. Bhardwaj admitted that UPA-I was under pressure from DMK to grant extension to a Madras High Court additional judge, Justice Ashok Kumar.Katju in his blog had said that an additional judge of the Madras High Court was appointed during the UPA regime despite an Intelligence Bureau report revealing charges of corruption against him.

3) Centre notified rules for govt. staff under Lokpal Act: The Centre has notified new rules on declaration of assets and liabilities of its employees under the Lokpal Act. As per the new rules, government employees have to file returns with details of cash in hand, bank deposits, investment in bonds, debentures, shares and units in companies or mutual funds, insurance policies, provident fund, personal loans and advance given to a person or any entity, among others. The employees also to have to give details of their immovable properties along with statement of debts and other liabilities on first appointment or as on March 31 of every financial year.

4) Steven Gerrard announced retirment from International Football: Steven Gerrard has announced his retirement from international football following the dismal World Cup campaign in Brazil that saw England knocked out at the group stages in their worst ever performance in the prestigious tournament. The FA confirmed the news via their website, with Gerrard bringing the curtain down on an international career that saw him amass 114 caps and 21 goals for the Three Lions.

5) Shooter Vijay Kumar to be India’s flag-bearer at CWG opening ceremony: London 2012 silver medallist Vijay Kumar will be the Indian flag-bearer at the opening ceremony of the 20th Commonwealth Games at Glascow, Scotland on Wednesday. It was a toss-up between Vijay Kumar and wrestler Yogeshwar Dutt after Beijing 2008 gold medallist Abhinav Bindra declined to do the honours as his event was to take place on Thursday. Vijay Kumar was the best shooter at the London Olympics, winning silver in the rapid-fire pistol event. The Indian team for the Games will comprise of 221 athletes, including 101 women, besides 83 officials. In all, the effective strength of the contingent in Glasgow will be 304. India will be participating in 14 of the 17 disciplines in which competitions are to be held. The events left out are netball, rugby sevens and triathlon.

6) TRAI recommends sharing of all telecom spectrum: In a move that could help companies significantly reduce cost of mobile services, telecom regulator TRAI on Monday recommended allowing sharing of all categories of airwaves held by operators including spectrum allocated at old price of Rs 1,658 crore or assigned without auction. At present, telecom operators have been allocated airwaves frequency in 800 megahertz (CDMA), 900 Mhz, 1800 Mhz, 2100 Mhz (3G), 2300 Mhz and 2500 Mhz (4G) for wireless telecom services.

Read More

SSC to exclude two questions from CGL re-exam 2013 held on 20 July 2014

Staff Selection Commission which conducts the Combined Graduate level exam in India has decided to exclude two questions during evaluation due to the controversy araised of it.

Here is the write up updated today(22 July 2014) in SSC Website

Times of India dated 21.7.2014, Delhi Edition has reported about two questions which figured in Combined Graduate Level re-examination 2013 Question Paper.

The Commission has looked into the matter and is of the view that the two questions are improper and should not have been included.  The Commission has already issued instructions that the two questions will not be taken into account for evaluation.

Now coming to the article and the controversial questions. The questions were:

One in General Awareness section ie, Who among the following actresses is the tallest in height [sic]?

(a) Huma Qureshi (b) Katrina Kaif (c) Deepika Padukone (d) Preity Zinta

Other appeared in the General Intelligence and Reasoning section. Two statements were given. First: All women are cats. Second: All cats are rats. Therefore the two possible conclusions are: (a) All women are rats or (b) All rats are women.

Taking strong objection to the questions, the Kerala Women’s Commission had demanded an explanation from the Staff Selection Commission for what it called “gender insensitive” questions for the combined graduate level examination.

Women’s commission chairperson K.C. Rosakutty said “comparing women to animals is unjustified”, adding that it defamed women. She said such trends should not be entertained. Educationist R.V.G. Menon was quoted as saying that the questions reflected the attitude of those who framed them.

Click Here to read the article from timesofindia

Read More