Budget 2015-16 Questions for Exams

1. As per Budget 2015-16 proposal, GST (Goods and Services Tax) to be put in place by? - April 1, 2016
2. ____% deduction for contribution to Swachh Bharat, Clean Ganga projects were announced in Budget 2015? - 100%
3. Which tax was abolished in Budget 2015? - Wealth Tax
4. Additional ____ % surcharge for the super rich with income of over Rs. 1 crore were announced in Budget 2015? - 2%
5. Tax slabs were not changed in Union Budget 2015-16. True or False? - True
6. Service tax was increased to ____ per cent in Budget 2015-16? - 14%
7. Rs. _____ crore were announced in Budget 2015 for Rural Infrastructure Development Bank? - 25,000
8.  ______ Mission to be established to draw on expertise of entrepreneurs, and researchers to foster scientific innovations? - Atal Innovation Mission
9. AIIMS were announced in which states in Budget 2015-16? - Jammu and Kashmir, Punjab, Tamil Nadu, Himachal Pradesh, Bihar and Assam.
10. Which is the only state to get IIT as per Budget proposal 2015-16? - Karnataka
11. Indian School of Mines in which place is proposed to be upgraded to IIT? - Dhanbad
12. PG institute of Horticulture was announced in which city? - Amritsar
13. University of Disability Studies was announced for which state? - Kerala
14. Centre of film production, animation and gaming to come up in ? - Arunachal Pradesh
15. IIM were announced in which state? - Jammu and Kashmir and Andhra Pradesh

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