02-02-2023 MCQs Test English

1. Consider the following statements with respect to Budget.

1. The recent budget reduced the surcharge for individuals with income above ₹2 crore.
2. The budget is prepared by the Budget Division Department of Economic Affairs of the Ministry of Finance annually.
3. The first budget of India was submitted on 18 February 1860 by James Wilson.

Choose the correct answer.

2. Consider the following statements with respect to Pradhan Mantri Awas Yojana(PMAY).

1. PMAY – Rural is implemented by Ministry of Rural Development.
2. PMAY-Urban is under the administrative control of Ministry of Housing and Urban Affairs.

Choose the correct answer.

3. Which of the following are components under PMAY-Urban.

1. In-Situ Slum Redevelopment
2. Credit Linked Subsidy Scheme
3. Beneficiary led construction

Choose the correct answer.

4. Consider the following statements with respect to Vehicle Scrappage policy 2021.

1. The policy supports India’s ‘Green India’ mission.
2. According to the new policy, commercial vehicles aged >15 years and passenger vehicles aged >20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests.
3. As an incentive Manufacturers can give up to 5% discount for buying new vehicles under the policy.

Choose the correct answer.

5. Consider the following statements with respect to Urban Infrastructure Development Fund (UIDF).

1. It will be managed by the National Housing Bank.
2. The Centre will allocate ₹10,000 crore per year for the fund.
3. The fund will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities.

Choose the correct answer.