Budget 2024 Current Affairs: These 10 questions on budget can be asked in any exam, see today’s current affairs quiz

Tax on income between Rs 3 lakh and Rs 7 lakh

1. How much tax has the government announced to impose on income of Rs 3 to 7 lakh in the new tax regime?
A.3 percent
B.5 percent
7 percent
D.9 percent
Answer – 5 percent

2. Custom duty on gold has been reduced to what percentage?
A.5 percent
B.6 percent
7 percent
D. 8 percent
Answer – 6 percent

Tax reduced on e-commerce companies

3. The tax rate on e-commerce companies has been reduced to what percentage?
A. 0.1 percent
B.0.3 percent
C. 0.5 percent
D. 0.7 percent
Answer – 0.1 percent

4. What is the percentage of fiscal deficit estimated to be in the financial year 2024-25?
A.5.1 percent
B.4.9 percent
4.7 percent
D. 4.5 percent
Answer – 4.9 percent

Agriculture Sector in Budget 2024-25

5. How much amount has been allocated for agriculture and related sectors in Budget 2024-25?

A. Rs 1.42 lakh crore
B.Rs 1.52 lakh crore
C.Rs.1.62 lakh crore
D.Rs 1.72 lakh crore
Answer – 1.52 lakh crore

6. In the new tax regime, the limit of standard deduction has been increased from Rs 50 thousand to how much?
A.Rs 75,000
B.Rs.65,000
C.Rs.80,000
D. Rs 1 lakh
Answer – Rs 75,000

Budget and Income Tax Act

7. In how many months does the government plan to complete a comprehensive review of the Income Tax Act, 1961?
A. 1 year
B.8 months
C.6 months
D. 4 months
Answer – 6 months

8. How much capital expenditure has been scheduled in the financial year 2024-25?
A. Rs 11.11 lakh crore
B.Rs 11.13 lakh crore
C.Rs 11.15 lakh crore
D.Rs 11.18 lakh crore
Answer – Rs 11.11 lakh crore

Financial assistance to Bihar and Andhra Pradesh

9. Financial assistance of how many crore rupees has been set for irrigation and flood prevention projects in Bihar.
A. Rs 11,900 crore
B.Rs 12,000 crore
C.Rs 11,500 crore
D.Rs 11,200 crore
Answer – Rs 11,500 crore

10. How much special financial assistance has been given to the state of Andhra Pradesh?
A. 15 thousand crore rupees
B. 18 thousand crore rupees
C. 20 thousand crore rupees
D. 23 thousand crore rupees
Answer – 15 thousand crore rupees