2. Points to be covered… Agriculture Industries and MSMEs Social welfare
Taxation
Financials
Disinvestment
Fiscal Deficit
Issues
Questions

3. Agriculture PM Kisan Samman Nidhi
2% interest rate subvention for rescheduled crop loans, in case of natural calamity
2% Interest subvention for farmers pursuing activities of animal husbandry and fisheries
Rashtriya Kamadhenu Aayog

4. Industries and MSMEs MSME Artificial Intelligence
2% interest subvention
Public Procurement Norm increased to 25%
All the CPSEs to be on GeM
Artificial Intelligence
DIPP to be renamed as Department for Promotion of Industries and Internal Trade

5. Social Welfare Pradhan Mantri Shramayogi Maandhan
1 lakh villages to be made digital villages in next five years
22nd AIIMS to be set up in Haryana
UJJWALA Yojana

6. Tax changes
Tax rebate for individual whose taxable income is up to ₹ 5 lakh
Standard deduction increased to ₹ per year
TDS threshold on interest earned on bank/post office increased to ₹ 40000
Rollover capital gains expanded from one house to 2nd house
TDS threshold on rent to be raised to ₹ 2.4 lakh from ₹ 1.8 lakh per annum
Verification and assessment of IT returns

7. Financials Disinvestment target of ₹ 90000 Cr for FY20
Fiscal Deficit revised to 3.4%
Borrowings for FY20 has been set at ₹ 7.6 lakh Cr
Tax buoyancy for direct taxes fallen to 1.3
Majority of the debt is internal debt

8. Other announcements
Rs 76800 Cr allocated for welfare of SCs/STs for FY20
Rs 7 lakh Cr allocated for food subsidy
Rs 60000 Cr under MGNREG Scheme
Single window clearance for filmmaking for the Indian filmmakers
Provision under Cinematography Act to combat piracy

9. Issues/Concerns Revision in Fiscal Deficit Farm labourers neglected
Defense allocation is lesser once accounted for depreciation
Tax go GDP ratio
Source of receipts?
No provisions for recapitalisation

12. Question 1
Which of the following authority has been proposed in the Interim budget in order to enhance production and productivity of cows
Rashtriya Gokul Aayog
Rashtriya Kamadhenu Aayog
National Commission on Cattle
None of the above

13. Question 2
Consider the following statements about GeM (Government e-Marketplace)
GeM was launched in 2016
Through this portal raw materials can be sourced only by the central government and not by the state government
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

14. Question 3 Consider the following statements
Pakyong airport is Sikkim’s first airport
It is covered under UDAN Scheme
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

15. Question 4
In recent times the term ‘glide path’ appearing in the newspaper refers to
Minimum Support Price
FDI in e-Commerce
5G Technology
Fiscal Deficit

16. Question 5 Consider the following statements
As per the interim budget, the FD of 3% will be achieved in FY21
For the FY19, the FD has been revised to 3.3%
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

17. Question 6 Consider the following statements
Stamp duty as a subject is present in a central list
Stamp duty is payable under Section 3 of the Indian Stamp Act, 1899
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

18. Question 7 Consider the following statements about PM-KISAN
Under this income support of ₹ 5000 per farmer is given each year
All the farmers will be covered under the scheme
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

19. Question 8 Consider the following statements
The taxable income up to ₹ 5 lakh has been exempted in the recently concluded budget
The disinvestment target for FY20 is ₹ 1 lakh Cr
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

20. Question 9 Consider the following statements
The tax buoyancy is ratio of growth rate of direct taxes by indirect taxes
The tax buoyancy of the direct taxes for the present fiscal has fallen to 1.3 as per the BE
Choose the correct option
Only 1 is true
Only 2 is true
Both are true
Both are false

21. Question 10
Arrange the following sources of central government receipts in decreasing order of their contribution
Income tax
Union Excise
Customs
GST
Choose the correct option