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Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs

How much is allocated for drug de-addiction measures, which is provided to the National Drug Dependence Treatment Centre (NDDTC) for the year 2019-20?

A. Rs. 101 Cr
B. Rs. 120 Cr
C. Rs. 135 Cr
D. Rs. 150 Cr

Answer: Option C


Social Justice and Empowerment Minister Thawar Chand Gehlot informed that the budget for drug de-addiction measures was increased to Rs 135 crore from Rs 33 crore in 2014. It is provided to the National Drug Dependence Treatment Centre (NDDTC) for the year 2019-20.The punishment to drug peddlers include imprisonment of 6 months to 15 years and imposition of fines.The Government has prepared a National Action Plan for Drug Demand Reduction (NAPDDR) for the period 2018-2025 in which the ministry will undertake focused intervention programmes in 127 high-risk districts.


The Union Budget 2019 targets what amount through the disinvestment of CPSEs including Air India?

A. Rs 90,000 crore
B. Rs 1,05,000 crore
C. Rs 1,50,000 crore
D. Rs 1,95,000 crore

Answer: Option B


Budget 2019-20 targets Rs 1,05,000 crore through the disinvestment receipts of the FY 2019-20. Government will re-initiate the process of strategic disinvestment of Air India, and other CPSEs for strategic participation by the private sector.


The Budget 2019 reduces tax rate for companies having annual turnover up to Rs 400 crore. It is upto;

A. 10%
B. 12%
C. 18%
D. 25%

Answer: Option D


The budget 2019 reduces Tax rate to 25% for companies with annual turnover up to Rs. 400 crore. The move will benefit over 99 percent Indian Companies.


What is the size of the budget in the year 2019-2020?

A. 25 lakh crore
B. 27 lakh crore
C. 27.86 lakh crore
D. 28 lakh crore

Answer: Option C


The size of 2019-2020 budget, is 13.21% of GDP.


How much amount is allocated in the Union Budget 2019 to boost credit in Public Sector Banks?

A. Rs 20,000 crore
B. Rs 50,000 crore
C. Rs 70,000 crore
D. Rs 90,000 crore

Answer: Option C


Union Budget 2019 proposes the provision of Rs. 70,000 crore to Public Sector Banks to boost credit. The banks have been tasked to leverage technology, offer online personal loans and doorstep banking, and enable customers of one PSB to access services across all PSBs.

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