Quiz on Aatma Nirbhar Bharat Package

Quiz on Aatma Nirbhar Bharat Package (30 Question)

Government of India has announced the Aatma Nirbhar Bharat Package for uplifting the economy of India that has been hampered due to COVID-19. ByScoop has made a quiz on this economic package for students and this quiz is important for bank and insurance exams that will be held in near future when the situation becomes normal.

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Quiz on Aatma Nirbhar Bharat Package

  1. What is the name of the economic package launched by the central government to counter the effect of lockdown in view of COVID-19?
    A) COVID-19 Package

    B) Aatma Nirbhar Bharat Package
    C) Aarthik Nirbharta Package
    D) Aarthik Package
    View answer
      Option B
    Explanation: Aatma Nirbhar Bharat Package
  2. What is the total outlay of economic package launched by central government to counter the effect of lockdown in view of COVID-19?
    A) Rs 20,97,053 Crore

    B) Rs 20,87,153 Crore
    C) Rs 20,97,153 Crore
    D) Rs 20,87,053 Crore
    View answer
      Option A
    Explanation: Rs 20,97,053 Crore
  3. What is the turnover requirement for classification as Medium industry in MSME?
    A) < Rs 5 crore

    B) < Rs 10 crore
    C) < Rs 50 crore
    D) < Rs 100 crore
    View answer
    Option D
    Explanation: Medium- Investment< Rs 20 crore and Turnover < Rs 100 crore
  4. What is the definition of Small industry under MSME?
    A) Investment < Rs 5 crore and Turnover < Rs 50 crore

    B) Investment < Rs 10 crore and Turnover < Rs 50 crore
    C) Investment < Rs 10 crore and Turnover < Rs 100 crore
    D) Investment < Rs 1 crore and Turnover < Rs 5 crore
    View answer
    Option B
    Explanation: Small- Investment < Rs 10 crore and Turnover < Rs 50 crore
  5. What is the definition of Micro industry under MSME?
    A) Investment < Rs 1 crore and Turnover < Rs 10 crore

    B) Investment < Rs 5 crore and Turnover < Rs 15 crore
    C) Investment < Rs 1 crore and Turnover < Rs 5 crore
    D) Investment < Rs 5 crore and Turnover < Rs 10 crore
    View answer
    Option C
    Explanation: Micro- Investment < Rs 1 crore and Turnover < Rs 5 crore
  6. The Aatma Nirbhar Bharat Package is approximately equal to what percent of India’s GDP?
    A) 5%

    B) 2%
    C) 10%
    D) 8%
    View answer
    Option C
    Explanation: equivalent to 10% of India’s GDP
  7. What percent of entire outstanding credit will the Businesses/MSME get from banks/NBFCs as Emergency Credit Line under the Aatma Nirbhar Bharat Package?
    A) 10%

    B) 20%
    C) 30%
    D) 40%
    View answer
    Option B
    Explanation: Borrowers with up to Rs. 25 crore outstanding and Rs. 100 crore turnover eligible will get Emergency Credit Line to Businesses/MSMEs from Banks and NBFCs up to 20% of entire outstanding credit as on 29.2.2020
  8. What is the corpus of Fund of Funds to be setup for MSME?
    A) Rs 10,000 crore

    B) Rs 20,000 crore
    C) Rs 50,000 crore
    D) Rs 75,000 crore
    View answer
    Option A
    Explanation: Govt will set up a Fund of Funds with a corpus of Rs 10,000 crore that will provide equity funding support for MSMEs.
  9. What is the extended date for filing of Income Tax return for Assessment Year 2020-21?
    A) 31 December 2020

    B) 31 July 2020
    C) 30 November 2020
    D) 31 October 2020
    View answer
    Option C
    Explanation: The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November 2020.
  10. Global tenders will be disallowed in Government procurement tenders upto Rs _____ crores.
    A) 10

    B) 100
    C) 150
    D) 200
    View answer
    Option D
    Explanation: Global tenders will be disallowed in Government procurement tenders upto Rs 200 crores
  11. The TDS rates for all non-salaried payments to residents, and tax collected at source rate will be reduced by what percent?
    A) 20%

    B) 25%
    C) 30%
    D) 35%
    View answer
    Option B
    Explanation: The TDS rates for all non-salaried payments to residents, and tax collected at source rate will be reduced by 25 percent of the specified rates for the remaining period of FY 20-21.
  12. The period of Vivad se Vishwas Scheme for making payment without additional amount has been extended upto?
    A) 31 December 2020

    B) 30 November 2020
    C) 31 October 2020
    D) 30 September 2020
    View answer
    Option A
    Explanation: Period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December,2020
  13. The government aims to implement “One Nation One Ration Card” by?
    A) December 31, 2020

    B) January 31, 2020
    C) March 31, 2021
    D) April 30, 2021
    View answer
    Option C
    Explanation: 100% National portability will be achieved by March, 2021
  14. What percent of interest subvention is being provided to Shishu MUDRA loanees?
    A) 1%

    B) 2%
    C) 3%
    D) 2.5%
    View answer
    Option B
    Explanation: 2% Interest Subvention for 12 months for Shishu MUDRA loanees- Relief of Rs. 1,500 crore
  15. What is the outlay of CAMPA funds announced in the Aatma Nirbhar Bharat Package?
    A) Rs 4000 crore

    B) Rs 8000 crore
    C) Rs 5000 crore
    D) Rs 6000 crore
    View answer
    Option D
    Explanation: Rs 6000 crore
  16. What is the outlay of the scheme to be launched for the Formalisation of Micro Food Enterprises (MFE)?
    A) Rs 1,000 crore

    B) Rs 10,000 crore
    C) Rs 1,00,000 crore
    D) Rs 50,000 crore
    View answer
    Option B
    Explanation: Rs 10,000 crores scheme for Formalisation of Micro Food Enterprises (MFE)
  17. The PMMSY has been launched for?
    A) farmers

    B) fisherman
    C) MSME
    D) Banking sector
    View answer
    Option B
    Explanation: Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  18. What is the outlay of PMMSY?
    A) Rs 9,000 crore

    B) Rs 11,000 crore
    C) Rs 20,000 crore
    D) Rs 25,000 crore
    View answer
    Option C
    Explanation: Rs 20,000 crores for Fishermen through Pradhan Mantri Matsya Sampada Yojana (PMMSY)
  19. What is the outlay of National Animal Disease Control Programme for Foot and Mouth Disease (FMD) and Brucellosis?
    A) Rs. 14,434 crore

    B) Rs. 13,434 crore
    C) Rs. 14,343 crore
    D) Rs. 13,343 crore
    View answer
    Option D
    Explanation: Rs. 13,343 crore
  20. What is the size of Animal Husbandry Infrastructure Development Fund?
    A) Rs. 15,000 crore

    B) Rs. 20,000 crore
    C) Rs. 25,000 crore
    D) Rs. 30,000 crore
    View answer
    Option A
    Explanation: An Animal Husbandry Infrastructure Development Fund of Rs. 15,000 crore will be set up.
  21. What amount has been set aside for the Beekeeping initiatives under the Aatma Nirbhar Bharat Package?
    A) Rs 100 crore

    B) Rs 250 crore
    C) Rs 500 crore
    D) Rs 750 crore
    View answer
    Option C
    Explanation: Rs 500 crore
  22. What is the outlay of the “From ‘TOP’ to TOTAL” scheme?
    A) Rs 100 crore

    B) Rs 500 crore
    C) Rs 1,000 crore
    D) Rs 5,000 crore
    View answer
    Option B
    Explanation: Rs 500 crore
  23. What is the FDI limit in the defence manufacturing under automatic route has been raised to?
    A) 49%

    B) 51%
    C) 25%
    D) 74%
    View answer
    Option D
    Explanation: FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74%
  24. What additional amount will the government allocate to MGNREGS?
    A) Rs 50,000 crore

    B) Rs 10,000 crore
    C) Rs 40,000 crore
    D) Rs 25,000 crore
    View answer
    Option C
    Explanation: Rs 40,000 crore
  25. What is the name of programme launched by government for multi-mode access to digital/online education?
    A) PM eVIDYA

    B) Manodarpan
    C) PM Vidya
    D) eManidarpan
    View answer
    Option A
    Explanation: PM eVIDYA– A programme for multi-mode access to digital/online education to be launched immediately
  26. The Minimum threshold to initiate insolvency proceedings (related to IBC) has been raised to?
    A) Rs 50 lakh

    B) Rs 1 crore
    C) Rs 25 lakh
    D) Rs 2 crore
    View answer
    Option B
    Explanation: Minimum threshold to initiate insolvency proceedings raised to Rs. 1 crore (from Rs. 1 lakh, which largely insulates MSMEs).
  27. What is the borrowing limits of States for 2020-21?
    A) 3%

    B) 4%
    C) 5%
    D) 6%
    View answer
    Option C
    Explanation: increase borrowing limits of States from 3% to 5%, for 2020-21 only.
  28. What is the insurance cover per health worker under the Pradhan Mantri Garib Kalyan Package?
    A) Rs 10 lakh

    B) Rs 5 lakh
    C) Rs 50 lakh
    D) Rs 25 lakh
    View answer
    Option C
    Explanation: Insurance cover of Rs 50 Lakh per health worker.
  29. What amount will women Jan Dhan account holders get per month for 3 months under the Pradhan Mantri Garib Kalyan Package?
    A) Rs 500

    B) Rs 1000
    C) Rs 100
    D) Rs 750
    View answer
    Option A
    Explanation: Per month Rs 500 for 3 months
  30. What amount of Ex-gratia will be given to 3 crore poor senior citizen, poor widows and poor Divyang.
    A) Rs 500

    B) Rs 1000
    C) Rs 750
    D) Rs 1500
    View answer
    Option B
    Explanation: Ex-gratia of Rs 1,000 to 3 crore poor senior citizen, poor widows and poor Divyang.

Tags: MCQ on COVID-19 economic package, Quiz on Aatma Nirbhar Bharat Package, Quiz on economic package of COVID-19

4 thoughts on “Quiz on Aatma Nirbhar Bharat Package (30 Question)”

  1. Doctor pankaj sharma

    Thanks for quiz Dr pankaj sharma assistant professor in botany SGC sarswati Devi mahilamahavidyala tikuliha Nichol maharajgang lecturer in ksnp sant Kabir Nagar 272175up India

  2. Dr.pankaj Sharma

    Thanks for quiz again Dr pankaj sharma assistant professor in botany SGC sarswati Devi mahilamahavidyala tikuliha Nichol maharajgang lecturer in ksnp sant Kabir Nagar 272175

  3. Dr.pankaj Sharma

    I like this quiz Dr pankaj sharma assistant professor in botany SGC sarswati Devi mahilamahavidyala tikuliha Nichol maharajgang lecturer in ksnp sant Kabir Nagar

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