3, 4 February 2020 Current Affairs MCQs, Quiz, Questions: Current Affairs for February 2020, Daily Multiple Choice Questions (MCQs) for India GK, World GK and current affairs with Collection of daily objective type Question by www.Indiagk.net based on General Knowledge (GK) and General Science (GS) Questions for UPSC, State PSC, SSC, Police exam, Railway exam, SBI, Bank PO, IBPC, SSC, LDC, UDC, Army, Airforce, Navy, Coast Guard, Bank Clerk, TET and all entrance examination with current affairs News, Multiple Choice Questions (MCQs) available on Website www.IndiaGK.net and Android Apps with daily updates:.
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Current Affairs Questions on 3, 4 February 2020:
How much percentage is the Fiscal deficit target of the GDP in 2020-21?
A. 3.0%
B. 3.9%
C. 3.2%
D. 3.5%
Answer: D
Explanation: Finance minister Nirmala Sitharaman in her Budget 2020 speech proposed reducing fiscal deficit by 30 basis points to 3.5% of GDP in 2020-21. Sitharaman invoked the escape clause to take a 50 basis points leeway in the fiscal deficit number for 2019-20, taking the revised estimate to 3.8% of the GDP. Moody's Investors Service said the Indian government will face challenges in achieving its fiscal deficit target for the year ending March 2021 amid persistent structural and cyclical headwinds to growth.
How much Budget has been allocated for agriculture and rural development?
A. 2 lakh crore
B. 4 lakh crore
C. 2.83 lakh crore
D. 5 lakh crore
Answer: C
Explanation: Finance Minister Nirmala Sitaraman presented the Budget 2020-21 on February 1, 2020. The Minister has allocated Rs 2.83 lakh crore rupees for the agriculture and rural development sector. The Government aims to liberalize farm markets, remove distortions in livestock and farm markets and increase agricultural investments. It also focuses to increase purchase of farm produce and related services. The Budget presents 16 action points in its budget to achieve the above aims in AGRICULTURE SECTOR.
Which ministry will launch Krishi UDAAN Yojana?
A. Ministry of agriculture
B. Ministry of corporate affairs
C. Ministry of civil aviation
D. Ministry of environment forest and climate change
Answer: C
Explanation: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020-21 has announced to start Krishi Udan Yojana. This Krishi Udaan Scheme will assist farmers in transportation of their agricultural products. The main objective is to give farmers wings by improving their value realization. The central govt. has also announced to launch PM Modi One District One Product Scheme 2020. Central government is focusing on modernization of agriculture and farm produce and to realist the vision of Doubling Farmers Income By 2022. Krishi Udan Yojana is a part of the 16 point action plan for farmers. Ministry of Civil Aviation will launch this Krishi Udaan Scheme on international and national routes. This scheme is a part of the Udey Desh Ka Aam Nagrik (UDAN) Yojana which was launched in FY 2016 as regional connectivity scheme. One District One Product Scheme will follow the similar lines of ODOP Scheme in UP.
When will the Income of Farmers be expected to get doubled?
A. 2020
B. 2025
C. 2040
D. 2022
Answer: D
Explanation: Central government is focusing on modernization of agriculture and farm produce and to realist the vision of Doubling Farmers Income By 2022. Krishi Udan Yojana is a part of the 16 point action plan for farmers..........Check More at INDIA GK" App: tinyurl.com/IndiaGK
A. 3.0%
B. 3.9%
C. 3.2%
D. 3.5%
Answer: D
Explanation: Finance minister Nirmala Sitharaman in her Budget 2020 speech proposed reducing fiscal deficit by 30 basis points to 3.5% of GDP in 2020-21. Sitharaman invoked the escape clause to take a 50 basis points leeway in the fiscal deficit number for 2019-20, taking the revised estimate to 3.8% of the GDP. Moody's Investors Service said the Indian government will face challenges in achieving its fiscal deficit target for the year ending March 2021 amid persistent structural and cyclical headwinds to growth.
How much Budget has been allocated for agriculture and rural development?
A. 2 lakh crore
B. 4 lakh crore
C. 2.83 lakh crore
D. 5 lakh crore
Answer: C
Explanation: Finance Minister Nirmala Sitaraman presented the Budget 2020-21 on February 1, 2020. The Minister has allocated Rs 2.83 lakh crore rupees for the agriculture and rural development sector. The Government aims to liberalize farm markets, remove distortions in livestock and farm markets and increase agricultural investments. It also focuses to increase purchase of farm produce and related services. The Budget presents 16 action points in its budget to achieve the above aims in AGRICULTURE SECTOR.
Which ministry will launch Krishi UDAAN Yojana?
A. Ministry of agriculture
B. Ministry of corporate affairs
C. Ministry of civil aviation
D. Ministry of environment forest and climate change
Answer: C
Explanation: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020-21 has announced to start Krishi Udan Yojana. This Krishi Udaan Scheme will assist farmers in transportation of their agricultural products. The main objective is to give farmers wings by improving their value realization. The central govt. has also announced to launch PM Modi One District One Product Scheme 2020. Central government is focusing on modernization of agriculture and farm produce and to realist the vision of Doubling Farmers Income By 2022. Krishi Udan Yojana is a part of the 16 point action plan for farmers. Ministry of Civil Aviation will launch this Krishi Udaan Scheme on international and national routes. This scheme is a part of the Udey Desh Ka Aam Nagrik (UDAN) Yojana which was launched in FY 2016 as regional connectivity scheme. One District One Product Scheme will follow the similar lines of ODOP Scheme in UP.
When will the Income of Farmers be expected to get doubled?
A. 2020
B. 2025
C. 2040
D. 2022
Answer: D
Explanation: Central government is focusing on modernization of agriculture and farm produce and to realist the vision of Doubling Farmers Income By 2022. Krishi Udan Yojana is a part of the 16 point action plan for farmers..........Check More at INDIA GK" App: tinyurl.com/IndiaGK
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