Government Schemes, Budget, Banking Updates - One Line Questions

1. The 'National Rural Employment Guarantee Act' (NREGA), now MGNREGA, guarantees: — 100 days of wage employment in a financial year
2. What is the minimum age requirement to be eligible for the 'Pradhan Mantri Jeevan Jyoti Bima Yojana' (PMJJBY)? — 18 years
3. The 'National Broadband Mission' aims to connect all villages with broadband internet by which year? — 2024
4. What is the maximum age limit for availing benefits under the 'Atal Pension Yojana' (APY)? — 40 years
5. Which banking update introduced the concept of 'Small Finance Banks' in India? — Guidelines for Licensing of Small Finance Banks
6. Which banking reform introduced the concept of 'Universal Basic Income' in pilot projects? — Various government pilot schemes
7. The 'Make in India' initiative was launched to encourage: — Domestic manufacturing and job creation
8. The 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) offers which of the following benefits? — Accident insurance cover
9. The 'Ujjwala Yojana' is associated with providing: — Subsidized LPG connections to women
10. What does the 'Fiscal Responsibility and Budget Management' (FRBM) Act aim to achieve? — Reduce the fiscal deficit and improve government debt management
11. The 'e-NAM' platform aims to create a unified national market for: — Agricultural commodities
12. Which banking reform allowed Non-Banking Financial Companies (NBFCs) to offer services similar to banks? — Revised Guidelines for NBFCs
13. Which banking development significantly boosted digital payments in India? — Launch of Unified Payments Interface (UPI)
14. Which of the following is a key feature of the 'Goods and Services Tax' (GST) introduced in India? — It is a single indirect tax on the supply of goods and services
15. Which scheme provides financial support to pregnant women and lactating mothers for nutrition? — Pradhan Mantri Matru Vandana Yojana (PMMVY)
16. The 'Pradhan Mantri Suraksha Bima Yojana' (PMSBY) provides: — Accident insurance cover
17. Which scheme aims to provide financial assistance to women for starting small businesses? — Pradhan Mantri Mudra Yojana (PMMY)
18. Which Union Ministry launched the 'PM-KISAN' scheme? — Ministry of Agriculture & Farmers Welfare
19. Which Union Ministry is responsible for the implementation of the 'PM-WANI' scheme? — Ministry of Communications
20. The 'National Skill Development Corporation' (NSDC) primarily works under which Ministry? — Ministry of Skill Development and Entrepreneurship
21. Which scheme provides financial assistance to citizens for purchasing electric vehicles? — Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME)
22. The 'National Health Mission' (NHM) encompasses which of the following sub-missions? — National Rural Health Mission and National Urban Health Mission
23. What is the tenure of a Union Budget? — One year
24. The 'National Mission for Clean Ganga' (NMCG) focuses on: — Pollution abatement of river Ganga
25. Which scheme provides insurance cover against crop failure for farmers? — Pradhan Mantri Fasal Bima Yojana (PMFBY)
26. What is the primary focus of the 'National Mission for Sustainable Agriculture' (NMSA)? — Improving soil health and water use efficiency
27. What is the primary objective of the 'Ayushman Bharat' scheme? — Ensuring access to quality healthcare services
28. Which banking update led to the introduction of 'Payment Banks' in India? — RBI's Guidelines for Licensing of Payment Banks
29. What is the role of the 'National Bank for Agriculture and Rural Development' (NABARD)? — Providing refinance and financial support to agriculture and rural development sectors
30. Which of the following is NOT a component of the Union Budget? — Private Sector Investment
31. Which of the following is a key component of the Union Budget's 'Capital Expenditure'? — Expenditure on infrastructure development
32. The 'Swachh Bharat Abhiyan' aimed to improve: — Sanitation and cleanliness
33. The 'National Pension System' (NPS) is regulated by which body? — PFRDA (Pension Fund Regulatory and Development Authority)
34. The 'One Nation, One Ration Card' scheme aims to: — Allow beneficiaries to purchase food grains from any fair price shop in the country
35. Which scheme aims to provide affordable housing for all? — Pradhan Mantri Awas Yojana (Urban and Rural)
36. In the context of the Union Budget, what does 'Fiscal Deficit' represent? — The difference between government revenue and expenditure
37. In the Union Budget, 'Revenue Deficit' refers to: — The difference between total government expenditure and total government receipts, excluding borrowings
38. Which of the following is a key objective of the Reserve Bank of India's 'Financial Inclusion' initiatives? — To ensure access to financial services at affordable costs
39. What is the primary goal of the 'Digital India' program? — To transform India into a digitally empowered society and knowledge economy
40. What is the objective of the 'Operation Greens' scheme? — To provide price stability for tomato, onion, and potato (TOP) crops
41. What is the main goal of the 'PM GatiShakti' National Master Plan? — To create multi-modal connectivity and reduce logistics costs
42. What is the primary aim of the 'Startup India' initiative? — To foster entrepreneurship and support startups
43. What is the main objective of the 'Pradhan Mantri Gram Sadak Yojana' (PMGSY)? — To connect rural habitations with all-weather roads
44. What is the main purpose of the 'Pradhan Mantri Vaya Vandana Yojana' (PMVVY)? — To offer pension benefits to senior citizens
45. What is the purpose of the 'e-Shram' portal? — To register unorganized sector workers
46. What is the primary objective of the 'National Health Authority' (NHA)? — To implement and manage the Ayushman Bharat scheme
47. What is the primary function of the 'Deposits Insurance and Credit Guarantee Corporation' (DICGC)? — To insure deposits held in banks and provide credit guarantees
48. The 'Global Housing Technology Challenge India' (GHTCI) was launched to promote: — Innovative and sustainable construction technologies
49. Which banking development allows customers to perform transactions using their Aadhaar number and biometric authentication? — Aadhaar Enabled Payment System (AePS)
50. The 'Jan Dhan Yojana' primarily aims to achieve which of the following? — Universal access to banking facilities
All One Line Questions
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