Expected Questions from Economic Survey and Railway Budget 2014-15 for Upcoming Competitive Exams

Expected Questions from Railway Budget and Economic Survey 

Hi Friends, Today we posting Expected Questions from Union Budget. We Prepared these 15 MCQ's from Railway Budget and Economic Survey. We hope this Post Helps you in coming Competitive Exams. All the Best....

1) Which of the following is/are the Thrust Areas of Indian Railways as explicitly mentioned by the Railway Budget 2014-15 ?

1. Safety and Project Delivery
2. Passenger Amenities/Services with focus on food services & on cleanliness
3. Financial Discipline and Resource Mobilization
4. Increasing the reach and services of Indian Railways

2) The Railway Budget 2014-15 mentioned "Decade of Golden Dilemma" What does it mean ?

1. Dilemma of choosing between commercial and social viability
2. Dilemma of reaching remote locations at minimum cost
3. Dilemma of keeping rail fares and increasing services
4. Dilemma of running passenger trains at the cost of losses

3) Which of the following features of Indian Railways has/have not been highlighted by the Railway Budget 2014-15 ?

1. Share of Railways in freight traffic has been coming down consistently
2. The adopted Traffic policy lacks rational approach
3. Railways is expected to earn like a welfare enterprise but serve like a commercial organization
4. Surplus revenues have been declining

4) As mentioned by the Railway Budget 2014-15, recent fare and tariff hike will mop additional revenue of about

1. Rs. 5750 crore
2. Rs. 8,000 crore
3. Rs. 12,000 crore
4. More than Rs. 20,000 crore

5) Which of the following Course Correction and Initiatives have not been mentioned by the Railway Budget 2014-15?

1. Alternate resource mobilization need to be explored as enlisted
2. Aggressive indigenization of export products
3. Decision Support system for project implementation
4. Strategic partnerships and transparency in procurements

6) According to the Economic Survey 2013-14, tabled by Finance Minister Arun Jaitley in Parliament of 09-July-2014, reforms are needed for long term-growth prospects on 

1. Low and stable inflation regime
2. Tax and expenditure reform
3. Regulatory framework
4. All of the Above

7) The Economic Survey 2013-14 projects the Indian economy to grow in the range of ________in 2014-15.

1. 4.1 - 4.6 percent
2. 4.8 - 5.3 percent
3. 5.4 - 5.9 percent
4. 5.7 - 6.1 percent

8) The Economic Survey 2014-14 explicitly says that the fiscal outcome of the central government in 2013-14 was achieved despite the 'macroeconomic challenges' What were those challenges ?

1. Growth slowdown
2. Elevate levels of global crude oil prices
3. Slow growth of investment 
4. All of the above

9) According to the Economic Survey 2013-14, the New Pension System (NPS), now National Pension system represents a major reforms of Indian pension arrangements. It was introduced for the new recruits who join government services on or after

1. March 2002
2. January 2004
3. April 2006
4. October 2009

10) According to the, what was/ were the main reasons behind sharp fall in India's trade deficit by 27.8 percent in 2013-14 ?

1. Sharp fall in imports and moderate export growth
2. Sharp increase in imports and drastic fall in exports growth
3. Moderate fall in imports and sharp export growth
4. Moderate increase in imports and moderate exports growth

11) For exploration of alternate resource mobilization, which of the following measures has/have been enlisted by the Railway Budget 2014-15 ?

1. Leveraging Railway PSU Resources by bringing in their investible surplus funds in infrastructure projects of Railways
2. Domestic investments and FDI in rail infrastructure 
3. Pursuing Public Private Partnership 
4. All the above

12) The Railway Budget 2014-15 announced a substantial increase of what percent in budget allocation for cleanliness ?

1. 28 percent
2. 33 percent
3. 40 percent
4. 50 percent

13) Which of the following measures for improving Safety & Security was/were announced by the Railway Budget 2014-15 ?

1. Provision of Rs. 1,785 crore for Road-under-bridges
2. 4000 women RPF constables will be recruited in addition to 7000 RPF constables
3. Building boundary walls around stations through PPP route will be explored
4. All the above

14) The Railway Budget 2014-15 announced Special Tain featuring life and work of 

1. Swami Dayananda Saraswati
2. Swami Vivekananda
3. Swami RamaKrishna Paramahansa
4. Swami Aurobindo

15) The Railway Budget 2014-15 announced the setting up of 'Diamond Quadrilateral Network' of High Speed Rail to connect

1. Major metros and growth centres of the country
2. All the major ports if the country
3. All the SEZs of the country
4. All the above

Important Links:

• Expected Questions from Union/Government Budget 2014
• Current Affairs of July 2014
• Computer Knowledge Mock Exam