English Questions Based On Budget 2021-22 For Govt. Exams 2021

Dear aspirants,

Finance minister Nirmala Sitharaman presented the Union Budget for 2021-22 today. Today’s Quiz is based on the Budget and it includes the latest Pattern Questions asked in Various exams last year.

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Directions (1-10): In the following passage, there are some blanks to be filled by appropriate word from the given options. Choose the correct word and mark it as your answer.

Finance Minister Nirmala Sitharaman has presented the Union Budget 2021-22 in Parliament. In ______________ (1) changes to the taxation process, Sitharaman announced the ___________ (2) of income tax for senior citizens under certain conditions, new rules for removal of double taxation for NRIs, and a reduction in the time period of tax assessments among other measures. Start-ups will get an extension in their tax holiday for an ____________ (3) year. Sitharaman also announced that the advance tax liability on dividend income shall arise after ____________ (4) of payment of dividend.
Sitharaman, in her speech till now has announced a ________ (5) to the textile industry, a central university in Leh, a focus on sea-weed farming with a new facility in Tamil Nadu and a new vehicle scrapping policy that aims to provide the auto sector a _________ (6) among other announcements. Sitharaman also announced that an additional 1 crore families will now benefit under the Centre’s Ujjwala scheme. Four poll-bound states will see significant spending on its highways.
After an _____________ (7) 7.7 per cent contraction in 2020-21, the Finance Ministry’s Economic Survey projects that India’s real GDP would ________ (8) a growth of 11 per cent in 2021-22.
This would be Sitharaman’s third budget under the National Democratic Alliance (NDA) government ___________ (9) by Prime Minister Narendra Modi. In a significant departure from the tradition, this year’s Budget will be _________ (10) as it will be paperless.

Q1. Select the most appropriate option for blank no. 1
(a) Historic
(b) Strategic
(c) Essential
(d) Significant

Q2. Select the most appropriate option for blank no. 2
(a) Consenting
(b) Assenting
(c) Scrapping
(d) Clearing

Q3. Select the most appropriate option for blank no. 3
(a) New
(b) Additional
(c) Upcoming
(d) Next

Q4. Select the most appropriate option for blank no. 4
(a) Negation
(b) Declaration
(c) Reconfirmation
(d) Disclaiming

Q5. Select the most appropriate option for blank no. 5
(a) Push
(b) Subsidy
(c) Undertakings
(d) Incentive

Q6. Select the most appropriate option for blank no. 6
(a) Aid
(b) Blow
(c) Tender
(d) Boost

Q7. Select the most appropriate option for blank no. 7
(a) Calibrated
(b) Measured
(c) Estimated
(d) Computed

Q8. Select the most appropriate option for blank no. 8
(a) Record
(b) Report
(c) Represent
(d) Shows

Q9. Select the most appropriate option for blank no. 9
(a) Presented
(b) Trailed
(c) Lead
(d) Led

Q10. Select the most appropriate option for blank no. 10
(a) Popular
(b) Liked
(c) Unique
(d) Prevailing

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Solutions
S1. Ans. (d)
Sol. The correct answer is option d.
The word that can be in the blank is, ‘Significant’.
Significant – Sufficiently great or important to be worthy of attention; Noteworthy.
As per the context of the passage the word ` Significant’ fits in properly & hence it is the correct choice.

S2. Ans. (c)
Sol. The correct answer is option c.
The word that can be in the blank is, ‘Scrapping’.
Scrapping – To discard or abandon as useless; Cancel.
Scrapping of – Here it means to remove income tax for senior citizens
As per the context of the passage the word ` Scrapping’ fits in properly & hence it is the correct choice.

S3. Ans. (b)
Sol. The correct answer is option b.
The word that can be in the blank is, ‘Additional’.
As per the context of the passage the word ` Additional’ fits in properly & hence it is the correct choice.

S4. Ans. (b)
Sol. The correct answer is option b.
The word that can be in the blank is, ‘Declaration’.
As per the context of the passage the word ` Declaration’ fits in properly & hence it is the correct choice.

S5. Ans. (a)
Sol. The correct answer is option a.
The word that can be in the blank is, ‘Push’.
As per the context of the passage the word ‘Push’ fits in properly & hence it is the
correct choice.

S6. Ans. (d)
Sol. The correct answer is option d.
The word that can be in the blank is, ‘Boost’.
Boost – A source of help or encouragement leading to increase or improvement.
As per the context of the passage the word ` Boost’ fits in properly & hence it is the
correct choice.

S7. Ans. (c)
Sol. The correct answer is option c.
The word that can be in the blank is, ‘Estimated’.
Estimated – Roughly calculated; approximate.
As per the context of the passage the word ` Estimated’ fits in properly & hence it is the correct choice.

S8. Ans. (a)
Sol. The correct answer is option a.
The word that can be in the blank is, ‘Record’.
As per the context of the passage the word `Record’ fits in properly & hence it is the correct choice.

S9. Ans. (d)
Sol. The correct answer is option d.
The word that can be in the blank is, ‘Led’.
Led – Planned or controlled by a particular person or thing
As per the context of the passage the word ` Led’ fits in properly & hence it is the
correct choice.

S10. Ans. (c)
Sol. The correct answer is option c.
The word that can be in the blank is, ‘Unique’.
As per the context of the passage the word ‘Unique’ fits in properly & hence it is the correct choice.

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