Today (31st March 2012) is the last day of financial month in India. So government of India order all bank of India to open today till 5PM, So that everybody can do their bank(tax) related activity....

IMPORTANT BANK GK BASED ON MARCH 2012 BUDGET
This is second questions set based on Budget 2012-13 , click here for 1st questions set
Hi friends following questions is based on Indian Financial Budget which was announced on 16 March.
So these questions is very important questions for Bank Exams point of view, you need to go through them.

ANSWERS-1)Hamlet  2)2060/- for men & 1030/- for women 3)10000 4)60 5)12.36%6)50 lacs 7) 3 lacs or more8)7th  9)Legs 10) 90%

IMPORTANT QUESTIONS BASED ON BUDGET 2012 :-172
Q.1 Name the story of Shakespeare whose excerpt was quoted by Pranab Mukherjee in his budget speech on Friday?

Q.2 The Increase in exemption limit to Rs 2 lacs saves what amount for men & women respectively?

Q.3 The Interest upto what amount on savings bank amount is to be exempt from tax?

Q.4 The age limit for senior citizens has been reduced from 65 to what age for several tax benefits?

Q.5 What is the % to which the service tax (cess included) & excise have been increased in the recent budget?

Q.6 The exemption limit for small service providers has been increased from 10 lacs to what amount in this budget?

Q.7 What approx extra amount needs to be paid for an S-class Mercedes after the budget implication?

Q.8 Pranab Mukherjee presented which number budget in the Dalal Street here on Friday?

Q.9 David Beckham, the prolific soccer player has an insurance policy worth Rs 70 mn $ for which part of his body?

Q.10 The penalty upto how much % has been imposed on undisclosed income found during search?

CURRENT AFFAIRS - UNION BUDGET 2012-13 QUESTIONS ANSWERS
Hey friends I have got the request on facebook for posting the Budget related quiz questions.
So I am posting this quiz which is based on BUDGET 2012-13 which was passed on 16 March by Indian Finance Minister. This is also the questions so here I am not putting the name of Indian Finance minister. It is very easy:) If you don't know then you can fail in your exam or interview etc. So here I am also putting the simple questions also. This quiz is very sort based on Tax related questions. But I will soon post another quiz based on Budget 2012-13. So first go through this questions set and Update your knowledge about Current Tax Rules passed on Budget 2012-13.

Answers:-
1). Pranab Mukherjee   2).Rs 2 lakh    3).1.8 lakh    4).2 to 5 lakh    5).5 to 10 lakh    6).Above 10 lakh
7). 10,000

UNION BUDGET 2012-13 RELATED QUIZ:- 168
Questions:-
1). Name the Indian Finance Minister who announced the Budget 2012-13 on March 16 2012?


2). According to Union budget 2012-13 now income upto ----------lakh is tax free.
3). Tax Exemption limit enhanced from Rs --------- lakh to Rs 2 lakh.
4). If your Income from Rs -------------, it would be taxed at 10%.
5). If your Income from Rs -------------, it would be taxed at 20%.
6). you need to pay 30% tax on how much income limit?
7). On Budget 2012-13 Mukherjee announced that interest from savings account up to Rs --------- would be tax free.