Multiple choice

Which of the following statements is/are correct regarding the Budget 2012-13?

  1. Securities Transaction Tax (STT) reduced from 0.125 percent to 0.1 percent.
  2. Tax exemption of up to Rs. 10,000 for health insurance for annual preventive health checkup.
  3. Rs. 10,000 crores allocated to NABARD to fund RRBs.

  1. 1 and 2

  2. 1 and 3

  3. 2 and 3

  4. 1, 2, and 3
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statement 1 is correct: STT was reduced from 0.125% to 0.1% in Budget 2012-13. Statement 2 is incorrect: the tax exemption was for Rs. 5,000, not Rs. 10,000. Statement 3 is correct: Rs. 10,000 crores were allocated to NABARD for refinance to RRBs. Therefore, only statements 1 and 3 are correct.

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