Multiple choice

Which of the following is not a major highlight of the Union Budget 2008-09 ?

  1. A target of Rs. 2·80 lakhs crore is fixed for providing credit to agriculture sector.
  2. Limit of the Banking Cash Transaction Tax is raised from present 1% to 1·5%.
  3. PAN requirement is not mandatory for financial transactions. Other Ids are also acceptable.

  1. Only 1

  2. Only 2

  3. Only 3

  4. Both 2 and 3

  5. All 1, 2 and 3
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In the 2008-09 budget, the agriculture credit target was indeed a major highlight. However, the Banking Cash Transaction Tax was actually abolished, not raised, and PAN requirements were generally tightened, not relaxed.

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