Union Budget is referred to as the Annual Financial Statement (AFS), According to Article 112 of the Indian Constitution. The Union Budget is an annual financial report that assesses the income and expenditure presented to outline the future policies to be adopted by the government for sustainable growth and development, which begins in April of the current year and ends in March of the following year. The Budget Division of the Department of Economic Affairs in the Ministry of Finance is the nodal body responsible for budget preparation. Let's know more about Indian Union Budget 2022-23.
1. How many times has Nirmala Sitharaman (MoF) presented the Union Budget in a row?
A. 2th time
B. 4th time
C. 7th time
D. 8th time
2. The first Budget of Independent India was presented in which year?
A. In the year 1947
B. In the year 1949
C. In the year 1950
D. In the year 1961
3. Which among the following true regarding Union Budget 2022-23?
A. Expected to grow at 9.27 per cent
B. Two parallel tracks for the next 25 years
C. Production Linked Incentive schemes in 14 sectors
D. All of the above-mentioned
4. Which one of the following focus areas of the FY22-23?
A. PM Gati Shakti
B. Inclusive Development
C. Productivity Enhancement
D. All of the above-mentioned
5. Which one of the following NOT true regarding focus areas of the Union Budget 22-23?
A. Sunrise Opportunities
B. Energy Transition
C. Climate Action and Financing of investments
D. None of these
6. Emergency Credit Line Guarantee Scheme to be extended up to....
A. February 2023
B. March 2023
C. April 2023
D. December 2023
7. Announcement of how many crore rupees project to connect Ken Betwa river?
A. Rs 24,605 crore
B. Rs 34,605 crore
C. Rs 44,605 crore
D. Rs 84,605 crore
8. How many digital banking units will be set up in 75 districts?
A. 75 banking units
B. 77 banking units
C. 80 banking units
D. 90 banking units
9. PM Modi’s development initiatives for the North East will be implemented by which?
A. North Eastern Council
B. North West Council
C. Eastern Council
D. Mo Rural Development
10. 5G spectrum auctions to be carried out in calendar 2022 to enable the launch of services within ...
A. FY22-23
B. FY23-24
C. FY24-26
D. FY25-30
11. How many lakh crore rupees is the effective capital expenditure of the central government estimated in 2022-23?
A. Rs 1.68 lakh crore
B. Rs 10.68 lakh crore
C. Rs 20.68 lakh crore
D. Rs 50.68 lakh crore
12. The effective capital expenditure of the central government is estimated to be what percent of GDP in 2022-23?
A. About 0.1% of GDP
B. About 1.1% of GDP
C. About 2.1% of GDP
D. About 4.1% of GDP
13. Digital rupee to be issued using blockchain and other technologies and will be issued by RBI starting in which FY?
A. FY 2022-23
B. FY 2023-24
C. FY 2024-25
D. FY 2025-26
14. Both Centre and States govt employees’ tax deduction limit to be increased from:
A. 1.0% to 1.4%
B. 10% to 14%
C. 11% to 24%
D. 3.3 % to 14%
15. The gross GST collections for the month of January 2022 are ...
A. Rs 1,40,986 Cr
B. Rs 2,40,986 Cr
C. Rs 3,40,986 Cr
D. Rs 5,40,986 Cr
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