Budget 2024 GK Quiz, Question and Answer

Budget 2024 GK Quiz, Questions and Answers Covers diverse aspects of fiscal planning. In the area of ​​welfare, it introduced progressive measures aimed at promoting economic growth while ensuring social equality. The government emphasized investment in key sectors such as healthcare, education and infrastructure, showing commitment towards overall development.

Q1. What is the total estimated expenditure in the Union Budget for the financial year 2024-25?

(A) 44,90,486 crores

(B) 47,65,768 crores

(c) 11,11,111 crores

(d) 14,96,693 crores

(e) `2,97,328 crore

Q2. What is the total capital expenditure in Budget 2024-25?

(A) 9,50,246 crores

(B) 2,97,328 crores

(c) 14,96,693 crores

(d) 11,11,111 crores

(e) `44,90,486 crore

Q3. How many total resources including transfers, grants, loans etc. have been transferred to the states in Budget 2024-25?

(A) 22,22,264 crores

(B) 4,13,848 crores

(c) 2,97,328 crores

(d) 44,90,486 crores

(e) `11,11,111 crore

Q4. What is the percentage increase in effective capital expenditure in Budget 2024-25 compared to the Revised Estimates for 2023-24?

(A) 15.2%

(B) 17.7%

(c) 20.5%

(d) 14.3%

(e) 18.9%

Q5. On which category will the maximum expenditure be incurred in the budget of 2024-25?

(a pension

(b) interest

(c) defense

(d) Grants-in-aid for construction of capital assets

(e) tax administration

Q6. What is the estimated fiscal deficit as a percentage of nominal GDP for FY 2024-25?

(A) 5.1%

(B) 2.0%

(c) 3.0%

(d) 1.5%

(e) 6.4%

Q7. Which sector received the highest allocation in Budget 2024-25?

(A) education

(b) transportation

(c) rural development

(d) health

(e) defense

Q8. What is the budget estimate for Mahatma Gandhi National Rural Employment Guarantee Program (MGNREGA) in the financial year 2024-2025?

(A) ₹60,000

(B) ₹80,000

(c) ₹86,000

(d) ₹90,000

(e) ₹95,000

Q9. What is the budget estimate for Pradhan Mantri Awas Yojana (PMAY) in 2024-2025?

(A) 60,000 crores

(B) 80,671 crores

(c) 79,590 crores

(d) 54,103 crores

(e) 70,000 crores

Q10. How much has been allocated for Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in the Revised Estimates for 2023-2024?

(A) ₹60,000

(B) ₹58,254

(c) ₹40,000

(d) ₹50,000

(e) ₹45,000

Question 11. How much has been allocated for urea subsidy in the year 2024-2025?

(A) ₹1,19,000

(B) ₹1,31,100

(c) ₹1,28,594

(d) ₹1,65,217

(e) ₹1,50,000

Question 12. What is the proposed budget allocation for the scheme for Bhutan in the financial year 2024-2025?

(A) ₹2,467 crore

(B) ₹2,401 crore

(c) ₹2,399 crore

(d) ₹2,069 crore

(e) none of the above

Q13. What is the proposed budget allocation for the scheme for Nepal in the financial year 2024-2025?

(A) ₹434 crore

(B) ₹550 crore

(c) ₹650 crore

(d) ₹700 crore

(e) none of the above

Question 14. What is the proposed budget allocation for National Investment and Infrastructure Fund (NIIF) in the financial year 2024-2025?

(A) ₹1,683 crore

(B) ₹2,000 crore

(c) ₹1,501 crore

(d) ₹1,701 crore

(e) none of the above

Question 15. What is the budget allocated for the education sector in the financial year 2024-2025?

(A) ₹1,24,638 crore

(B) ₹1,30,000 crore

(c) ₹1,15,500 crore

(d) ₹1,40,000 crore

(e) none of the above

Solution

S1. Answer(B)

Sol. The total expenditure in the budget is estimated to be Rs 47,65,768 crore (47.65 lakh crore).

S2. Answer(D)

Sol. The total expenditure in the budget is estimated at Rs 47,65,768 crore (47.65 lakh crore), with a special focus on capital expenditure reaching Rs 11,11,111 crore (11.11 lakh crore). This represents a commendable increase of 16.9% in capital expenditure compared to the Revised Estimate (RE) for 2023-24.

S3. Answer(A)

Sol. In the financial year 2024-25, the resources transferred to the states, including transfers, grants, loans and centrally sponsored schemes, amount to Rs 22,22,264 crore (₹22.22 lakh crore). This shows a significant increase of Rs 4,13,848 crore compared to the actual figures for FY 2022-23.

S4. Answer(B)

Sol. The effective capital expenditure for 2024-25 is estimated at `14,96,693 crore, representing a substantial increase of 17.7% over RE 2023-24.

S5. Answer(B)

Sol. With ₹11,90,440 crore allocated, management of interest payments remains an important component of fiscal planning.

S6. Answer(A)

Sol. The fiscal deficit for 2024-25 is estimated at `16,85,494 crore, which is 5.1% of nominal GDP.

S7. Answer(E)

Sol. Ministry of Defence Received the highest allocation with ₹6.1 lakh crore.

S8. Answer (C)

Sol. Mahatma Gandhi National Rural Employment Guarantee Programme: ₹86,000 crore.

S9. Answer(B)

Sol. Pradhan Mantri Awas Yojana (PMAY): ₹80,671 crore

S10. Answer(A)

Sol. Prime Minister Kisan Samman Nidhi: ₹60,000 crore

S11. Answer(A)

Sol. Urea Subsidy: ₹1,19,000 crore

S12. Answer(D)

Sol. The government has allocated 2,069 crores The amount planned for Bhutan in the proposed budget reflects its commitment to bilateral relations and cooperation with Bhutan.

S13. Answer(D)

Sol. The government has identified 700 crores The proposed budget includes funds for the scheme for Nepal, with emphasis on ongoing support and cooperation between India and Nepal.

S14. Answer (C)

Sol. The government has allocated 1,501 crores The proposed budget includes funds for NIIF, which aims to support investment in infrastructure development and strategic projects.

S15. Answer(A)

Sol. Education: A significant allocation of ₹1,24,638 crore Underlines the importance of investment in education for national progress.

Budget 2024 GK Quiz, Questions and Answers_40.1

Leave a Comment