BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs.75, 000 crore
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Rs.25, 000 crore
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Rs.50, 000 crore
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Rs.60, 000 crore
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Detailed explanation-1: -At the end of fiscal year 2018, the budgeted estimate of revenue expenditure on non-developmental expenses of India’s central and state governments amounted to more than 22 trillion Indian rupees and developmental expenses amounted to approximately 19 trillion rupees.
Detailed explanation-2: -This note analyses issues in the agriculture sector, expenditure trends and budget proposals of these Departments. The Ministry has been allocated Rs 57, 600 crore in 2018-19. [1] This is 14.6% more than the revised estimate in 2017-18 as shown in Figure 1.
Detailed explanation-3: -Summary: Finance Minister Arun Jaitley presented Union Budget 2018–19 in Parliament on 1 February 2018.
Detailed explanation-4: -Out of the total tax collections under GST, 85% is expected to come from central GST (Rs 6, 60, 000 crore), and 15% (Rs 1, 20, 000 crore) from the GST compensation cess. Corporation tax: The collections from taxes on companies are expected to increase by 13% in 2022-23 to Rs 7, 20, 000 crore.