BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 500 Crore
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Rs. 100 Crore
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Rs. 150 Crore
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Rs. 50 Crore
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Detailed explanation-1: -Indian Institutes of Technology, IIT has got a major boost with the unveiling of the Union Budget 2023. As per the Budget 2023, IIT has received a total outlay of around Rs 9, 600 crores. Out of this, around Rs 8, 000 crores have been allocated to the institutes as grants.
Detailed explanation-2: -The funding for IIMs has been reduced in the budget for 2023–24 from the previous fiscal year’s Revised Estimate (RE) of Rs. 608.23 crore to Rs. 300 crore, according to an announcement made by Finance Minister Nirmala Sitharaman on Wednesday.
Detailed explanation-3: -So, government should divert the funds on educating them with the primary education rather than giving it to IIT’s and IIM’s.-Students going to IIT’s and IIM’s are self capable of paying the expenses that are required for these colleges.
Detailed explanation-4: -There are a total of 20 IIM colleges in India. The full-time MBA (Master of Business Administration) programmes are the top programmes across all IIMs.