BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The budgetary and extra budgetary expenditure for the Sector has been increased from Rs.4.94 lakh crore in 2017-18 to____lakh crore in 2018-19.
A
Rs.10.12 lakh crore
B
Rs.35.34 lakh crore
C
Rs.15.17 lakh crore
D
Rs.5.97 lakh crore
Explanation: 

Detailed explanation-1: -In absolute terms, this amount is Rs 1, 38, 205 Crore in BE 2023-24 against Rs 1, 19, 696 crore in BE 2022-23. Further, RE 2022-23 allocations at Rs 1, 53, 415 crore records a significant jump of 28%, amounting to Rs 33, 718 crores.

Detailed explanation-2: -The Union Budget 2022-2023 has a strong focus on boosting healthcare and infrastructure development. Additionally, it includes provisions to aid small businesses and farmers. The budget also proposes tax benefits for individuals and ways to attract foreign investments.

Detailed explanation-3: -Revised Estimates 2022-23: The total expenditure is Rs 41.9 lakh crore, of which the capital expenditure is about Rs 7.3 lakh crore. The fiscal deficit is 6.4 per cent of GDP, adhering to the Budget Estimate.

Detailed explanation-4: -Health-Rs 88956 crore. IT and Telecom-Rs 93478 crore. Rural Development-Rs 238204 crore. Scientific Departments-Rs 32225 crore.

There is 1 question to complete.