BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The government has allocated____crore to health and family welfare in the Union Budget 2018-19, an 11.5 per cent rise over the Rs 47, 353 crore allocated last fiscal.
A
Rs 28, 800 crore
B
Rs 37, 400 crore
C
Rs 43, 600 crore
D
Rs 52, 800 crore
Explanation: 

Detailed explanation-1: -As indicated in Figure 1, the allocation to the Department of Health and Family Welfare has increased from Rs 11, 366 crore in 2006-07 to Rs 52, 800 crore in 2018-19.

Detailed explanation-2: -Government spending at 3% of GDP on healthcare is a widely accepted norm. Even the 2021 Economic Survey recommended that government spending on health should rise to at least 2.5% to 3%.

Detailed explanation-3: -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-4: -Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Government says, a series of structural reforms will propel India among the fastest growing economies of the world.

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