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 and Rs.20, 000 crore
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Rs.25, 000 crore and Rs.10, 000 crore
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Rs.35, 000 crore and Rs.30, 000 crore
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Rs.45, 000 crore and Rs.50, 000 crore
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Detailed explanation-1: -Expenditure: The government proposes to spend Rs 27, 86, 349 crore in 2019-20, which is 13.4% above the revised estimate of 2018-19. Receipts: The receipts (other than net borrowings) are expected to increase by 14.2% to Rs 20, 82, 589 crore, owing to higher estimated revenue from corporation tax and dividends.
Detailed explanation-2: -In 2019-20, the disinvestment receipts stood at Rs 50, 298 crore, lower than the Revised Estimates of Rs 65, 000 crore and Budget estimate of Rs 1.05 lakh crore. In 2018-19 and 2017-18 fiscal, the government had exceeded the disinvestment target set in budget.
Detailed explanation-3: -Budget Estimates 2023-24: The total receipts other than borrowings is estimated at Rs 27.2 lakh crore and the total expenditure is estimated at Rs 45 lakh crore. The net tax receipts are estimated at Rs 23.3 lakh crore. The fiscal deficit is estimated to be 5.9 per cent of GDP.
Detailed explanation-4: -Highlights of the Union Budget 2022-2023. 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.