CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Union Government in September 2016 announced a Special Financial Package for which State
A
Andhra Pradesh
B
Maharashtra
C
Odisha
D
Kerala
Explanation: 

Detailed explanation-1: -High debt & freebies: Poor spending priorities? Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya Pradesh, Uttar Pradesh, and Haryana are the states with the highest debt burden in India. These 10 states account for around half of the total expenditure by all state governments in India.

Detailed explanation-2: -The union budget 2023 will be presented by our finance minister Nirmala Sitaraman. The budget will be presented in parliament like every year on 1 February 2023. However on this date every year the budget was represented.

Detailed explanation-3: -Union budget is also known as financial budget of the nation. It is presented in the Parliament at the end of the financial year by the Union Finance Minister.

Detailed explanation-4: -Description: Union Budget keeps the account of the government’s finances for the fiscal year that runs from 1st April to 31st March. Union Budget is classified into Revenue Budget and Capital Budget.

There is 1 question to complete.