2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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20%
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30%
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10%
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15%
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Detailed explanation-1: -20 lakh crore (US$ 268.74 billion), which amounts to 10% of India’s GDP, as a stimulus package to help recover the economy by promoting incentives for domestic production.
Detailed explanation-2: -For ABRY, which was launched post the COVID-19 lockdown in 2020, the Budget proposed increasing spending from ₹3, 130 crore in BE 2021-2022 to ₹6, 400 crore in BE 2022-2023. Under the scheme, the government pays the employees’ share of EPF for new employees with a salary of under ₹15, 000 a month.
Detailed explanation-3: -20 lakh crores - equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India. He gave a clarion call for Aatma Nirbhar Bharat or Self-Reliant India Movement. He also outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
Detailed explanation-4: -Atma Nirbhar Bharat Abhiyan Shortcomings: The government should have designed packages that would provide cash support rather than relying more on loans. The collateral-free or unsecured loans announced for MSMEs may lead to higher default by the companies and lead to higher NPAs.