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CUET Economics 2022 PYQs15 July Shift 2. Free, no login required.

Q1:

Balance of Payments

Easy

Match List I with List II

List I - Foreign Exchange RateList II - Derived Meaning
A. Fixed exchange rateI. Mixture of fixed and flexible exchange rate system.
B. Floating exchange rateII. Determined by government.
C. Managed floatingIII. Expectation of gain from appreciation of the currency
D. SpeculationIV. Determined by market forces of demand and supply of forex

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 1

Q2:

Balance of Payments

Medium

Which of the following is not a component of current account:

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 2

Q3:

Balance of Payments

Easy

A change in the exchange rate of the Indian rupee and the British Pound from Rs.95 for a pound to Rs.100 for a pound will mean:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 3

Q4:

National Income

Medium

Which of the following will be included in national income, while using the income method to calculate the same:-

(Choose the correct option)

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 4

Q5:

National Income

Easy

What is the value of real GDP if nominal GDP is Rs.3300 crores and GDP deflator is 150.

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 5

Q6:

National Income

Medium

Which of the following explains the concept of depreciation:

A. An annual allowance for wear and tear of a capital good.

B. The capital good gradually used up in each year's production process.

C. Cost of replacement of a capital good due to an accident.

D. Fall in the value of fixed asset due to unexpected change in technology.

E. Cost of the good divided by number of years of its useful life.

Choose the correct answer from the options given below:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 6

Q7:

National Income

Easy

If the value NVA_FC is Rs.200 crores, intermediate consumption is Rs.100 crores and depreciation is given as Rs.40 crores, what will be the value of GVA_FC?

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 7

Q8:

National Income

Medium

Identify the correct statements about the externalities as a limitation of GDP and welfare.

A. GDP as measured does not include external production of goods.

B. Inverse relationship between negative externality and welfare.

C. No relation between GDP and welfare.

D. Economic activities have both positive and negative externalities.

E. Producers are rewarded with profit for positive externalities

Choose the correct answer from the options given below :

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 8

Q10:

Income & Employment

Medium

Suppose a TV manufacturing unit wants to raise its inventories from 1000 units to 2000 units during the year. Expecting sale of 5000 units during the year, the firm produces 5000+1000= 6000 TV sets. Actual sale for the firm are 5000 TV sets during the year.

This is an example of:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 10

Q12:

Money & Banking

Medium

The currency issued by the Reserve Bank of India is called.

A. High powered money

B. Reserve money

C. Bank money

D. Monetary base

E. Fiscal base

Choose the correct answer from the options given below:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 12

Q13:

Money & Banking

Medium

Identify which of the following measures taken by RBI will increase the money supply.

A. Increase in Cash Reserve Ratio

B. Decrease in Cash Reserve Ratio

C. Selling of a government bond

D. Buying of a government bond

E. Decrease in Bank Rate

Choose the correct answer from the options given below:

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 13

Q14:

Development Experience of India

Medium

Economic policies which have been adopted by both India and Pakistan are:

A. Mixed economy

B. Import-substitution

C. Green Revolution

D. Five Year Plans

E. Commerce system

Choose the correct answer from the options given below:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 14

Q15:

Rural Development

Medium

Arrange the events related to rural credit in the chronological order.

A. Setting up of NABARD as an apex body for rural financial system.

B. Kudumbashree programme implemented in Kerala

C. Green Revolution initiates diversification of rural credit portfolio

D. India adopts social banking and multiagency approach.

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 15

Q16:

Development Experience (1947-90)

Easy

The objective of Karve committee was rural development with a focus on

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 16

Q17:

Sustainable Economic Development

Easy

Match List I with List II

List I:List II:
A. Solar PowerI. Earthworms
B. Gobar gasII. Photovoltaic cells
C. Biopest ControlIII. Neem
D. BiocompostingIV. Rural areas

Choose the correct answer from the options given below:

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 17

Q18:

Introduction

Easy

Match List I with List II

List I: Economic issueList II: Refers to
A. ScarcityI. Based on facts
B. Normative statementII. Central problem of an economy
C. Positive statementIII. Problem of choice
D. What to produceIV. Based on value judgment

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 18

Q19:

Consumer Behaviour

Easy

The downward movement along the demand curve of a commodity is due to:

Choose the correct option.

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 19

Q20:

Consumer Behaviour

Easy

Budget set of a consumer is defined as:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 20

Q21:

Economic Reforms (1991)

Medium

Liberation of trade and investment regime was initiated in the Indian Economy in 1991 to provide for:

A. International competitiveness of industrial production.

B. Promotion of competitiveness of local industries.

C. Collection of higher tariffs.

D. Adoption of modern technologies

E. Control over imports.

Choose the correct answer from the options given below:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 21

Q22:

Development Experience (1947-90)

Easy

Identify the feature not found amongst the poor. (Choose the correct option)

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 22

Q23:

Human Capital Formation

Medium

Which of the following is not a source of human capital?

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 23

Q24:

Development Experience (1947-90)

Easy

The organization which is responsible for providing estimates on poverty in India is:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 24

Q25:

Development Experience (1947-90)

Medium

Match List I with List II

List I: EventsList II: Year
A. Introduction of railwaysI. Before 1921
B. First stage of demographic transitionII. 1907
C. The Tata Iron and Steel Company (TISCO) incorporationIII. 1850
4. Suez Canal openingIV. 1869

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 25

Q26:

Development Experience (1947-90)

Easy

On May 12, 2020, our Prime Minister raised a clarion call to the nation giving a kick start to the Atmanirbhar BharatAbhiyaan to fight COVID-19 pandemic in India. Which long term goal of India's five year plans does this campaign reflect?

(Choose the correct alternative)

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 26

Q27:

Employment

Easy

The contribution made by agriculture, industrial and services sector together contribute:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 27

Q28:

Employment

Medium

Which of the following statements is/are correct?

A. Primary sector is still the major source of employment in India.

B. All the public sector establishment and those private sector establishment are called formal sector.

C. Majority of Indian work force is employed in the informal sector.

D. Majority of Indian work force is regular salaried.

E. Growth of employment has decelerated.

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 28

Q29:

Employment

Easy

Which organization collects the data related to unemployment in India?

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 29

Q30:

Income & Employment

Medium

In an Economy, AD = Rs.250 cr+0.6Y and at zero level of income consumption is Rs.150 crores The value of autonomous investment will be:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 30

Q31:

Income & Employment

Medium

Which of the following is true about the aggregate demand curve in the short run;

Choose the correct option:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 31

Q32:

Income & Employment

Easy

The size of investment multiplier (k) depends on:-

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 32

Q33:

Income & Employment

Medium

Identify the fiscal measures from the following that will help correct excess demand

A. Decrease in Repo rate.

B. Increase in taxes.

C. Decrease in government expenditure.

D. Increase in Repo rate

E. Decrease in taxes

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 33

Q34:

Income & Employment

Medium

Assume that in an economy increased consumption is equal to increased saving, how many times will the national income increase in such an economy with an increase in investment?

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 34

Q35:

Income & Employment

Easy

If the equilibrium level of output is less than the full employment level, then it is a situation of:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 35

Q36:

Income & Employment

Medium

A producer plans to add Rs.200 worth of goods to her stock by the end of the year. However due to an unexpected fall in the demand for her goods she adds Rs.250 worth of goods. Her ex-ante investment was____ and ex post investment was____

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 36

Q37:

Income & Employment

Easy

Marginal propensity to save in zero when.

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 37

Q38:

Human Capital Formation

Medium

Match List I with List II.

List I: ProgrammeList II: Impact
1. Creation of physical capital1. Enhance labor productivity
2. On the job- training2. Creates private and social benefit
3. Education3. Create private benefit
4. Human capital4. Better social standing and pride.

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 38

Q39:

Sustainable Economic Development

Easy

Increase in greenhouse gases since Industrial Revolution has caused the following environmental problem.

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 39

Q40:

Development Experience of India

Medium

Arrange the following events in the chronological order.

A. Establishment of People's Republic of China.

B. Economic Reforms introduced in China.

C. Great Leap Forward.

D. Great Proletarian Culture Revolution.

E. Economic Reforms were initiated in Pakistan.

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 40

Q41:

Human Capital Formation

Easy

Read the newspaper article given below and answer questions.

Accessible and affordable healthcare must: Mandaviya

'Centre aims to cut treatment cost, have more doctors'

The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday.

Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here.

Holistic healthcare

The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy.

Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre.

Nation comes first

"Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted.

Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Multispecialty hospitals are included in the following tier of the health care system in India.

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 41

Q42:

Human Capital Formation

Medium

Read the newspaper article given below and answer questions.

Accessible and affordable healthcare must: Mandaviya

'Centre aims to cut treatment cost, have more doctors'

The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday.

Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here.

Holistic healthcare

The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy.

Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre.

Nation comes first

"Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted.

Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Identify which among the following constitute Indian system of medicine.

A. Naturopathy

B. Allopathy

C. Ayurveda

D. Yoga

E. Homeopathy

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 42

Q43:

Human Capital Formation

Easy

Read the newspaper article given below and answer questions.

Accessible and affordable healthcare must: Mandaviya

'Centre aims to cut treatment cost, have more doctors'

The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday.

Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here.

Holistic healthcare

The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy.

Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre.

Nation comes first

"Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted.

Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

The Union government is working towards the following to bring about holistic development of the health sector in India.

A. Accessibility

B. Monopoly over healthcare provisions.

C. Import of medical services.

D. Affordability.

E. Modern medical facilities

Choose the correct answer from the options given below:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 43

Q44:

Human Capital Formation

Easy

Read the newspaper article given below and answer questions.

Accessible and affordable healthcare must: Mandaviya

'Centre aims to cut treatment cost, have more doctors'

The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday.

Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here.

Holistic healthcare

The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy.

Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre.

Nation comes first

"Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted.

Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Which of the following is not a part of health infrastructure.

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 44

Q45:

Human Capital Formation

Medium

Read the newspaper article given below and answer questions.

Accessible and affordable healthcare must: Mandaviya

'Centre aims to cut treatment cost, have more doctors'

The Union government will work holistically in the health sector with synergy between preventive health care and modern medical facilities, Union Health Minister Mansukh Mandaviya said on Monday.

Besides reducing the cost of treatment of the poor, efforts were on to rapidly increase the number of doctors, Mr. Mandaviya said while inaugurating a multispecialty outpatient and inpatient block (IPD) at Lady Hardinge Medical College (LHMC) and associated hospital here.

Holistic healthcare

The new IPD block will increase the bed strength of the LHMC from 877 to more than 1,000 beds. The IPD block houses an additional highly sophisticated CT scanner. The new OPD Block has additional facilities for holistic healthcare, including all medical and surgical specialties, Ayurveda, Yoga, Naturopathy and Homeopathy.

Mr. Mandaviya stated that the states played a very crucial role in the implementation of any programme made by the Centre.

Nation comes first

"Making health accessible, affordable and patient friendly is very important. Our effort need to be in the direction of advancement of the nation; the nation should always come first"' be noted.

Bharati Pravin Pawar, Minister of state for health, said, it was important to note that better health facilities were not limited only to the treatment of diseases. They also encouraged and promoted social justice. "When the poor get affordable and quality treatment, their faith in the system gets stronger", she said.

Which of the following are used by the scholars to assess the health status of a nation.

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 45

Q46:

Government Budget

Easy

Read some salient features of 'Budget 2022' and answer questions.

BUDGET: 2022-23

Finance Minister Nirmala Sitaraman presented the union Budget 2022.

There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties.

Few highlights

  • Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore.
  • Top focus of the Budget this year are PM Gati Shakti.
  • In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP.
  • Projected fiscal deficit of 6.4% of GDP in 2022-23
  • Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore.
  • The government will tax income from digital asset transfers at 30%
  • Strategic transfer of ownership of Air India completed now.
  • Rs.4800 crore allotted to PM Awas Yojana
  • Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

PM Gati Shakti- National master plan for multi-modal connectivity is an example of:

Answer options
Option 1
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 46

Q47:

Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions.

BUDGET: 2022-23

Finance Minister Nirmala Sitaraman presented the union Budget 2022.

There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties.

Few highlights

  • Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore.
  • Top focus of the Budget this year are PM Gati Shakti.
  • In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP.
  • Projected fiscal deficit of 6.4% of GDP in 2022-23
  • Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore.
  • The government will tax income from digital asset transfers at 30%
  • Strategic transfer of ownership of Air India completed now.
  • Rs.4800 crore allotted to PM Awas Yojana
  • Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Match List With List II

List I Description in Budget speechList II Figures in per cent
A. Projected Fiscal Deficit in 2022-23.I. (-16.67%)
B. States Fiscal deficit in 2022-23.II. 6.4% of GDP
C. Change in dis-investment proceedings in FY 2022-23.III. 35.4%
D. Change in Capex target in FY 2022-23.IV. Upto 4% of GDP

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 47

Q48:

Government Budget

Easy

Read some salient features of 'Budget 2022' and answer questions.

BUDGET: 2022-23

Finance Minister Nirmala Sitaraman presented the union Budget 2022.

There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties.

Few highlights

  • Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore.
  • Top focus of the Budget this year are PM Gati Shakti.
  • In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP.
  • Projected fiscal deficit of 6.4% of GDP in 2022-23
  • Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore.
  • The government will tax income from digital asset transfers at 30%
  • Strategic transfer of ownership of Air India completed now.
  • Rs.4800 crore allotted to PM Awas Yojana
  • Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Rs.60000 crore allocated to provide tap water connection to 3.8 crore household. Provision of tap water by the government is an example of:

Answer options
Option 4
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 48

Q49:

Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions.

BUDGET: 2022-23

Finance Minister Nirmala Sitaraman presented the union Budget 2022.

There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties.

Few highlights

  • Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore.
  • Top focus of the Budget this year are PM Gati Shakti.
  • In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP.
  • Projected fiscal deficit of 6.4% of GDP in 2022-23
  • Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore.
  • The government will tax income from digital asset transfers at 30%
  • Strategic transfer of ownership of Air India completed now.
  • Rs.4800 crore allotted to PM Awas Yojana
  • Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Strategic transfer of ownership of Air India will lead to:

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 49

Q50:

Government Budget

Medium

Read some salient features of 'Budget 2022' and answer questions.

BUDGET: 2022-23

Finance Minister Nirmala Sitaraman presented the union Budget 2022.

There were a host of measures for a number of sectors, aimed at boosting growth amid high and rising inflation and continuing COVID uncertainties.

Few highlights

  • Capex target expanded by 35.4%- from Rs.5.54 lakh crore to Rs.7.50 lakh crore. FY23 effective capex seen at Rs.10.7 lakh crore.
  • Top focus of the Budget this year are PM Gati Shakti.
  • In 2022-23, states will be allowed fiscal deflicit of upto 4% of GDP.
  • Projected fiscal deficit of 6.4% of GDP in 2022-23
  • Receipt from disinvestment proceeds in next financial year pegged at Rs.6500 crore, lower than the current years mobilization of Rs.78000 crore.
  • The government will tax income from digital asset transfers at 30%
  • Strategic transfer of ownership of Air India completed now.
  • Rs.4800 crore allotted to PM Awas Yojana
  • Rs.6000 crore allotted to provide tap water connections to 3.8 crore households in 2022-23

Identify the incorrect statement of the union budget of India 2022- 23.

Answer options
Option 3
Correct Answer
Explanation for 2022: 15 July Shift 2 ECO question 50

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