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

Macro

past year questions, CUET Economics 2022 15 July Shift 2

Government Budget

past year questions, Macro, CUET Economics 2022 15 July Shift 2

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:

Solution

✅ Correct Option: 1

PM Gati Shakti focuses on building infrastructure for multi-modal connectivity such as roads, railways, and ports. Such spending creates physical assets for the economy and is classified as capital expenditure.

More from this set:

Question 47

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:

Question 48

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:

Question 49

Strategic transfer of ownership of Air India will lead to:

Question 50

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

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