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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

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:

Solution

✅ Correct Option: 3

Strategic transfer of ownership of Air India is a form of disinvestment. The proceeds from the sale of government's ownership in PSUs reduce government assets and are classified as capital receipts. Hence it leads to an increase in capital receipts.

More from this set:

Question 46

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

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 50

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

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