CUET Economics - Macro - Government Budget | Free Questions - Page 7

Q1:

2022: 15 July Shift 2

Macro

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.

Government has made provision to provide clean drinking water to households.

Productivity Enhancement is one of the top focus of the budget 2022- 23.

Government has increased disinvestment to finance the deficit in FY 2022-23.

Income from digital asset transfers will be taxable at 30%.

Correct Answer

Option 3

Correct Answer