New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Which of the following statement/statements is/are

    correct regarding the Interim Union Budget for 2024-2025 presented by Finance Minister Nirmala Sitharaman? 1. India’s real GDP is projected to grow at 7.3 per cent in FY 2023-24. 2. The capital expenditure outlay for the next year is increased by 11.1 per cent to Rs 11,11,111 crore, constituting 3.4 per cent of the GDP. 3. The fiscal deficit in 2024-25 is estimated to be 5.1 per cent of GDP.
    A Only Statement 1 is correct. Correct Answer Incorrect Answer
    B Only Statement 2 is correct. Correct Answer Incorrect Answer
    C Only Statement 3 is correct. Correct Answer Incorrect Answer
    D All the statements (1, 2, and 3) are correct. Correct Answer Incorrect Answer
    E Either statement 1 or 2 is correct Correct Answer Incorrect Answer

    Solution

    Finance and Corporate Affairs Minister Nirmala Sitharaman presents the Interim Union Budget for 2024-2025 in Parliament. India’s real GDP projected to grow at 7.3 per cent in FY 2023-24. Capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP. Fiscal deficit in 2024-25 is estimated to be 5.1 per cent of GDP. FDI inflow during 2014-23 was USD 596 billion, which is twice the inflow during 2005-14. Upliftment of ‘Garib’ (poor), ‘Mahilayen’ (women), ‘Yuva’ (youth), and ‘Annadata’(farmer) is the highest priority of government. Scheme of 50-year interest-free loan for CAPEX to states will be continued this year with a total outlay of Rs 1.3 lakh crore. Government is working with an approach to development that is all-round, all-pervasive, and all-inclusive (सर्वांगीण, सर्वस्पर्शी और सर्वसमावेशी) The budget contains a number of announcements and strategies indicating directions and development approach for making India Viksit Bharat by 2047. Government will pay utmost attention to make the eastern region and its people a powerful driver of India’s growh. Government will form a high-powered committee for an extensive consideration of the challenges arising from fast population growth and demographic changes No change proposed in tax rates in the Interim Budget About one crore taxpayers expected to benefit from withdrawal of certain petty and disputed direct tax demands. Government to lay white paper on Indian economy now and then.

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