BUDGET Flashcards

1
Q

WORD MENTIONED IN CONSTITUTION FOR BUDGET ?

A

ANNUAL FINANCIAL STATEMMENT

ARTICLE 112

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2
Q

THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT

A

2003

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3
Q

IMPORTANT ARTICLES

A

DEMAND FOR GRANTS - AT.113
APROPPRIAT[ION BILL - AT.114(3)
FINANCIAL BILL - 110 (A)

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4
Q

FROM 1996 TO 2016 BUDGET WAS PRESENTED AT …..TIME

A

11 A.M
LAST WORKING DAY OF FEB

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5
Q

FROM 2017 SEVERAL CHANGES WERE MADE

A

ENCOMIC SURVEY 1 DAY PRIOR
TIMING = 5 AND 11
BUDGET PRESENTED ON 1 FEB
RAILWAY BUDGET +UNION BUDGET

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6
Q

BUDGET CAN BE ISSUED ……IN A YEAR

A

TWICE

FIRST TO SECURE VOTE ON ACCOUNT AND LATER IN FULL

VOTE OF ACCOUNT = ONLY EXPENDITURE PART

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7
Q

BUDGET SPEECH DIVIDED INTO 2 PARTS

A

PART A : GENERAL ECONOMIC SURVEY
PART B :TAXATION PROPOSALS

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8
Q

BUDGET GOES FROM …..STAGES

A

SIX

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9
Q

NODAL BODY RESPONSIBLE FOR PREPARING BUDGET

A

BUUDGET DIVISION - DEPT. ECONOMIC AFFAIRS - FINANCE MINISTRY

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10
Q

BLUE SHEET

A

BACBONE OF WHOLE BUDGET PROCESS KEEP IN SECRET FROM FM

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11
Q

CONSOLIDATED FUND COMES UNDER

A

ARTICLE 266(1)

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12
Q

VISION FOR AMRIT KAAL

A

FOCUS ON YOUTH
JOB CREATION
MACRO ECOMIC ENVIRONMENT

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13
Q

SAPTARISHI = 7 PRIORITES

A

YOUTH
FINANCE
GREE GROWH
UNLEASHING THE POTENTIAL
INFRASTRUCTURE
INCLUSIVE DEVE.(SABKA SATH SABKA VIKAS )
REACHING THE LASTS MILE

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14
Q

AGRI AND COOPERATIVES

A

20 LAK CR CREDIT
MILLET PROMOTION = “SHRI ANNA “
(INDIAN INSTITUTE OF MILLET RESEARCH - HYDERABAD )

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15
Q

HEALTH SECTOR

A

ELIMINATION OF SICKLE CELL ANAMEIA
157 - NEW NURSHING HOMES

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16
Q

AHIEVEMENTS FOR INCLUSIVE DEVELOPMENT

A

9 CR DINKING WATER COLLECTION
PM KISHAN = 2.2 LKH CR
SBM = 11.7 CR TOILETS
UJJWALA= 9.6 CR
JAN DHAN BANK = 47.8 CR
INSAURANCE : 44.6 CR = PMSBY

UJJWALA : 2016
PM KISAN = 2019
JAN DAN YOJANA : 2014
PM SURAKSHA BIMA YOJANA : 2015

17
Q

REACHING LAST MILE

A

PM DEVELOPMENT MISSION
FINANCIAL ASSISTANCE TO KARNATAKA PRONE AREA
740 =EKLAVYA MODEL SCHOOL

18
Q

INFRASTRUCTURE AND INVESTMENT

A

CAPITAL EXPENDITURE INCREASE BY - 33. 4%(10 LKH CR )
URBAN INFRASTRUCTURE DEVELOPMENT FUND - TIER 2 AND 3 CITIES
100- TRASPORT INFRA PROJECT
2,4 LKH CR FORE RAILWAY - HIGHEST
50 YEAR INTEREST FREE LOAN TO STATES

19
Q

UNLEASING POTENTIAL

A

100 5G LAB SERVICES
PHRASE 3 - E COURTS
NATIONAL DATA GOVERENCE POLICY
BIVAD SE VISHWAS - CONTRACT RELATED

20
Q

PM PRANAM FULL FORM

A

PM PROGRAMME FOR RESTORATION , AWARENESS, NOURISHMENT,AND AMELIOTRATION OF MOTHER EARTH

FERTILIZERS USAGE

21
Q

500 NEW - WASTE TO WEALTH PLANTS

A

GOBARdhan

PROMOTE CIRCULAR ECONOMY

22
Q

MISTHI

A

MANGROVE INITIATIVE OF SHORELINE HABITATS AND TANGIBLE INCOMES

AMRIT DHAROHAR TO BE FOR WET LANDS

23
Q

AMRIT PEEDHI

A

PMKVY 4.0- CODING , AI , ROBOTICS
50 NEW TOURIST DESTINATION
STATE TO SET UP UNITY MALL = ONE DISTRICT ONE PRODUCT)

24
Q

SETTNG UP OF ……..FIANCIAL SECTOR

A

NATIONAL FINANCIAL INFIO REGISTRY
CENTRE DATA PROCESSING CENTRE

25
Q

MAHILA SAMMAN BACHAT YOJANA

A

FOR 2 YEAR - UPTO 2 LKH FOR WOMEN

26
Q

SENIOR CITIZEN SAVING SCHEME UPPER LIMIT INCRESES TO

A

15 TO 30 LKH

27
Q

TARGETED FISCAL CONSOLIDATION

A

4.5 % BY 2025-26

28
Q

INCOME LIMIT REBATE OF INCOME TAX INCREASED FROM 5 LKH TO

A

7 LKH

29
Q

AVERAGE PROCESSING PERIOD REDUCED TO

A

16 DAYS IN 8 YEARS FROM 93

30
Q

…..% OF RETURN OF TAX PAYERS WILL PRICESSED WITHIN 24 HRS

A

45

31
Q

SURCHARGE RATE ON INCOME ABOVE 5 CR REDUCED TO

A

25% FROM 37%

32
Q

TAX EXEMPTION LIMIT INCREASE FOR NON GOV. SALARIED EMPLOYEES

A

25 LKH

33
Q

HIGHEST ALLOCATION OF MONEY TO WHICH MINISTRY

A

DEFENCE - 5.94
TRANSPORT- 2.70
RAILWAYS - 2.41

LEAST TO - COMMUNICATION = 1.23

34
Q

GENDER BUDGETING INCREASED BY

A

4.9 %