Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

IRDAI CA 2024 > Budget & Economic Survey '24 > Flashcards

Budget & Economic Survey '24 Flashcards

1
Q

According to the Economic Survey 2023-24, Indian Agriculture sector provides livelihood support to ___% of the population and has a share of ___% in the country’s GDP at current prices

A

42.3%
18.2%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

According to the Economic Survey 2023-24. Free food grains were provided to about ______ PMGKAY beneficiaries, for a further period of 5 years

A

81.35 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

According to the Economic Survey 2023-24, amount spent on agriculture research in 2022-23 was?

A

Rs. 19.65 thousand crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

According to the Economic Survey 2023-24, every rupee spent on agriculture research (including education), there is a payoff of?

A

Rs. 13.85

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

According to the Economic Survey 2023-24, what was the overall insured area under PMFBY in 2023-24?

A

610 lakh ha

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

According to the Economic Survey 2023-24, the fisheries sunrise sector, supports approximately ____ million people

A

30 million people

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

In the AHIDF Scheme, the government provides an interest subvention of ___% for ___ yrs

A

3% interest subvention for 8 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

The fund amount under the Credit Guarantee Fund Trust established for AHIDF by NABSanrakshan Trustee is?

A

Rs. 750 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

According to the Economic Survey 2023-24, What % of the Manufacturing GVA was constituted by the food processing sector in 2022-23 at 2011-12 prices?

A

7.66%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

According to the Economic Survey 2023-24, who is the largest employer in organised manufacturing? What is their share in total employment in organised sector?

A

Food Processing
12.02%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

According to the Economic Survey 2023-24, the share of processed food exports increased from 14.9% in 2017-18 to?

A

23.4% in 2022-23

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

According to the Economic Survey 2023-24, the average annual growth in GCF in agri investment from 2016-17 to 2022-23 was?

Gross Capital Formation

A

9.70%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

To Double Farmer’s Income, acc to the DFI 2016 report, Farmer’s income need to grow at the rate of ___% in farm sector, to require an annual growth rate in agriculture investment of ___%

A

10.4%
12.5%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

According to the Economic Survey 2023-24, the share of non-institutional credit reduced from 90% in 1950 to ___% in 2021-22

A

23.4%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Which geospacial mobile application enables geo-fencing, polygon creation, latitude-longitute capture, soil fertility and profile mapping, crop estimation survey and incorporation of geo-tagged photographs for land-based schemes

A

Krishi Mapper

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

A DPI that stores and standardises the data of relevant geospatial and non-geospatial data, such as remote sensing data, weather data, soildata, reservoir data, groundwater data of farmers pertaining to government schemes

A

Krishi Decision Support System (DSS)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

A prominent DPI with 3 foundational registries (databases), Farmer’s Registry, Geo-referenced village maps and crop sown registry, tohelp authenticate identities and create non-repudable digital asset in the form of Farmer ID, geotagged farm plots, etc

A

Agri-Stack

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

The Finance Minister outlines 9 priorities in the budget for achieving Viksit Bharat. Which is not a priority? - imp
1. Productivity & Resilience in Agri
2. Employment & Skilling
3. Inclusive HRD & Social Justice
4. Manufacturing & Services
5. Urban Development
6. Energy Security
7. Infrastructure
8. Digital Literacy
9. Innovation, R&D
10. Next gen Reforms

A

8

ASUME-IIN

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

The government in partnership with states, will implement Digital public Infrastructure (DPI) in agri for covering farmers and their lands in 3 years. The Digital crop survey for kharif using DPI will be conducted in how many districts in the 1st year?

A

400 districts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Over the next 3 years, the government plans to record the details of how many farmers and their lands in the DPI for agri?

A

11 crore

6 crore this year

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Provision in the budget for agri & allied?

A

Rs. 1.52 lakh crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

PM GKAY has been extended for how many years?

A

5 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Antyodayay Anna Yojana recieves ____kg of food grains per month and ____kg of foodgrains per person, per month.

A

35kg per month
5kg per person per month

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Outlay of PM GKAY?

A

Rs. 11.08 L crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

PM MSY scheme allocation?

A

Rs. 2351 crore

the most out of fisheries total Rs. 2616.4 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Financial support for shrip farming, processing & export will be provided through?

A

NABARD

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Total allocation for the department of fisheries?

A

Rs. 2616.44 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

As per budget 2024-25, how many high yielding and climate resilient varieties of crops will be released for cultivation by farmers?

A

109 varieties by ICAR

for 32 field and horticulture

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Over the next 2 years, how many farmers will be initiated into natural farming?

A

1 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

How many need based bio-input resource centres will be established to support natural farming?

A

10,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Phase 4 of PM GSY to connect 25,000 villages with all weather roads was announced. When was PM GSY launched?

A

25 Dec 2000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

How many additional houses will be constructed under PMAY in rural and urban areas? Out of which how many will be in rural areas?

A

+3 crore
Rural: +2crore houses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

Allocation of PMAY-G?

A

Rs. 3.06 trillion
Including central share of 2.05 trillion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

Outlay for Phase IV of PM GSY?

A

Rs. 19,000 core

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

AHIDF is a part of scheme? It will be implemented till?

A

Infrastructure Development Fund (IDF)
For 3 years up to 2025-26

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

Who is not eligible for loan under AHIDF?

A

Cooperatives
They’re under IDF

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

Outlay for AHIDF?

A

Rs. 29,610.25 crore
For another 3 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

AHIDF incentivises investment in?

A
  • Dairy Processing and diversification
  • Meat processing and diversification
  • Animal Feed Plant
  • Breed Multiplication Farm
  • Animal Waste to Wealth Management (Agri-waste)
  • Vet vaccine and drug
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

A credit guarantee upto ____% of the credit borrowed from the Credit guarantee Fund will be given to ____

A

25%
to MSME and Dairy Cooperatives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

PMKMY is a central sector or centrally sponsored scheme? It was launched in the year?

Kisan Mandhan Yojana

A

Central sector
2019

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

Who is the pension fund manager for PMKMY?

A

LIC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

Economic Survey mentions MSME as the backbone of the Indian economy, contributing approximately X% of country’s GDP and Y% of manufacturing output.

A

30% of GDP
45% of Manufacturing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

Allocation of Emergency Credit Line Guarantee Scheme?

A

Rs. 5 lakh crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

The FM unveiled 5 new schemes aimed at creating substantial employment and skilling opportunities of Rs. 2L crore outlay. WRT this, identify the correct statement:
1. will provide 1 month wage to all persons entering workforce in informal sector
2. Aims for substantial hiring of first time employees in manufacturing & services
3. The government will reimburse to employers up to Rs. 3000 per month for 2yrs towards their EPFO contribution for each additional employee within a salary of Rs. 1 lakh pm

A

Only 3
1. 1 month’s salary to all first timers entering work force in all formal sectors - upto Rs. 1 lakh/month eligible - upto Rs. 15,000/m DBT in 3 installments
2. Job creation & substantial hiring in manufacturing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

Allocation for Food Subsidy is eatimated at?

A

Rs. 2,05,250 crore
3.1% decrease

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

India has shipped ____ MT of Seafood worth Rs. ____ crore during 2023-24. - imp

A

17.81L MT
Rs. 60,523.83 crore

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q

In Union Budget 2024-25, central government has allocated Rs. 6.2 trillion in the agriculture sector, which contitutes ____% of overall budget of Rs. 48.2 trillion

A

13%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
48
Q

identify the seafood item that remained the major export item in terms of value and quantity. With USA & China baing major importers. The export improved in quantity by ____?

A

Frozen Shrimp
2.67%

49
Q

What is the budget allocation for:
1. PMAY (2015)
2. Jal Jeevan Mission (2019)
3. PM-KISAN (2019)
4. Samagra shikhsha (2021)

A
  • PMAY: Rs. 84,671 crore
  • Jal jeevan Mission: Rs. 70,163 crore
  • PM-KISAN: Rs. 60,000 crore
  • Samagra Shikhsha: Rs. 37,500 crore
50
Q

What is the budget allocation for:
1. National Health Mission (2013)
2. Modified Interest Subvention Scheme (2006)
3. Saksham anganwadi & POSHAN 2.0
4. PM GSY (2000)

A
  • National Health Mission: Rs. 36,000 crore
  • Modified Interest Subvention Scheme: Rs. 22,600 crore
  • Saksham Anganwadi & POSHAN 2.0: Rs. 21,200 crore
  • PM GSY: Rs. 19,000 crore
51
Q

What is the Budget Allocation for:
1. National Livelihood Mission - Ajeevika (2011)
2. PM FBY (2016)
3. Reform Linked Distribution Scheme
4. PM Poshan Shakti Nirman (PM POSHAN 2021)

A
  • National Livelihood Mission Ajeevika: Rs. 15,047 crore
  • PMFBY: Rs. 14,600 crore
  • Reform Linked Distribution Scheme: Rs. 12,585 crore
  • PM POSHAN: Rs. 12,467 crore
52
Q

What is the Budget Outlay for:
SBM (2014) & PM KSY (2015)

A

SBM: Rs. 12,192 crore
PM KSY: Rs. 11,840 crore

53
Q

In which Employment Linked Incentive Scheme all newly joined employees in the formal sector with salary of up to Rs.1 lakh per month, will receive a direct benefit transfer of one month’s salary in 3 instalments of up to Rs.15,000 when they are enrolled in the EPFO.

A

Scheme A

54
Q

Which Employment Linked Incentive Scheme announced in the Budget aims at substantial hiring of first-time employees in the manufacturing sector

A

Scheme B

55
Q

Which Employment Linked Incentive Scheme aims to reimburse EPFO contributions paid by the applicable employers for the additional employees hired in the previous year up to Rs.3,000 per month for 2 years

A

Scheme C

56
Q

Which of the following has been mentioned int he budget regarding MSME:
1. Shift to a digital footprint-based assessment model will facilitate easier credit access for MSME, especially those without formal accounting systems
2. Increased Mudra loan limit and introduction of collateral-free credit guarantee scheme
3. Lowering the threshold for mandaotry onboarding on TReDS platform
4. Expanding SIDBI branches will ensure that MSMEs in major clusters

A

All were mentioned

57
Q

India’s fiscal deficit for FY 2024-25 is targeted at ____% of GDP, lower than previous estimates. and is targetted below ____% of GDP FY 25-26

A

4.9%
4.5%

58
Q

Fiscal Deficit is the difference between?

A

Total revenue & Total expenditure
of a government in a FY

59
Q

The government is set to reduce fiscal deficit target of 2021-22 to ____%

A

6.8%

60
Q

The country has a comfortable stock of foodgrains. ____% of it is distributed to ____ of the population free of cost

A

40% distributed to 2/3rd

61
Q

MoU between DoAFW & Department of Space to develop ____ using geospacial tech and related databases for enhancing evidence based DM capacity of all stakeholders in the agri sector. It is being developed on the lines on Gati-Shakti using RISAT-1A and VEDAS of Department of Space with integration witth MOSDAC, BHUVAN & ICAR system

A

Krishi-DSS

62
Q

Finance Minister informed that for the year 2024-25, the total receipt, other than borrowings and total expenditure are estimated at Rs. ____ lakh crore and Rs. ____ lakh crore respectively.

A

Rs. 32 lakh crore
Rs. 48 lakh crore

63
Q

A statement of receipts & expenditure of the GoI has to be laid in front of the parliament every financial year which runs from Apr 1 to Mar 31st. This statement titled ‘Annual Financial Statement’ is under the article?

A

Art 112

Budget

64
Q

Nominal GDP for FY25 is?

A

10.5%

65
Q

Budget Allocation for PM KISAN?

A

Rs. 60,000 crore

66
Q

GoI has allocated 11.11 lakh crore capex which is ____% of GDP

A

3.4% of GDP

67
Q

Special Financial Support with multilateral development agencies are provided of Rs.____ crore and more allocated for future?

A

Rs. 15,000 crore

68
Q

Telecommunication sector allocation?

A

Rs. 1.29 Lakh Crores

69
Q

Ph 4 of PMGSY will be launched to provide all-weather connectivity to ____ rural habitations and Rs. ____ has been alloted

A

25,000
Rs. 16,100 crore

70
Q

Corporate tax on foreign companies has been reduced from ____ to ____%

A

40 to 35%

71
Q

In PMAY-U, central assistance upto ____ per EWS house is provided to eligible families in EWS for individual household

A

Rs. 1.5 L

72
Q

National Ganga Mission phase 2 was launched in? it’s outlay is and covers how many states?

A

2023 under MoJS
Covers 8 states & 12 rivers
Outlay Rs. 22,500 for 5yrs

73
Q

Agriculture credit, acc to Economic Survey, has increased ____ times from 13.3 lakh to Rs. ____ crore in FY24

A

1.5X
Rs. 20.7L crore

74
Q

How many enterprises has been registered in Udyam Registration Portal and Udyam Assist Portal as of June 2024

A

4.5 crore

75
Q

Acc to Economic Survey, Indian microfinance coverage is more than ____% of households and 10% of Indian population. It’s rank globally in terms of borrowers is ____?

A

50%
2nd

76
Q

In PMAY-U 2.0 interest subsidy upto ____ is admissible for beneficiaries of EWS/LIG, MIG-1, MIG-2 for house loans.

A

Rs. 2.67 lakh/house

77
Q

Allocation of railway in Budget?

A

Rs. 25.22 L crore

78
Q

Basic customs on broodtocks for seafood shrimps has been reduced to?

A

5%

79
Q

Target acreage by 2024-25 under National Mission on Oilseeds

A

30.45 million ha

production: 20 million tonnes

80
Q

Basic customs duty for graphite, Si, Quartz and SiO2 has been reduced to?

A

2.5%

81
Q

Which neighbouring country will receive the highest aid despite decrease?

A

Bhutan

Despite 14% decrease

82
Q

When was CGTMSE launched?

Credit Guarantee Fund Trust for Micro & Small Enterprise

A

Aug 2000

83
Q

The corpus of CGTMSE (2000) is being contributed by and in the ratio of?

A

GoI & SIDBI
4 : 1

84
Q

Corpus of CGTMSE has been enhanced to?

Credit Guarantee Fund Trust for Micro and Small Enterprises

A

Rs. 2519.955 crore

85
Q

Total allocation for capex has been raised significantly by ____% to reach a substantial allocation of Rs. ____ lakh crore in the interim budget 24-25. India’s capex almost doubled in 3 yrs from FY22-25

A

11.1

86
Q

Allocation for MoSJE?

A

Rs. 14,225.5 crore

87
Q

Ujjwala Yojana was launched in? It’s allocation is?

A

2016
Rs. 9,094 crore (unchanged)

88
Q

Ujjwala Yojana is by which ministry? It’s aim to cover?

A

MoPNG
Cover 80 million households - 103.2 million connections

89
Q

Smart City Mission was launched in? How many cities are chosen init? It has been extended till?

A

June 2015
100 cities
Extended March 2025

90
Q

Acc to Economic Survey, gig workforce is exected to expand to ____ crore by 2029-30

A

2.35 crore

91
Q

Model skill loan scheme is by which ministry?

A

MSDE

92
Q

Acc to budget, the Model Skill Loan Scheme by MSDE, will be revised to facilitate loans upto Rs. ____ with a guarantee from a government promoted fund

A

Rs. 7.5 L

93
Q

Acc to the Economic Survey, the shares of agri, industry and service sector in overall GVA in FY24 were?

A

Agri: 17.7%
Industry: 27.6%
Service: 54.7%

94
Q

Acc to economic survey Food Inflation went from 6.6% in FY23 to ____% in FY24

A

7.5%

95
Q

Agri growth rate fallen to ____% in 2023-24 from 4.7% in 2022-23 due to the El Nino effect

A

1.4%

96
Q

As per Economic Survey, India is the ____ producer of milk and the ____ producer of fruits, vegetables & sugar

A

Largest
2nd largest

97
Q

Contribution of the service sector to the country’s total exports in FY24?

A

44%

98
Q

External debt as a ratio of GDP stood at ____% at March-end 24

A

18.7%

99
Q

Ratio of foreign exchange reserves to total debt stood at ____% as of Mar

A

97.4%

100
Q

Remittances to India were the ____ largest source of funding after?

A

2nd largest
after service exports

101
Q

The growth projected at FY24-25 is ____ than the economic growth rate of 8.2% estimated for previous FY

A

lower

102
Q

Fiscal deficit is down from 6.4% of GDP to ____% of GDP in FY24

A

5.6%

103
Q

Internal rural to urban migrants are?

A

18%

104
Q

In the new scheme in street markets announced in the ‘24 Budget, development of how many weekly haats or Street food hubs will be supported every year for the next 5 years?

A

100

105
Q

Acc to Union Budget ‘24, Transit Oriented Development Plans for 14 large cities with population above ____ lakhs has been planned

A

30 lakhs

106
Q

Fund Allocation for NHAI and for Highways & expressways, in the budget

A

NHAI: Rs. 1.68L crore
Highways & Expressways: Rs. 2.78L crore

1 crore more

107
Q

India’s stock market capitalisation to GDP ratio ranks? It is aka

A

5th globally
Buffet indicator

108
Q

Top 5 countries in Buffett Indicator?

Stock market capitalisation to GDP

A

US > China > Japan > Hong Kong > India

109
Q

A new 2400 MW power plant will be established in ____

A

Pirpainti, Bihar

110
Q

Under AB PM JAY ____% of beneficiaries are women

A

49%

111
Q

India’s pharmaceutical market valued at $____, which is world’s ____ largest by market vol

A

$5 bn
3rd largest

112
Q

Acc to the Economic Survey, the Service Sector cntributes about ____% of the total economy and India is ranked the ____ largest service exporter

A

55%
5th largest

Top EU, US, UK, China

113
Q

Services export accounted for ____% of India’s total export

A

44%

114
Q

Security Transactions Tax (STT) on futures and options of securities is proposed to be increased to?

A

0.02% and 0.1% respectively

115
Q

The new Securities Transactions Tax will be effective from?

A

Oct 1 2024

116
Q

PM’s Package (4th scheme) aims to skill ____ lakh youth over a period of 5 yrs. ____ industrial training institutes will be upgraded in the hub & spoke arrangement with outcome orientation

A

20 lakh youth
1,000 ITI

117
Q

Expenditure and Receipts of the nation

A

Expenditure: Rs. 48.21 lakh crore
Receipts: Rs. 32.07 lakh crore

118
Q

Indian railway capex allocation?

A

Rs. 2.62 lakh crore

IRDAI CA 2024 (12 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions