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UNION budget fy22 Flashcards

1
Q

Total estimate of all relief package announced by govt + rbi

A

25L crore+

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2
Q

what percentage of GDP is allotted to relief package?

A

13% of gdp (25L crore)

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3
Q

PM aatmanirbhar SWASTH Bharat fund over– years?

A

64,180 crore- over 6 years

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4
Q

Urban SWACH bharat mission- over how many years?

A

1,41k CRORE over 5 years

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5
Q

Jal Jeevan fund?

A

2.8 L crore

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6
Q

Vehicles will undergo fitness tests after?

A

Private vehicles - 20 years,

Commercial Vehicles- 15 years

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7
Q

How many mega investment textile parks to be established over 3 years?

A

7 new parks

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8
Q

Budget proposals for 21-22 stands over how many pillers?

A

6 pillars

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9
Q

what are the pillars of the union budget?

A
  1. Health and well being,
  2. physical and financial capital and infrastruture,
  3. Minimum govt and Maximum Goovernnce,
  4. Inclusive development for aspirational india,
  5. Reinvigorating Human Capital,
  6. Innovation and R&D
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10
Q

Fy22 capital expenditure is increased by what percentage compared to previous?

A

34.5% (aka 5.54 Lakh crore)

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11
Q

Length of national highway work planned at Tamil Nadu of 1.3 Lakh Crore is of what length?

A

3500 KKM

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12
Q

road transport and highway ministry allocated?

A

1.18 Lakh Crore

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13
Q

Finance minister allocated how much for discoms?

A

3 Lcrore

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14
Q

which energy mission was launched for 2021-22?

A

Hydrogen energy mission

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15
Q

what is the ujjwala scheme

A

scheme that gives free LPG to people, has extended to supply to 1 crore more

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16
Q

FDI limit for insurance increased to?

A

from before’s 49% now to 74%

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17
Q

what is ARC

A

Asset Redrisbution Companies- for bad loan management

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18
Q

incentive for what type of Start ups?

A

1 person companies

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19
Q

how much amount was paid to farmers for wheat procurement in 20-21?

A

75,000 cr

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20
Q

Disinvestment target for FY22?

A

1.75Lakh Crore Disinvestment includes 2 Public Sector Banks and Air India

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21
Q

fiscal deficit pegged for 21-22

A

6.8%

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22
Q

what was fiscal deficit of 20-21

23
Q

govt wants to go down to 4.5% fiscal deficit by which year?

A

FY26 aka 2025-2026

24
Q

Regulator for gold exchange?

25
Total outlay for agriculture+rural sector budget allocated
16.5 Lakh Crore
26
Agri infra cess on alcohol beverages?
100%
27
deep ocean mission
4000 crore over 5 years
28
1000 crore allocated for tea workers of which state?
assam And west bengal
29
Total budget for fy22
34.83 crore
30
CAPITAL expenditure total?
5.54 Lakh crore
31
Defence budget?
4.78 lakh crore
32
Biggest source of revenue for FY22 ?
Borrowing and liabilities>> GST>> Income tax
33
BIggest expenditure of Fy22
Interest payment
34
what percentage of union budget to Aatma nirbhar abhyan ?
15%
35
Ministery of defence
4.78 lakh crore
36
health sector
73k crore
37
what takes up maximum portion of payments and by what percent?
- Interest payments- 20%
38
least portion of rupee payments?
Pensions- 5%
39
Maximum percentage of tax revenues are from ?? and what percent do they contribute to govt earning
GST - and they are 15% of total govt earning
40
Tax that contributes the least to revenue
Customs-3%
41
wwhat is the percentage of borrowing and liabilities
36%
42
income tax contribution is what % of govt earnign
14%
43
union govt spending on education?
3.5%
44
which countries will india partner with for skill development and recognition?
UAE and Japan
45
road length added to indian railway each day ?
22km
46
the scheme under which world class infrastructure will be created in textile sector
MITRA
47
dedicated sum for COVID vaccine only
35k crore
48
percentage of gdp for health secotr?
1.8%
49
total budget allocation?
34.83
50
what are the words used in the indian constitution instead of union budget?
Annual Financial report | - in article 112
51
wwho are the prime ministers that have presented the union budget?
Jawaharlal nehru Rajeev gandhi Indira gandhi
52
who presented the first union budget of independant india and when?
1947- by RK shanmukhan Chetty
53
who has presented the budget the most no. of times?
Morarji Desai- 10 times
54
Interim budget aka?
MINI BUDGET | VOTE ON ACCOUNT

GK CA (25 decks)

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