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GK CA > UNION budget fy22 > Flashcards

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

A

9.5 %

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?

A

SEBI

25
Q

Total outlay for agriculture+rural sector budget allocated

A

16.5 Lakh Crore

26
Q

Agri infra cess on alcohol beverages?

A

100%

27
Q

deep ocean mission

A

4000 crore over 5 years

28
Q

1000 crore allocated for tea workers of which state?

A

assam And west bengal

29
Q

Total budget for fy22

A

34.83 crore

30
Q

CAPITAL expenditure total?

A

5.54 Lakh crore

31
Q

Defence budget?

A

4.78 lakh crore

32
Q

Biggest source of revenue for FY22 ?

A

Borrowing and liabilities» GST» Income tax

33
Q

BIggest expenditure of Fy22

A

Interest payment

34
Q

what percentage of union budget to Aatma nirbhar abhyan ?

A

15%

35
Q

Ministery of defence

A

4.78 lakh crore

36
Q

health sector

A

73k crore

37
Q

what takes up maximum portion of payments and by what percent?

A
  • Interest payments- 20%
38
Q

least portion of rupee payments?

A

Pensions- 5%

39
Q

Maximum percentage of tax revenues are from ?? and what percent do they contribute to govt earning

A

GST - and they are 15% of total govt earning

40
Q

Tax that contributes the least to revenue

A

Customs-3%

41
Q

wwhat is the percentage of borrowing and liabilities

A

36%

42
Q

income tax contribution is what % of govt earnign

A

14%

43
Q

union govt spending on education?

A

3.5%

44
Q

which countries will india partner with for skill development and recognition?

A

UAE and Japan

45
Q

road length added to indian railway each day ?

A

22km

46
Q

the scheme under which world class infrastructure will be created in textile sector

A

MITRA

47
Q

dedicated sum for COVID vaccine only

A

35k crore

48
Q

percentage of gdp for health secotr?

A

1.8%

49
Q

total budget allocation?

A

34.83

50
Q

what are the words used in the indian constitution instead of union budget?

A

Annual Financial report

- in article 112

51
Q

wwho are the prime ministers that have presented the union budget?

A

Jawaharlal nehru
Rajeev gandhi
Indira gandhi

52
Q

who presented the first union budget of independant india and when?

A

1947- by RK shanmukhan Chetty

53
Q

who has presented the budget the most no. of times?

A

Morarji Desai- 10 times

54
Q

Interim budget aka?

A

MINI BUDGET

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GK CA (25 decks)

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