Unit-4

Question 1

Capital expenditure in 2024-25

Answer 1

11.11 L Cr(3.4% of GDP)
11.1% more than prev yr

Question 2

Tax buoyancy(pre-gst, post-gst)

Answer 2

0.72
1.22

Question 3

Fiscal defict in 2024-25

Answer 3

4.9%

Question 4

NITI Aayog Hubs(2)

Answer 4

Team India Hub
Knowledge & innovation Hub

Question 5

FRBM act requires govt to lay 3 policy statements in plmt each financial yr

Answer 5

• Macroeconomic Framework Statement
• Medium-term Fiscal Policy cum Fiscal Policy strategy Statement
• Medium-term Expenditure Framework Statement

Question 6

Escape clause(trigger mechanism) in FRBM act

Answer 6

Section 4(2) during war, national calamity, structural reforms, agri o/p collapse etc

Question 7

Quote on budget

Answer 7

The Budget is not just a collection of numbers, but an expression of our values & aspirations( Jacob J Lew)

Question 8

India’s FDI equity in FY24

Answer 8

India’s FDI equity inflow at five-year low of $44 billion in FY24

Question 9

Budget 9 pillars

Agriculture(mnemonic)

Answer 9

CSR DON

Question 10

FRBM act 3 statements

Answer 10

1. Med term fiscal policy cum fiscal policy strategy statement
2. Med term expenditure framework
3. Macroeco framework statement

Question 11

Defence fund in 15th FC

Answer 11

MFDIS(Modernization Fund for Defence & Internal Security)

Question 12

Trigger mechanism/escape clause in FRBM act

Answer 12

Section 4(2)