Budget 2023 Most Important Question Answer in English

You people will get to see the number 10 of Budget 2023 Most Important Question Answer below here.

Alert : The answer to the question is often shown in red.

Q. With reference to the Union Budget 2023-24, which of the following are part of the Saptarishi Mantra:

1. Inclusive development

2. Reaching the last mile

3. Infrastructure and investment

4. Unleashing the potential

5. Green growth

6. Youth power

7. Financial sector

Select the correct code given below.

1. 1, 2, 3 and 4 only
2. 2, 3 and 4 only
3. 1, 2, 3, 4, 5, 6 and 7 only
4. 3, 4, 5, 6 and 7 only

 

Q. With reference to Union Budget 2023-24, consider the following statements regarding Fiscal Management:

1. In 2023-24, the fiscal deficit is estimated to be 5.9% of the GDP.

2. Targeted Fiscal Deficit to be below 4.5% of the GDP by 2025-26.

3. Fiscal Deficit of 3.5% of Gross State Domestic Product for states including 50 basis points linked to power sector reforms.

Which of the above statements are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

 

Q. As mentioned in the Budget 2023-24, consider the following statements regarding Sickle Cell Anaemia:

1. It is a genetic disorder of the blood having sickle-shaped haemoglobin.

2. Indian targets to eliminate sickle cell anaemia by 2047.

Which of the above statements is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

 

Q. Which of the following statement is incorrect regarding Forex Reserve as mentioned in Economic Survey 2022-23?

1. India’s forex reserves at a level of $563 billion in December 2022.
2. Import Cover of over 9 months
3. India is the sixth largest foreign exchange reserves holder in the world as of November 2022 data
4. The current stock of external debt is higher than the comfortable level of foreign exchange reserves

 

Q. Which of the following has been proposed in the Union Budget 2023:

1. PM Vishwakarma Kaushal Samman

2. Agriculture Accelerator Fund

3. PM – PRANAM

Select the correct code given below.

1. 1 and 2 only
2. ​2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

 

Q. With reference to Economic Survey 2022-23, consider the following statements regarding Climate Change:

1. Carbon stock in forests in India has increased in the last decade.

2. Mangrove species along the east coast and west coast of India are likely to reduce and shift landward by 2070 due to a decline in suitable habitats in response to precipitation and sea level changes.

3. Investment in Renewable been on the rise year-on-year in the last 5 years.

Which of the following statement is/are incorrect?

1. 1 only
2. 1 and 3 only
3. 3 only
4. 2 only

 

Q. Consider the following new Income Tax slabs as proposed in the Union Budget 2023-24:

S.No	Income Slab(Rs.)	Tax Rate
1.	0 – 3 lakh	nil
2.	3 – 6 lakhs	5%
3.	6 – 9 lakhs	10%
4.	9 – 12 lakhs	15%
5.	12 – 15 lakhs	20%
6.	Above Rs. 15 lakhs	30%

How many of the above pairs are correctly matched?

1. Two Pairs only
2. Three Pairs only
3. Four Pairs only
4. All the Pairs

 

Q. With reference to the Economic Survey 2022-23, consider the following statements regarding Health Sector:

1. Out-of-pocket expenditure is higher than the Government shares of spending.

2. In the last 8 years Out-of-pocket expenditure has progressively decreased.

3. Central and State governments’ budgeted expenditure on the health sector reached 2.1% of the GDP in the Budget estimates for 2022-23 

Which of the above statements are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

 

Q. With reference to Economic Survey 2022-23, consider the following statements regarding Social Sector:

1. The social sector expenditure increased to ₹21.3 lakh crore in FY-23 (BE) from ₹9.1 lakh crore seven years ago.

2. Unemployment rates declined from 5.8% in 2018-19 to 4.2% in 2020-21.

Which of the above statements is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

 

Q. With reference to Economic Survey 2022-23, consider the following statements regarding Tax Buoyancy:

1. Tax buoyancy defines the relationship between the changes in the government’s tax revenue growth and the changes in GDP.

2. A higher buoyancy reflects the increased efficiency of the tax system.

3. Goods and Services Tax(GST) collection is showing a higher buoyancy than the pre-GST system.

Which of the above statements is/are correct?

1. 1 only
2. 1 and 3 only
3. 1, 2 and 3
4. 3 only