Budget 2024 Current Affairs MCQ with Answers

The Budget 2024-2025, growth-oriented, sustainable, and socially welfare-based, has the core objective of fostering momentum towards higher economic recovery through enhanced capital expenditure. It makes investments in infrastructure projects such as road, railways, and renewable energy while further strengthening support to sectors such as agriculture, healthcare, and education, with better access and quality.

Tax reforms embrace streamlining compliance and broadening the tax base while keeping a focus on fiscal responsibility. Other initiatives that encourage digitalization and innovation are also noted to create a friendly environment for startups and technology firms.

Social welfare programs will be enhanced, especially to vulnerable populations, with the aim of upgrading living standards. The budget also focused green initiatives along with strategies on carbon reduction; thus, its overall direction has directed to both economic growth and social equity vis-à-vis responsibility towards the environment.

Important Budget MCQs

Q1. Recently Who Has presented the Union Budget 2024-25 In Parliament?
A. V Anantha Nageshwaran
B. Nirmala Sitharaman
C. Smiriti Irani
D. Draupadi Murmu
Ans : B
Nirmala Sitharaman : Finance Minister → Presented Her 7th Union Budget @ Parliament

Most Time Budget Presented By : Morarji Desai → 10 Times

Budget 2024-2025

• Budget : Is an annual financial statement

• Presented by : Finance Minister @ Parliament (Nirmala Sitharaman)
• It Estimates The Govt’s → Revenue & Expenditure For Upcoming FY
• Nodal Body For Preparing Budget → Division of the Department of Economic
  Affairs {In The Ministry of Finance}
  Constitutional Provision
• Article 112 : Union Budget » Referred As → Annual Financial Statement
• First Union Budget of Independent India : Presented By RK Shanmukham
  Chetty @ 26 Nov 1947

Q2. There are How many segments (Castes ) focused in budget 2024?
A. 4
B. 5
C. 6
D. 7

Ans: A

Q3. There Are How Many Key Priorities In The Budget 2024-25?
A. 4
B. 6
C. 7
D. 9
Ans : D

Q4. The government will enable Jan Samarth-based Kisan Credit cards in how many States?
A. 5
B. 6
C. 7
D. 8

Ans: A

Using » Digital Public Infrastructure (DPI)

• Digital crop survey For Kharif Using DPI → To be taken in 400 districts
• Issuance of Jan Samarth based Kisan Credit Cards In 5 States

Q5. How many New high-yielding and climate-resilient varieties of 32 field and horticulture crops will be provided to the farmers?
A. 100
B. 109
C. 111
D. 115

Ans: B

OTHER POINTS
For Agriculture & allied sectors in FY25

• Total Allocation → ₹ 1.52 lakh Crore
  For Natural Farming
• Govt will establish→ 10,000 need-based Bioinput research center
  Shrimp Production & Export
• Financing for Shrimp farming, processing and export will be facilitated
  through → NABARD

Q6. Govt allocated ₹_____ lakh cr for education, employment, skill?
A. 1.00 Lakh Cr
B. 1.48 Lakh Cr
C. 2.00 Lakh Cr
D. None

Ans : B

OTHER POINTS
Skilling Programme

• 20 lakh youth will be skilled over a 5-year period.
• 1,000 Industrial Training Institutes will be upgraded in hub
  Education Loans
• GOVT will provide education loans of Rs10 lakh for higher education
  For Promoting Women-led Development
• ₹ 3 lakh crore+ allocated → For schemes benefitting » women and girls

Q7.To achieve Viksit Bharat goal, govt to formulate plan Purvodaya for How many States?
A. 4
B. 5
C. 7
D. 9
Ans : B
Purvodaya: Vikas Bhi Virasat Bhi

For Generation Of Economic Opportunities In 5 Eastern States

• Andhra Pradesh
• Bihar
• Jharkhand
• West Bengal
• Odisha

Q8. How many branches of India Post Payment Bank will be set up in the North East region?
A. 100+
B. 200+
C. 5000
D. 390

Ans : A

OTHER POINTS
Pradhan Mantri Janjatiya Unnat Gram Abhiyan

• To be launched for improving the socio-economic condition of tribal
  communities
• It Will Cover → 63,000 villages benefitting 5 crore tribal people
  Andhra Pradesh Reorganization Act
• Financial support of → ₹15,000 Cr will be arranged in FY 24-25

Q9. The limit of Mudra loans will be enhanced to ₹ __ lakh from the current ₹ 10 lakh under TARUN Category?
A. 20 Lakhs
B. 30 Lakhs
C. 40 Lakhs
D. None
Ans : A
PMMY (PM Mudra Yojna)

• Launched : 8 April 2015
• Aim : To Provide Loans Upto 20 Lakhs To The Noncorporate
  & Non-farm small/micro-enterprises
  Type of PMMY Loan

1. Shishu : ₹50,000↓ Loan 2. Kishorr : ₹50K To
   ₹5 Lakh
2. Tarun : Upto 20 Lakhs (Now)

Q11. FM Sitharaman proposed ₹_ lakh crore allocation under Pradhan Mantri Awas Yojana 2.0?
A. 10
B. 20
C. 30
D. 50
Ans : A
It Will Cover → 1 Cr urban poor and middle-class families

• Central Govt’s assistance → ₹ 2.2 lakh crore in next 5 years

---

• Pradhan Mantri Awas Yojana – Urban
• Launched : 2015
• Aim : To Provide Housing For All → In Urban Areas By » 2024 {1st Target 2022}
• Implemented By: Ministry Of Housing and Urban Affairs

Q12. Under the PM SVANidhi Scheme How many weekly ‘haats’ or street food hubs will be established?
A. 70
B. 80
C. 100
D. 200
Ans : C
PM SVANidhi Scheme {PM Street Vendors AtmaNirbhar Nidhi}

By : M/o Housing & Urban Affairs

Launched : @ 2020

Q13. Govt will provide _______Units Free electricity Under ’PM-Surya Ghar: Muft Bijli Yojana’ ?
A. 200
B. 300
C. 450
D. 555
Ans : B

PM-Surya Ghar: Muft Bijli Yojana

• Launched For → For installing rooftop solar panels
• Providing → Free electricity up to 300 units every month for 1 Cr households

OTHER POINTS
Nuclear Energy

• The government will partner with the private sector for

1. Setting up Bharat Small Reactors
2. Research & development of Bharat Small Modular Reactor
   NTPC and BHEL

• Will Setup → Advanced Ultra Super Critical (AUSC) Thermal
  Power Plant
• Capacity → 800 MW

Q14. The government has allocated ₹_____ crore for infrastructure?
A. 10 Lakh Cr
B. 11.11 Lakh Cr
C. 12 Lakh Cr
D. None

Ans : B

OTHER POINTS
Following road connectivity projects to be developed at the cost of
₹26,000 Cr

1. Patna-Purnea Expressway
2. Buxar-Bhagalpur Expressway
3. Bodhgaya, Rajgir, Vaishali & Darbhanga spurs
4. Additional 2-lane bridge over river Ganga ot Buxa

Q15. What Will Be The Fiscal Deficit For FY2024-25?
A. 4.9%
B. 4.9%
C. 6.2%
D. 7.2%
Ans : B

Fiscal Deficit

1. For 2023-24 → 5.9%
2. For 2024-25 → 4.9%

• Fiscal Deficit : Total Expenditure – Total Revenue

Budget Estimates 2024-25

• Total receipts other than borrowings and the Rs 32.07 lakh crore
• Total expenditure → Rs 48.21 lakh crore
• Net tax receipts are estimated → Rs 25.83 lakh crore
• Fiscal deficit is estimated at → 4.9% of GDP
• The gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.01 lakh crore and Rs 11.63 lakh crore respectively.

Also Read: Famous Temples in India MCQ GK Quiz

Visit Studyhe.com. for more.