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WorksheetsUnion Budget 2022-23
Total questions: 76
Worksheet time: 38mins
The Government presented the Union Budget of India 2022 also referred to as the Annual Financial Statement in Article 112 of the Constitution of India on the first day of February. Until ___________ it was presented on the last working day of February by the finance minister in Parliament.
2016
2017
2015
2018
2014
Budgeted Estimate (BE) of total expenditure in FY 2022-2023 is ________________ as compared to Revised Estimate (RE) of Rs 37,70,000 cr in FY22. This is an increase of _________ over the RE of 2021-22.
Rs 37,50,305 cr, 4.6%
Rs 37,70,000 cr, 5.2%
Rs 39,44,909 cr, 4.6%
Rs 39,90,100 cr, 5.2%
Rs 38,28,250 cr, 4.4%
How much Fiscal Deficit (as % of GDP) is projected in the Union Budget 2022-23 for FY23?
7.3%
7.5%
6.9%
6.4%
6.7%
How much worth of total receipts (other than borrowings) were estimated for FY 2022- 2023?
Rs 22,83,713 cr
Rs 21,78,911 cr
Rs 34,83,236 cr
Rs 27,39,163 cr
None of these
Consider the following statements regarding Capital expenditure (Capex) in Union Budget 2022-23:
1. Government has made highest allocation to capex till date.
2. It is more than double of the outlay in 2019-2020.
3. Effective Capital Expenditure’ of the Central Government is estimated to be 4.1% of GDP.
Which of the statements given above is/are correct?
1 and 2 only
1 and 3 only
2 and 3 only
2 only
All of the above
Consider the following statements about PM Fasal Bima Yojana.
1. The scheme was compulsory for all farmers for notified crops in an area.
2. The prescribed premium is 5% to be paid by farmers for all notified crops.
3. It provides a comprehensive insurance cover against failure of the crop thus helping in stabilising the income of the farmers.
Which of the statement/s given above is/are not correct?
1 and 2 only
2 and 3 only
1 and 3 only
1 only
None of these
The Union Minister for Finance & Corporate Affairs, Smt. NirmalaSitharaman tabled the Union Budget 2022-23 in Parliament on February01, 2022. Union budget 2022-23 was ___________ union budget of India.
90th
91th
92nd
93rd
94th
Which of the following Ministries has been allotted Rs. 1403.67 Billion in the union budget 2022-23?
Ministry of Communications
Ministry of Railways
Ministry of Home Affairs
Ministry of Road Transport and Highways
Ministry of MSME
How much amount (in Billion) is allocated to the Ministry of Road, Transport and Highways in the Union Budget 2022-23?
Rs. 1991.07
Rs. 1054.07
Rs. 8991.07
Rs. 2176.67
Rs. 5251.66
Effective Capital Expenditure of the Central Government is estimated at what percent of GDP?
4.1%
4.2%
4.3%
4.4%
4.5%
As per the Union Budget 2022-23, which among the following portals will be interlinked and their scope will be widened?
Udyam, e-Shram, NCS and RBI
Udyam, e-Shram, NSDL and ASEEM
Udyam, e-Shram, NCS and ASEEM
Udyam, UIDAI, NCS and ASEEM
Udyam, NABARD, NCS and ASEEM
The new “Vibrant Villages Programme” will cover the development of villages on the ____________.
Northern Border
Southern Border
Eastern Border
Western Border
None of these
As per the Budget 2022-2023, ___________ of 1.5 lakh post offices to come under Core Banking System in 2022.
25%
50%
75%
100%
None of these
As per the Budget 2022-23 presented by the Finance Minister Nirmala Sitharaman the government will establish the “Centre for Processing Accelerated Corporate Exit (C-PACE)” for speedy winding-up of companies from the currently required 2 years to less than _____ months.
One
Two
Six
Four
Five
As per the Union Budget 2022-2023, the government will promote thematic funds for blended finance with the government’s share being limited to _______ to encourage important sunrise sectors.
25%
20%
15%
30%
10%
Which of the following will be set up in the GIFT City for timely settlement of disputes under international jurisprudence?
International Committee
International Court
International Council
International Arbitration Centre
None of these
As per the union Budget 2022-2023, How much % of annual collections under the Universal Service Obligation Fund will be allocated to promote R&D and commercialization of technologies and solutions?
7%
5%
4%
8%
3%
According to Union Budget 2022-23, Which of the following is Correct regarding road transport?
National Highways Network to be expanded by 5000 Km in 2022-23.
Rs 40000 Crore to be mobilized for National Highways Network expansion.
Multimodal Logistics Parks
Contracts to be awarded through public mode in 2022-23 for implementation of Multimodal Logistics Parks at four locations
None of these
Which Central Government Ministry has observed the highest annual increase in budgetary allocation for FY23 over RE2021-22?
Ministry of Defence
Ministry of Consumer Affairs, Food and Public Distribution
Ministry of Jal Shakti
Ministry of Communications
None of these
Ministry of Defence has the highest allocation in 2022-23, at ______________. It accounts for _______ of the total budgeted expenditure, followed by Consumer Affairs, Food and Public Distribution, Road Transport and Highways, and Home Affairs.
Rs 5,25,166 crore, 13.3%
Rs 5,25,166 crore, 11.3%
Rs 5,27,194 crore, 11.3%
Rs 5,27,194 crore, 13.3%
Rs 5,21,138 crore, 12.7%
For which Central Government scheme, the highest allocation of funds is proposed in the Union Budget of FY23?
POSHAN 2.0
MGNREGS
PM-KISAN
AMRUT
None of these
Which of the following is not the component of part A of the Union Budget 2021-22?
Health and Wellbeing
Innovation and R&D
Ease of taxation
Reinvigorating Human Capital
Physical & Financial Capital, and Infrastructure
PM GatiShakti has received it’s first-ever outlay of Rs 20,000 crore in FY23 for integrated planning and coordinated implementation of infrastructure connectivity projects. It is premised upon 7 parameters. Which of the following is not among the 7 parameters mentioned above?
Roads
Railways
Waterways
Mass Transport
Digital Infrastructure
How much amount is budgeted towards welfare of women in BE 2022-23?
Rs 80,003 cr
Rs 1,71,006 cr
Rs 1,39,956 cr
Rs 87,473 cr
None of these
Which of the following is a part of the 4 prioritized sectors of FY23 budget?
Education advancement
Inclusive Development
Technological Development
Women Empowerment
None of these
The concept of ‘One Station One Product’ concept will help local businesses & supply chains. ___________ of railway network to be brought under Kavach with the indigenous world class technology and capacity augmentation in 2022-23. _________ new generation Vande Bharat Trains to be manufactured during the next three years.
2000 Km, 400
2500 Km, 400
2000 Km, 500
2500 Km, 500
2500 Km, 450
National Ropeways Development Program, Parvatmala will be taken up on PPP mode(public-private partnership ) for ecologically sustainable alternative to conventional roads in difficult hilly areas. Contracts to be awarded in 2022-23 for _______ ropeway projects of ____________ length.
8, 60 Km
10, 60 Km
10, 50 Km
8, 50 Km
10, 75 Km
How many locations will be covered under the Multi-Modal Logistics Parks (MMLPs)?
4
5
6
7
3
How much amount has been allocated towards the India’s first river interlinking project, connecting Ken river in Madhya Pradesh with Betwa in Uttar Pradesh?
Rs 40,000 cr
Rs 44,605 cr
Rs 50,855 cr
Rs 55,600 cr
None of these
The Ken-Betwa Link Canal will be ___________ long, including a 2-km long tunnel. It foresees the transferring water from the Ken River to the Betwa river, both tributaries of the Yamuna.
229 km
225 km
221 km
233 km
217 km
Under Phase-I, one of the components — ‘Daudhan dam’ on the Ken river in Madhya Pradesh’s Chhatarpur district, inside the Panna Tiger Reserve and its appurtenances like Low Level Tunnel, High Level Tunnel, Ken-Betwa link canal and Power houses will be completed. Panna Tiger Reserve was included in the global network of biosphere reserves by the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in ___________.
2020
2021
2019
2018
2017
What is the full form of DESH-Stack, an e-portal that’s launch was announced during Union Budget?
Digital Ecosystem for Space and Housing
Digital Ecosystem for Skilling and Livelihood
Digital Era for Space and Life
Digital Education in Science and Law
Digital Ecosystem for Skilling and Housing
One class-One TV channel’ programme of PM eVIDYA to be expanded to ________ TV channels from 12 to provide supplementary education in regional languages for classes _________
200, 1-12
100, 3-8
200, 6-12
150, 3-8
100, 1-12
What is the allocation towards education in the Union Budget of 2023?
Rs 1,01,300cr
Rs 1,12,000cr
Rs 1,08,189cr
Rs 1,04,278cr
None of these
National Tele Mental Health programme will be included with a network of ______ tele mental health centres of excellence. NIMHANS will be the nodal centre, and ______________ will provide technological support for this mental health programme.
23, IIIT Bangalore
25, IIIT Allahabad
28, IIIT Bhubaneswar
21, IIIT Hyderabad
27, IIIT Lucknow
How much funds has been allocated in 2022-23 to provide running tap water for every household?
Rs 30,000cr
Rs 45,000cr
Rs 60,000cr
Rs 70,000cr
None of these
How much funds have been allocated under the PM Awas Yojana in 2022-23?
Rs 48,000cr
Rs 37,383cr
Rs 25,000cr
Rs 51,689cr
None of these
How much percentage of the capital procurement budget has been earmarked for domestic industry in 2022-23 to reduce the imports in equipment for the armed forces?
68%
49%
54%
72%
59%
PARIVESH, a single window portal for all green clearances was launched in ___________, will now be expanded, to provide information to the applicants. It will enable application for all four approvals through a single form, and tracking of the process through Centralized Processing Centre-Green (CPC-Green)
2018
2019
2017
2020
2016
As per the proposal in the Union Budget which entity will be set up for speedy winding-up of companies?
Centre for Processing Accelerated Corporate Exit
Centre for Winding up of Corporate
Centre for Corporate Liquidation Process
Centre for Corporate Closure
None of these
_____________ compliances were reduced and _________ Union laws were repealed towards strong commitment for ‘minimum government & maximum governance’, our trust in the public, and ease of doing business (EODB).
25,000 & 1486
20,000 & 1864
25,000 & 1468
25,000 & 1684
20,000 & 1846
Unique Land Parcel Identification Number (ULPIN) for IT-based management of land records. The adoption or linkage with National Generic Document Registration System (NGDRS) with the ‘One-Nation One-Registration Software’ will be promoted. How many digits are there in the ULPIN?
14
12
9
10
13
In which year that the Central Government plant to complete the laying optical fibre in all villages under the Bharatnet project?
2022
2023
2024
2025
None of these
How much additional allocation will be provided for PLI for manufacturing of high efficiency solar modules/Solar Photovoltaics (PV)?
Rs 12,000cr
Rs 39,449cr
Rs 22,044cr
Rs 19,500cr
Rs 23,100cr
The capital expenditure proposed for public investment by the Central Government is how much percent of GDP?
1.8%
2.9%
3.2%
3.8%
2.5%
The amount raised from 10,000 crores to __________ crores towards the ‘Scheme for Financial Assistance to States for Capital Investment’.
Rs 12,000cr
Rs 14,000cr
Rs 15,000cr
Rs 16,000cr
Rs 13,000cr
The collections from income tax are expected to increase by 14% in 2022-23 to _______________. While the collections from taxes on companies are expected to increase by 13% in 2022-23 to Rs 7,20,000 crore.
Rs 6,60,000cr
Rs 5,61,000cr
Rs 7,00,000 cr
Rs 6,00,000 cr
Rs 7,50,000 cr
The disinvestment target for 2022-23 is _____________.
Rs 80,000 crore
Rs 65,000 crore
Rs 70,000 crore
Rs 75,000 crore
Rs 60,000 crore
Which new section is proposed to be included in Section 139 under the Income Tax Act, 1961 for the introduction of updated return?
sub-section (6C)
sub-section (8A)
sub-section (7B)
sub-section (5E)
None of these
Alternate Minimum Tax paid by cooperatives brought down from 18.5% to 15%. It has also proposed to reduce co-operative surcharge from 12% to _______ for those having total income of more than Rs 1 crore and up to Rs 10 crores.
7%
9%
10%
5%
8%
In order to bring State Government employees at par with central government employees, the tax deduction limit increased from 10% to _______ on employer’s contribution to the NPS account of state government employees.
16%
13%
15%
14%
12%
By which date, the last date for commencement of manufacturing or production by new domestic manufacturing companies is extended?
March 31, 2023
March 31, 2024
July 1, 2023
July 1, 2024
September 2023
Section 115BAB of IT ACT 1961 provides an option of concessional rate of taxation at the rate of _________ for new domestic manufacturing companies, provided that they do not avail themselves of any specified incentives.
15%
10%
20%
25%
5%
To undertake reforms in Customs Administration of SEZ, which of the following law will be replaced with new legislation?
SEZ Amendment Rules, 2013
SEZ ACT, 2005
SEZ Rules, 2006
SEZ Amendment Rules, 2010
None of these
To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of ___________ from October 1, 2022.
Rs2/ litre
Rs3.5/ litre
Rs2.5/ litre
Rs1.5/ litre
Rs3/ litre
Customs duty on cut and polished diamonds and gemstones is being reduced to ______. To disincentivize import of undervalued imitation jewellery, the customs duty on imitation jewellery is being prescribed in a manner that a duty of at least __________ per Kg is paid on its import.
5%, 400
4%, 400
4%, 500
5%, 300
5%, 500
____________ has been allocated for COVID-19 vaccines in the Union Budget 2022-23.
₹1,000 crore
₹2,000 crore
₹5,000 crore
₹7,500 crore
₹10,000 crore
Union Budget ___________ is known as the “Black Budget” of India as the budget deficit rose to Rs 550 crore.
1973-74
2000-2001
1991-1992
1997-98
None of these
Afganistan will receive Rs.200 crore as development assistance. Apart from this, the Central Government disbursed Rs.100 crore for the ____________ port project.
Bushehr
Cyrus Terminal
Chabahar
Kish Island
None of these
As per the Union Budget 2022, procurement of how much metric tonnesofwheat and paddy is estimated in 2021-22?
1198 lakh
1088 lakh
1256 lakh
1208 lakh
1918 lakh
Chemical-free Natural Farming will be promoted throughout the country, with a focus on farmer’s lands in _________ wide corridors along river Ganga, at the first stage. To reduce dependence on import of oilseeds, a rationalized and comprehensive scheme to increase domestic production of oilseeds will be implemented.
5-km
20-km
25-km
10-km
15-km
How much amount has been allotted for the implementation of the Ken–Betwa link project?
1000 crore
1200 crore
1400 crore
1800 crore
2000 crore
How much funds has been allocated in 2022-23 for National Health Mission (NHM)?
₹ 37,800 cr
₹ 39,553 cr
₹ 20,263 cr
₹ 48,000 cr
₹ 14,236 cr
As per the Union Budget 2022, how much additional credit for MSMEs will be facilitated under the Credit Guarantee Trust for Micro and Small Enterprises(CGTMSE)?
Rs. 1 Lakh Crore
Rs. 2 Lakh Crore
Rs. 3 Lakh Crore
Rs. 4 Lakh Crore
Rs. 5 Lakh Crore
How many Anganwadis will be upgraded as Saksham Anganwadis for integrating benefits to women and children?
50 Thousand
1 Lakh
2 Lakh
4 Lakh
5 Lakh
Which of the following categories does not come under the Sunrise opportunity as per the Union Budget FY23?
Artificial Intelligence
Space Economy
Green Economy
Semiconductor and its eco-system
Clean Mobility Systems
How much amount has been allocated in 2022-23 to assist the states in catalysing overall investments in the economy?
Rs. 4 lakh crore
Rs. 3 lakh crore
Rs. 2 lakh crore
Rs. 1 lakh crore
Rs. 50 thousand crore
As per the Union Budget 2022, for the year 2022-23, States will be allowed a fiscal deficit of 4% of GSDP, of which ________ will be tied to power sector reforms.
0.5%
1.0%
1.5%
2.0%
2.5%
The surcharges on cooperative societies reduced to 7 percent for those having total income in which of the following ranges?
Rs. 50 lakhs – Rs. 10 crore
Rs. 50 lakhs – Rs. 50 crore
Rs. 1 crore – Rs. 10 crore
Rs. 10 crores – Rs. 100 crore
Rs. 1 crore – Rs. 100 crore
For how many year state governments will be provided interest free loans above normal borrowings?
10
25
50
75
No such announcement
Which of the following conditions were not made under tax exemption to IFSC during union budget FY23?
Income of a non-resident from offshore derivative instruments
Income from over the counters derivatives
Income received from Interest
Income from royalty
Income received from portfolio management
A person giving benefits to someone has to pay TDS, if the aggregated value of such benefits exceeds how much during the financial year?
Rs. 20,000
Rs. 25,000
Rs. 40,000
Rs. 50,000
Rs. 1,00,000
What percent of tariff in capital goods and project imports has been introduced to conducive the growth of domestic sector?
1%
2.5%
5%
7.5%
10%
How many exemption entries has been proposed by the government for custom exemptions and tariff simplification?
100
350
500
750
900
How much fund is allocated to the Aatmanirbhar Bharat Rojgar Yojana in the Union Budget 2022-23?
Rs. 10,000 crore
Rs. 39,553 crore
Rs. 6,800 crore
Rs. 19,000 crore
Rs. 6,400 crore
How much fund is allocated to the Pradhan Mantri Swasthya Surakhsha Yojana in the Union Budget 2022-23?
Rs. 10,000 crore
Rs. 39,553 crore
Rs. 6,800 crore
Rs. 19,000 crore
Rs. 6,400 crore
