The economy has become a lot more formalised as reflected in the EPFO membership more than doubling to ______, and 7,400 crore digital payments of _________ through UPI in 2022.

The efficient implementation of many schemes, with universalisation of targeted benefits, has resulted in inclusive development. Some of the schemes are: i. ______ household toilets under Swachh Bharat Mission, ii. ______ LPG connections under Ujjawala, iii. _______ Covid vaccination of 102 crore persons,

The efficient implementation of many schemes, with universalisation of targeted benefits, has resulted in inclusive development. Some of the schemes are: iv. ______ PM Jan Dhan bank accounts, v. Insurance cover for ______ persons under PM Suraksha Bima and PM Jeevan Jyoti Yojana, and vi. Cash transfer of ` _______ to over 11.4 crore farmers under PM Kisan Samman Nidhi.

Economic Empowerment of Women: Deendayal Antyodaya Yojana National Rural Livelihood Mission has achieved remarkable success by mobilizing rural women into _____ Self Help Groups.

The Budget adopts the following seven priorities. They complement each other and act as the ‘Saptarishi’ guiding us through the Amrit Kaal. Which of the following is not one of the Saptarishi ?

Government will launch an Atmanirbhar Clean Plant Program to boost availability of disease-free, quality planting material for high value horticultural crops at an outlay of _______.

The agriculture credit target will be increased to _______ with focus on animal husbandry, dairy and fisheries.

Government will launch a new sub-scheme of PM Matsya Sampada Yojana with targeted investment of Rs ______ crore to further enable activities of fishermen, fish vendors, and micro & small enterprises, improve value chain efficiencies, and expand the market.

A new Ministry of Cooperation was formed with a mandate to realise the vision of ‘Sahakar Se Samriddhi’. To realise this vision, the government has already initiated computerisation of ______ Primary Agricultural Credit Societies (PACS) with an investment of _______.

A Mission to eliminate Sickle Cell Anaemia by _____ will be launched. It will entail awareness creation, universal screening of 7 crore people in the age group of _____ years in affected tribal areas, and counselling through collaborative efforts of central ministries and state governments.

Building on the success of the Aspirational Districts Programme, the Government has recently launched the Aspirational Blocks Programme covering _____ blocks for saturation of essential government services across multiple domains such as health, nutrition, education, agriculture, water resources, financial inclusion, skill development, and basic infrastructure.

To improve socio-economic conditions of the particularly vulnerable tribal groups (PVTGs), Pradhan Mantri PVTG Development Mission will be launched. This will saturate PVTG families and habitations with basic facilities such as safe housing, clean drinking water and sanitation, improved access to education, health and nutrition, road and telecom connectivity, and sustainable livelihood opportunities. An amount of _______ will be made available to implement the Mission in the next _____ years under the Development Action Plan for the Scheduled Tribes.

In the next _____ years, centre will recruit ______ teachers and support staff for the ____ Eklavya Model Residential Schools, serving ______ tribal students

In the drought prone central region of _______, central assistance of ______ will be given to Upper Bhadra Project to provide sustainable micro irrigation and filling up of surface tanks for drinking water.

The outlay for PM Awas Yojana is being enhanced by ____ to over ______.

‘Bharat Shared Repository of Inscriptions’ will be set up in a digital epigraphy museum, with digitization of ______ ancient inscriptions in the first stage.

Capital investment outlay is being increased steeply for the third year in a row by ____ to ______, which would be ______ of GDP. This will be almost three times the outlay in 2019-20.

The direct capital investment by the Centre is complemented by the provision made for creation of capital assets through Grants-in-Aid to States. The ‘Effective Capital Expenditure’ of the Centre is budgeted at ______, which will be 4.5 per cent of GDP.

Government has decided to continue the 50-year interest free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions, with a significantly enhanced outlay of ________.

A capital outlay of _______ has been provided for the Railways. This highest ever outlay is about 9 times the outlay made in 2013- 14.

One hundred critical transport infrastructure projects, for last and first mile connectivity for ports, coal, steel, fertilizer, and food grains sectors have been identified. They will be taken up on priority with investment of _______, including 15,000 crore from private sources.

An Urban Infrastructure Development Fund (UIDF) will be established through use of priority sector lending shortfall. UIDF will be managed by the National Housing Bank, and will be used by public agencies to create urban infrastructure in Tier 2 and Tier 3 cities. _______ on a yearly basis will be allocated for this purpose.

Government has introduced the Jan Vishwas Bill to amend ____ Central Acts.

______ will be used as the common identifier for all digital systems of specified government agencies to bring in Ease of Doing Business.

For efficient administration of justice, Phase-3 of the E-Courts project will be launched with an outlay of _______.

_______ labs for developing applications using 5G services will be set up in engineering institutions to realise a new range of opportunities, business models, and employment potential.

The recently launched National Green Hydrogen Mission, with an outlay of ________, will facilitate transition of the economy to low carbon intensity, reduce dependence on fossil fuel imports, and make the country assume technology and market leadership in this sunrise sector. Our target is to reach an annual production of ____ by ____.

This Budget provides _______ for priority capital investments towards energy transition and net zero objectives, and energy security by Ministry of Petroleum & Natural Gas.

The Inter-state transmission system for evacuation and grid integration of 13 GW renewable energy from Ladakh will be constructed with investment of _______ including central support of 8,300 crore

500 new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting circular economy. These will include ____ compressed biogas (CBG) plants, including 75 plants in urban areas, and ____ community or cluster-based plants at total investment of _______. 5% CBG mandate will be introduced for all organizations marketing natural and bio gas and for collection of bio-mass and distribution of bio-manure, appropriate fiscal support will be provided.

Bhartiya Prakritik Kheti Bio-Input Resource Centres - over the next ____ years, the Centre will facilitate ____ farmers to adopt natural farming. For this, ______- Bio-Input Resource Centres will be set-up, creating a national-level distributed micro-fertilizer and pesticide manufacturing network.

Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years. ______ Skill India International Centres will be set up across different States.

Budget proposed revamping of the credit guarantee scheme for MSMEs will take effect from 1st April 2023 through infusion of Rs ______ crore in the corpus. This will enable additional collateral-free guaranteed credit of Rs _____ crore. Further, the cost of the credit will be reduced by about 1 per cent.

For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025. This will offer deposit facility upto _____ in the name of women or girls for a tenor of 2 years at fixed interest rate of _____ with partial withdrawal option.

The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs.15 lakh to ______

The maximum deposit limit for Monthly Income Account Scheme will be enhanced from _____ lakh to 9 lakh for single account and from 9 lakh to _____ lakh for joint account.

MSMEs are growth engines of our economy. Micro enterprises with turnover up to ________ and certain professionals with turnover of up to Rs.50 lakh can avail the benefit of presumptive taxation. Government propose to provide enhanced limits of Rs.3 crore and Rs.75 lakh respectively, to the tax payers whose cash receipts are no more than _____.

There are a number of proposals relating to rationalisation and simplification. Income of authorities, boards and commissions set up by statutes of the Union or State for the purpose of housing, development of cities, towns and villages, and regulating, or regulating and developing an activity or matter, is proposed to be exempted from income tax. Other major measures in this direction are:

 Removing the minimum threshold of _______/- for TDS and clarifying taxability relating to online gaming;

 Not treating conversion of gold into electronic gold receipt and vice versa as capital gain;

 Reducing the TDS rate from 30% to ____ on taxable portion of EPF withdrawal in non-PAN cases; and

 Taxation on income from Market Linked Debentures.

Other major proposals in the Finance Bill relate to the following:

 Extension of period of tax benefits to funds relocating to IFSC, GIFT City till 31.03.2025;

 Decriminalisation under section _____ of the Income Tax Act;

 Allowing carry forward of losses on strategic disinvestment including that of IDBI Bank; and

 Providing EEE status to Agniveer Fund

Currently, those with income up to Rs.5 lakh do not pay any income tax in both old and new tax regimes. Government propose to increase the rebate limit to _____ in the new tax regime. Thus, persons in the new tax regime, with income up to this new regime will not have to pay any tax.

Standard deduction of _______ to salaried individual, and deduction from family pension up to _______, is currently allowed only under the old regime. It is proposed to allow these two deductions under the new regime also.

The highest surcharge rate in personal income tax has been reduced from _______ in the new tax regime for income above ______. This would result in maximum tax rate of personal income tax come down to 39% which was earlier 42.74%.

The limit of tax exemption on leave encashment on retirement of non-government salaried employees has been increased from ₹3 lakh to ______

The number of basic customs duty rates on goods, other than textiles and agriculture, has been reduced from _______.

For better targeting of tax concessions and exemptions, deduction from capital gains on investment in residential house has been capped at ______

A higher limit of _______ per member has been provided for cash deposits to and loans in cash by Primary Agricultural Cooperative Societies and Primary Cooperative Agriculture and Rural Development Banks

The Budget proposes a higher limit of _______ for TDS on cash withdrawal for cooperative societies.

The Budget provides for amending the CGST Act so as to raise the minimum threshold of tax amount for launching prosecution under GST from _________, except for the offence of issuance of invoices without supply of goods and services or both. The compounding amount will be reduced from the present range of 50 to 150% of tax amount to the range of _______.

In the 75th Year of India's Independence, the World has recognized the Indian Economy as a 'bright star' with its Economic Growth estimated at ______, which is the highest among all major economies.

Revised Estimates 2022-23:

 The total receipts other than borrowings is _________, of which the net tax receipts are Rs 20.9 lakh crore.

 The total expenditure is Rs 41.9 lakh crore, of which the capital expenditure is about Rs 7.3 lakh crore.

 The fiscal deficit is ____ of GDP, adhering to the Budget Estimate.

Budget Estimates 2023-24:

 The total receipts other than borrowings is estimated at Rs 27.2 lakh crore and the total expenditure is estimated at _______ with increase of _____ over 2022-23.

 The net tax receipts are estimated at Rs 23.3 lakh crore.

Budget Estimates 2023-24:

 The fiscal deficit is estimated to be _____ of GDP.

 To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore.

 The gross market borrowings are estimated at Rs 15.4 lakh crore.

 Also, the government is committed to sticking to this plan to reduce the fiscal deficit to below ____ by 2025-26.

Among the top 13 ministries with the highest allocations, in 2023-24, the highest percentage increase in allocation is observed in the _______ (49%)

Recently as per budget government had doubled the allocation for FAME II for the next fiscal year to____________.

Recently as per budget new cooperatives that commence manufacturing activities before March 31, 2024, shall get the benefit of a lower tax rate of _________ %.

Recently as per budget government announced a higher limit of ________ per member for cash deposits and loans in cash by Primary Agricultural Co-operative Societies (PACS) and Primary Co-operative Agriculture and Rural Development Banks (PCARDBs).

Recently as per budget ___________has been set aside for the recently announced Broadcasting Infrastructure and Network Development (BIND) Scheme.

Recently as per budget PM Awas Yojana (PMAY) was allocated _______ crore. The allocation for the PMAY is increased by ______.

PMAY was allocated over ₹79,000 crore with an amount of _______ has been earmarked for the PMAY-Gramin while expenditure on PMAY-U decreased from Rs 28,000 crore in BE 2022-23 to in BE 2023-24

Budget for the Union Housing and Urban Affairs Ministry included ________ for the Swachh Bharat Mission-Urban (2.0) in 2023-24

Allocation of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) & 100 Smart Cities Mission were budget at same amount of _______ each.

Recently as per budget government announced an initiative for mangrove plantation along the coastline and on salt pan lands, under MISHTI Scheme. What is the acronym of H in 'MISTHI'?

Recently as per budget National Financial Information Registry will be set up to serve as the central repository of financial and ancillary information. It will be designed in consultation with __________.

Consider the following statement regarding new Income-Tax regime. Which of the following statement is incorrect?

Recently as per budget reinvestments of capital gains arising from selling a residential real estate has been capped at ___________ .

Recently as s per budget Finance Bill, 2023 has proposed to amend Section ____________ of the Income Tax Act so that foreign/angel investors may be required to pay the “angel tax,” which was previously only supposed to be paid for investments raised by resident Indian investors.

Recently as per budget Prime Minister Vishwakarma Kaushal Samman (PM-VIKAS) scheme has been announced for traditional artisans and craftsmen in the budget 2023-24 with a total outlay of _________crore.

Recently as per budget Indian government expects to raise __________ crore from stake sales in various state-run companies.

Recently as per budget ___________TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance Scheme of the RBI.

Recently as per budget Centre has made a non-planned allocation of __________to build India’s semiconductor ecosystem in the Union Budget 2023-24.

Recently as per budget Eklavya Model Residential Schools (EMRS) will be provided ________Crore for accelerated construction.

New EMRS schools are being constructed at a unit cost of Rs.___ Crore in plain areas and Rs.___ Crore in hilly and difficult areas.

The outlay for PM-Poshan has been increased by _______, taking the allocation from Rs 10,233 crore in 2022-23 to Rs _______ crore.

The Centre has allocated Rs 1.13-lakh crore for education sector in the Union Budget 2023-24, raising the projected expenditure on school and higher education by around _______ compared to 2022-23,

Recently as per budget Central government has allocated ___________ for Jal Jeevan Mission.

Pradhan Mantri Jan Arogya Yojana (PM-JAY) which provides cashless health insurance of up to ₹5 lakh per family has been allocated _______ in FY 23-24

Recently as per budget government allocated __________ for the regional connectivity scheme (RCS) UDAN (Ude Desh ka Aam Nagrik) .

Recently as per budget Ministry of Defence has been allocated a total Budget of ___________ which is 13.18 % of the total budget.

Recently as per report the funds for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme have been reduced in the Budget 2023-24 to __________.

Recently as per budget government has allocated a budget of _________ crore for Pradhan Mantri Kisan Samman for financial year 2023-24.

Recently as per budget government raised capital expenditure (capex) by 37.4 per cent for financial year 2023-24 (FY24) to _________.

Recently as per budget government allocated ___________to NAMASTE (National Action Plan for Mechanised Sanitation Ecosystem) scheme to enable 100% mechanical desludging of septic tanks and sewers in all cities and towns.