Union Budget related all important as well as expected questions are here with their answers for mts exam, CGL exam, Chsl exam, stenographer exam, and railway exam also for WBCS exam and IAS exam
1. The Union Finance Minister Nirmala Sitharaman has presented the Union Budget
2023-24. It was the_____Union Budget of India.
Ans: Union budget 2022-23 was the 75th Union Budget of India. The Union Budget is the
annual financial report of India, which deals with the expected income and expenditure of the
economy in the upcoming fiscal year. The first union budget of independent India was presented
on 26 November 1947.
2. How many priorities are emphasised in the Union Budget for 2023–24?
Ans: The Budget adopts the following seven priorities. They complement each other and act as
the
‘Saptarishi’ guiding us through the Amrit Kaal.
1)Inclusive Development
2)Reaching Last Mile
3)Infrastructure Investment
4)Unleashing Potential
5)Green Growth
6)Youth Power
7)Financial Sector
3. The Union Finance Minister Nirmala Sitharaman has presented the Union Budget
2023-24. She presented the Union Budget for the ______ time in a row.
Ans: Union Finance Minister Nirmala Sitharaman is presenting the Union Budget 2023 for the
5th time in a row.
4. Who has presented the first Union Budget of independent India?
Ans: The first union budget of independent India was presented by R. K. Shanmukham Chetty
on 26
, November 1947. Total revenues stood at ₹171.15 crore, and the fiscal deficit was ₹24.59 crore.
5. How much amount was allocated in the Union Budget 2023–2024 for agriculture and
farmer welfare?
Ans: In the union budget 2023-24, Rs 1.25 trillion was allocated to the Agriculture & Farmers
welfare.
6. Finance Minister Nirmala Sitharaman outlined seven priorities in the Union Budget
2023–2024, calling it ______, that will guide India's vision during Amrit Kaal.
Ans: ‘Saptarishi’ guiding us through the Amrit Kaal.
1)nclusive Development
2)Reaching Last Mile
3)Infrastructure Investment
4)Unleashing Potential
5)Green Growth
6)Youth Power
7)Financial Sector
7. What is the theme of the Union Budget 2023-24?
Ans: With the theme of 'Vasudhaiva Kutumbakam', we are steering an ambitious, people-centric
agenda to address global challenges, and to facilitate sustainable economic development.
8. What is the current year’s economic growth estimated in the Union Budget 2023-24?
Ans: Finance Minister Sitharaman announced that the economic growth in the current year is
estimated to be at 7 per cent.
9. How much amount was allocated for the Railway Sector in the Union Budget 2023-24,
that is the highest ever outlay?
Ans: Capital outlay of Rs. 2.40 lakh crore has been provided for the Railways, which is the
highest ever outlay and about nine times the outlay made in 2013-14.
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