Expected Current Affairs Questions On The Union Budget 2023 - 24 pdf: Union Budget 2023 - 24 was presented by the Finance Minister, Nirmala Sitharaman on 1st February 2023 in Lok Sabha. Union budget 2023 - 24 is an important topic in most of the competitive exam preparations like bank, upsc, ssc, etc., for the General/Economy/Financial awareness section. By practicing the questions provided in these expected current affairs questions on the union budget 2023 pdf, candidates can crack the bank exams with good scores in the general awareness section asked in the mains examination. Also, candidates can utilize these CA Questions on Union Budget 2023 - 24 pdf for interview preparation. Also, check Union Budget 2023 - 24 Highlights here. Questions from Union Budget 2023, union budget 2023 - 24 analysis, union budget of india are likely to be asked in the upcoming round rounds. This Expected Current Affairs Questions On The Union Budget 2023 pdf is provided with answers and detailed explanations. Questions are provided here in this Union budget 2023 questions and answers pdf in the form of MCQs with answers and explanations.

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Union Budget 2023 - 24 Questions and Answers PDF

Check the sample questions provided here from Union Budget 2023 pdf. For more questions, download the Current Affairs questions on Union Budget 2023 - 24 pdf provided below.

1) The Union Finance Minister Nirmala Sitharaman has presented the Union Budget 2023. It is the ___ Union Budget of India. 

Ans: Union budget 2023 is 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?

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 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, calling it _________, that will guide India's vision during Amrit Kaal.

Ans: ‘Saptarishi’ guiding us through the Amrit Kaal.

 

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 percent.

 

9) How much amount was allocated for the Railway Sector in the Union Budget 2023, 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.

 

10) What is the rate of tax for Income tax slab between the income of Rs 6 Lakh to Rs 9 Lakh for assessment year 2023-24?

Ans: 10% is the rate of tax for Income tax slab between the income of Rs 6 Lakh to Rs 9 Lakh for assessment year 2023-24.

 

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