Questions and Answers
What is the Budget Estimate (BE) for Assistance to States Agencies for Intra-State Movement of Foodgrains and FPS Dealers Margin for 2024-25?
What is the allocated amount for the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PMABHIM) in the Budget Estimates 2024-25?
What is the allocation for Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (PMJAY) in the Budget 2024-25?
How much is allocated for the Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGA) in the Budget 2024-25?
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How much is allocated for Research and Development Projects in the Budget Estimates 2024-25?
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What is the projected real GDP growth for India in 2024-25?
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What is the allocation for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for the financial year 2024-25?
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What were the shares of the agriculture, industry, and services sectors in the overall Gross Value Added (GVA) at current prices in FY24?
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Which priority outlined by the finance minister is focused on productivity and resilience in agriculture?
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Which option is NOT one of the nine priorities outlined by the finance minister for the pursuit of ‘Viksit Bharat’?
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What was the percentage growth in GST collection that contributed to the increase in indirect taxes in FY24?
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What was the YoY percentage increase in capital expenditure for FY24?
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In terms of food security, which program received the highest budget allocation in the 2024-25 Budget?
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What was the multiple of FY20 level that the capital expenditure reached in FY24?
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What is the allocation figure for items related to agriculture resilience as part of the 2024-25 budget?
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Which of the following amounts is allocated for the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PMABHIM)?
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What is the allocated amount for capital expenditure this year as highlighted by the Finance Minister?
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How many rural habitations will receive all-weather connectivity under Phase IV of the Pradhan Mantri Gram Sadak Yojana?
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What is the estimated cost for Irrigation and Flood Mitigation projects in Bihar?
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What is the financing pool of the Anusandhan National Research Fund for supporting research and innovation?
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To expand the space economy by 5 times, what amount will the government allocate for the venture capital fund?
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Which of the following amounts is NOT part of the capital expenditure allocation as stated by the Finance Minister?
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Which of the following figures does NOT represent the number of rural habitations under PMGSY Phase IV?
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How many other ongoing and new schemes are included in the financial support for projects in Bihar?
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What was the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks in March 2024?
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What was the global economic growth registered in 2023 according to the World Economic Outlook (WEO)?
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What is the projected real GDP growth rate according to the Economic Survey?
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During FY24, the Current Account Deficit (CAD) stood at which percentage of GDP?
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What was the amount of credit disbursal by Scheduled Commercial Banks at the end of March 2024?
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How many corporate debtors' cases have been recognized as solved under the Insolvency and Bankruptcy Code (IBC) in the last 8 years?
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What was the total value of corporate debtors disposed of under the IBC in the last 8 years?
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What was the rate of credit growth reported by Scheduled Commercial Banks as of March 2024?
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What was the capital formation facilitated by primary capital markets during FY24 in lakh crore?
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By how much did food inflation increase from FY23 to FY24?
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What was India's Logistics Performance Index rank in 2023 after an improvement?
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What was India's external debt to GDP ratio at the end of March 2024?
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How much did India receive in remittances in 2023, making it the top remittance recipient globally?
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What percentage of the electricity generation capacity as of 31 May 2024 came from non-fossil sources?
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What amount in crore did the government issue in sovereign green bonds in January-February 2023?
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What was the percentage of gross fixed capital formation attributed to primary capital markets during FY23?
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Study Notes
Budget Allocations 2024-25
- Assistance to States Agencies for foodgrains movement: ₹7075 crore
- Ayushman Bharat - PMJAY allocation: ₹7300 crore
- Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGA) allocation: ₹86000 crore
- Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) allocation: ₹205250 crore
- Capital expenditure allocation: ₹11,11,111 crore, representing 3.4% of GDP
- Pradhan Mantri Gram Sadak Yojana (PMGSY): Launch of Phase IV for 25,000 rural habitations.
Financial Support and Research Initiatives
- Financial support for irrigation and flood mitigation in Bihar: ₹11,500 crore for 20 projects.
- Anusandhan National Research Fund operationalized with a financing pool of ₹1,00,000 crore.
- Venture capital fund to expand space economy: ₹1,000 crore.
Health and Infrastructure Funding
- Pradhan Mantri Ayushman Bharat Health Infrastructure Mission (PMABHIM): ₹3,200 crore.
- Research and Development Projects allocation: ₹13,208 crore.
Economic Indicators and Growth Projections
- India's real GDP growth projected between 6.5% to 7.0% for 2024-25.
- Agriculture, industry, and services sector shares in GVA for FY24: 17.7%, 27.6%, and 54.7%, respectively.
- Indirect taxes increase due to a 12.7% growth in GST collection.
- Capital expenditure in FY24: ₹9.5 lakh crore, a YoY increase of 28.2% and 2.8 times FY20 levels.
- GNPA ratio of Scheduled Commercial Banks: 2.8%, a 12-year low.
Global and Domestic Economic Metrics
- Global economy growth in 2023 at 3.2%.
- Current Account Deficit (CAD) stood at 0.7% of GDP, improved from 2.0% in FY23.
- Credit disbursal by SCBs at ₹164.3 lakh crore, reflecting a 20.2% growth.
- IBC resolved 31,394 corporate debtors valued at ₹13.9 lakh crore in 8 years.
- Primary capital markets facilitated ₹10.9 lakh crore, approx. 29% of capital formation in FY23.
Agriculture and Inflation Challenges
- Food inflation increased from 6.6% in FY23 to 7.5% in FY24 due to extreme weather and crop damage.
- India's logistics performance rank improved from 44th in 2018 to 38th in 2023 among 139 countries.
Debt and Remittance Statistics
- External debt to GDP ratio at 18.7%, deemed manageable.
- Milestone remittances in 2023 reached USD 120 billion, making India the top recipient.
- Non-fossil energy sources in installed electricity generation capacity reached 45.4% by May 2024.
Sovereign Green Bonds Issued
- Sovereign green bonds issued in 2023 amounted to ₹16,000 crore in Jan-Feb and ₹20,000 crore in Oct-Dec.
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Description
This quiz covers the major budget allocations for the financial year 2024-25, including assistance for food grain movement, health initiatives like Ayushman Bharat, and funding for infrastructure projects. Test your knowledge on how these allocations are distributed across various sectors and their impact on the economy.
