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Questions and Answers
Who presented the first ever budget of pre-independent India?
Who presented the first ever budget of pre-independent India?
- Mahatma Gandhi
- James Wilson (correct)
- Jawaharlal Nehru
- Liaquat Ali Khan
When did Liaquat Ali Khan present an interim budget?
When did Liaquat Ali Khan present an interim budget?
- One month after the attainment of independence
- One year after the attainment of independence
- Three months after the attainment of independence (correct)
- Six months after the attainment of independence
What is the current duration of the financial year in India?
What is the current duration of the financial year in India?
- From 1st May to 31st April over two calendar years
- From 1st April to 31st March over two calendar years (correct)
- From 1st January to 31st December over one calendar year
- From 1st October to 30th September over one calendar year
How many of the following documents are presented as 'Budget Documents'?
How many of the following documents are presented as 'Budget Documents'?
What is the focus of the 'Lakhpati Didi scheme'?
What is the focus of the 'Lakhpati Didi scheme'?
Which of the following represents the highest income estimates in the Estimates of Interim Budget 2024-25?
Which of the following represents the highest income estimates in the Estimates of Interim Budget 2024-25?
What is the current trend of female labor force participation rate in India?
What is the current trend of female labor force participation rate in India?
What is the age range for Cervical Cancer Vaccination in India?
What is the age range for Cervical Cancer Vaccination in India?
What is the significance of James Wilson in the context of Indian budget history?
What is the significance of James Wilson in the context of Indian budget history?
What is the current duration of the financial year in India?
What is the current duration of the financial year in India?
What is the significance of the Annual Financial Statement in the context of Indian budget?
What is the significance of the Annual Financial Statement in the context of Indian budget?
What is the focus of the Macro-economic Framework Statement?
What is the focus of the Macro-economic Framework Statement?
What is the main objective of the 'Lakhpati Didi scheme'?
What is the main objective of the 'Lakhpati Didi scheme'?
What is the current trend of female labor force participation rate in India?
What is the current trend of female labor force participation rate in India?
What is the age range for Cervical Cancer Vaccination in India?
What is the age range for Cervical Cancer Vaccination in India?
What is the significance of the Demands for Grants in the context of Indian budget?
What is the significance of the Demands for Grants in the context of Indian budget?
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Study Notes
Budget in India
- James Wilson presented the first-ever budget of pre-independent India.
- Liaquat Ali Khan presented an interim budget three months after the attainment of independence.
- The financial year in India does not span from 1st May to 31st April over two calendar years.
Budget Documents
- The following documents are presented as 'Budget Documents':
- Annual Financial Statement
- Demands for grants
- Finance bill
- Macro-economic Framework Statement
Estimates of Interim Budget 2024-25
- Goods and Service Tax represents a significant income estimate, but it may not be the highest.
- Capital expenditure estimate is not more than 10% of the total expenditure estimate.
Lakhpati Didi Scheme
- The Lakhpati Didi scheme is not the flagship scheme of the Ministry of Women and Child Development.
- A Lakhpati Didi is an adult woman member of the family, regardless of her income status.
- The scheme focuses on empowering women members of Self Help Groups.
Interim Budget 2024-25
- The female labor force participation rate has decreased continuously from 2017 to 2023 in the country.
- Enrolment of women in STEM courses is less than 40% in the country.
- Cervical Cancer Vaccination is encouraged for girls aged 9 to 14 years in the country.
Strategic Sectors in India
- The following strategic sectors are open for private sector investment in India:
- Defence
- Space
- Nuclear Energy ( Mining is not open for private sector investment in India)
Budget in India
- James Wilson presented the first-ever budget of pre-independent India.
- Liaquat Ali Khan presented an interim budget three months after the attainment of independence.
- The financial year in India does not span from 1st May to 31st April over two calendar years.
Budget Documents
- The following documents are presented as 'Budget Documents':
- Annual Financial Statement
- Demands for grants
- Finance bill
- Macro-economic Framework Statement
Estimates of Interim Budget 2024-25
- Goods and Service Tax represents a significant income estimate, but it may not be the highest.
- Capital expenditure estimate is not more than 10% of the total expenditure estimate.
Lakhpati Didi Scheme
- The Lakhpati Didi scheme is not the flagship scheme of the Ministry of Women and Child Development.
- A Lakhpati Didi is an adult woman member of the family, regardless of her income status.
- The scheme focuses on empowering women members of Self Help Groups.
Interim Budget 2024-25
- The female labor force participation rate has decreased continuously from 2017 to 2023 in the country.
- Enrolment of women in STEM courses is less than 40% in the country.
- Cervical Cancer Vaccination is encouraged for girls aged 9 to 14 years in the country.
Strategic Sectors in India
- The following strategic sectors are open for private sector investment in India:
- Defence
- Space
- Nuclear Energy ( Mining is not open for private sector investment in India)
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