Budget 2023 important Mcq Questions for UPSC and other exams

Budget 2023 important  Mcq Questions for UPSC and other exams

 1. Which of the following is NOT a feature of Budget 2023 presented by the Finance Minister?

A. Increase in the allocation for health and education

B. Introduction of a new tax on luxury items

C. Increase in the defense budget

D. Reduction in the corporate tax rate

2. Which of the following is a key theme of Budget 2023?

A. Digital India

B. Make in India

C. Skill India

D. Swachh Bharat

3. What is the proposed change in the personal income tax rate for Budget 2023?

A. No change in the income tax rate

B. Increase in the income tax rate

C. Decrease in the income tax rate

D. Abolition of the income tax

4. Which of the following sectors received the highest allocation in Budget 2023?

A. Agriculture and Rural Development

B. Education

C. Health

D. Infrastructure

5. What is the proposed target for disinvestment in Budget 2023?

A. Rs. 1 lakh crore

B. Rs. 1.75 lakh crore

C. Rs. 2 lakh crore

D. Rs. 2.5 lakh crore

6. What is the proposed allocation for the Pradhan Mantri Awas Yojana (PMAY) in Budget 2023?

A. Rs. 20,000 crore

B. Rs. 25,000 crore

C. Rs. 30,000 crore

D. Rs. 35,000 crore

7. What is the proposed allocation for the National Rural Employment Guarantee Act (NREGA) in Budget 2023?

A. Rs. 50,000 crore

B. Rs. 60,000 crore

C. Rs. 70,000 crore

D. Rs. 80,000 crore

8. What is the proposed increase in the allocation for the National Health Mission (NHM) in Budget 2023?

A. 10%

B. 15%

C. 20%

D. 25%

9. What is the proposed allocation for the newly launched National Monetisation Pipeline (NMP) in Budget 2023?

A. Rs. 6 lakh crore

B. Rs. 10 lakh crore

C. Rs. 12 lakh crore

D. Rs. 15 lakh crore

10. What is the proposed allocation for the newly launched National Infrastructure Pipeline (NIP) in Budget 2023?

A. Rs. 100 lakh crore

B. Rs. 125 lakh crore

C. Rs. 150 lakh crore

D. Rs. 175 lakh crore

 Some more Questions  on  Budget 2023 click below link

https://abidtechnical.blogspot.com/2023/03/budget-2023-important-mcq-questions-for_16.html

Answer with the Explanation 

Answer: 1. B. Introduction of a new tax on luxury items.

Explanation: The Finance Minister did not introduce a new tax on luxury items in Budget 2023. The other options are features that were mentioned in the budget, such as an increase in the allocation for health and education, an increase in the defense budget, and a reduction in the corporate tax rate.

Answer 2. A. Digital India

Explanation: The Finance Minister highlighted Digital India as a key theme of Budget 2023, with a focus on expanding digital infrastructure and promoting digital literacy.

Answer 3. A. No change in the income tax rate

Explanation: The Finance Minister did not propose any changes in the personal income tax rate for Budget 2023.

 Answer 4. D. Infrastructure

Explanation: In Budget 2023, the highest allocation was made to the infrastructure sector, with a focus on building new highways, airports, and ports, and expanding digital infrastructure

Answer: 5. D. Rs. 2.5 lakh crore

Explanation: The Finance Minister proposed a target of Rs. 2.5 lakh crore for disinvestment in Budget 2023, with a focus on strategic disinvestment of public sector undertakings.

Answer 6. C. Rs. 30,000 crore

Explanation: The Finance Minister proposed an allocation of Rs. 30,000 crore for the Pradhan Mantri Awas Yojana (PMAY) in Budget 2023, with a focus on affordable housing for all.

Answers 7. B. Rs. 60,000 crore

Explanation: The Finance Minister proposed an allocation of Rs. 60,000 crore for the National Rural Employment Guarantee Act (NREGA) in Budget 2023, with a focus on generating employment opportunities in rural areas.

Answer: 8. C. 20%

Explanation: The Finance Minister proposed a 20% increase in the allocation for the National Health Mission (NHM) in Budget 2023, with a focus on improving healthcare infrastructure and services in the country

Answer: 9. B. Rs. 10 lakh crore

Explanation: The Finance Minister proposed an allocation of Rs. 10 lakh crore for the newly launched National Monetisation Pipeline (NMP) in Budget 2023, with a focus on unlocking the value of underutilized public assets.

Answer: 10. C. Rs. 150 lakh crore

Explanation: The Finance Minister proposed an allocation of Rs. 150 lakh crore for the newly launched National Infrastructure Pipeline (NIP) in Budget 2023, with a focus on developing and upgrading infrastructure across sectors such as energy, transport, and social infrastructure