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With reference to the expenditure curbs on ministries, consider the following statements:
1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.
2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to the expenditure curbs on ministries, consider the fo...
With the government revenues picking up as the economic recovery gains strength, the Finance Ministry removed the expenditure curbs that were imposed on various ministries for the July-September quarter.
- As a cash management exercise, the government had earlier asked various ministries and departments (in category B) to “restrict the overall expenditure within 20 per cent of BE 2020-21 in Quarter 2 (July to September 2021)”. This restriction has been withdrawn.
- The government did not impose any spending restrictions on the ministries of health, rural development, railways, agriculture, MSME (micro, small and medium enterprises) — the ministries and department in the Category A specified by the finance ministry.
- Expenditure curbs were imposed on demands/appropriations related to ministries and departments such as civil aviation, home, labour, mines, power, telecom and post, consumer affairs, fisheries, revenue, economic affairs, financial services and heavy industries, among others, in Category B.
- The government has now removed the restriction on limiting the expenditure to 20 per cent of Budget Estimates 2020-21 in the July-September quarter.
- Hence both statements are correct.
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With reference to the expenditure curbs on ministries, consider the fo...
With the government revenues picking up as the economic recovery gains strength, the Finance Ministry removed the expenditure curbs that were imposed on various ministries for the July-September quarter.
- As a cash management exercise, the government had earlier asked various ministries and departments (in category B) to “restrict the overall expenditure within 20 per cent of BE 2020-21 in Quarter 2 (July to September 2021)”. This restriction has been withdrawn.
- The government did not impose any spending restrictions on the ministries of health, rural development, railways, agriculture, MSME (micro, small and medium enterprises) — the ministries and department in the Category A specified by the finance ministry.
- Expenditure curbs were imposed on demands/appropriations related to ministries and departments such as civil aviation, home, labour, mines, power, telecom and post, consumer affairs, fisheries, revenue, economic affairs, financial services and heavy industries, among others, in Category B.
- The government has now removed the restriction on limiting the expenditure to 20 per cent of Budget Estimates 2020-21 in the July-September quarter.
- Hence both statements are correct.
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With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the expenditure curbs on ministries, consider the following statements:1. The Union Finance Ministry recently removed the expenditure curbs that were imposed on various ministries for the July-September quarter.2. The government did not impose any spending restrictions earlier on the ministries and department in the Category A specified by the finance ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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