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Direction: Read the following passage carefully and answer the questions given below:
If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.
Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.
Q. What are the two main aspects of the Central government's annual Budget discussed in the passage?
  • a)
    Hype and projection of revenue estimates
  • b)
    Capital expenditure and social welfare expenditure
  • c)
    Government term and employment guarantee program
  • d)
    Revised estimates and official statistics
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Direction: Read the following passage carefully and answer the questio...
In the passage, the two main aspects of the Central government's annual Budget that have attracted attention are clearly outlined. The first aspect is the increase in capital or investment expenditure during the second government term. This increase is significant, with the Finance Minister projecting a rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second aspect is the reduction in social and welfare expenditures in several areas, including the employment guarantee program and health. This means that the Budget emphasizes higher capital spending while scaling down on social and welfare programs.
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Most Upvoted Answer
Direction: Read the following passage carefully and answer the questio...
Main Aspects of the Central Government's Annual Budget
The passage highlights two crucial aspects of the Central government's annual Budget that are drawing attention:
1. Capital Expenditure
- The Finance Minister claims a significant increase in capital or investment expenditure, escalating from Rs.7.3 lakh crore in 2022-23 to Rs.10 lakh crore in 2023-24.
- This move is seen as a growth-accelerating intervention aiming to boost economic development.
2. Reduction in Social Welfare Expenditure
- There is a noted scaling down of allocations for social and welfare expenditures, which includes programs like the employment guarantee scheme and health initiatives.
- The decision to cut back on social spending, particularly in a pre-election year, raises eyebrows and suggests a shift in priorities.
Conclusion
The passage underscores the juxtaposition of increased capital investment against reduced social welfare spending, marking them as the two main focal points in the Budget presentation. This contrast reflects the government's strategic choices regarding economic growth versus social welfare, prompting further analysis of long-term implications for society.
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Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What is the reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?

Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What is the significance of the Finance Ministers decision mentioned in the passage?

Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.According to the passage, what is a key characteristic of budgetary provisions for the upcoming financial year?

Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?

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Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer?
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Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following passage carefully and answer the questions given below:If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second government term is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. The second is the evidence that budgetary allocations point to significant reductions or scaling down of growth in social and welfare expenditures in several areas, from the employment guarantee programme to health.Budgetary provisions for the coming financial year are hardly sacrosanct. Most allocations fall short of budgeted estimates by the end of the year. And some are increased, based on supplementary demands, during the year. Moreover, ever since the presentation of the Budget has been brought forward from the last day of February to the first day, even the revised estimates of revenue mobilised and expenditures incurred in the ongoing financial year are more in the nature of projections, as there are still two months left in the financial year and actual data for the most recent month/s have not been collated yet. Given the evidence that the government has turned increasingly callous when ensuring the integrity of official statistics, it is to be expected that some of these revised estimates are also influenced by larger agendas embedded in the Budget. For example, in what is an implausible coincidence, receipts from both corporation and income taxes as per the revised estimates for 2023-24 are both exactly Rs.1.15 lakh crore higher than the budgeted figures of Rs.7.2 lakh crore in the case of the former and Rs.7 lakh crore in the latter. What needs to be assessed, therefore, are the larger trends the Budget bares, especially the two noted earlier. What has surprised many is the Finance Minister’s decision to refrain from hiking expenditures and cut back on social spending in a pre-election year, which makes this Budget the last full Budget to be presented during the second term government.Q.What are the two main aspects of the Central governments annual Budget discussed in the passage?a)Hype and projection of revenue estimatesb)Capital expenditure and social welfare expenditurec)Government term and employment guarantee programd)Revised estimates and official statisticsCorrect answer is option 'B'. 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