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 governmentandrsquo;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 Ministerandrsquo;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?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Minister's decision mentioned in the passage?

a)
It reflects an increase in social spending in a pre-election year.
b)
It marks a departure from previous budgetary trends.
c)
It aligns with the government's official statistics.
d)
It coincides with the last day of February.

Correct answer is option 'B'. Can you explain this answer?

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Direction: Read the following passage carefully and answer the questio...

The Finance Minister's decision discussed in the passage is significant for several reasons. Firstly, it is surprising because it involves refraining from increasing expenditures and cutting back on social spending in a pre-election year. Typically, governments tend to increase spending in such years to appeal to voters. Secondly, this decision marks a departure from previous budgetary trends, as it goes against the expectation of higher spending in a pre-election year. This budget is also noted as the last full Budget to be presented during the second term of the government, making the decision even more noteworthy in terms of its potential impact on the economy and public sentiment.

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Direction: Read the following passage carefully and answer the questio...

Significance of the Finance Minister's Decision
The Finance Minister's decision to refrain from increasing expenditures and to cut back on social spending in a pre-election year is significant for several reasons:
Departure from Previous Budgetary Trends
- Historically, pre-election budgets often see an increase in social spending to attract voters.
- This decision represents a stark contrast to typical practices, making it notable.
- By not raising expenditures, the government deviates from the expectation that it would seek to bolster welfare programs to gain public favor.
Impact on Social Welfare Programs
- The reduction in social spending may lead to decreased support for essential programs such as employment guarantees and health services.
- This could have long-term implications for the socio-economic landscape, especially among vulnerable populations.
Strategic Financial Management
- The decision might reflect a broader strategy focused on capital or investment expenditure rather than social welfare.
- This prioritization suggests a shift in government policy emphasizing economic growth through infrastructure and investment rather than immediate social benefits.
Political Implications
- In a political context, this decision raises questions about the government's commitment to social welfare in light of upcoming elections.
- It could potentially alienate certain voter demographics who rely on these social programs, thereby influencing election outcomes.
In summary, the Finance Minister's decision is significant because it marks a departure from the usual pre-election strategy of increasing social spending, indicating a shift in priorities that could have lasting effects on both economic and social welfare landscapes.

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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.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 is the reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?

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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?

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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.According to the passage, what is a key characteristic of budgetary provisions for the upcoming financial year?

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Six students A, B, C, D, E, and F are to make a presentation, each on a day. Three of them will make their presentations in the morning session before the lunch break whereas, the other three will be presenting it in the afternoon session. The presentations have to be scheduled in such a way that they comply with the following restrictions:B should make his presentation immediately before C’s presentation.Their presentations cannot be separated by the lunch break.D must be either the first or the last student to make the presentation.Q.In case C is to be the fifth student to present, then B must be

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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 significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct 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 is the significance of the Finance Ministers decision mentioned in the passage?a)It reflects an increase in social spending in a pre-election year.b)It marks a departure from previous budgetary trends.c)It aligns with the governments official statistics.d)It coincides with the last day of February.Correct answer is option 'B'. 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