CLAT Exam  >  CLAT Questions  >  Direction: Read the following passage careful... Start Learning for Free
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 year's revenue and expenditures?
  • a)
    Lack of interest in official statistics
  • b)
    Projections made by the Finance Minister
  • c)
    Collation of actual data for the most recent months
  • d)
    Consistency in budgeted estimates
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Direction: Read the following passage carefully and answer the questio...
The passage explains that the uncertainty surrounding the revised estimates for the ongoing financial year is due to the fact that actual data for the most recent month/s have not been collated yet. This means that the revised estimates presented in the Budget are more like projections rather than concrete figures. Additionally, the passage notes that the government's integrity regarding official statistics has been questioned, implying that there may be external factors influencing these revised estimates. In summary, the lack of collated actual data and potential external influence contribute to the uncertainty.
View all questions of this test
Most Upvoted Answer
Direction: Read the following passage carefully and answer the questio...
Understanding the Uncertainty in Revised Estimates
The uncertainty surrounding the revised estimates of the current financial year’s revenue and expenditures primarily stems from the collation of actual data for the most recent months. Here’s a breakdown of the key points:
Key Factors Contributing to Uncertainty:
- Timing of Budget Presentation:
- The budget presentation has been moved from the last day of February to the first day of the month, leaving two months remaining in the financial year. This shift means that many figures are still projections rather than finalized data.
- Incomplete Data:
- Since actual data for the final months of the financial year has not yet been compiled, the revised estimates are based on incomplete information, leading to uncertainty.
- Historical Trends:
- Budget allocations often fall short of the initial estimates by the end of the year, indicating a pattern of adjustments that can further complicate the reliability of revised figures.
- Political Context:
- The context of the budget being presented in a pre-election year adds another layer of complexity, as the government may adjust figures to project a more favorable financial outlook.
In conclusion, option 'C' accurately reflects that the uncertainty is largely due to the lack of collated actual data for the most recent months, which makes the revised estimates unreliable and speculative. This highlights the challenges in assessing budgetary provisions accurately.
Explore Courses for CLAT exam

Similar CLAT Doubts

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?

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 the implausible coincidence mentioned in the revised estimates for 2023-24?

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?

Top Courses for CLAT

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?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. Can you explain this answer?
Question Description
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?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. 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 reason for the uncertainty surrounding the revised estimates of the current financial years revenue and expenditures?a)Lack of interest in official statisticsb)Projections made by the Finance Ministerc)Collation of actual data for the most recent monthsd)Consistency in budgeted estimatesCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.
Explore Courses for CLAT exam

Top Courses for CLAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev