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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?
  • a)
    Both corporation and income taxes are exactly the same.
  • b)
    Corporation tax is higher than income tax.
  • c)
    Both corporation and income taxes are lower than the budgeted figures.
  • d)
    There are no coincidences in the revised estimates.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Direction: Read the following passage carefully and answer the questio...
The passage highlights an implausible coincidence in the revised estimates for 2023-24. Specifically, it points out that the revised estimates for both corporation tax and income tax are exactly the same, which is Rs.1.15 lakh crore higher than the budgeted figures. This coincidence is considered implausible because it's highly unusual for two different types of taxes to yield exactly the same additional revenue in the revised estimates. It suggests the possibility of external influence or manipulation in the budgetary figures.
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Most Upvoted Answer
Direction: Read the following passage carefully and answer the questio...
Understanding the Implausible Coincidence
The passage highlights a peculiar observation regarding the revised estimates for corporation and income taxes in the Budget for 2023-24.
Key Points of the Coincidence:
- Equal Increase: The revised estimates show that both corporation tax and income tax receipts are projected to be exactly Rs.1.15 lakh crore higher than their respective budgeted figures.
- Specific Figures:
- Corporation tax: Revised estimate is Rs.8.35 lakh crore (Rs.7.2 lakh crore + Rs.1.15 lakh crore).
- Income tax: Revised estimate is Rs.8.15 lakh crore (Rs.7 lakh crore + Rs.1.15 lakh crore).
- Nature of the Coincidence: The coincidence is considered implausible because the identical increase in both tax categories raises questions about the integrity and accuracy of the revised estimates. This suggests a possible manipulation or alignment that is unusual.
Why Option A is Correct:
- Option A states that "Both corporation and income taxes are exactly the same," which refers to the fact that both categories experienced an identical increase of Rs.1.15 lakh crore. This phrasing captures the essence of the "implausible coincidence" the passage discusses.
- The focus is on the equality of the increase, rather than the absolute figures being the same, which aligns with the description provided in the passage.
Conclusion:
In summary, option A accurately reflects the unusual nature of the revised estimates, emphasizing the equal increase in both tax categories and supporting the idea of a potential discrepancy in the Budget's projections.
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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?

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.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 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 the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. 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.According to the passage, what is the implausible coincidence mentioned in the revised estimates for 2023-24?a)Both corporation and income taxes are exactly the same.b)Corporation tax is higher than income tax.c)Both corporation and income taxes are lower than the budgeted figures.d)There are no coincidences in the revised estimates.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.
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