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SSC CGL Exam  >  SSC CGL Test  >   Tier 2 - Study Material, Online Tests, Previous Year  >  Test: Budget - SSC CGL MCQ

Budget - Free MCQ Practice Test with solutions, SSC CGL


MCQ Practice Test & Solutions: Test: Budget (10 Questions)

You can prepare effectively for SSC CGL SSC CGL Tier 2 - Study Material, Online Tests, Previous Year with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Budget". These 10 questions have been designed by the experts with the latest curriculum of SSC CGL 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Budget - Question 1
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Who presented the Union Budget for the fiscal year 2023-24, and on what date was it presented?

Detailed Solution: Question 1

The Union Budget for the fiscal year 2023-24 was presented by Finance Minister Nirmala Sitharaman on February 1, 2023.

Test: Budget - Question 2
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What is the objective of the Union Budget 2023-24 in the context of the "Amrut Kal" period?

Detailed Solution: Question 2

The Union Budget 2023-24 aims to ensure that the benefits of development reach all parts of society, according to the finance minister.

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Test: Budget - Question 3
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What is the estimated GDP growth rate for the fiscal year 2023 according to the Union Budget?

Detailed Solution: Question 3

The finance minister predicts a GDP growth rate of 7% in the fiscal year 2023, making it the highest among major economies despite global challenges.

Test: Budget - Question 4
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What are the seven key priorities listed in the Union Budget 2023-24 as the "Saptarishi" guiding the government through the "Amrit Kaal"?

Detailed Solution: Question 4

The seven key priorities listed in the Union Budget 2023-24 are Inclusive Development, Reaching the Last Mile, Infrastructure and Investment, Unleashing the Potential, Green Growth, Youth Power, and Financial Sector.

Test: Budget - Question 5
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What is the estimated Fiscal Deficit for the fiscal year 2023-24, according to the Union Budget?

Detailed Solution: Question 5

The Budget Estimates (BE) of the Fiscal Deficit for FY 2023-24 is estimated at 5.9% of GDP.

Test: Budget - Question 6
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What is the name of the program launched to support the conservation of wetlands, as mentioned in the Union Budget?

Detailed Solution: Question 6

The government plans to launch a program called "Amrit Dharohar" to support the conservation of wetlands over the next three years.

Test: Budget - Question 7
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How much has the capital expenditure outlay increased for FY 2023-24 compared to FY 2022-23?

Detailed Solution: Question 7

The capital expenditure outlay has increased significantly by about 33% to ?10 lakh crores in FY 2023-24 as compared to ?7.3 lakh crores in FY 2022-23.

Test: Budget - Question 8
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What is the vision for the National Green Hydrogen Mission, as mentioned in the Union Budget?

Detailed Solution: Question 8

The National Green Hydrogen Mission aims to achieve 5 million metric tons of production each year by 2030.

Test: Budget - Question 9
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What significant change has been introduced to the personal income tax structure in the Union Budget 2023-24?

Detailed Solution: Question 9

Major changes were introduced to the personal income tax structure, including an increase in the tax rebate limit and the new income tax regime becoming the default tax regime in India.

Test: Budget - Question 10
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Under the "Inclusive Development" priority of the Union Budget 2023-24, what measures are proposed to enhance the productivity of the cotton crop, and how will they be implemented?

Detailed Solution: Question 10

To improve the productivity of extra-long staple cotton, a cluster-based approach involving public-private partnerships will be adopted. This approach aims to collaborate among farmers, the government, and industries for input supplies, extension services, and market connections.

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About this SSC CGL Practice Test

This test contains 10 MCQs on Budget with detailed solutions for each question. It is part of the SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course on EduRev, designed to align with the current SSC CGL syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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