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APPSC (Andhra Pradesh) Exam  >  APPSC (Andhra Pradesh) Tests  >  Test: Andhra Pradesh Budget Analysis 2023-24 - APPSC (Andhra Pradesh) MCQ

Test: Andhra Pradesh Budget Analysis 2023-24 - APPSC (Andhra Pradesh) MCQ


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15 Questions MCQ Test - Test: Andhra Pradesh Budget Analysis 2023-24

Test: Andhra Pradesh Budget Analysis 2023-24 for APPSC (Andhra Pradesh) 2024 is part of APPSC (Andhra Pradesh) preparation. The Test: Andhra Pradesh Budget Analysis 2023-24 questions and answers have been prepared according to the APPSC (Andhra Pradesh) exam syllabus.The Test: Andhra Pradesh Budget Analysis 2023-24 MCQs are made for APPSC (Andhra Pradesh) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Andhra Pradesh Budget Analysis 2023-24 below.
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Test: Andhra Pradesh Budget Analysis 2023-24 - Question 1
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What is the projected Gross State Domestic Product (GSDP) of Andhra Pradesh for the financial year 2023-24 at current prices?

Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 1
The projected Gross State Domestic Product (GSDP) of Andhra Pradesh for the financial year 2023-24 at current prices is Rs 14,49,501 crore. This figure represents a growth of 10% over the GSDP of the previous financial year. It reflects the economic outlook and expected expansion within the state for the given period.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 2
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How much has been allocated towards the YSR Aasara scheme for waiving outstanding bank loans of women self-help groups in Andhra Pradesh for the year 2023-24?

Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 2
An allocation of Rs 6,700 crore has been made towards the YSR Aasara scheme for waiving outstanding bank loans of women self-help groups in Andhra Pradesh for the financial year 2023-24. This scheme aims to support and empower women in the state by alleviating their financial burdens and promoting economic independence.
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Test: Andhra Pradesh Budget Analysis 2023-24 - Question 3
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What percentage of the GSDP does the revenue deficit in Andhra Pradesh for the year 2023-24 represent?

Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 3
The revenue deficit in Andhra Pradesh for the financial year 2023-24 is estimated to be 1.5% of GSDP, equivalent to Rs 22,317 crore. This signifies the shortfall in revenue when compared to the state's current expenditure, highlighting the need for effective financial management and resource allocation strategies to mitigate such deficits.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 4
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What is the targeted fiscal deficit as a percentage of GSDP for Andhra Pradesh in the financial year 2023-24?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 4
The targeted fiscal deficit for Andhra Pradesh in the financial year 2023-24 is 3.8% of GSDP, amounting to Rs 54,588 crore. This figure represents the government's planned expenditure exceeding its total revenue, indicating the borrowing requirements to meet the state's financial obligations and developmental initiatives.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 5
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What was the percentage change in the Fiscal Deficit from the Revised Estimates (RE) for 2022-23 to the Budget Estimates (BE) for 2023-24?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 5
The percentage change in the Fiscal Deficit from the Revised Estimates (RE) for 2022-23 to the Budget Estimates (BE) for 2023-24 was 3.8%. This change indicates the adjusted projection for the fiscal deficit in the upcoming financial year compared to the previous year's revised estimates, reflecting the government's expectations regarding its expenses and revenues.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 6
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What is the primary focus of the concept of "Net Receipts" as outlined in the budget figures for the years 2022-23 and 2023-24?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 6
The concept of "Net Receipts" in the budget figures primarily refers to the total receipts after accounting for borrowings. It represents the net amount received by the government or organization after considering the funds acquired through borrowing activities. This figure plays a crucial role in assessing the overall financial health and sustainability of the entity.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 7
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What percentage of estimated revenue receipts is projected to be spent on committed expenditure in Andhra Pradesh for the year 2023-24?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 7
In the fiscal year 2023-24, Andhra Pradesh is estimated to spend 24% of its projected revenue receipts on committed expenditure, which includes expenses related to pension and interest payments. This allocation towards committed expenditure items like pensions (10%) and interest payments (14%) signifies a substantial portion of the state's financial resources being dedicated to these fixed costs, which in turn impacts the state's financial flexibility for other expenditure priorities.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 8
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Which sector in Andhra Pradesh's budget for 2023-24 has the highest allocation in terms of expenditure?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 8
The sector with the highest allocation in terms of expenditure in Andhra Pradesh's budget for 2023-24 is Education, Sports, Arts, and Culture. This sector is allocated Rs 32,658 crore, reflecting the state government's emphasis on investing in education, promoting sports, nurturing art and cultural activities, and supporting overall human development. The allocation underscores the priority given to education and related areas for the state's socio-economic advancement.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 9
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How much is the estimated increase in Andhra Pradesh's own tax revenue from 2022-23's revised estimate to the budgeted amount for 2023-24?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 9
The estimated increase in Andhra Pradesh's own tax revenue from the revised estimate of 2022-23 to the budgeted amount for 2023-24 is 22%. This significant rise indicates the state's expectations for higher tax collections and revenue generation in the upcoming fiscal year. The increase in own tax revenue underscores the importance of fiscal sustainability and resource mobilization strategies in supporting the state's developmental agenda and public service delivery.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 10
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What does a revenue deficit indicate about a government's financial situation?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 10
A revenue deficit signifies that a government needs to borrow to finance expenses that do not increase its assets or reduce its liabilities. It implies a situation where the government's expenditure exceeds its revenue receipts, leading to the necessity of borrowing to cover the shortfall in funds. This condition can have implications for the government's financial health and long-term stability, as it shows a gap that needs to be filled through external financing mechanisms.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 11
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In the table provided, which sector experienced the highest percentage change from the Budget Estimate (BE) to the Actuals in 2021-22?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 11
The sector that experienced the highest percentage change from the Budget Estimate (BE) to the Actuals in 2021-22 is the Energy sector. This sector saw a significant 78% increase, indicating a considerable deviation from the initial budgeted amount to the actual expenditure. This increase could be due to various factors such as changes in energy prices, unexpected demand, or alterations in government policies impacting energy-related projects and initiatives.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 12
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What is the term used to describe the process by which green plants and some other organisms use sunlight to synthesize foods with the help of chlorophyll?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 12
Photosynthesis is the process by which green plants and some other organisms convert light energy into chemical energy, producing oxygen as a byproduct. This process is vital for the existence of most life forms on Earth as it is the primary way in which energy enters the ecosystem.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 13
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Which planet in our solar system has the largest number of moons?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 13
Jupiter, the largest planet in our solar system, has the largest number of moons. With over 80 known moons, Jupiter's moons include the four large Galilean moons — Io, Europa, Ganymede, and Callisto. These moons have diverse characteristics and provide valuable insights into the dynamics of planetary satellites.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 14
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What is the capital city of Australia?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 14
The capital city of Australia is Canberra. Unlike most other countries, Australia chose to have a purpose-built capital rather than using an existing major city. Canberra was selected as the capital in 1908 and is known for its planned layout and architectural significance.
Test: Andhra Pradesh Budget Analysis 2023-24 - Question 15
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Who is often credited with the discovery of penicillin, the first antibiotic drug?
Detailed Solution for Test: Andhra Pradesh Budget Analysis 2023-24 - Question 15
Alexander Fleming is credited with the discovery of penicillin in 1928. This chance discovery revolutionized medicine by introducing the first effective antibiotic, which has since saved countless lives by combating bacterial infections. Fleming's work laid the foundation for the development of numerous other antibiotics.
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