Union Budget 2025 Flashcards
(127 cards)
1
Q
Nirmala Sitharaman presented her __th consecutive Budget this yr
A
8th
2
Q
The Budget is to be presented mandatorily acc to Art ___ & ___ Act
A
Art 112 of the Constitution
FRBM Act 2002
Fiscal Responsibility & Budget Management
3
Q
This was the ___th Budget of the Union of India, with theme ___
A
95th
Sabka Vikas
4
Q
This was the ___th paperless budget presented
A
5th
5
Q
Acc to union budget, new KCC limit is?
A
Rs. 5L
from current Rs. 3L
6
Q
NPAs in Agri have only increased from 25.4% in 2023 to?
A
28.4% in 2024
7
Q
The increase in limit of KCC from Rs. 3L to Rs. 5L will apply only to? How many accounts are they?
A
Accounts with good repayment track record
8 mn of 77.7 mn
No burden on banks
8
Q
KCC Fisheries introduced in yr ___ has a collateral free loan limit of ___
A
2018-19
Rs. 1.6L
9
Q
Interest rate in KCC
A
7%
3% rebate for timely repayment
10
Q
Share of accounts in KCC that are to be impacted by the recent Budget?
A
About 10.3% of holders
about 8mn people
11
Q
Dhan Dhanya Krishi Yojana aims to benefit ___ crore farmers in ___ districts
A
1.7 crore
100 districts
To ensure migration is an option not a necessity
12
Q
The 100 districts in Dhan Dhanya Krishi Yojana will be?
A
- Low productivity
- moderate crop intensity
- below avg credit districts
13
Q
Acc to Union Budget, The Makhana Board & Nat Institute of Food Tech, Processing and Innovation will be set up in?
A
Bihar
14
Q
What agri called in the union budget?
A
The 1st engine of development
15
Q
Aatmanirbharta in pulses is set to run for?
A
6 yrs
Reduce dependency on rice -wheat in punjab haryana
16
Q
Pulses targeted in aatmanirbharta in pulses?
A
Tur (pigeon pea)
Masoor (lentil)
Urad (black gram)
17
Q
Tur, masoor, urad scientific name?
pigeon pea, lentil, black gram
A
Pigeon pea: Cajanus cajan
Lentil: lens culinaris
Black gram: Vigna mungo
18
Q
In Mission for Aatmanirbharta in Pulses, procurement agency for the next 4 yrs?
A
NAFED & NCCF
19
Q
In terms of money allocation, DoA&FW saw a dec of?
A
3%
20
Q
India’s msme employ __ mn people & contributes ___% to our manufacturing output
A
75 mn people
36%
21
Q
The msme sector received an allocation of ₹____ a hike of __% from 2024
A
₹23,168 crore
4.6% hike
22
Q
Allocation for healthcare sector is ₹___ a whooping __% hike
A
₹1 Lakh crore
11% hike
23
Q
Acc to union budget, govt intends to open ___ cancer day care centre in govt hospitals
A
200 new cancer day care centres by 2025-26
24
Q
Rs. ___ core was allocated to AB PM-JAY a ___% inc
A
₹ 9406 crore
28.8 increase
25
Union budget aims to inc medical seats by ____ in the next 5 yrs
75,000
26
Jal jeevan mission (JJM) has been extended till the yr ____ with an allocation of ₹ ___
2028
₹67,000 crore allocation
| From 2019. 195% higher
27
SBM-G allocation in the union budget is?
₹ 7,192 crore
28
Under Union budget 2025 CGTMSE credit limit has been enhanced to Rs. ___ & and additional credit of Rs. ___ for the next 5 yrs
Rs. 10 crore
Rs. 1.5 crore
29
Under Union Budget 2025, credit guarantees for term loans will be upto Rs. ___ for MSEs
₹20 crore
30
Credit guarantee for startups incr from Rs. 10 crore to Rs. ____ with a reduced guarantee fee of __% for loans in 27 focus sectors
* to Rs. 20 crore
* guarantee fee of 1%
31
For ___ enterprises, a custom credit card of Rs. 5L limit will be introduced in the 1st yr with ___ such cards being issued
Micro enterprises
10L cards
| Those registered on Udyam Portal
32
New Fund of Funds worth Rs. ____ crore to be set up to support startups
Rs. 10,000 crore FFS
| Existing AIFs have received Rs. 91,000 crore from FFS
33
Special scheme will be launched to support ___ (no. of) women and SC/ST **first-time entrepreneurs.** It will offer term loans up to Rs. ___ over the next 5yrs
**5 Lakh** women & SC/ST
Rs. 2 crore
| Inspired by Stand Up India Scheme
34
Acc to Union Budget 2025, Rs. ___ has been allocated for irrigation & rural infrastructure
Rs. 1.5 lakh crore
35
Acc to the Union Budget, A urea plant is to be set up in ____ with an annual capacity of 12.7L Metric Tonnes
Namrup Assam
| 3 dormant plants in eastern india - reopened
36
Cuts in Food & Fertilizer subsity has reduced them to?
Food = Rs. 1.97 L crore
Fertilizer = Rs. 1.67 L crore
| high costs, low farmer incom: MSP dsn't cvr input cost rise
37
Irrigation and flood control allocation reduced from Rs. 350 crore to?
Rs. 325 crore
38
Capex of crops, AH, dairying and fisheries has reduced from Rs. 119 crore to?
Rs. 84.3 crore
39
Rs. ___ allocated to NMNF despite concerns of ___% yield reduction.
Rs. 616 crore
25-30% yield reduction
| Rs. 2481 cr for 3 yrs
40
Core Objectives of Dhan Dhanya Krishi scheme
* Enhance Agricultural Productivity
* Promote Crop Diversification & Sustainable Practices
* Strengthen Post-Harvest Infrastructure at panchayat and block levels
* Improve Irrigation Facilities
* Ensure Access to Credit (both long-term and short-term)
41
Union budget announced **Grameen Credit Score Framework** for assisting ____ no. of rural ____ members access to credit at an individual level
100 million rural SHG members
| Individual credit score based on SHG credit performance
42
The rural development ministry has partnered with _____ to spur sale of products by SHGs
The Government e-Marketplace (GeM)
| E-commerce like Amazon& meesho too
43
3 objectives the budget tries to accomplish that don't usually go together?
1. Reduce taxes
2. Reduce fiscal deficit
3. Stimulate growth
44
Capex has grown from ₹3 tn in 2019 to?
> ₹11 tn in 2024
45
Can tax cuts stimulate growth in economy?
**Previous experience suggests otherwise**
2019 corporate tax cuts resulted in ₹1.85 trillion loss in revenue
But investments did not trickle in as only 0.1% companies invested anew
46
Union budget increased FDI cap in insurance from 74% to?
100%
47
The increase in FDI limit in insurance will apply to companies that?
invest their entire premium in India
48
What percentage of foreign employees’ salaries in electronics manufacturing in India will be taxed under the new presumptive tax regime introduced in the 2025 Budget
25%
49
India’s electronics manufacturing sector is expected to double to over ___ in the next 3-4 years
$200 billion
50
What is the projected increase in the income tax collection for the government as per the 2025 Budget?
14.4%
| Higher than expected GDP growth of 10%
51
4 engines of growth acc to union budget?
1. Agri
2. Msme
3. Investment
4. Export
| AMIE of the budget
52
Acc to Union Budget 2025, The Makhana Board in Bihar will have an allocation of?
Rs. 100 crore
| focus on training farmers and making them export ready
53
Fiscal deficit target for FY ending March 2025? Fiscal deficit for FY26?
4.8%
FY26: 4.4%
| Diff btw total expendit & sum of rev receipts and non-debt capital recei
54
Budget plans to bring debt-to-GDP ratio down to?
< 50% by 2031
| plan to reduce national debt
55
Union Budget Allocation for Smart Cities & Urban Development?
Rs. 50,000 crore
56
The High Yield Crop Program is set to benefit ____ farmers
17 million farmers
57
Budget allocation for education?
Rs. 1.3 L crore
58
Acc to Budget, ____ new schools are to be upgraded with digi classrooms
50,000
59
Budget allocation for Women Empowerment Programs
Rs. 1.2 L crore
60
India's 1st Nuclear energy mission launched with target?
100 GW Nuclear Power by 2047
61
Mission aimed at ensuring availability of >100 seed varieties, dev & propagation of climate & pest resilient HYV and strengthening research
National Mission on High Yielding Seeds
62
The Mission for Cotton PRoductivity is set to run for?
5 yrs
63
The 5F vision of Mission of Cotton Productivity?
Farm -> Fibre > Factory > Fashion > Foreign
64
India is the ___ largest producer of fish globally with Rs. ___ in seafood export
2nd largest producer
Rs. 60,000 crore
65
Union Budget's action on Genetic conservation?
2nd Gene Bank with 10L germplasm lines
| for future of food & nutritional security
66
A multi-sectoral initiative to reduce underemployment in agri & stimulate the rural economy focussing on skilling, investment, diversification of income sources, etc.?
Rural Prosperity & Resilience Programme
67
Ph1 of Rural Prosperity & Resilience program will cover ___ agri-districts involving global & domestic best practices with support from multilateral ____
100 developing agri-districts
Development banks
68
A revamped central KYC registry will be introduced by?
2025
| reducing compliance burdens
69
5 focus areas of National Manufacturing Mission?
1. Ease & cost of DB
2. Future ready workforce for High Demand jobs
3. Strengthening MSMEs
4. Tech availability & adoption
5. Ensuring quality standards for products
70
A dedicated export promotion mission will be set up by Ministry?
* MoCI
* MoF
* MoMSME
71
A Rs. ____ Urban Challenge Fund that support cities as growth hubs, creative redevelopment and for water & sanitation has been set up, with Rs. ____ allocated for FY25-26
Rs. 1 L crore
Rs. 10,000 crore
72
Acc to Union Budget, new UPI-linked credit cards of Rs. ____ limit, will be disbursed to PM SVANidhi vendors
| 2020-2024 (loans to be repaid by 2028)
Rs. 30,000
| higher loan amts and capacity building spport to be provided too
73
____ houses have been completed with ____ more in 2025 under SWAMIH scheme
| Special Window for Affordable & Mid-Income Housing
50,000 completed
40,000 more in 2025
74
A Rs. ____ blended finance SWAMIH Fund 2 to be released to complete additional ____ housing units
Rs. 15,000 crore
additional 1L housing units
75
____ new ATL labs in Govt schools over the next 5 yrs
| Atal Tinkering Labs
50,000 ATL labs
76
Scheme for digital Indian-language books for schools & higher to enhance understanding
Bharatiya Bhasha Pustak Scheme
77
A Rs. ____ allocation made to states for 50 yr interest free loans
Rs. 1.5 L crore
78
Asset Monetisation Plan to run from? with Allocation?
2025-30
Rs. 10 L crore
79
JJM aims to achieve 100% coverage in rural households in the?
next 3 yrs
| through Jan Bhagidari
80
Nuclear Energy Mission investment? Aims to operationalise at least ___ indigenously developed SMRs by ___
Rs. 20,000 crore
at least 5 SMRs
by 2033
| Small Modular Reactors
81
public debt will continue to haunt at ____% of GDP
84.3%
82
Allocation of Dept of Science & Tech (DST) has increased 3 times to?
Rs. 28,000 crore
83
FM has accounted for Rs. 23,000 crore in FY 25-26 Budget as net additional resources to be drawn from?
Dedicated reserve funds
| OIDF, AIDF Universa Service Obligation Fund - will reduce fiscal deficit
84
Fertiliser payments for:
* Urea
* P&K Fertilizers
* Additional reserve
* Urea: Rs. 10,000 cr
* P&K Fertilizers: Rs. 3000 cr
* Additional: Rs. 11600 cr
85
Investment & Turnover limit classification for MSMEs have been enhanced to? - Imp
Investment: x2.5
Turnover: x2 Times
| help achieve higher efficiency of scale, tech & capital
86
Current investment limits of msme?
Micro: 2.5 crore
Small: 25 crore
Medium: 125 crore
| x2.5 times
87
Revised turnover limit for msme?
Micro: 10
Small: 100
Medium: 500 crore
| x2 times
88
A scheme that supports make in India for clean tech manufacturing like PV cells, EVS, etc.
National Manufacturing Mission
89
In the Bharatiya Bhasha Pustak Scheme, what is the fullform of ASMITA?
Augmenting Study Materials in Indian Language through Translation & Academic Writing
| 22,000 book to be developed
90
Growth in Nominal GDP has been?
10.1%
91
Aim of reducing outstanding liabilities to 50% by _____, estimated to be ___% of GDP by 2025-26
March 2031
56.1%
92
Receipts (excluding borrowings) in 25-26 are an increase of ___%
11.1%
| Over the RE for 24-25
93
Total expenditure in FY25: Approx **Rs. 50,000 crore** a ___% inc where
* cap expenditure is ___% inc
* rev expenditure is ___%
Total: 7.4%
Capex: 10.1%
Rev: 6.7%
94
Expected growth in collection of corporate tax?
10.4%
95
In Pm SVANIDHI, UPI linked CC limit inc from Rs. 10k to
Rs. 30k
96
Allocation for setting up Centre for Excellence in AI Education?
Rs. 500 crore
97
A high level committee for regulatory reforms to be set up for a review of all?
Non-financial sector regulations, certifications, licenses & permissions
98
limit for tax deduction on interest for senior citizens is?
Rs. 1 L
| from 50,000 (doubled)
99
In Budget 25-26, top 13 ministries in terms of allocation acc for ___% of total expenditure?
53% of total expenditure
100
Min of Defence has the highest allocation of Rs. ____ or ___% of expenditure?
Rs. 6.81 L crore
or 13.4% of expenditure
| 6% increase
101
Ministry of Road transport nd highways & Railways have the 2nd & 3rd highest allocation of?
Road: Rs. 2.87 L crore (5.7% of expen)
Railways: Rs. 2.55 L crore (5%)
102
Allocation for MoRD in Union Budget?
Rs. 1.90 L crore
8.3% inc
103
Highest share of expenditure is seen for which 2 sectors?
| Also for pension?
States share: 22%
Interest Payment: 20%
| Central sector scheme: 16% & Pension: 4%
104
Income of rupee is majorly from which 2 sectors?
Borrowings: 24%
Income Tax: 22%
| GST: 18%
105
Allocation for PM KISAN is?
Rs. 63,500 crore
| No change from last year
106
PMAY-G allocation?
Rs. 54,800 crore
| 69% increase
107
National Health Mission allocation?
Rs. 37,227 crore
| 3.4% increase
108
MISS allocation?
| Modified Interest Allocation Scheme
Rs. 22,600
| 0% increase
109
Allocation for Saksham Anganwadi & POSHAN 2.0?
Rs. 21,960
| 9.4% increase
110
Surya Ghar Muft Bijlee Yojana Allocation?
Rs. 20,000
| 80.2% increase
111
Which sector has been allocated the highest capex in the Budget?
Infrastructure: Rs. 6.45 L crore
112
Primary objective of the Gyan Bharat Mission launched on Feb 3 2025?
Surveying, documenting & conserving >1 cr manuscripts
| digitally and creating a centralised reporsitory
113
National Mission on Manuscripts to become autonomous with a funding of Rs. ____ till year ____
Rs. 492 crore
till 2031
114
National Mission for Manuscripts was established in? By Ministry of?
2003
Ministry of Tourism
| Till 2031
115
A Mission that aims to cover 1 crore manuscripts for conservation?
| through digitization and a centralized approach
Gyan Bharatam Mission
| Unclear if it will merge with NMM
116
Enhanced Budget of NMM to accomodate Gyan Bharat Mission?
Rs. 60 crore
| Rs. 3.5 crore
117
Procurement of tur will continue at ___% of state production till 2028 through ___ portal
100%
eSamridhhi Portal
118
Budget allocation for MoAFW has increased to?
Rs. 1.37 L crore
119
Food grain production has surged to ____ MT in 2023-24
While Kharif production for 2024-25 is ____ MT
Food grains: 3323 LMT
Kharif: 1647 LMT
| Kharif acc to 1st AE
120
Msp for paddy and wheat has grown to?
Paddy: Rs. 2369/q
Wheat: Rs. 2425/q
| Paddy inc later
121
Total area under foodgrain crops reached from 120 m ha in 2014-15 to ___ in 2023-24
132 m ha
122
Growth rate of Agri sector and GVA
3.5% growth
About 30% by FY23
123
Total paddy & wheat procurement from 2014-15 to 2023-24?
P = 6900 LMT
W = 3072 LMT
124
Access to agri loans for S&M farmers inc to?
76% in 2023-24
125
Budget allocation for Samagra Shiksha?
Rs. 41,250
| 11.5% increase
126
PM FBY received an allocation of Rs. ____ crore in the Union Budget, a sharp reduction of ___% compared to 2024-25
Rs. 12,242 crore
23% reduction
127
National Mission on High Yielding Seeds allocation?
Rs. 100 cr
