GK Question Answer on Union Budget 2024

Explore the Union Budget 2024 with our comprehensive GK Quiz, designed to delve into its key features and implications. This quiz offers a valuable opportunity for students, professionals, and enthusiasts to understand the government’s financial planning and its impact on sectors like education, defense, and healthcare.

The Union Budget 2024 outlines the government's fiscal strategies and priorities for the year ahead. By participating in this quiz, you'll assess your grasp of the budget's details and its potential effects on the economy and daily life.

Covering everything from specific allocations to broad economic policies, this quiz challenges your general knowledge while providing insights into India’s financial blueprint. Engage with the GK Quiz on Union Budget 2024 to stay informed and expand your understanding of the country’s fiscal strategies.

General Knowledge Questions on Union Budget 2024

Q. Who presented the Union Budget 2024?

Answer: Nirmala Sitharaman

Q. What is the date of the Union Budget 2024 presentation?

Answer: February 1, 2024

Q. What was the estimated GDP growth rate for India in the Union Budget 2024?

Answer: 6.5%

Q. What is the total expenditure proposed in the Union Budget 2024?

Answer: ₹45 lakh crore

Q. Which sector received the highest allocation in the Union Budget 2024?

Answer: Infrastructure

Q. How much funding was allocated for the health sector in the Union Budget 2024?

Answer: ₹1.5 lakh crore

Q. What was the allocation for the education sector in the Union Budget 2024?

Answer: ₹1.2 lakh crore

Q. Which scheme received additional funding in the Union Budget 2024 for rural development?

Answer: Pradhan Mantri Awas Yojana

Q. What is the fiscal deficit target for 2024-25 as per the Union Budget 2024?

Answer: 5.2% of GDP

Q. How much was allocated to the defense sector in the Union Budget 2024?

Answer: ₹7.8 lakh crore

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Q. What new tax relief measure was introduced in the Union Budget 2024?

Answer: Increased rebate limit under Section 87A

Q. What was the allocation for the agriculture sector in the Union Budget 2024?

Answer: ₹2 lakh crore

Q. Which program received significant funding for urban infrastructure in the Union Budget 2024?

Answer: Smart Cities Mission

Q. What was the proposed amount for subsidies in the Union Budget 2024?

Answer: ₹3 lakh crore

Q. Which tax rate was revised in the Union Budget 2024?

Answer: Corporate tax rate

Q. How much funding was allocated for the National Highway Authority of India (NHAI) in the Union Budget 2024?

Answer: ₹1.1 lakh crore

Q. What was the proposed increase in the annual budget for the Ministry of Environment, Forests, and Climate Change?

Answer: ₹50,000 crore

Q. Which sector received a new initiative for technology advancement in the Union Budget 2024?

Answer: IT and Digital Services

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Q. How much was allocated for the Swachh Bharat Mission in the Union Budget 2024?

Answer: ₹30,000 crore

Q. What is the proposed allocation for the Skill Development Mission in the Union Budget 2024?

Answer: ₹25,000 crore

Q. Which new health scheme was announced in the Union Budget 2024?

Answer: National Health Protection Scheme

Q. What is the new allocation for the Renewable Energy sector in the Union Budget 2024?

Answer: ₹50,000 crore

Q. How much was allocated for the Digital India program in the Union Budget 2024?

Answer: ₹20,000 crore

Q. What is the new cap on government bonds under the Union Budget 2024?

Answer: ₹10 lakh crore

Q. Which major infrastructure project received funding in the Union Budget 2024?

Answer: Ganga Expressway

Q. How much funding was allocated for the research and development sector in the Union Budget 2024?

Answer: ₹25,000 crore

Q. What was the allocation for disaster relief and management in the Union Budget 2024?

Answer: ₹15,000 crore

Q. Which initiative aimed at improving agricultural productivity was funded in the Union Budget 2024?

Answer: Pradhan Mantri Krishi Sinchai Yojana

Q. What was the allocation for the Ministry of Women and Child Development in the Union Budget 2024?

Answer: ₹30,000 crore

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Q. How much funding was allocated for the National Education Policy (NEP) implementation in the Union Budget 2024?

Answer: ₹40,000 crore

Q. What new provision was made for small and medium enterprises (SMEs) in the Union Budget 2024?

Answer: Reduced interest rates on loans

Q. How much was allocated for the rural roads program in the Union Budget 2024?

Answer: ₹40,000 crore

Q. What is the new allocation for the Pradhan Mantri Gram Sadak Yojana (PMGSY) in the Union Budget 2024?

Answer: ₹50,000 crore

Q. Which state received additional funds for flood relief in the Union Budget 2024?

Answer: Kerala

Q. What is the new allocation for the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in the Union Budget 2024?

Answer: ₹20,000 crore

Q. Which sector saw an increase in tax incentives in the Union Budget 2024?

Answer: Renewable Energy

Q. How much was allocated for the Prime Minister’s Employment Generation Programme (PMEGP) in the Union Budget 2024?

Answer: ₹10,000 crore

Q. What new policy was introduced for public-private partnerships (PPPs) in the Union Budget 2024?

Answer: Streamlined approval processes

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Q. Which initiative focused on improving air quality received funding in the Union Budget 2024?

Answer: National Clean Air Programme

Q. How much was allocated for the expansion of metro rail networks in the Union Budget 2024?

Answer: ₹30,000 crore

Q. What is the new allocation for the National Rural Employment Guarantee Scheme (NREGS) in the Union Budget 2024?

Answer: ₹60,000 crore

Q. Which new program was introduced to support startups in the Union Budget 2024?

Answer: Startup India Seed Fund Scheme

Q. How much was allocated for the Ministry of Science and Technology in the Union Budget 2024?

Answer: ₹20,000 crore

Q. What was the proposed amount for urban transport infrastructure in the Union Budget 2024?

Answer: ₹25,000 crore

Q. Which new scheme was introduced to promote electric vehicles in the Union Budget 2024?

Answer: National Electric Mobility Mission Plan

Q. How much was allocated for the development of coastal infrastructure in the Union Budget 2024?

Answer: ₹15,000 crore

Q. What is the new funding amount for the PM Awas Yojana - Urban (PMAY-U) in the Union Budget 2024?

Answer: ₹40,000 crore

Q. Which sector saw an increase in export incentives in the Union Budget 2024?

Answer: Textiles

Q. What was the allocation for the Ministry of Agriculture and Farmers' Welfare in the Union Budget 2024?
Answer: ₹2 lakh crore

Q. What is the new target for financial inclusion under the Union Budget 2024?

Answer: 100% coverage of households with banking services