Union Budget 2024-25: Questions and Answers for SSC CGL/ CHSL & Other Competitive Exams

Union Budget 2024 Questions and Answers: Finance Minister Nirmala Sitharaman is presenting the Union Budget 2024-25 in Parliament today. This event marks the first budget of Prime Minister Narendra Modi's third term. Notably, it will be Nirmala Sitharaman’s seventh consecutive Budget presentation, surpassing the record of former Prime Minister Morarji Desai, who delivered five annual budgets and one interim budget during his tenure as Finance Minister.

Ahead of the Budget 2024, Prime Minister Narendra Modi asserted that this budget will lay the foundation of 'Viksit Bharat'. He emphasized that this budget is crucial for 'Amrit Kaal,' and can propel India forward on all fronts.

Get Budget 2024 Live Updates Here

The Union Budget 2024 is an important topic for all competitive exams. Candidates preparing for upcoming government exams like SSC CGL, CHSL, and MTS must have a thorough knowledge of Budget 2024, as questions on it can be asked in the exams. So, to aid you in your preparation, here we have jotted down some of the questions that might be asked in competitive exams.

What is Union Budget?

Before jumping on the questions related to Budget 2024, candidates must understand its meaning and importance. The Union Budget of India is the annual financial statement and budget of the Government of India, presented by the Finance Minister in the Parliament. It outlines the estimated revenues and expenditures of the government for the upcoming financial year, which starts on April 1st.

Budget 2024: Questions on Union Budget

On February 1, 2024, Finance Minister Nirmala Sitharaman presented the Interim Budget, detailing a financial plan ahead of the 2024 general elections. With a total expenditure of Rs 47.65 trillion for FY 2024-25, a 6% increase from the previous year, the budget projected total receipts at Rs 30.80 trillion, a 12% rise. The fiscal deficit was set at 5.1% of GDP, with an anticipated GDP growth rate of 7.3%. 

Question 1: Which solar panel scheme has been launched to provide free electricity of up to 300 units?

Answer: PM Suryaghar Muft Bijli Yojana

Question 2: Which scheme will address the housing needs of the urban poor and middle class?

Answer: PM Awas Yojana 2.0

Budget 2024 Questions and Answers PDF

Based on previous year exam analysis, around 2 to 3 questions related to the budget are asked in every SSC exam. Candidates must not overlook this topic. To aid your preparation, we will upload the Budget Questions and Answers PDF here. Until then, you can check the key points related to this year's budget.

Union Budget 2024 PDF

Downloading Budget 2024-25 PDF will give you a brief idea about the scheme and initiatives taken by the government.

Budget Questions and Answers: Previous Year

As per the previous year's paper analysis, questions on the Budget are often asked in national-level competitive exams. Listed below are some of the questions asked in SSC exams.

Question 1: What is the name of the scheme launched to fund infrastructure and social development projects in the Northeast for a period of four years from 2022-23 to 2025-26?

(SSC CGL 2023)

Options:

1. PM- NERLP
2. PM-DRUV
3. PM-FME
4. PM-DevINE

Answer: 4. PM-DevINE

Question 2: The MITRA scheme was first announced in the Union Budget for 2021-22 to set up world class infrastructure in which sector?

(SSC CGL 2023)

Options: 

1. Automobiles
2. Textile industry
3. Defence manufacturing
4. Pharmaceuticals

Answer: 2. Textile industry

Question 3: As per the Union Budget of 2021-22, how many regional national institutes of virology will be set up?

(SSC CGL 2021)
Options:
1. Six
2. Two
3. Three
4. Four
Answer: 4. Four

Question 4: What is the name of the scheme launched in 2022 for the welfare measures of the transgender community and for persons who are engaged in the act of begging?

(SSC CGL 2023)

Options:

1. SHRI
2. RISE
3. SHINE
4. SMILE

Answer: 4. SMILE

Question 5:  In July 2021, the government of India launched a National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN Bharat) for ensuring that every child in the country necessarily attains foundational literacy and numeracy by the end of Grade ____.

(SSC CGL 2023)

Options: 

1. 3
2. 4
3. 2
4. 5

Answer: 1. 3

Question 6: Which Indian budget introduced a statement highlighting the gender sensitivities of the budgetary allocations?

(SSC CGL 2022)

Options:

1. 2009-09
2. 2010-11
3. 2005-06
4. 2001-02

Answer: 3. 2005-06

Question 7: On 29 July 2021, the Government of India launched Vidya Pravesh, a preschool preparation programme for ____ students, preparing the children for school.

(SSC CGL 2023)

Options:

1. Kindergarten
2. Class First
3. Pre-Nursery
4. Nursery

Answer: 2. Class First