Test Your Knowledge: Key Announcements from Union Budget 2024 Quiz

Finance Minister Nirmala Sitharaman has recently presented Union Budget 2024 in the Parliament. There were many important announcements made during this announcement.

Take a quiz challenge to check how much do you remember from this year's Union Budget.

1. What is the government's target deficit for the next year?

a) Below 5.0%

b) Below 4.5%

c) Below 4.0%

d) Below 3.5%

2. How many Budget priorities are outlined in the pursuit of 'Viksit Bharat'?

a) Seven

b) Eight

c) Nine

d) Ten

3. What is the allocation amount for agriculture and allied sectors?

a) ₹1.52 lakh crore

b) ₹1.25 lakh crore

c) ₹1.75 lakh crore

d) ₹1.00 lakh crore

4. What is the new limit for Mudra loans under the 'Tarun' category?

a) ₹10 lakh

b) ₹15 lakh

c) ₹20 lakh

d) ₹25 lakh

5. Which three cancer drugs have been fully exempted from customs duty?

a) TrastuzumabDeruxtecan, Osimertinib, and Durvalumab

b) Bevacizumab, Paclitaxel, and Capecitabine

c) Imatinib, Rituximab, and Doxorubicin

d) Tamoxifen, Methotrexate, and Letrozole

 Ans:

1. (b) Below 4.5%

The fiscal deficit is currently estimated to be 4.9% of GDP, and the government aims to reduce it to below 4.5% next year.

2. (c) Nine

There are nine Budget priorities in the pursuit of 'Viksit Bharat,' which include:

• Productivity and Resilience in Agriculture
• Employment & Skilling
• Inclusive Human Resource Development and Social Justice
• Manufacturing & Services
• Urban Development
• Energy Security
• Infrastructure
• Innovation, Research & Development
• Next Generation Reforms

3. (a) 1.52 lakh crore

The government has allocated ₹1.52 lakh crore for agriculture and allied sectors. Additionally, 109 new high-yielding and climate-resilient varieties of 32 field and horticulture crops will be released for cultivation. Furthermore, the central government has announced introducing 1 crore farmers to organic farming with certification and branding over the next 2 years.

4. (c) ₹20 lakh

The limit for Mudra loans under the 'Tarun' category has been enhanced to ₹20 lakh from ₹10 lakh for those who have successfully repaid previous loans.

5. (a) TrastuzumabDeruxtecan, Osimertinib, and Durvalumab

Three cancer drugs, namely TrastuzumabDeruxtecan, Osimertinib, and Durvalumab, have been fully exempted from customs duty.