By admin 12 February 2022
Union Budget Highlights by Top Bank Exam Coaching Institute
Union Budget was presented in the Parliament by the Finance Minister on 1st February. Understanding the budget is crucial for all citizens. The announcements made during the budget have a direct impact on our lives. However, if you are a Competitive Exam aspirant, these announcements become even more significant because you will see direct questions based on them.
Thus, Vidya Guru’s faculty who are renowned for offering the Best Bank PO Coaching in Delhi & NCR have published Budget Highlights in the form of expected exam questions. So, we suggest you go through the below questions and carefully make a note of the information provided.
Union Budget 2022 Highlights (Part-I)
Question 1) How many pillars are there in the Union Budget 2022 presented by FM Nirmala Sitharaman?
A) Five
B) Six
C) Seven
D) Four
E) None of these
Answer – D) Four
Explanation:
Four pillars are there in the Union Budget 2022 presented by FM Nirmala Sitharaman. They are
● Pillar 1: PM GatiShakti
● Pillar 2:Inclusive Development
● Pillar 3: Productivity Enhancement and Investment, Sunrise Opportunities, Energy Transition and Climate Action
● Pillar 4: Financing of Investments
Question 2) How many engines are there in PM GatiShakti?
A) Five
B) Six
C) Seven
D) Four
E) None of these
Answer – C) Seven
Explanation:
Seven engines:
Roads
Railways
Airports
Ports
Mass Transport
Waterways
Logistics Infrastructure.
Question 3) As per the Budget 2022-23, the National Highways network will be expanded by ______ in 2022-23.
A) 10000 km
B) 50000 km
C) 15000 km
D) 25000 km
E) None of these
Answer – D) 25000 km
Explanation:
The National Highways network will be expanded by 25,000 km in 2022-23 as per the Union Budget 2022-2023 presented by the Finance Minister Nirmala Sitharaman.
Question 4) Chemical free natural farming will be promoted throughout the country with a focus on farmers’ lands in a ____ wide corridor along the river Ganga at the first stage.
A) 6 km
B) 4 km
C) 5 km
D) 7 km
E) None of these
Answer – C) 5 km
Explanation:
Chemical free natural farming will be promoted throughout the country with a focus on farmers’ lands in a 5 km wide corridor along the river Ganga at the first stage.
Question 5) How many Multimodal Logistics parks through PPP to be awarded in 2022-23 as per the Union Budget 2022 presented by FM Nirmala Sitharaman?
A) Five
B) Six
C) Seven
D) Four
E) None of these
Answer – D) Four
Explanation:
There are 4 Multimodal Logistics parks through PPP to be awarded in 2022-23
Question 6) Which of the following years has been announced as the International Year of Millets as per the Union Budget 2022-2023?
A) 2022
B) 2023
C) 2024
D) 2025
E) None of these
Answer – B) 2023
Explanation:
The year 2023 has been announced as the International Year of Millets as per the Union Budget 2022-2023.
Question 7) As per the Budget 2022-2023, which of the following concepts will be popularized to help local businesses and supply chains?
A) One station, one product
B) One nation, one product
C) One country, one product
D) One state, one product
E) None of these
Answer – A) One station, one product
Explanation:
The concept “One station, one product” will be popularized to help local businesses and supply chains as per the Union Budget 2022-2023.
Question 8) How many new generation Vande Bharat trains will be manufactured during the next 3 years as per the Union Budget 2022-2023?
A) 500
B) 400
C) 300
D) 200
E) None of these
Answer – B) 400
Explanation:
400 new generation Vande Bharat trains will be manufactured during the next 3 years as per the Union Budget 2022-2023 presented by FM.
Question 9) How many cargo terminals will be developed during the next three years under the PM Gati Shakti master plan as per the Union Budget 2022-2023 presented by FM Nirmala Sitharaman?
A) 100
B) 200
C) 300
D) 400
E) None of these
Answer – A) 100
Explanation:
100 cargo terminals will be developed during the next three years under the PM Gati Shakti master plan as per the Union Budget 2022-2023 presented by FM Nirmala Sitharaman.
Question 10) Ken Betwa Linking project will be started at an estimated cost of _____ crore.
A) Rs 42,605
B) Rs 43,605
C) Rs 41,605
D) Rs 44,605
E) None of these
Answer – D) Rs 44,605
Explanation:
An estimated cost of Rs 44,605 crore will be utilized for the initial start of Ken Betwa Linking project as per the Union Budget 2022-2023 presented by FM Nirmala Sitharaman.
Question 11) Which of the following is/are the benefits of the Ken Betwa Linking project?
A) Irrigation benefits to 9 lakh hectare farmers’ land
B) Drinking water to 62 lakh people
C) 103 MW hydropower
D) 27 MW solar power
E) All of these
Answer – E) All of these
Explanation:
Ken Betwa Linking project Benefits are listed below:
They are irrigation benefits to 9 lakh hectare farmers’ land, drinking water to 62 lakh people, 103 MW hydropower and 27 MW solar power.
Question 12) How many river linking projects have been finalized as per the Union Budget 2022-2023 presented by FM Nirmala Sitharaman?
A) One
B) Two
C) Three
D) Four
E) Five
Answer – E) Five
Explanation:
Five river linking projects have been finalized as per the Union Budget 2022-2023 presented by the Finance Minister Nirmala Sitharaman. They are Damanganga-Pinjal, Par-Tapi-Narmada, Godavari-Krishna, Krishna-Pennar and Pennar-Cauvery.
Question 13) How many households to be covered in 2022-23 under Har Ghar, Nal Se Jal?
A) 3.8 crore
B) 5.8 crore
C) 6.8 crore
D) 4.8 crore
E) 2.8 crore
Answer – A) 3.8 crore
Explanation:
An amount of Rs. 60,000 crore allocated under Har Ghar, Nal Se Jal to cover 3.8 crore households in 2022-23
Question 14) As per the Union Budget 2022-2023, Emergency Credit Line Guarantee Scheme Extended Till _______
A) December 2023
B) September 2023
C) April 2023
D) March 2023.
E) June 2023
Answer – D) March 2023.
Explanation:
As per the Union Budget 2022-2023, Emergency Credit Line Guarantee Scheme Extended Till March 2023.
Question 15) As per the Union Budget 2022-2023, Raising and Accelerating MSME Performance (RAMP) program will be launched with an outlay of _____ crore over the next five years.
A) 8000 crore
B) 5000 crore
C) 6000 crore
D) 4000 crore
E) 3000 crore
Answer – C) 6000 crore
Explanation:
Raising and Accelerating MSME Performance (RAMP) program will be launched with an outlay of Rs. 6,000 crore over the next five years as per the Union Budget 2022-2023 presented by our FM Nirmala Sitharaman.
Question 16) Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) will facilitate additional credit of _____ for MSMEs.
A) Rs. 5 lakh crore
B) Rs. 2 lakh crore
C) Rs. 3 lakh crore
D) Rs. 4 lakh crore
E) None of these
Answer – B) Rs. 2 lakh crore
Explanation:
Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) will facilitate additional credit of Rs. 2 lakh crore for MSMEs.
Question 17) The “One Class One TV Channel” program of PM eVidya will be expanded from 12 channels to___ TV channels.
A) 200
B) 300
C) 150
D) 120
E) 100
Answer – A) 200
Explanation:
“One Class One TV Channel” program of PM eVidya will be expanded from 12 to 200 TV channels to provide supplementary education in regional languages, to children in classes 1 – 12.
Question 18) How many virtual labs in science and mathematics will be set-up in 2022-23?
A) 700
B) 650
C) 750
D) 720
E) 600
Answer – C) 750
Explanation:
750 virtual labs in science and mathematics, and 75 skilling e-labs for simulated learning environments will be set-up in 2022-23 as per the Budget 2022-2023.
Question 19) How much amount is allocated under the new scheme namely Prime Minister’s Development Initiative for North East Region (PMDevINE)?
A) 1800 crore
B) 1500 crore
C) 1600 crore
D) 1400 crore
E) 1300 crore
Answer – B) 1500 crore
Explanation:
A new scheme, Prime Minister’s Development Initiative for North East Region (PMDevINE) will be implemented through the North Eastern Council, at an initial amount of Rs 1,500 crore.
Question 20) How much amount is allocated under the PM Awas Yojana to complete 80 lakh houses in 2022-23?
A) 56000 crore
B) 48000 crore
C) 66000 crore
D) 38000 crore
E) None of these
Answer – B) 48000 crore
Explanation:
An amount of Rs. 48000 crore is allocated under the PM Awas Yojana to complete 80 lakh houses in 2022-23.
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Summary
This blog is based on the highlights of the 2022 Union Budget. In fact, it is the 1st part of our
3-part series on this year’s budget. So, do stay tuned in to this space for further coverage on budget and other Current Affairs topics. Finally, if you have any doubts or questions, you can write in on the mail id given above and seek guidance from our experts.