Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

Indian Government's budget for 2012-13 expects GDP growth rate of

A.
7.60%
B.
7.80%
C.
8.00%
D.
8.20%

Solution:

The correct answer is 7. 6%. Indian Government Budget 2012-13Budget is a statement of the estimated receipts and expenditures of the Government in a financial year which begins on 1 April of the Current Year and ends on 31 March of the following year. The Union Budget for 2012-13 had been announced by Mr. Pranab Mukherjee, then Finance Minister of India on 16 March 2012. GDP growth to be 7. 6% during 2012-13. Fiscal Deficit targeted at 5. 1% of GDP in 2012-13. Total expenditure budgeted at Rs. 14,90,925 crores in 2012-13. Gross Tax receipts estimated at Rs. 10,77,612 crores in 2012-13. Additional InformationAccording to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement. The Finance Minister, Mrs. Nirmala Sitharaman introduced Budget 2021-22 on 1 February 2021. GDP is expected to grow at 14. 4% during 2021-2022.

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