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1. In the budget 2024-25, the Bihar government has set a target of spending how many rupees?
a. 2.37 lakh crore rupees
b. 2.46 lakh crore rupees
c. 2.78 lakh crore rupees
d. 2.90 lakh crore rupees
Answer: c. 2.78 lakh crore rupees (2,78,725 crore)
– Deputy Chief Minister of Bihar, Samrat Choudhary, presented the budget for the financial year 2024-25 of the state on February 13, 2024.
– The Chief Minister here is Nitish Kumar.
– Budget for the financial year 2024-25: 2.78 lakh crores
– Budget for the previous financial year 2023-24: 2.61 lakh crores
– Difference compared to the previous budget: 16,840 crores
– Budgeted Income (Income) target: 2.78 lakh crores
– Revenue Receipts: 2.78 lakh crores
– Capital Receipts: 52 thousand crores (including 51,688 crores of new loans and recovery of 439 crores of loans)
# Budgeted Expenditure target: 2.78 lakh crores
– Revenue Expenditure: 2.25 lakh crores
Capital Expenditure: 53 thousand crores
Note – Expenditure can also be categorized as follows:
– Scheme Expenditure: 1 lakh crore
– Establishment & Commitment Expenditure: 1.78 lakh crores
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2. Allocation of Budget and Percentage of Total Budget to Major Departments in Bihar:
– Department of Education: 52,639 crores, 18.89%
– Department of Health: 14,932 crores, 5.36%
– Department of Rural Development: 14,296 crores, 5.13%
– Department of Energy: 11,422 crores, 4.10%
– Department of Urban Development and Housing: 11,298 crores, 4.05%
– Department of Panchayati Raj: 11,025 crores, 3.96%
– Department of Rural Works: 9,532 crores, 3.42%
– Department of Social Welfare: 8,238 crores, 2.96%
– Department of Road Construction: 5,702 crores, 2.05%
– Department of Water Resources: 4,398 crores, 1.58%
– Department of Agriculture: 3,600 crores, 1.29%
– Department of Sports: 183 crores, 0.07%
Note – Additionally, several other departments have been allocated budgets.
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3. Bihar government has set the target of state’s fiscal deficit as what percent of GSDP in the budget 2024-25?
a. 0.47%
b. 1.98%
c. 2.47%
d. 2.98%
Answer: d. 2.98%
– Based on current values, it is estimated that Bihar’s Gross State Domestic Product (GSDP) is 9.76 lakh crore rupees.
– The fiscal deficit is estimated to be 2.98 percent of GSDP (29 thousand crore rupees).
– This is less than the loan limit set by the central government, which is 3.50 percent.
Fiscal Deficit = Total Non Debt Expenditure – Total Non Debt Receipts
– Total Non Debt Expenditure refers to total expenditure without loans.
– Total Non Debt Receipts refer to Revenue Receipts and Capital Receipts without loans.
– The amount left after deducting Revenue Receipts, loan recovery, and loan repayment from Total Expenditure is called the fiscal deficit.
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4. In the budget 2024-25, the Bihar government has set a target of what percent of the state’s Gross State Domestic Product (GSDP) growth rate?
a. 9.8%
b. 10.7%
c. 11.6%
d. 15.5%
Answer: d. 15.5%
– Bihar is one of the states consistently achieving high rates of economic development.
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5. According to the Bihar Economic Survey (2023-24), what was the growth of the Gross State Domestic Product (GSDP) of Bihar in 2022-23?
a. 3.2%
b. 10.64%
c. 8.68%
d. 11.49%
Answer: b. 10.64%
– Bihar experienced a remarkable growth of 10.64 percent in Gross State Domestic Product (GSDP) in the financial year 2022-23 compared to the base year 2011-12 constant value.
– Meanwhile, during this period (2022-23), the country’s Gross Domestic Product (GDP) growth rate was 7.24 percent. This means that compared to the nation, the state of Bihar is progressing at a faster pace.
– Bihar’s economy achieved the fastest growth rate (10.64%) compared to all states and union territories governed directly by the central government.
– Assam secured the second position with a development rate of 10.2 percent.
– Delhi ranked third with a recorded development rate of 9.2 percent.
GSDP in 2022-23 (at constant value):
– GSDP for the financial year 2022-23 (at constant value of the base year 2011-12): 4.42 lakh crore rupees
– Whereas the actual value of GSDP during the same period: 7.51 lakh crore rupees
– Estimated GSDP in 2024-25 (at constant value of the base year 2011-12): 7.5 lakh crore rupees
GSDP in Rupees (at actual value):
– 2024-25: 9.76 lakh crore rupees
– 2023-24: 8.58 lakh crore rupees
– 2022-23: 7.51 lakh crore rupees
Reasons for rapid growth in GSDP:
– There was rapid growth in livestock, fisheries, aquaculture, mining, electricity, gas, water supply, public utilities, storage, air transport, financial services, and public administration.
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6. According to Bihar Budget 2024-25, how much public debt does the state have?
a. 2,97,908 crore
b. 1,97,908 crore
c. 97,908 crore
d. 7,908 crore
Answer: a. 2,97,908 crore
– The outstanding public debt is estimated at Rs. 297908 crore in 2024-25 which is 30.51% of GSDP of Rs. 976514 crore.
– Total debt including liability in public account estimate is Rs. 348370 crore in 2024-25 which is 35.67% of GSDP of Rs. 976514 crore
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7. How much amount has Bihar Government made provision for seven Nishchay-2 schemes in Budget 2024-25?
a. 2040 crore
b. 5040 crore
c. 8040 crore
d. 15040 crore
Answer: b. 5040 crore
The 7 resolves of the Bihar government – 2
1. Youth Power – Progress of Bihar
2. Empowered Women – Capable Women
3. Clean Village – Prosperous Village
4. Easy Accessibility
5. Additional Health Facilities for Everyone
6. Clean City – Developed City
7. Water for Irrigation to Every Field
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8. Government Jobs
– Chief Minister Nitish Kumar has stated that within one year, 8 lakh appointments will be fulfilled. Five lakh appointments have already been made. We will achieve our goal of 10 lakh jobs and 10 lakh employments in any case.
– The process of reinstatement to 67,735 police posts will commence.
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