New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following statements with respect to the

    direct benefit transfers done by the government in the current financial year - I.The Centre has transferred assorted subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) worth about Rs 3.2 trillion so far in the current financial year. II.  The DBT transfers in FY24 are expected to be around Rs 7 trillion, the same level as in FY23. III. Of the DBT transfers so far in FY24, Rs 1.08 trillion  was in kind and the balance cash transfers to Aadhaar-linked banks accounts. Which of the following statements is/are correct?
    A Only I Correct Answer Incorrect Answer
    B Only I & II Correct Answer Incorrect Answer
    C Only II & III Correct Answer Incorrect Answer
    D Only III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      The Centre has transferred assorted subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) worth about Rs 3.2 trillion so far in the current financial year.   The DBT transfers in FY24 are expected to be around Rs 7 trillion, the same level as in FY23.  Of the DBT transfers so far in FY24, Rs 2.07 trillion or 65% was in kind and the balance cash transfers to Aadhaar-linked banks accounts. Subsidies worth about Rs 0.86 trillion were transferred to beneficiaries via foodgrains under the public distribution system (PDS) so far in FY24.  Among other major DBT schemes, the government has provided fertilizer subsidy worth Rs 1.21 trillion to farmers so far in FY24. Around Rs 42,000 crore have been transferred for the job guarantee scheme (MGNREGS) so far in FY24.

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