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

    Question

    What was the total revenue receipts as per the budget

    estimate for the year 2022-23?
    A 43701 cr Correct Answer Incorrect Answer
    B 51474.27 cr Correct Answer Incorrect Answer
    C 8404.96 cr Correct Answer Incorrect Answer
    D 9130.16 cr Correct Answer Incorrect Answer

    Solution

    The government uses various financial tools to manage its expenses, including direct and indirect taxes, as well as non-tax revenue. In the fiscal year 2022-23, the budget estimates indicate total revenue receipts of ₹51,474.27 crore. This represents a 17.79% increase compared to the revised estimates for the previous year, which were ₹43,701.23 crore. These revenue receipts include money from taxes, non-tax sources, and grants-in-aid received from the central government. These funds are allocated for both administrative and developmental purposes.

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