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Previous Year Questions

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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 2 >> General Awareness

Question :

To strengthen the hands of the States in the spirit of cooperative fiscal federalism, the scheme for providing financial assistance to the States for capital expenditure introduced in FY 2022-23 has been extended in FY 2023-24, with the enhanced outlay of how many crores?

1. ₹1.05 lakh crore

2. ₹1.13 lakh crore

3. ₹1.21 lakh crore

4. ₹1.30 lakh crore

5. ₹1.37 lakh crore

Correct Answer : 4
Solution :

The Government of India introduced the 'Special Assistance to States for Capital Investment' scheme to bolster capital expenditure by states. In the financial year 2023-24, the scheme was extended with an enhanced outlay of ₹1.30 lakh crore, marking a 30% increase over the Budget Estimate of the previous year. This allocation aims to support various capital projects across states, contributing significantly to infrastructure development and economic growth.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

SBI PO

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Amit Mandal

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S B Tanay Gaurav

Rank #1

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