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Which of the following statements is INCORRECT regarding the Union Budget 2024-25?
Focus on four major castes: Garib, Mahila, Yuva, and Annadata.
Allocation for infrastructure development increased by 11.1%.
Aim to reduce fiscal deficit to below 4.5% by FY26.
Introduction of a new tax slab for income up to 10 lakhs.
Introduction of a new tax slab for income up to 10 lakhs.
Option D is incorrect because the Union Budget 2024-25 revised tax slabs and increased the standard deduction under the new tax regime rather than introducing a standalone new tax slab specifically for income up to 10 lakhs. Options A, B, and C accurately state the core welfare pillars, infrastructure emphasis, and the fiscal deficit target of below 4.5% by FY26.
Option D is incorrect because the Union Budget 2024-25 revised tax slabs and increased the standard deduction under the new tax regime rather than introducing a standalone new tax slab specifically for income up to 10 lakhs. Options A, B, and C accurately state the core welfare pillars, infrastructure emphasis, and the fiscal deficit target of below 4.5% by FY26.
Fiscal┬аDeficit=Total┬аExpenditureтИТTotal┬аReceipts┬а(excluding┬аborrowings) тАФ Measures the total borrowing requirements of the government
The budget emphasizes four major priority groups: Garib (Poor), Mahila (Women), Yuva (Youth), and Annadata (Farmers).
The government remains committed to its fiscal consolidation roadmap, aiming to bring the fiscal deficit below 4.5% by FY26.
Infrastructure development continues to receive high capital outlay and priority support.
Option A correctly highlights the core welfare focus of the budget.
Option B correctly identifies the strong emphasis on infrastructure development.
Option C correctly reflects the medium-term fiscal deficit target.
D is correct тАФ Option D is the incorrect statement regarding the Union Budget 2024-25.
For competitive exams like RRB JE, keep track of specific fiscal deficit targets, growth percentages, and primary welfare segments announced in the latest national budget.
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