Multiple Choice Questions on Arrange the following Expenditure on Subsidies during 2021 as mentioned in Economic Survey 2021 22 i........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Arrange the following Expenditure on Subsidies during 2021 as mentioned in Economic Survey 2021 22 i...........

Economic Affairs Public Finance and Debt Management
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    Arrange the following Expenditure on Subsidies during 2021, as mentioned in Economic Survey 2021- 22, in increasing order.

    1. Food Subsidy

    2. Fertilizer Subsidy

    3. Petroleum Subsidy

    Select the correct answer using the codes given below:

     

    1-2-3
     

    Incorrect Answer

    3-2-1
     

    Correct Answer

    2-1-3

    Incorrect Answer

    2-3-1

    Incorrect Answer
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    Explanation:

    Option B is correct

    • In 2021-22, the total expenditure on subsidies is estimated to be Rs 3,69,899 crore, an annual increase of 19% over 2019-20.
    • This is largely due to a higher allocation to food subsidies.
    • Allocation to food subsidy is estimated at Rs 2,42,836 crore in 2021-22.
    • Expenditure on fertilizer subsidy is estimated at Rs 79,530 crore in 2021-22.
    • Petroleum subsidy consists of subsidies on LPG and kerosene.
    • The allocation in 2021-22 is 64% lower than the 2020-21 revised estimate at Rs 14,073 crore.

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