Multiple Choice Questions on How much amount has been allocated for the hospitality sector in the Emergency Credit Line Extension........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

How much amount has been allocated for the hospitality sector in the Emergency Credit Line Extension...........

General Awareness (SEBI) Indian Economy
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    How much amount has been allocated for the hospitality sector in the Emergency Credit Line Extension Scheme in the Union Budget 2022-23? 

    This questions was previously asked in
    SEBI Grade A (Ph 1 Paper 1 2022)
    View All SEBI Previous Year Papers

    Rs 50,000 crores 

    Correct Answer

    Rs 45,000 crores 

    Incorrect Answer

    Rs 20,000 crores 

    Incorrect Answer

    Rs 15,000 crores

    Incorrect Answer

    Rs 30,000 crores

    Incorrect Answer
    Explanation:

    - In the Union Budget 2022-23, the Emergency Credit Line Guarantee Scheme (ECLGS) was extended, specifically to support sectors like hospitality and related industries affected by COVID-19.

    - The finance minister announced an additional allocation of Rs 50,000 crores for this extension.

    - This brought the total cover under ECLGS to Rs 5 lakh crores.

    - Option 1: Rs 50,000 crores – This is the correct and announced additional allocation for hospitality & related sectors.

    - Option 2: Rs 45,000 crores – Not announced in the budget.

    - Option 3: Rs 20,000 crores – No such figure was indicated.

    - Option 4: Rs 15,000 crores – Also not mentioned.

    - Option 5: Rs 30,000 crores – Similarly not correct.

    By: Parvesh Mehta
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