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)
Rs 50,000 crores
Correct AnswerRs 45,000 crores
Incorrect AnswerRs 20,000 crores
Incorrect AnswerRs 15,000 crores
Incorrect AnswerRs 30,000 crores
Incorrect AnswerExplanation:
- 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.
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By: Parvesh Mehta