English Language Quiz For Union Budget 2023- 1st February

Directions (1-5): Given sentences are not in their exact position. Rearrange them to make a coherent paragraph and then answer the questions given below.

(A) The FM added that the government remains committed to bringing the fiscal deficit down to 4.5 per cent of the GDP by 2025-26.
(B) The government has estimated the fiscal deficit for 2023-24 at 5.9 per cent of the GDP, the finance minister said while presenting Union Budget 2023-24 in Parliament.
(C) Indian government will seek to lower its fiscal deficit while offering incentives for investment.
(D) The NITI Aayog’s state support mission will be continued for three years, she added.
(E) Moreover, in a boost for states, the FM said that the 50-year interest-free loan to state governments will continue for a year more.

Q1. Which of the following options depicts the THIRD statement of the paragraph after the rearrangement?
(a) A
(b) B
(c) C
(d) D
(e) E

Q2. Which of the following options depicts the SECOND statement of the paragraph after the rearrangement?
(a) A
(b) B
(c) C
(d) D
(e) E

Q3. Which of the following options depicts the FIRST statement of the paragraph after the rearrangement?
(a) A
(b) B
(c) C
(d) D
(e) E

Q4. Which of the following options depicts the FOURTH statement of the paragraph after the rearrangement?
(a) A
(b) B
(c) C
(d) D
(e) E

Q5. Which of the following options depicts the LAST statement of the paragraph after the rearrangement?
(a) A
(b) B
(c) C
(d) D
(e) E

Directions (1-15): In each of the questions given below four words are given in bold. These four words may or may not be in their correct position. The sentence is then followed by options with the correct combination of words that should replace each other in order to make the sentence grammatically and contextually correct. Find the correct combination of the words that replace each other. If the sentence is correct as it is then select option (e) as your choice.

Q6. The government plans (A) to set up a single window registrations (B) for system (C) and approvals (D) in IFSC Gift City.
(a) Only A-B
(b) Both A-B and C-D
(c) Only C-D
(d) Only B-C
(e) No interchange required

Q7. In a big slabs (A) for the announce (B) class, FM Sitharaman did not salaried (C) any change in income tax disappointment (D) for 2022-23.
(a) Only A-B
(b) Both A-D and B-C
(c) Only C-D
(d) Only A-C
(e) No interchange required

Q8. FM Sitharaman has among (A) an outlay of Rs 35,000 crore to achieve energy transition (B) and net zero objectives and listed (C) green growth proposed (D) seven priorities of the government.
(a) Only B-C
(b) Both A-B and C-D
(c) Only A-D
(d) Only A-C
(e) No interchange required

Q9. A/an outlay (A) credit guarantee scheme (B) for MSMEs with a/an revamped (C) of Rs 9,000 crore will be launched (D) on April 1.
(a) Only A-B
(b) Both A-B and C-D
(c) Only C-D
(d) Only A-C
(e) No interchange required

Q10. The government (A) plans to set up National Financial Information Registry for facilitating (B) the efficient flow of credit (C) and fostering financial stability (D).
(a) Only A-B
(b) Both A-B and C-D
(c) Only C-D
(d) Only A-C
(e) No interchange required

Directions (11-15): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, options are given. Find out the appropriate word which fits into the blank appropriately.
Finance Minister Nirmala Sitharaman made major announcements on personal income tax to ______(11)_____ the “hard-working” middle class. She also said that while the new tax regime would be the ______(12)_____, tax payers could opt for the old one.
Sitharaman proposed to raise the ______(13)_____ limit from Rs 5 lakh to Rs 7 lakh in the new tax regime. Therefore, if an individual has opted for the new tax regime, he or she will not be required to pay any tax up to an annual income of Rs 7 lakh.
The lower tax regime for individuals was ______(14)_____ in 2020 under Section 115BAC as a simpler alternative, without claiming any investment-related deductions or exemptions. The new regime had more slabs than the previous one.
However, this regime has not seen many takers so far, as it is considered more ______(15)_____.

Q11. (a) determine
(b) benefit
(c) rescue
(d) recognize
(e) withdraw

Q12. (a) default
(b) resolution
(c) operation
(d) secured
(e) alternatives

Q13. (a) withdrawal
(b) money
(c) investment
(d) GDP
(e) rebate

Q14. (a) gathered
(b) optimized
(c) reduced
(d) introduced
(e) collaborated

Q15. (a) complicated
(b) helpful
(c) simpler
(d) vital
(e) indispensable

S1. Ans. (c)
Sol. For the financial year 2023-2024, the finance minister of the country has announced the budget. The given statement has mentioned two subjects which are included in the budget. Statement (B) perfectly stands as an introductory sentence of the paragraph, which mentions about the estimations made about the fiscal deficit for 2023-2024. Statement (A) should be the next in the sequence which again mentions about fiscal deficit. It states about the government intentions to bring it down to 4.9 percent of GDP. Statement (C) should be the third statement which mentions about the government’s strategy to lower its fiscal deficits. Statement (E) is the fourth sentence. It should be noted that the word ‘moreover’ is used to provide additional information. It states about the initiative mentioned by FM to support the states by providing them 50-years interest free loan. The concluding statement is sentence (D) which states the government support towards the states for another three years. Therefore, the final sequence formed is BACED.

S2. Ans. (a)
Sol. For the financial year 2023-2024, the finance minister of the country has announced the budget. The given statement has mentioned two subjects which are included in the budget. Statement (B) perfectly stands as an introductory sentence of the paragraph, which mentions about the estimations made about the fiscal deficit for 2023-2024. Statement (A) should be the next in the sequence which again mentions about fiscal deficit. It states about the government intentions to bring it down to 4.9 percent of GDP. Statement (C) should be the third statement which mentions about the government’s strategy to lower its fiscal deficits. Statement (E) is the fourth sentence. It should be noted that the word ‘moreover’ is used to provide additional information. It states about the initiative mentioned by FM to support the states by providing them 50-years interest free loan. The concluding statement is sentence (D) which states the government support towards the states for another three years. Therefore, the final sequence formed is BACED.

S3. Ans. (b)
Sol. For the financial year 2023-2024, the finance minister of the country has announced the budget. The given statement has mentioned two subjects which are included in the budget. Statement (B) perfectly stands as an introductory sentence of the paragraph, which mentions about the estimations made about the fiscal deficit for 2023-2024. Statement (A) should be the next in the sequence which again mentions about fiscal deficit. It states about the government intentions to bring it down to 4.9 percent of GDP. Statement (C) should be the third statement which mentions about the government’s strategy to lower its fiscal deficits. Statement (E) is the fourth sentence. It should be noted that the word ‘moreover’ is used to provide additional information. It states about the initiative mentioned by FM to support the states by providing them 50-years interest free loan. The concluding statement is sentence (D) which states the government support towards the states for another three years. Therefore, the final sequence formed is BACED.

S4. Ans. (e)
Sol. For the financial year 2023-2024, the finance minister of the country has announced the budget. The given statement has mentioned two subjects which are included in the budget. Statement (B) perfectly stands as an introductory sentence of the paragraph, which mentions about the estimations made about the fiscal deficit for 2023-2024. Statement (A) should be the next in the sequence which again mentions about fiscal deficit. It states about the government intentions to bring it down to 4.9 percent of GDP. Statement (C) should be the third statement which mentions about the government’s strategy to lower its fiscal deficits. Statement (E) is the fourth sentence. It should be noted that the word ‘moreover’ is used to provide additional information. It states about the initiative mentioned by FM to support the states by providing them 50-years interest free loan. The concluding statement is sentence (D) which states the government support towards the states for another three years. Therefore, the final sequence formed is BACED.

S5. Ans. (d)
Sol. For the financial year 2023-2024, the finance minister of the country has announced the budget. The given statement has mentioned two subjects which are included in the budget. Statement (B) perfectly stands as an introductory sentence of the paragraph, which mentions about the estimations made about the fiscal deficit for 2023-2024. Statement (A) should be the next in the sequence which again mentions about fiscal deficit. It states about the government intentions to bring it down to 4.9 percent of GDP. Statement (C) should be the third statement which mentions about the government’s strategy to lower its fiscal deficits. Statement (E) is the fourth sentence. It should be noted that the word ‘moreover’ is used to provide additional information. It states about the initiative mentioned by FM to support the states by providing them 50-years interest free loan. The concluding statement is sentence (D) which states the government support towards the states for another three years. Therefore, the final sequence formed is BACED.

S6. Ans. (d)
Sol. The correct interchange of words is B-C and the sentence formed is:
The government plans (A) to set up a single window system (C) for registrations (B) and approvals (D) in IFSC Gift City.

S7. Ans. (b)
Sol. The correct interchanges of words are A-D and B-C and the sentence formed is:
In a big disappointment (D) for the salaried (C) class, FM Sitharaman did not announce (B) any change in income tax slabs (A) for 2022-23.

S8. Ans. (c)
Sol. The correct interchange of words is A-D and the sentence formed is:
FM Sitharaman has proposed (D) an outlay of Rs 35,000 crore to achieve energy transition (B) and net zero objectives and listed (C) green growth among (A) seven priorities of the government.

S9. Ans. (d)
Sol. The correct interchange of words is A-C and the sentence formed is:
A revamped (C) credit guarantee scheme (B) for MSMEs with an outlay (A) of Rs 9,000 crore will be launched (D) on April 1.

S10. Ans. (e)
Sol. All the highlighted words in the given sentence are correctly placed hence, no interchanges is required.

S11. Ans. (b)

Sol.Determine- cause (something) to occur in a particular way or to have a particular nature.
Benefit- an advantage or profit gained from something.
Rescue- save (someone) from a dangerous or difficult situation.
Recognize- identify (someone or something) from having encountered them before; know again.
Withdraw- remove or take away (something) from a particular place or position.

S12. Ans. (a)
Sol. Default- (of a device or computer program) revert automatically to (a preselected option).
Resolution- a firm decision to do or not to do something.
Operation- the action of functioning or the fact of being active or in effect.
Secured- protect against threats; make safe.
Alternatives- one of two or more available possibilities.
S13. Ans. (e)
Sol. Withdrawal- the action of withdrawing something.
Money- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
Investment- the action or process of investing money for profit.
GDP- GDP measures the monetary value of final goods and services
Rebate- a partial refund to someone who has paid too much for tax, rent, or a utility.
S14. Ans. (d)
Sol. Gathered- come together; assemble or accumulate.
Optimized- make the best or most effective use of (a situation or resource).
Reduced- make smaller or less in amount, degree, or size.
Introduced- bring (something, especially a product, measure, or concept) into use or operation for the first time.
Collaborated- work jointly on an activity or project.
S15. Ans. (a)
Sol. Complicated- consisting of many interconnecting parts or elements; intricate.
Helpful- giving or ready to give help.
simpler- easily understood or done; presenting no difficulty.
vital- absolutely necessary; essential.
indispensable- absolutely necessary.

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