IBPS PO General Awareness: Government Budget and Fiscal Policy questions with solutions

Q1. Amid a sharp increase in global fertilizer prices, Finance Minister Nirmala Sitharaman announced that the government would provide an additional fertilizer subsidy to farmers to help them cope with the price increase. With this, the government's total fertilizer subsidy was expected to reach how much in the fiscal year 2022–23?

1. ₹1.15 lakh crore
2. ₹1.50 lakh crore
3. ₹3.15 lakh crore
4. ₹2.15 lakh crore

Answer: ₹2.15 lakh crore

The announcement stated that after the additional support, the total fertilizer subsidy for 2022–23 would reach ₹2.15 lakh crore. This is the revised total figure asked in the question.