Question Bank - Banking & Financial Services

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As per the Union Budget 2022, India to provide ____________ as development assistance to other nations.

A.
7262 crore
B.
6292 crore
C.
8292 crore
D.
10000 crore

Solution:

The correct answer is 6292 crore. India has set aside in its budget an amount of Rs 200 crore as development assistance to Afghanistan. Finance Minister Nirmala Sitharaman (As of Feb 2022) allocated a total of Rs 17,250 crore to the Ministry of External Affairs in the Union Budget 2022-23. Out of this, Rs 6,292 crore is for development assistance to countries in India's neighborhood as well as in Africa and Latin America. Important PointsBhutan got the maximum outlay of over Rs 2,266 crore while development assistance for Nepal and Myanmar has been pegged at Rs 750 crore and Rs 600 crore respectively. An amount of Rs 360 crore has been earmarked for the Maldives, while the developmental aid for Bangladesh is pegged at Rs 300 crore and the outlay for Sri Lanka was Rs 200 crore. ?The African countries will be provided development assistance worth Rs 250 crore, while Rs 140 crore has been earmarked for the Eurasian countries.

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