WBCS.LIVE practice question

The major percentage of Central Government subsidy in 2023-24 is on:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Food
  2. Interest
  3. Fertilizer
  4. Petroleum

Correct answer and explanation

Correct answer: Food

Explanation: In Union Budget 2023–24, the largest share of central government subsidy is on Food Subsidy. 📚 Other Information: ▪️ Food subsidy includes free/cheap food grains through the Public Distribution System (PDS). ▪️ Implemented under the National Food Security Act (NFSA), 2013. ▪️ Around 80 crore people benefit under this scheme. ▪️ ₹1.97 lakh crore was allocated for food subsidy in 2023–24. ▪️ Fertiliser subsidy is the second-largest subsidy component. ▪️ Petroleum subsidies have reduced over the years. ▪️ Ensures food security for vulnerable sections of society. ▪️ Strengthens government’s welfare and poverty alleviation programmes.