20 February 2026
Explication
The Odisha Budget for 2026-27 was officially presented by Mohan Majhi on 20 February 2026, making this the correct chronological event date.
20 February 2026
Explication
The Odisha budget for 2026-27 was presented on 20 February 2026, as explicitly stated in the course content.
Odisha Finance Department
Explication
The Odisha Finance Department is responsible for compiling and publishing the official economic outlook and GSDP projections, as reflected in the Odisha Economic Survey and Odisha Budget documents. While the Chief Minister & Finance Minister presents the budget, the formulation of economic data is credited to the finance department, making it the correct attribution.
The significant contribution of mining royalties to non-tax revenue
Explication
The large contribution of mining royalties (74.65%) to Odisha's non-tax revenue significantly boosts its fiscal resources, enabling it to maintain a surplus and fund development initiatives. This reliance on mineral royalties is a key cause behind its strong fiscal health.
Approximately 37%
Explication
Administrative expenditure in Odisha's 2026-27 budget accounts for about 37% of the total budget, covering salaries, pensions, and operational costs, which is explicitly stated in the detailed budget breakdown.
Revenue surplus shows the excess income over expenditure, while fiscal deficit indicates the shortfall that needs to be financed through borrowing.
Explication
Revenue surplus indicates the government's excess income over its expenses, implying a healthy fiscal position, whereas fiscal deficit represents the shortfall that must be financed through borrowing. They are contrasting but related indicators, with surplus being positive and deficit negative, both expressed as a percentage of GSDP, making option 0 the correct choice.
It aims to establish a rural employment and livelihood guarantee program with a ₹5,575 crore budget.
Explication
The VB-GRAM-G scheme is specifically designed to provide guaranteed employment and livelihood opportunities in rural areas, with an allocated budget of ₹5,575 crore, making it a rural employment and livelihood guarantee program.
Prioritizing the construction of expressways and urban transport to improve connectivity and reduce congestion.
Explication
The allocation of ₹10,738 crore for urban development is aimed at improving connectivity, transport infrastructure, and urban services, which are essential for sustainable urban growth. Prioritizing expressways and urban transport projects helps reduce congestion, improve mobility, and support economic development, making this the most effective use of the funds in promoting sustainable urbanization.
To replace MGNREGA and provide guaranteed employment and livelihood opportunities in rural regions
Explication
The VB-GRAM-G scheme is explicitly described as a rural employment and livelihood scheme introduced to replace MGNREGA, with the main purpose of providing guaranteed employment and livelihood opportunities in rural areas, thereby supporting rural development and poverty alleviation.
The income generated from taxes, non-tax sources, and transfers that is used for day-to-day government expenses
Explication
Revenue receipts are the income that the government expects to earn during the financial year from taxes, non-tax sources like mining royalties, and transfers from the central government. They are used for recurring expenses and daily administration, not for long-term investments or sale of assets.
Mémorisez les réponses avec 19 flashcards sur Odisha Budget 2026-27: Fiscal and Development Insights.
Odisha Budget Outlay — amount?
₹3.1 lakh crore, 28% of GSDP
Core Philosophy — focus?
Welfare of People and Progress of State
Six Pillars — includes?
People First, Rural Empowerment, Prosperity, Legacy, Technology, Governance
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