On 24 October 2017, the Government of India announced a massive package of what approximate size in lakh crore rupees to boost the economy through bank recapitalisation and infrastructure spending?

Introduction / Context:
This question is drawn from contemporary economic policy in India. In October 2017, the Government of India announced a large package combining bank recapitalisation and infrastructure spending to stimulate growth, address stressed assets, and improve roads and connectivity. The question asks you to recall the approximate total size of this package measured in lakh crore rupees.

Given Data / Assumptions:

• The date is 24 October 2017.
• The package aimed to boost the economy.
• It included major components like bank recapitalisation and road building.
• Options present four approximate values in lakh crore rupees.

Concept / Approach:
On that date, the government announced a recapitalisation plan for public sector banks along with a large road building programme. The recapitalisation plan was around a little more than two lakh crore and the road programme was around seven lakh crore, together being spoken of as a package of roughly nine lakh crore rupees. Many current affairs sources summarised the combined announcement as a nine lakh crore boost to the economy.

Step-by-Step Solution:
Step 1: Recall that the bank recapitalisation component was a little above two lakh crore.Step 2: Recall that the road and infrastructure component was around seven lakh crore.Step 3: Add the approximate figures, giving a total near nine lakh crore.Step 4: Compare this with the answer choices: seven, nine, fifteen and five lakh crore.Step 5: Select nine lakh crore as the rough combined package size highlighted in the announcement.

Verification / Alternative Check:
Newspaper reports and exam oriented notes from late 2017 frequently describe the government decision as a nine lakh crore package where bank recapitalisation and road connectivity plans were together projected as a major stimulus to economic growth and employment. This figure was widely quoted in editorials and economic reviews, confirming that nine lakh crore is the value expected in competitive exam answers.

Why Other Options Are Wrong:
Seven lakh crore roughly matches only the road programme and does not include the recapitalisation component, so it understates the size of the combined package. Fifteen lakh crore exceeds the reported figure by a wide margin and was not the value publicised at the time. Five lakh crore is also far below the total and does not reflect the scale of the policy move. Hence, only nine lakh crore correctly represents the approximate combined value presented to the public.

Common Pitfalls:
Candidates may remember only one component, such as the large road programme or the bank recapitalisation plan, and mistakenly choose the figure associated with that single part. Others may confuse this package with other later schemes that involve different amounts. To answer reliably, it helps to associate the year 2017 with the specific nine lakh crore combination of banking support and infrastructure expansion.

Final Answer:
On 24 October 2017, the Government of India announced a combined economic package of about Rs 9 lakh crore.