India Budget (Latest) MCQs for CET 12th Level

Practice 20 free India Budget (Latest) questions under Current Economic ReportsEconomy.

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CET 12th Level — Current Economic Reports — India Budget (Latest)

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

Consider the following statements: 1. The new Act imposes several new direct taxes to fund modernization. 2. The new Act replaces archaic legal jargon with simple, contemporary language. 3. The new Act utilizes a dual-year system for strict compliance tracking. Which of the statements given above is/are NOT correct?

Question 2 of 20

The 'rejuvenation of legacy industrial clusters' is a critical component of accelerating economic growth. What does this rejuvenation practically entail in a modern policy framework?

Question 3 of 20

The pursuit of economic growth aims to enhance 'national competitiveness' and which other critical macroeconomic metric associated with input efficiency?

Question 4 of 20

According to the trajectory established in the budget, what is the projected change in the debt-to-GDP ratio from FY25 to FY27?

Question 5 of 20

Niche diye gaye statements ko dhyan se padhein: Assertion (A): Budget me Income Tax ke slabs aur deductions me koi badlav nahi kiya gaya hai, jo ki ek chinta ka vishay hai. Reason (R): Jab mehangai badhti hai aur tax slab wahi rehte hain, toh middle class logon ki khareedne ki himmat toot jati hai, jisse market ki demand (private consumption) thandi pad sakti hai. Inmein se kaunsa vikalp sahi hai?

Question 6 of 20

In the context of addressing manpower shortages in the healthcare and Medical Tourism sector, what is the quantitative target set for training Allied Health Professionals (AHPs) over the next 5 years?

Question 7 of 20

Corporate tax ki prakriya ko asaan banane ke liye, naye niyam ke mutabik kin procedures ko mila kar ek 'single common order' nikalne ka prabandh kiya gaya hai?

Question 8 of 20

Consider the following statements regarding the Bharat-VISTAAR platform: 1. It is accessible only through modern smartphones and high-speed internet. 2. It integrates scientific practices from the Indian Council of Agricultural Research (ICAR) alongside state land records. 3. It acts as a digital companion by providing real-time advisories in over 22 regional languages. Which of the statements given above is/are correct?

Question 9 of 20

What is the total financial outlay and the designated implementation timeframe for the Biopharma SHAKTI program?

Question 10 of 20

How many specialized sub-parts constitute the Integrated Programme for Textiles aimed at rejuvenating the apparel sector?

Question 11 of 20

Consider the following statements regarding the tax holiday provided for data centers: 1. It is available to domestic companies operating solely within rural India. 2. It is valid up until the year 2047. 3. A strict condition is that the data center infrastructure used for global cloud services must be located within India. Which of the statements given above are correct?

Question 12 of 20

Consider the following statements: 1. The value of biogas is included while calculating the central excise duty on biogas-blended CNG. 2. Goods required for Nuclear Power Projects are exempted from BCD until 2035. 3. The IRGF provides partial credit guarantees to lenders. Which of the statements given above is/are INCORRECT?

Question 13 of 20

In an aggressive move to curtail bogus tax evasion claims, the newly introduced employee investment declaration Form 124 mandates which unprecedented specific disclosure regarding rented accommodation?

Question 14 of 20

What is expected to be a major practical impact of eliminating obsolete provisions and improving structural clarity in the new tax law?

Question 15 of 20

The 'Purvodaya' scheme, identified as a highly targeted geographic intervention, primarily aims at which of the following developmental goals?

Question 16 of 20

The formalization of the 'care economy' is emphasized under which specific strategic pillar of the budget?

Question 17 of 20

How many reservoirs and Amrit Sarovars are targeted for integrated development under the recent inland fisheries initiatives?

Question 18 of 20

Match List-I (Fiscal Year) with List-II (Actuals/Estimates for Fiscal Deficit as % of GDP): List-I A. 2024-25 (Actuals) B. 2025-26 (Revised Estimates) C. 2026-27 (Budget Estimates) List-II 1. 4.4% 2. 5.6% 3. 4.3% Select the correct answer using the codes given below:

Question 19 of 20

Which specific value correctly represents the Net Tax Receipts as per the Budget Estimates of 2026-27?

Question 20 of 20

Which among the following policy actions directly resulted in triggering intraday volatility upon the budget's announcement?

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