India Budget (Latest) MCQs for CET Graduate
Practice 20 free India Budget (Latest) questions under Current Economic Reports — Economy.
Strengthen your India Budget (Latest) knowledge for CET Graduate with curated MCQs. Switch between Hindi and English anytime.
CET Graduate — Current Economic Reports — India Budget (Latest)
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Match List-I (FAST DS Category) with List-II (Financial Liability/Penalty) and select the correct answer using the codes given below: List-I A. Category A (Up to 1 Crore undisclosed asset) B. Category B (Up to 5 Crore asset, income previously disclosed) List-II 1. Nominal flat fee of 1 Lakh for absolute immunity 2. Liability of 30% tax combined with a 30% penalty
Question 2 of 20
The 'High Level Committee on Banking for Viksit Bharat' has been established to review the financial sector primarily to align it with which of the following?
Question 3 of 20
Corporate Mitras scheme ke sahare sarkar MSMEs ki madad karna chahti hai. Aise me in Mitras ko specifically kon se professional bodies se monitor karwana jaroori man gaya hai?
Question 4 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 5 of 20
Which specific sub-initiative under the Integrated Programme for Textiles focuses on promoting sustainability in the apparel sector?
Question 6 of 20
Consider the following Assertion (A) and Reason (R) regarding corporate buybacks: Assertion (A): Promoters now face an additional buyback tax, pushing their effective tax rates to 22% (corporate) and 30% (non-corporate). Reason (R): The government aims to promote the buyback route as the preferred method for companies to distribute tax-free wealth to promoters. Select the correct answer:
Question 7 of 20
The overarching macroeconomic strategy to transform India's manufacturing capabilities focuses aggressively on seven strategic and frontier sectors to achieve what ultimate outcome?
Question 8 of 20
What is the specific safe harbour margin on cost provided for related entities offering cloud services to deepen the domestic AI ecosystem?
Question 9 of 20
Before the introduction of the new Safe Harbour Rules, what was the erratic tax margin range applied to fragmented IT services like BPO and KPO?
Question 10 of 20
Which of the following elements is NOT a sub-part of the Integrated Programme for Textiles?
Question 11 of 20
How many workers are estimated to be employed by Micro, Small, and Medium Enterprises (MSMEs), establishing them as the bedrock of the economy?
Question 12 of 20
To enhance capacity building under the Second Kartavya, the deployment of Artificial Intelligence (AI)-driven tools is specifically targeted to improve:
Question 13 of 20
What specifically does the allocation of ₹40,000 crore target within the manufacturing sector?
Question 14 of 20
To ease the financial burden on patients, how many critical cancer drugs have been fully exempted from Basic Customs Duty (BCD)?
Question 15 of 20
Which specific segment of Authorized Economic Operators (AEOs) is the primary beneficiary of the extended duty deferral periods granted in the recent customs reforms?
Question 16 of 20
Assertion (A): The 'Bharat-VISTAAR' program entirely replaces human agricultural officers with autonomous farming robots across rural India. Reason (R): The primary objective is to democratize critical farming data and bridge the agricultural extension gap using Artificial Intelligence (AI). Choose the correct code:
Question 17 of 20
The deployment of AI-driven tools is specifically targeted to radically enhance agricultural yields and rural enterprise. What is the fundamental macroeconomic benefit of this technological intervention?
Question 18 of 20
Under the 'Purvodaya' mechanism aimed at industrializing the mineral-rich eastern states, a major logistical node for the integrated East Coast Industrial Corridor will be anchored at which of the following locations?
Question 19 of 20
Despite comprehensively replacing the 1961 legislation, which fundamental aspect of direct taxation remains largely unchanged under the new Income Tax Act 2025?
Question 20 of 20