India Budget (Latest) MCQs for LDC
Practice 20 free India Budget (Latest) questions under Current Economic Reports — Economy.
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LDC — 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 regarding the implementation model of the 5 Regional Medical Hubs: 1. They will be constructed and operated entirely through 100% foreign direct investment without state interference. 2. The government will support states in establishing these hubs utilizing Public-Private Partnerships (PPP). Which of the statements given above is/are correct?
Question 2 of 20
To democratize global market access for local artisans and MSMEs operating via e-commerce platforms, the government has completely removed the existing value cap per consignment on courier exports. What was the monetary limit of this previous value cap?
Question 3 of 20
Which of the following describes the dual outcome expected from promoting Medical Tourism as outlined in the strategy?
Question 4 of 20
To seamlessly unify statutory accounting with tax accounting, the Income Computation and Disclosure Standards (ICDS) are mandated to be fully integrated into Indian Accounting Standards (IndAS) by which specific Tax Year?
Question 5 of 20
During which specific phase of long-gestation projects does the Infrastructure Risk Guarantee Fund (IRGF) provide partial credit guarantees?
Question 6 of 20
Assertion (A): The Union Budget 2026-27 prioritizes asset creation over operational subsidies. Reason (R): Broad-based consumption subsidies provide long-term structural resilience and insulate the domestic economy from global shocks.
Question 7 of 20
Which specific demographic transition is targeted by the specialized support mechanisms outlined in the economic policy?
Question 8 of 20
Which of the following resources is NOT highlighted as a critical logistical or infrastructural challenge for establishing semiconductor fabrication units?
Question 9 of 20
When comparing recent fiscal policy to the pandemic-era budgets, there is a distinct structural shift. This shift is best described as a transition from:
Question 10 of 20
Assertion (A): The CCUS technology scaling is vital for the resilience of Indian heavy industry. Reason (R): International carbon pricing mechanisms like the EU's CBAM threaten the competitiveness of Indian exports.
Question 11 of 20
Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The aggressive hike in the Securities Transaction Tax (STT) on derivatives immediately suppressed market liquidity and triggered intraday volatility. Reason (R): The STT hike was fundamentally intended to subsidize agricultural infrastructure by increasing trading costs for all participants. In the context of the above, which one of the following is correct?
Question 12 of 20
Regarding the IT Sector Safe Harbour Rules, which of the following best describes the core operational benefit for Global Capability Centres (GCCs)?
Question 13 of 20
Assertion (A): To encourage urban financial independence, large cities are heavily incentivized to issue municipal bonds. Reason (R): The government is offering a ₹100 crore grant for single municipal bond issuances that exceed ₹1,000 crore. Select the correct answer from the codes given below:
Question 14 of 20
What is the primary strategic utility of the ₹17.15 lakh crore 'effective capex' outlay in the macroeconomic framework?
Question 15 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 16 of 20
What is the intended macroeconomic outcome of establishing a 'trust-based, data-driven approach' that replaces the historically 'punitive and highly litigious' tax machinery?
Question 17 of 20
Which two North-Eastern states are notably absent from the six-state coverage of the North-East Development (Buddhist Circuits) scheme?
Question 18 of 20
What is the official effective date of the Income Tax Act, 2025?
Question 19 of 20
Which specific legislative hurdle caused the Income Tax Act of 1961 to be widely characterized as having a 'highly complex, voluminous, and often contradictory legal framework'?
Question 20 of 20