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India Budget (Latest) MCQs for Rajasthan SI

Practice 20 free india budget (latest) multiple choice questions for Rajasthan SI exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.

Master India Budget (Latest) under Current Economic Reports for Rajasthan SI with our curated MCQ set. Every question is sourced from real Rajasthan exam patterns and updated regularly. Switch between Hindi and English anytime. Use this daily to strengthen weak areas before the exam.

Rajasthan SI — Current Economic Reports — India Budget (Latest)

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

Match List-I (Financial Component) with List-II (Percentage metric associated with it in 2026-27): List-I A. Interest payments' share of total expenditure B. Interest payments' share of revenue receipts C. Direct tax collections as % of GDP D. Indirect tax collections as % of GDP List-II 1. 4.3% 2. 6.9% 3. 26% 4. 40% Select the correct answer using the codes given below:

Question 2 of 20

The Biopharma SHAKTI initiative is primarily driven by a rapid shift in the disease burden towards which category of illnesses?

Question 3 of 20

Consider the following statements regarding customs duty rationalization for the leather and footwear industry: I. The time limit for the export of final products has been extended from 6 months to 1 year. II. Duty-free inputs have been expanded to include shoe uppers. Which of the statements given above is/are correct?

Question 4 of 20

What kind of specific ecologically sustainable trails are announced to be developed under the Tourism & Design strategy?

Question 5 of 20

Consider the following statements regarding the Portfolio Investment Scheme for Persons Resident Outside India (PROI): 1. The individual limit for equity investment in listed Indian companies has been doubled to 10%. 2. The aggregate limit for all PROIs has been raised to 24%. Which of the above statements is/are correct?

Question 6 of 20

The 'effective capital expenditure (capex)' metric provides a comprehensive view of public investment. What does it explicitly include in addition to the direct capital expenditure?

Question 7 of 20

Which specific geographic and economic blueprint proposes the development of an integrated East Coast Industrial Corridor?

Question 8 of 20

Under the new TReDS mechanism, what financial instrument allows MSME receivables to be bundled and sold to investors, thereby creating a highly liquid secondary market?

Question 9 of 20

Which specific technical correction allows a taxpayer to gain immunity from prosecution under the FAST DS scheme by merely paying a nominal ₹1 lakh fee?

Question 10 of 20

Consider the following statements regarding the integration of assessment and penalty proceedings: 1. It serves to reduce the multiplicity of litigation in corporate taxation. 2. It converts severe technical defaults directly into criminal imprisonments. Which of the above statements is/are correct?

Question 11 of 20

Which of the following interventions represents the specific strategy designed to integrate the North-East region into meaningful economic participation?

Question 12 of 20

What is the primary overarching objective of focusing on seven strategic and frontier sectors in the manufacturing industry?

Question 13 of 20

Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The government explicitly decided against aggressive revenue extraction as the primary goal of its modern direct tax reform. Reason (R): Heavy-handed revenue extraction historically crippled the 'Ease of Doing Business' and deterred sustainable, long-term capital inflow into the nation. In the context of the above two statements, which one of the following is correct?

Question 14 of 20

Assertion (A): The government deliberately reallocates funds from pure distress employment schemes toward structured enterprise creation. Reason (R): Structured enterprise creation provides durable, long-term capacity building, whereas distress employment schemes only offer temporary relief.

Question 15 of 20

Consider the following statements regarding the 10% nominal GDP growth target: 1. It represents the baseline for all revenue buoyancy expectations in the budget. 2. It assumes a 10% real economic expansion with 0% inflation. Which of the statements given above is/are correct?

Question 16 of 20

The 'Orange Economy' is explicitly promoted in modern fiscal policy for institutional capacity building. Which of the following specific activities forms the core of the Orange Economy?

Question 17 of 20

The total capital expenditure (Capex) is slated to increase to a record 12.22 lakh crore in 2026-27. This represents an exponential leap from the allocation made a decade ago in FY 2014-15, which was approximately:

Question 18 of 20

Consider the following statements regarding the strategy for large-scale formal job creation: I. The focus is exclusively on the traditional manufacturing sector to drive mass employment. II. Formal job creation is aggressively targeted through the services sector, specifically AVGC and the Care Economy. III. A major structural goal is to shift the labor force away from disguised agricultural unemployment toward structured urban employment. Which of the statements given above is/are correct?

Question 19 of 20

The newly introduced Income Tax Act 2025 provides a formal legal definition for which of the following asset classes?

Question 20 of 20

Assertion (A): The deployment of 'Corporate Mitras' has sparked intense debate regarding the blurring of professional boundaries. Reason (R): There is a systemic risk that para-professionals might overstep their mandate into complex advisory roles, compromising regulatory integrity if left unsupervised. Choose the correct code:

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