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India Budget (Latest) MCQs for Rajasthan SI

Practice 20 free India Budget (Latest) questions under Current Economic Reports — Economy.

Strengthen your India Budget (Latest) knowledge for Rajasthan SI with curated MCQs. Switch between Hindi and English anytime.

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

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

Select the correct chronological ascending sequence of Total Expenditure (in lakh crore) for the financial years 2024-25, 2025-26, and 2026-27:

Question 2 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 3 of 20

Given below are two statements, one labelled as Assertion (A) and the other as Reason (R): Assertion (A): The deadline for voluntarily revising a filed income tax return has been substantially extended to March 31 of the following year. Reason (R): The government desires to permit taxpayers to correct genuine reporting errors legally by paying a nominal fee, thereby avoiding severe post-facto scrutiny. Select the correct answer:

Question 4 of 20

According to the sectoral vision, what target has been set for India's services sector market share globally by the year 2047?

Question 5 of 20

What is the primary mechanism through which the Income Tax Act of 2025 guarantees the elimination of 'redundant provisions' that burdened taxpayers in the past?

Question 6 of 20

Which developmental scheme is identified as a highly targeted geographic intervention explicitly aimed at the industrialization of Eastern India?

Question 7 of 20

Niche diye gaye statements ko dhyan se padhein: Assertion (A): Budget me short-term handouts ya subsidies ke bajay structural solutions par jor diya gaya hai. Reason (R): Sarkar chahti hai ki credit aur project finance ke systemic risks ko directly theek kiya jaye, na ki sirf cash bailouts diye jayein. Inmein se kaunsa vikalp sahi hai?

Question 8 of 20

Match List-I (Sector/Initiative) with List-II (Associated Rate/Limit) and select the correct answer using the codes given below: List-I a. Vertical tax devolution share b. Safe harbour margin for cloud services c. Duty-free import limit for seafood processing inputs d. Flat LRS tax rate for medical purposes List-II i. 15% ii. 41% iii. 2% iv. 3%

Question 9 of 20

The development of 7 high-speed rail corridors is specifically referred to by which terminology in the infrastructure plans?

Question 10 of 20

The vision for a developed nation actively harmonizes structural economic reforms with 'targeted socio-economic empowerment.' How does targeted empowerment fundamentally differ from broad-based populist welfarism?

Question 11 of 20

Consider the following statements regarding the historic functioning of the Income Tax Act of 1961: 1. It maintained a structurally clean and static framework of exactly 536 sections. 2. Over six decades, thousands of amendments transformed it into a highly complex and contradictory legal framework. 3. It universally facilitated ease of doing business through the adoption of standard unified terminology. Which of the statements given above is/are correct?

Question 12 of 20

Which regulatory body is being upgraded with a dedicated scientific review cadre to meet global regulatory approval timeframes under the Biopharma SHAKTI scheme?

Question 13 of 20

Before transitioning to sovereign equipment manufacturing, what foundational capabilities were successfully established during the first phase of the India Semiconductor Mission (ISM 1.0)?

Question 14 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 15 of 20

Why was the eligibility threshold for transactions under the IT Sector Safe Harbour Rules drastically raised from ₹300 crore to ₹2,000 crore?

Question 16 of 20

What is the implied consequence of the mandate within Form 124 requiring the disclosure of 'landlord relationships' on traditional family tax planning?

Question 17 of 20

Which of the following data ecosystems are integrated into the Bharat-VISTAAR AI platform to generate customized agricultural advisories? 1. ICAR scientific practices 2. State land records 3. Weather forecasting ecosystems Select the correct answer using the codes below:

Question 18 of 20

To foster the foundational infrastructure of the AVGC sector, Content Creator Labs are established across how many secondary schools and colleges respectively?

Question 19 of 20

What is the primary rationale for excluding the value of biogas while calculating the central excise duty on biogas-blended CNG?

Question 20 of 20

Regarding the macroeconomic foundation required for future developmental goals (like Viksit Bharat), consider the following statements: I. The strategy demands a deep structural transformation rather than relying merely on incremental GDP growth. II. Investments in deep-tech manufacturing and energy transition technologies are considered secondary to agricultural subsidies. III. The financial formalization of the massive MSME sector is identified as a core strategic priority. Which of the statements given above are correct?

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