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India Budget (Latest) MCQs for RAS

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

Master India Budget (Latest) under Current Economic Reports for RAS 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.

RAS — Current Economic Reports — India Budget (Latest)

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

The establishment of 3 new National Institutes of Pharmaceutical Education and Research (NIPERs) and upgrading of 7 existing ones is a key mechanism of which initiative?

Question 2 of 20

What makes the 'Voice-First' architecture of the Bharat-VISTAAR platform structurally crucial for achieving deep agricultural digital inclusion?

Question 3 of 20

An enterprise evaluating the transition from the old tax regime to the new Income Tax Act, 2025 will notice the abolition of 'multi-layered TDS rules' and 'cumbersome tax return forms'. What overarching administrative goal does this specific simplification serve?

Question 4 of 20

Which specific economic growth model does the Union Budget 2026-27 leverage while adhering to a predetermined glide path of fiscal consolidation?

Question 5 of 20

Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The primary focus of the Income Tax Act, 2025 is to enact sweeping reductions to the mathematical tax rates applied to everyday individuals. Reason (R): Decreasing individual tax rates to near-zero is the only proven method to improve a nation's global Ease of Doing Business ranking. In the context of the above two statements, which one of the following is correct?

Question 6 of 20

To ease the financial burden on patients, how many critical cancer drugs have been fully exempted from Basic Customs Duty (BCD)?

Question 7 of 20

What is the financial outlay for the Biopharma SHAKTI program, designed to facilitate clinical trial networks and establish NIPERs?

Question 8 of 20

What is the direct economic impact of the sweeping Basic Customs Duty (BCD) cuts on inputs combined with the decriminalization of tax offenses?

Question 9 of 20

What is the primary objective of linking the Government e-Marketplace (GeM) with the Trade Receivables Discounting System (TReDS)?

Question 10 of 20

A salaried professional earns an income in December 2026. Under the structural guidelines of the Income Tax Act 2025, to which specific temporal category will this income strictly belong?

Question 11 of 20

Due to the capital-intensive nature of high-tech manufacturing, what is the approximate financial requirement to establish a single, modern indigenous semiconductor fabrication unit?

Question 12 of 20

Which statement correctly distinguishes the trajectory of direct and indirect taxes as per the 2026-27 policy preference?

Question 13 of 20

The Union Budget 2026-27 acknowledges the escalating economic impacts of climate-induced vulnerabilities, specifically highlighting the events of which year?

Question 14 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 15 of 20

To lower the cost of transition technologies towards a green economy, Basic Customs Duty (BCD) exemptions are extended to capital goods used in manufacturing which of the following?

Question 16 of 20

What is the primary operational difference between the administrative machinery of the 1961 Act and the newly implemented trust-based system?

Question 17 of 20

Assertion (A): The government fully exempted Basic Customs Duty (BCD) on raw materials imported by Defence PSUs for aircraft maintenance and repair. Reason (R): The exemption aims to discourage domestic manufacturing and force reliance on foreign repair centers. Select the correct answer from the codes given below:

Question 18 of 20

Given the introduction of the Income Tax Act 2025, consider the following Assertion (A) and Reason (R): Assertion (A): The new Act is expected to significantly reduce interpretational litigation for ordinary taxpayers. Reason (R): It abolishes the dual concept of Assessment Year and Previous Year in favor of a unified 'Tax Year'. Select the correct answer from the codes given below:

Question 19 of 20

Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The allocation of 12.2 lakh crore for capital expenditure is projected to generate a vast economic multiplier. Reason (R): Capital expenditure creates durable physical assets and structural frameworks that stimulate downstream job creation, logistics efficiency, and private investments. In the context of the above, which one of the following is correct?

Question 20 of 20

The concept of 'asset ownership' functioning as a foundational tool for genuine economic empowerment is most accurately illustrated by which of the following scenarios?

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