India Budget (Latest) MCQs for RAS
Practice 20 free India Budget (Latest) questions under Current Economic Reports — Economy.
Strengthen your India Budget (Latest) knowledge for RAS with curated MCQs. Switch between Hindi and English anytime.
RAS — Current Economic Reports — India Budget (Latest)
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
What is the targeted fiscal threshold for the debt-to-GDP ratio to be achieved by the financial year 2030-31?
Question 2 of 20
On which date was the Union Budget for the fiscal year 2026-27 presented?
Question 3 of 20
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R): Assertion (A): The new Act significantly reduces the total number of sections and chapters compared to a fragmented, amended historical law. Reason (R): It consolidates the legal provisions into just 536 sections across 23 chapters. Select the correct answer:
Question 4 of 20
To ease the financial burden on patients, how many critical cancer drugs have been fully exempted from Basic Customs Duty (BCD)?
Question 5 of 20
Which statement correctly distinguishes the trajectory of direct and indirect taxes as per the 2026-27 policy preference?
Question 6 of 20
In the context of the 'Second Kartavya', the promotion of the 'Orange Economy' refers to the development of which industry?
Question 7 of 20
By establishing SHE Marts, the initiative eliminates middlemen who historically captured what percentage of the product's value?
Question 8 of 20
Match List-I (Initiatives/Programs) with List-II (Specific Purpose) and select the correct answer using the codes given below: List-I A. Biopharma SHAKTI B. ISM 2.0 C. Tex-Eco Initiative D. Samarth 2.0 List-II 1. Sustainable apparels 2. Skilling in the textile sector 3. High-value biologics and clinical trials 4. Indigenous full-stack IP and semiconductor equipment
Question 9 of 20
To strongly incentivize the establishment of toll manufacturing hubs within bonded economic zones, what specific tax benefit is extended to non-resident entities that provide capital goods or tooling?
Question 10 of 20
In the aviation and electronics sectors, Basic Customs Duty (BCD) has been exempted for which of the following purposes? 1. Components required for manufacturing civilian aircraft 2. Raw materials imported by Defence PSUs for aircraft maintenance and repair (MRO) 3. Specified parts for microwave ovens Select the correct answer using the code given below:
Question 11 of 20
Consider the following statements regarding Customs Duty Rationalization and Export Incentives: 1. The duty-free import of inputs for seafood processing was increased to counter aggressive US tariffs. 2. To assist the leather and footwear industry, duty-free inputs were expanded to include shoe uppers. 3. The time limit for exporting final leather products was reduced to 6 months. Which of the statements given above are correct?
Question 12 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 13 of 20
Grameen mahilaon ke aarthik vikas me, 'Lakhpati Didi' scheme se 'SHE Marts' ki taraf badhne ko kis concept ke udhaharan ke roop me dekha ja raha hai?
Question 14 of 20
Match List-I (Metric/Percentage) with List-II (Policy Context) and select the correct answer using the codes given below: List-I A. 150% B. 50% C. 15.5% D. 22% List-II 1. Effective buyback tax rate for corporate promoters 2. STT hike on options premium 3. STT hike on futures contracts 4. Uniform Safe Harbour transfer pricing margin
Question 15 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 16 of 20
Under the Income Tax Act of 1961, what did the term 'Previous Year' precisely refer to?
Question 17 of 20
Which of the following actions demonstrates the aggressive stance against 'tax terrorism'?
Question 18 of 20
Budget me aam aadmi ke liye Personal Income Tax slabs aur standard deductions me koi badlav na hona, kis aarthik chinta ko badhata hai?
Question 19 of 20
What is the numerical target for training multi-skilled caregivers aligned with the National Skills Qualifications Framework (NSQF)?
Question 20 of 20