CET 12th Level — India Budget (Latest) MCQs
Practice 20 free india budget (latest) multiple choice questions for CET 12th Level exam. Instant answers with explanations in Hindi and English.
Master India Budget (Latest) under Current Economic Reports for CET 12th Level with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.
CET 12th Level — Current Economic Reports — India Budget (Latest)
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Which of the following specific combination of economic factors is cited as the primary reason Indian container manufacturers currently suffer a 30-40% cost disadvantage?
Question 2 of 20
The total expenditure for FY 2026-27 is pegged at 53.47 lakh crore. What is the approximate percentage increase this represents over the revised estimates of the previous year?
Question 3 of 20
Match List-I (Old System Component/Flaw) with List-II (New System Replacement/Solution): List-I I. Form 16 II. Financial Year / Assessment Year dynamic III. Post-facto scrutiny by tax officers IV. Aggressive revenue extraction philosophy List-II 1. Upfront disclosure and automated approvals 2. Prioritization of capital inflow and peace of mind 3. Form 130 and Form 124 4. Unified "Tax Year 2026-27" Select the correct answer using the codes given below:
Question 4 of 20
Which of the following describes the most significant overarching consequence of aligning India's domestic tax terminology with 'global reporting standards' via the 2025 Act?
Question 5 of 20
Identify the INCORRECT statement among the following regarding the initiatives mentioned in the document:
Question 6 of 20
Assertion (A): The government offers a credit-linked capital subsidy scheme for the establishment of private veterinary hospitals. Reason (R): The goal is to scale up the availability of veterinary professionals, targeting 20,000 para-vets.
Question 7 of 20
What fundamental flaw in the TReDS platform before the four-pillar reform led to MSME working capital starvation?
Question 8 of 20
Domestically, the Indian economy faces the 'twin challenges' of sustaining its high growth trajectory and mitigating the escalating economic impacts of what specific phenomenon?
Question 9 of 20
To enhance capacity building under the Second Kartavya, the deployment of Artificial Intelligence (AI)-driven tools is specifically targeted to improve:
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
Which of the following describes the dual outcome expected from promoting Medical Tourism as outlined in the strategy?
Question 12 of 20
How are the funds for City Economic Regions (CERs) planned to be disbursed to municipal bodies?
Question 13 of 20
The philosophy of 'People over Populism' is reflected in the budget's strategic decision to avoid which of the following measures?
Question 14 of 20
Consider the following statements regarding the India Semiconductor Mission 2.0 (ISM 2.0): 1. It focuses on the indigenous production of semiconductor manufacturing equipment. 2. It has an initial targeted budgetary outlay of ₹10,000 crore specifically for FY2026-27. 3. It targets the creation of full-stack Indian Intellectual Property (IP). Which of the statements given above are correct?
Question 15 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 16 of 20
Which of the following interventions was made in the customs duty policy specifically to aid the leather and footwear sector?
Question 17 of 20
4.3% ke Fiscal Deficit target ko hasil karne ke liye, sarkar ne GDP growth rate (nominal) ka kya anuman (assumption) lagaya hai?
Question 18 of 20
What is the primary strategic utility of the ₹17.15 lakh crore 'effective capex' outlay in the macroeconomic framework?
Question 19 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 20 of 20
To ensure supply chain resilience against global shipping shocks, what annual production capacity is targeted by the Container Manufacturing Scheme?
More Current Economic Reports Subtopics
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