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CET Graduate — India Budget (Latest) MCQs

Practice 20 free india budget (latest) multiple choice questions for CET Graduate exam. Instant answers with explanations in Hindi and English.

Master India Budget (Latest) under Current Economic Reports for CET Graduate with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.

CET Graduate — Current Economic Reports — India Budget (Latest)

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

Match List-I (FAST DS Category) with List-II (Financial Liability/Penalty) and select the correct answer using the codes given below: List-I A. Category A (Up to 1 Crore undisclosed asset) B. Category B (Up to 5 Crore asset, income previously disclosed) List-II 1. Nominal flat fee of 1 Lakh for absolute immunity 2. Liability of 30% tax combined with a 30% penalty

Question 2 of 20

Corporate taxation me technical defaults ke mamle me jurmane ko lekar kya naya badlav kiya gaya hai?

Question 3 of 20

The Biopharma SHAKTI program fundamentally aims to shift India's pharmaceutical identity from being the 'pharmacy of the world' for generic drugs to what new status?

Question 4 of 20

Assertion (A): The government has provided a safe harbour margin of 15% on cost for related entities offering cloud services. Reason (R): This policy intervention aims to deepen the domestic cloud and Artificial Intelligence (AI) ecosystem by offering tax predictability. Select the correct answer from the codes given below:

Question 5 of 20

Which of the following is an expected economic outcome of maintaining a 12.2 lakh crore capital expenditure (Capex)?

Question 6 of 20

Match List-I (Sector/Goods) with List-II (Specific Tax Intervention): List-I a. Fish catch in the EEZ b. Lithium-Ion Cell capital goods c. Nuclear Power Projects d. Biogas-blended CNG List-II 1. Value explicitly excluded from central excise duty 2. Made completely free of customs duty 3. General BCD exemptions to lower transition cost 4. BCD exemptions extended specifically until 2035

Question 7 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 8 of 20

Which group of states has been specifically identified for the establishment of dedicated Rare Earth Corridors to secure critical upstream minerals?

Question 9 of 20

The budgetary philosophy aims at the 'de-risking of private capital'. In the context of economic policy, this generally implies:

Question 10 of 20

Assertion (A): The India Semiconductor Mission 2.0 (ISM 2.0) focuses heavily on the indigenous production of semiconductor equipment and full-stack Indian IP. Reason (R): The foundational Assembly, Testing, Marking, and Packaging (ATMP) infrastructure was already the successful focus of ISM 1.0.

Question 11 of 20

Under the Divyang Sahara Yojana, which entity is responsible for scaling up the production of assistive devices?

Question 12 of 20

The implementation of environmental protectionist mechanisms like the Carbon Border Adjustment Mechanism (CBAM) by developed economies is expected to cause which of the following?

Question 13 of 20

To facilitate affordable global mobility, the Tax Collected at Source (TCS) rate applicable on overseas tour packages and LRS remittances specifically for education and medical purposes has been slashed to a flat rate of:

Question 14 of 20

Which specific technical default was explicitly mentioned as having its severe penalties converted into standard daily fees to curb tax terrorism?

Question 15 of 20

Budget me dikhai gayi 'macroeconomic balancing act' ka kya matlab hai, jise global rating agencies ne kaafi pasand kiya hai?

Question 16 of 20

What is the primary macroeconomic rationale behind strictly targeting the revenue deficit at 1.5% of GDP while maintaining high gross market borrowings of 17.2 lakh crore?

Question 17 of 20

The government intends to use heavy public investment to 'crowd-in' private capital. This economic strategy operates on the core premise that:

Question 18 of 20

Which of the following combinations regarding the Transport Corridors is completely accurate?

Question 19 of 20

According to the macroeconomic data, what percentage of the Total Revenue Receipts is completely consumed by interest payments in the 2026-27 estimates?

Question 20 of 20

Which of the following scenarios best illustrates the concept of 'trust-based, data-driven approach' as specifically outlined in the reform text?

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