Tayari24

LDC — India Budget (Latest) MCQs

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

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

LDC — Current Economic Reports — India Budget (Latest)

20 Questions • Instant results & explanations • Hindi & English

0 / 20
Question 1 of 20

According to the framework of ISM 2.0, which domestic sectors are explicitly highlighted as beneficiaries of fortifying the semiconductor supply chain?

Question 2 of 20

Which specific legislative hurdle caused the Income Tax Act of 1961 to be widely characterized as having a 'highly complex, voluminous, and often contradictory legal framework'?

Question 3 of 20

How does the Income Tax Act, 2025 actively embed a 'Digital-First' mechanism directly into its statutory framework?

Question 4 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 5 of 20

The legacy documents traditionally submitted by taxpayers to declare non-deduction of tax at source, known as Form 15G and Form 15H, have been officially merged into which newly designated form?

Question 6 of 20

Which of the following was NOT a characteristic of the direct taxation framework prior to the year 2026?

Question 7 of 20

Consider the following statements regarding the integration of Divyangjan into the formal economy: 1. The Divyang Kaushal Yojana provides customized training strictly in traditional handicrafts and agriculture. 2. The Divyang Sahara Yojana establishes modern retail-style Assistive Technology Marts. 3. ALIMCO is tasked with scaling up the production of assistive devices. Which of the statements given above are correct?

Question 8 of 20

Which of the following is NOT an intended outcome of the 'High Level Committee on Banking for Viksit Bharat'?

Question 9 of 20

Under the new IT Sector Safe Harbour Rules, what is the validity period of the automated, rule-based transfer pricing approval?

Question 10 of 20

What is the uniform transfer pricing safe harbour margin fixed for Information Technology Services?

Question 11 of 20

Match List-I (Financial Component) with List-II (Percentage metric associated with it in 2026-27): List-I A. Interest payments' share of total expenditure B. Interest payments' share of revenue receipts C. Direct tax collections as % of GDP D. Indirect tax collections as % of GDP List-II 1. 4.3% 2. 6.9% 3. 26% 4. 40% Select the correct answer using the codes given below:

Question 12 of 20

Consider the following statements regarding the Industrial Revival and Textile Programs: I. A scheme has been introduced to revive 200 legacy industrial clusters through infrastructure and technology upgrades. II. The Integrated Programme for Textiles comprises ten distinct sub-parts. III. Mega Textile Parks will be established via a "challenge route" plug-and-play model. Which of the statements given above are correct?

Question 13 of 20

To aggressively attract global technological infrastructure, foreign enterprises providing global cloud services utilizing Indian hyperscale data centers are granted a comprehensive tax holiday valid until the year:

Question 14 of 20

What is the projected size of the Indian semiconductor market by the year 2030, which ISM 2.0 aims to capitalize on?

Question 15 of 20

In the context of the electronics manufacturing sector, what is the core economic rationale behind exempting Basic Customs Duty (BCD) on specific parts for microwave ovens?

Question 16 of 20

Niche diye gaye statements ko dhyan se padhein: Assertion (A): Semiconductor fabs aur Carbon capture plants lagane me aksar der hoti hai. Reason (R): In plants ke liye aasan zameen adhigrahan (land acquisition), bade private nivesh, aur jatin videshi takneek ki jarurat hoti hai, jinme bureaucratic hurdels (afsari deri) aati hai. Inmein se kaunsa vikalp sahi hai?

Question 17 of 20

In the context of addressing manpower shortages in the healthcare and Medical Tourism sector, what is the quantitative target set for training Allied Health Professionals (AHPs) over the next 5 years?

Question 18 of 20

Under the legacy provisions of the Income Tax Act, 1961, income earned by an individual during the Financial Year 2024-25 would traditionally be evaluated and subjected to taxation in which corresponding period?

Question 19 of 20

What specific, tangible change is introduced to tax communications and filing forms via the implementation of the "Tax Year" concept in the new legal framework?

Question 20 of 20

Under the new framework, the period spanning from 1 April 2026 to 31 March 2027 will strictly be documented in official forms as:

More Current Economic Reports Subtopics

Practice other subtopics under Current Economic Reports to strengthen your LDC preparation.