Patwari — India Budget (Latest) MCQs
Practice 20 free india budget (latest) multiple choice questions for Patwari exam. Instant answers with explanations in Hindi and English.
Master India Budget (Latest) under Current Economic Reports for Patwari with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.
Patwari — Current Economic Reports — India Budget (Latest)
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R): Assertion (A): The Minimum Alternate Tax (MAT) rate undergoes a structural phase-out, prohibiting any future credit accumulation post-April 2026. Reason (R): The MAT rate has been deliberately increased to 20% to forcibly extract higher baseline revenue from zero-tax corporations. Select the correct answer:
Question 2 of 20
What is the targeted functional output of the 'challenge mode' of financing used in City Economic Regions (CERs)?
Question 3 of 20
Which of the following interventions was introduced to accelerate the transition towards urban financial independence for large cities?
Question 4 of 20
Which specific tax rate is now uniformly applied to remittances made for BOTH education and medical purposes under the Liberalized Remittance Scheme (LRS)?
Question 5 of 20
A key structural economic reform aimed at long-term prosperity is the 'formalization of the economy.' Which of the following is a direct, positive macroeconomic outcome of economic formalization?
Question 6 of 20
How does the massive ₹20,000 crore outlay for CCUS technologies strategically impact Indian heavy industry exports in the global market?
Question 7 of 20
The Container Manufacturing Scheme is strategically designed to break the near-monopoly held by manufacturers of which country?
Question 8 of 20
Match the following policy mechanisms with their overarching objective: List-I (Mechanism) a. Purvodaya focus on mineral-rich states b. Earmarking ₹1.4 lakh crore as Finance Commission Grants c. Flat 2% LRS rate for education/medical d. High Level Committee on Banking List-II (Objective) i. Reviewing and aligning the financial sector with future capital requirements ii. Ensuring states have fiscal predictability for grassroots projects iii. Correcting historical developmental imbalances via industrializationiv. Rationalizing taxes to ease the burden of essential outward remittances
Question 9 of 20
What is the designated form number for the consolidated tax passbook, previously recognized widely as Form 26AS?
Question 10 of 20
Consider the following statements regarding the Taxation Reforms outlined in the budget: 1. The Income Tax Act 2025 introduces the dual concept of Assessment Year and Previous Year. 2. Buyback proceeds are uniformly taxed as Capital Gains in the hands of all shareholders. 3. The eligibility threshold for the IT Safe Harbour is restricted to ₹300 crore. Which of the statements given above is/are correct?
Question 11 of 20
Consider the following statements regarding the Capital Markets taxation reforms: 1. The STT on futures was increased from 0.02% to 0.05%. 2. Non-corporate promoters face an effective buyback tax rate of 30%. 3. Buyback proceeds are now completely tax-free for all regular shareholders. Which of the statements given above is/are correct?
Question 12 of 20
Assertion (A): The government completely removed the ₹10 lakh value cap per consignment on courier exports. Reason (R): The removal of the value cap aims to restrict global market access for local artisans and force them to rely on domestic buyers. Select the correct answer from the codes given below:
Question 13 of 20
Under the Coastal Cargo Promotion Scheme, what is the strategic target set for the share of coastal shipping in India's transport matrix by the year 2047?
Question 14 of 20
Regarding the aviation sector, which specific items were explicitly exempted from Basic Customs Duty (BCD) to catalyze domestic capabilities?
Question 15 of 20
Under the new strategy for the Agriculture sector, what mechanism is supposed to bridge the 'agricultural extension gap'?
Question 16 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 17 of 20
What does the acronym 'SHE' stand for in the context of newly established rural retail marts?
Question 18 of 20
Assertion (A): The government completely abolished the ₹10 lakh value cap per consignment on courier exports. Reason (R): This policy change fundamentally democratizes global market access for local artisans and MSMEs utilizing e-commerce platforms. Select the correct answer from the codes given below:
Question 19 of 20
Consider the following statements regarding the strategy for large-scale formal job creation: I. The focus is exclusively on the traditional manufacturing sector to drive mass employment. II. Formal job creation is aggressively targeted through the services sector, specifically AVGC and the Care Economy. III. A major structural goal is to shift the labor force away from disguised agricultural unemployment toward structured urban employment. Which of the statements given above is/are correct?
Question 20 of 20
What specifically does the allocation of ₹40,000 crore target within the manufacturing sector?
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