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RAS — India Budget (Latest) MCQs

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

Master India Budget (Latest) under Current Economic Reports for RAS with our curated MCQ set. Every question follows real Rajasthan exam patterns. 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

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 2 of 20

Which specific economic phenomenon is indicated by the formalization of corporate and personal incomes alongside direct tax collections rising to 6.9% of GDP?

Question 3 of 20

Which of the following macroeconomic indicators was recorded at exactly 58.2% in the actuals of FY 2024-25?

Question 4 of 20

Which specific technology is the government committing to utilize for non-intrusive scanning and risk assessment at major customs ports to drastically reduce manual inspection times?

Question 5 of 20

Who are explicitly identified as the ultimate end beneficiaries of the Biopharma SHAKTI initiative's focus on advanced therapies?

Question 6 of 20

Which of the following best describes the nature of the 'approvals' within the trust-based, data-driven approach of the 2025 Act?

Question 7 of 20

Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): The Income Tax Act of 2025 incorporates a strategy to drastically minimize the heavy-handed nature of tax administration. Reason (R): It statutorily guarantees absolute immunity from all forms of taxation for newly formed businesses during their first decade. In the context of the above two statements, which one of the following is correct?

Question 8 of 20

Alongside industrial resilience and deep capacity-building, what other critical integration forms the core of the paradigm shift in the modern fiscal strategy?

Question 9 of 20

How do the fiscal strategies for Nuclear Power Projects and Battery Energy Storage Systems explicitly differ within the transition technology framework?

Question 10 of 20

What is the intended impact of tripling the limit for duty-free imports of specified inputs for processing seafood products?

Question 11 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 12 of 20

Regarding the structural reset of India's direct taxation, what does the phrase 'overhauling the taxpayer experience' specifically imply under the new legislative vision?

Question 13 of 20

Historically, before the intervention of community-owned retail frameworks like SHE Marts, what staggering percentage of the total product value was routinely captured by exploitative middlemen?

Question 14 of 20

The core vision of the Income Tax Act, 2025 emphasizes 'simplification, digital transition, and compliance ease'. Which of the following objectives is explicitly EXCLUDED from this core legislative vision?

Question 15 of 20

Critical upstream raw materials secured through the Rare Earth Mission are cited as primarily essential for driving which two advanced sectors?

Question 16 of 20

Assertion (A): The government deliberately reallocates funds from pure distress employment schemes toward structured enterprise creation. Reason (R): Structured enterprise creation provides durable, long-term capacity building, whereas distress employment schemes only offer temporary relief.

Question 17 of 20

Consider the following statements regarding the FAST DS amnesty window: 1. It grants blanket immunity from prosecution regardless of the asset size or intent. 2. Disclosures of unrecorded foreign assets up to ₹1 crore require paying a 30% tax and a 30% penalty. 3. It is open indefinitely for relocated NRIs. Which of the statements given above is/are INCORRECT?

Question 18 of 20

Which of the following disease categories are explicitly identified as non-communicable diseases (NCDs) driving the demand for affordable biologic medicines under the Biopharma SHAKTI program?

Question 19 of 20

The introduction of the automated, 5-year IT Sector Safe Harbour approval explicitly eliminates the need for which of the following costly and time-consuming corporate exercises?

Question 20 of 20

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

More Current Economic Reports Subtopics

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