Union Budget 2026 Quiz, Most Important MCQs, LIVE Quiz

1. What is the estimated fiscal deficit as a percentage of GDP for the Budget Estimate (BE) 2026–27?

2. The government aims to reach a debt-to-GDP ratio of ______ by the year 2030.

3. What is the estimated debt-to-GDP ratio for the year 2026–27 (BE)?

4. According to the budget, India is maintaining a high growth rate of around:

5. The 16th Finance Commission recommended retaining the vertical share of devolution to states at:

6. What is the total amount provisioned for Finance Commission Grants to States for FY 2026–27?

7. In the “Rupee Comes From” chart, which source contributes the largest share at 24%?

8. In the “Rupee Goes To” chart, which sector receives the highest allocation at 22%?

9. What is the second-largest component of government expenditure (20%) in the “Rupee Goes To” chart?

10. What is the total Revenue Expenditure estimated for 2026–27 (BE)?

11. Which mission’s version 2.0 was announced to boost the strategic manufacturing sector?

12. How many dedicated Chemical Parks are proposed to be set up?

13. The budget proposes a scheme to revive how many legacy industrial clusters?

14. What is the total corpus of the SME Growth Fund for MSMEs?

15. The Self-Reliant India Fund (2021) will be topped up with:

16. Which platform will be mandated for MSME purchase settlements by CPSEs?

17. “Corporate Mitras” will help MSMEs mainly in:

18. Proposed outlay for the CCUS scheme is:

19. How many new National Waterways are planned?

20. Coastal Cargo Promotion Scheme targets 12% share by:

21. Under “Bharat VISTAAR”, which tech is integrated with AgriStack?

22. Reservoirs and Amrit Sarovars targeted for fisheries development:

23. India will host which wildlife summit?

24. Archaeological sites to be developed:

25. Pilot upskilling of 10,000 guides at how many sites?

26. University Townships proposed:

27. Girls’ hostels in STEM institutions will be set up in:

28. Multiskilled caregivers to be trained:

29. Medical Value Tourism hubs will be set up with:

30. AVGC Content Creator Labs relate to which economy?

31. STT on Futures increased to:

32. STT on options premium increased to:

33. Incentive for a single municipal bond issue greater than ₹1,000 crore:

34. Safe harbour threshold for IT services raised to:

35. Tax holiday for cloud service providers till:

36. TCS on overseas tour packages reduced to:

37. Interest exempt from tax when awarded by:

38. Last date for revising tax returns extended to:

39. Immunity for non-disclosure of foreign assets below:

40. BCD exempted for how many cancer drugs?

41. Number of “Pillars of Growth and Development”:

42. Which Kartavya focuses on Viksit Bharat?

43. “Purvodaya” focuses on which corridor?

44. ₹2 lakh crore infrastructure support to states is under:

45. “SHE Marts” will be set up at:

46. Assistive devices for Divyangjan provided under:

47. High-Speed Rail corridors under “Growth Connectors”:

48. Organisation supported for AI-based assistive devices:

49. Customs Integrated System rollout within:

50. “Action Over Ambivalence” aims to:

51. Which sector has the highest specific expenditure allocation in ₹ crore for 2026–27?

52. What is the allocation for Education in the 2026–27 Budget?

53. Allocation for Agriculture and Allied Activities stands at:

54. Which ministry/department receives ₹6,812 crore?

55. For Tier-2 and Tier-3 AEOs, the duty-deferral period is enhanced to:

56. One-time 6-month foreign asset disclosure scheme is for:

57. Common safe harbour margin for IT services is:

58. BCD exemption on imports for Nuclear Power Projects extended till:

59. Which item is excluded from the entire value of Central Excise duty when blended with CNG?

60. Government has undertaken over ______ reforms to boost productivity and growth.

61. High-powered committee focusing on Services Sector is:

62. New All India Institutes of Ayurveda proposed:

63. “Biopharma SHAKTI” relates to which sector?

64. Duty-free import limit for seafood processing inputs raised to:

65. Export time limit for leather/textile garments increased to:

66. Which entity will be restructured along with REC?

67. “Customs” contribution in Rupee Comes From chart is:

68. Seaplane VGF Scheme aims to:

69. PM Divyasha Kendras will function as:

70. Emergency & Trauma Care Centres will be set up in:

71. Lower/nil TDS certificate for small taxpayers via:

72. Tax buyback will be treated as:

73. MAT credit set-off allowed up to:

74. Fish catch duty-free in which zone?

75. Sandalwood cultivation comes under:

76. Coconut Promotion Scheme aims to:

77. Infrastructure Risk Guarantee Fund provides guarantees to:

78. Dedicated Freight Corridor connects Dankuni to:

79. National Destination Digital Knowledge Grid aims to:

80. Buddhist Circuits development focus region:

81. Safe harbour for data centre services is:

82. Bill of Entry filing by trusted importer auto-notifies:

83. Multiskilled caregivers targeted under People-Centric Development:

84. Mental health institute in Ranchi to be upgraded:

85. Viksit Bharat balances ambition with:

86. Budget emphasizes “Reform Over ____”.

87. Financial sector goal includes mobilising:

88. SME Growth Fund is for:

89. Digital Knowledge Grid documents places for:

90. India is hosting for the first time:

91. Hi-Tech Tool Rooms will be set up in:

92. Sodium antimonate BCD exemption is for:

93. Unified Digital Window is for:

94. Decriminalization includes non-production of:

95. One-time foreign asset disclosure applies to:

96. SASCI Scheme support to states:

97. Effective Capital Expenditure (BE 2026–27):

98. 41% vertical devolution was recommended by:

99. City connected to Mumbai via High-Speed Rail:

100. Third Kartavya focuses on: