MCQs on Union Budget 2026–27 (Exam-Oriented | Home Academy)
Q1. The Union Budget 2026–27 is the first budget prepared in which of the following locations?
A. North Block
B. South Block
C. Kartavya Bhawan
D. Rashtrapati Bhawan
Answer: C. Kartavya Bhawan
Q2. The fiscal deficit targeted in the Budget Estimates (BE) for 2026–27 is approximately:
A. 5.2% of GDP
B. 4.8% of GDP
C. 4.4% of GDP
D. 4.3% of GDP
Answer: D. 4.3% of GDP
Q3. Biopharma SHAKTI announced in Union Budget 2026–27 has an outlay of:
A. ₹5,000 crore over 3 years
B. ₹8,000 crore over 4 years
C. ₹10,000 crore over 5 years
D. ₹15,000 crore over 5 years
Answer: C. ₹10,000 crore over 5 years
Q4. India Semiconductor Mission (ISM) 2.0 mainly focuses on:
A. Import of finished semiconductor chips
B. Assembly of foreign-designed chips only
C. Full-stack Indian IP, equipment, materials and skilled workforce
D. Privatization of semiconductor PSUs
Answer: C. Full-stack Indian IP, equipment, materials and skilled workforce
Q5. Public capital expenditure proposed for FY 2026–27 is approximately:
A. ₹10.5 lakh crore
B. ₹11.0 lakh crore
C. ₹12.2 lakh crore
D. ₹13.5 lakh crore
Answer: C. ₹12.2 lakh crore
Q6. The New Income Tax Act, 2025 will come into effect from:
A. April 2025
B. April 2026
C. January 2026
D. July 2026
Answer: B. April 2026
Q7. Which AI-based platform has been launched to integrate agricultural resources and advisory systems?
A. Agri-Saathi
B. e-NAM Plus
C. Bharat-VISTAAR
D. Kisan AI Grid
Answer: C. Bharat-VISTAAR
Q8. Under the infrastructure initiatives, how many new National Waterways are proposed to be operationalised over the next five years?
A. 10
B. 15
C. 20
D. 25
Answer: C. 20
Q9. The allocation announced for Carbon Capture Utilization and Storage (CCUS) technologies is:
A. ₹5,000 crore over 3 years
B. ₹10,000 crore over 5 years
C. ₹15,000 crore over 5 years
D. ₹20,000 crore over 5 years
Answer: D. ₹20,000 crore over 5 years
Q10. The debt-to-GDP ratio estimated for BE 2026–27 is closest to:
A. 60.5%
B. 58.2%
C. 56.1%
D. 55.6%
Answer: D. 55.6%