Budget MCQs 2025-26, Download Free PDF

The 2025-26 Union Budget is the year's most critical event affecting individual people and business operations and the macroeconomic factors in India. Taxpayers and industry experts require in-depth knowledge about key budgetary provisions and fiscal strategies to achieve understanding. The document presents an extensive collection of multiple-choice questions about 2025-26 budget highlights which serves to keep readers informed for better preparation. The Budget MCQs 2025-26 offers an excellent resource that serves students preparing for exams and professionals conducting discussions. They also provide valuable knowledge for anyone interested in expansion. You can obtain the free PDF document to challenge your knowledge and maintain your academic lead.

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1. What is the fiscal deficit target set by government administration for 2025-26?

1. 3.6% of GDP
2. 4.0% of GDP
3. 4.4% of GDP
4. 5.2% of GDP

2. The 2025 Union Budget introduced exemption from Basic Customs Duty (BCD) for?

1. Platinum findings
2. Cancer drugs
3. Motorcycles with engine capacity ≤1600 CC
4. All of the above

3. In the 2025 Union Budget the middle-class taxpayers acquired tax exemption through the new tax slabs with a specified threshold limit.

1. ₹1 lakh monthly income
2. ₹12 lakh annual income
3. ₹15 lakh annual income
4. ₹18 lakh annual income

4. The budget for the MSME sector in 2025 Union Budget witnessed growth through additional funding directed at all three of the following sectors.

1. Tourism
2. Manufacturing
3. Export development
4. All of the above

5. What budgetary amount has been dedicated to the PM Jan Arogya Yojana in 2025 to provide healthcare services for gig workers?

1. ₹10,000 crore
2. ₹15,000 crore
3. ₹20,000 crore
4. ₹25,000 crore

6. The Atal Tinkering Labs plan to establish laboratories in what number of government schools?

1. 25,000
2. 50,000
3. 75,000
4. 1,00,000

7. The 2025 Union Budget has established new income tax brackets that apply to persons earning up to:

1. ₹10 lakh
2. ₹12 lakh
3. ₹15 lakh
4. ₹20 lakh

8. Basic Customs Duty exemption on which item has the government implemented as part of export promotion measures according to the 2025 Budget?

1. Wet blue leather
2. Cancer treatment drugs
3. Fish paste
4. Handicraft exports
5. All of the above

9. What measures has the government funded with ₹1 lakh crore through its 2025 Union Budget?

1. Rural health programs
2. Urban Challenge Fund
3. National Manufacturing Mission
4. Skill development initiatives

🔹 "Union Budget 2025-26 ka पूरा विश्लेषण Bhuvnesh Sir द्वारा! अगर आप जानना चाहते हैं कि इस बजट में आपके लिए क्या खास है, तो नीचे दिया गया वीडियो जरूर देखें।"

10. The Basic Customs Duty for fish hydrolysate used in aquatic feed production experienced a reduction to at a level of 5% as part of the 2025 Union Budget.

1. 5%
2. 10%
3. 15%
4. 20%

11. The fiscal deficit target set in the 2025 Union Budget holds all the following elements true. 

1. No less than 4.4% of the gross domestic product will be the fiscal deficit target during 2025-26.
2. The government plans to lower fiscal deficit to reach 4.0% of GDP by 2026.
3. The fiscal deficit target amounts to 4.8% of GDP during 2025 financial year.

Choose the correct statement from the following options according to the fiscal deficit target in the 2025 Union Budget:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, and 3

12. Several accurate statements exist about the “National Centres of Excellence in Artificial Intelligence” launched through the 2025 Budget.

1. Developing functional expertise stands as the main goal behind this specific initiative in artificial intelligence.
2. The government proposes to use ₹500 crore as funding for creating these centers.
3. The establishment of these centers is restricted to the best private educational institutions.

The correct answer regarding the fiscal deficit target in 2025's Union Budget can be found below.

(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2, and 3

13. During the 2025 Budget presentation the government announced plans to extend the tax deduction benefits available to elderly citizens. The Budget therefore consisted of which three major provisions?

1. An increase has been made to ₹1 lakh as the threshold amount for TDS deductions on interest income.
2. Senior citizens now receive income tax exclusivity beyond ₹5 lakh.
3. A separate tax rate targeting pension receiver senior citizens has been suggested by the government.

Use the following code to identify the accurate statement:

(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2, and 3

14. The fiscal deficit target set in the 2025 Union Budget holds all the following elements true.

1. No less than 4.4% of the gross domestic product will be the fiscal deficit target during 2025-26.
2. The government plans to lower fiscal deficit to reach 4.0% of GDP by 2026.
3. The fiscal deficit target amounts to 4.8% of GDP during 2025 financial year.

Choose the correct statement from the following options according to the fiscal deficit target in the 2025 Union Budget:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, and 3

15. Several accurate statements exist about the “National Centres of Excellence in Artificial Intelligence” launched through the 2025 Budget.

1. Developing functional expertise stands as the main goal behind this specific initiative in artificial intelligence.
2. The government proposes to use ₹500 crore as funding for creating these centers.
3. The establishment of these centers is restricted to the best private educational institutions.

The correct answer regarding the fiscal deficit target in 2025's Union Budget can be found below.
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2, and 3

16. During the 2025 Budget presentation the government announced plans to extend the tax deduction benefits available to elderly citizens. The Budget therefore consisted of which three major provisions?

1. An increase has been made to ₹1 lakh as the threshold amount for TDS deductions on interest income.
2. Senior citizens now receive income tax exclusivity beyond ₹5 lakh.
3. A separate tax rate targeting pension receiver senior citizens has been suggested by the government.

Use the following code to identify the correct statement:
(a) 1 only
(b) 1 and 2 only
(c) 2 and 3 only
(d) 1, 2, and 3

Q.17 which of the following measures was introduced in the 2025 budget to enhance the availability of credit to MSME 

1. Increased Credit Availability With Guarantee Cover From 5 Crore To 10 Crore 
2. Scheme For Women Business Owner From Sc St Community With Financing Option Up To Rs 2 Crore 
3. A National Manufacturing Mission To Support All Sizes Of Manufacturing Industries 

Answer From The Code Below 
(a) only 1 

(b) 1 and 2 only

(c) 1 and 3 only

(d) 1, 2 and 3

Q.18 The government Rs 1 lakh crore urban challenge fund aims to achieve which of the following objectives 

1. Making cities more efficient and growth oriented by improving infrastructure 
2. Providing capital for Urban Health projects 
3. Promoting green and sustainable technologies in Metropolitan areas 

select the correct answer using the code below 
(a) only 1 
(b) 1 and 2 only 
(c) 1 and 3 only 
(d) 1,2 and 3

Q.19 Which sector will receive funding for the establishment of national centre of excellence in the 2025 budget 

(a) Education 
(b) Artificial intelligence 
(c) Manufacturing 
(d) Agricultural Research

Q.20 Which of the following is not a component of Union budget capital expenditure 
(a) Investment infrastructure 
(b) Loans to state government 
(c) Daily operational cost 
(d) Capital receipts

21. Which of the following is the focus of 2025 budgets National manufacturing mission 
(a) Increasing manufacturing in rural area 
(b) Supporting large and small scale manufacturing industries 
(c) Promoting exports 
(d) Encouraging automation in industries

22. Which of the following sector receives specific mentioned in the 2025 Union budget for developing rural infrastructure 
(a) Agriculture 
(b) MSME 
(c) Urban Development 
(d) All of the above

23. What is the new limit for TDS on rental income as per the 2025 budget 
(a) 2.4 lakh 
(b) 3.5 lakh 
(c) 6 lakh
(d) 10 lakh

24. The government has launched National centre of excellence in which field an outlay of 500 crore?
(a) Robotics 
(b) Artificial intelligence 
(c) Renewable energy 
(d) Biotechnology

25. Under the 2025 Union budget which sector was allocated enhanced credit availability up to 10 crore for 
(a) Manufacturing 
(b) Service industry 
(c) Retail 
(d) Export industry

26. The new Tax slab introduced in the 2025 budget aim to provide exemptions to middle class individual earning less than 
(a) 6 lakh per annum 
(b) Rs 10 lakh per annum 
(c) Rs 12 lakh per annum 
(d) Rs 15 lakh per annum 

27. Following government scheme is aimed at promoting agricultural productivity in the 2025 budget 
(a) Kisan Samman Nidhi 
(b) PM Dhan Dhanya Krishi Yojana 
(c) Aatmnirbhar Krishi Yojana 
(d) Pradhanmantri fasal Bima Yojana

28. What new provision has been introduced for senior citizen in the 2025 Union budget regarding TDS on interest income 
(a) Rs 50,000
(b) Rs 75,000 
(c) 1 lakh 
(d) 2 lakh

29. Which of the following items were fully exempted from basic custom duty under 2025 Union budget to boost domestic manufacturing and exports 

Cobalt and Lithium ion battery scrap
Platinum findings 
Wet blue leather 

Select the correct answer using the code below:
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, and 3

30. What is the fiscal deficit target set for the year 2025 26 in the union budget 2025 
(a) 4.0% of GDP 
(b) 4.4 % of GDP 
(c) 5.0 % of GDP 
(d) 3.8 % of GDP

Conclusion

The Union Budget for 2025-26 holds significant importance for taxpayers, industry professionals, and government organizations alike. Taxpayer groups and industry professionals together with government organizations must consider how these areas are affected by the established budgetary changes. The selection of multiple-choice questions (MCQs) available here covers key points from the budget that provides critical information for examination study and educational discussions. Multiple-choice questions in the budget cover fiscal deficit objectives along with tax reliefs and health care plans together with export development and Small and Medium Enterprises (SMEs) support systems. The solution to these questions provides essential information about budget provisions as well as their economic sector impacts. You can access the free PDF document with these MCQs as an effective study resource to check your comprehension together with staying informed and maintaining scholarly performance.