Based on the key announcements of the Union Budget 2026-27, this quiz is useful for SSC, Banking, Railway, UPSC, and other competitive exams.
Budget 2026 MCQ Quiz
1. Who presented the Union Budget 2026-27?
Ans: Nirmala Sitharaman
2. On which date was Union Budget 2026 presented?
Ans: 1 February 2026
3. What is the fiscal deficit target for FY 2026-27?
Ans: 4.3% of GDP
4. What is the estimated debt-to-GDP ratio for FY 2026-27?
Ans: 55.6%
5. What is the total expenditure estimated in Budget 2026-27?
Ans: ₹53.5 lakh crore
6. What are the projected total receipts of the government?
Ans: ₹36.5 lakh crore
7. What is the capital expenditure (CapEx) allocation for FY 2026-27?
Ans: ₹12.2 lakh crore
8. What is the theme of Budget 2026-27?
Ans: Yuva Shakti-driven Budget for Viksit Bharat
9. Which mission was announced to boost chip manufacturing?
Ans: India Semiconductor Mission 2.0
10. Which sectors received special focus under Make in India?
Ans: Semiconductors, Biopharma, Electronics, Capital Goods, Textiles and Sports Goods
11. What is the target fiscal deficit reduction from FY 2025-26?
Ans: From 4.4% to 4.3% of GDP
12. How many high-speed rail corridors were announced?
Ans: 7
13. How many new waterways are planned?
Ans: 20 waterways
14. Which initiative was launched for MSMEs?
Ans: MSME Champion Initiative
15. What is the size of the SME Growth Fund?
Ans: ₹10,000 crore
16. Which platform was announced for women entrepreneurs?
Ans: SHE-Marts
17. Which sectors were promoted as parallel income sources for farmers?
Ans: Fisheries and Animal Husbandry
18. What is the projected nominal GDP growth for FY 2026-27?
Ans: 10%
19. What is the expected real GDP growth range?
Ans: 6.8%–7.2%
20. Which strategic minerals initiative was announced?
Ans: Rare Earth Corridors
21. Which four states were selected for Rare Earth Corridors?
Ans: Odisha, Kerala, Andhra Pradesh and Tamil Nadu
22. What percentage of tax revenue will be shared with states?
Ans: 41%
23. What major reform comes into effect from April 1, 2026?
Ans: New Income Tax Act 2025 implementation
24. What is the focus of Corporate Mitras?
Ans: MSME compliance support
25. Which sector received strong infrastructure support?
Ans: Railways and Logistics
26. Which initiative aims to boost Tier-2 and Tier-3 cities?
Ans: City Economic Regions
27. What is TReDS related to?
Ans: Faster invoice payments for MSMEs
28. Which area received support through tax holidays?
Ans: Foreign digital and high-end service providers
29. Which manufacturing sector received a major push?
Ans: Semiconductor Manufacturing
30. Which mission supports self-reliance in electronics?
Ans: India Semiconductor Mission 2.0
31. Budget 2026 emphasizes which development model?
Ans: Infrastructure-led Growth
32. Which ministry presents the Union Budget?
Ans: Ministry of Finance
33. The Union Budget is presented in which House?
Ans: Lok Sabha
34. Which Article of the Constitution deals with the Annual Financial Statement?
Ans: Article 112
35. What is another name for the Union Budget?
Ans: Annual Financial Statement
36. Which industry received support for critical supply chains?
Ans: Electronics and Semiconductors
37. What is the focus of the budget regarding exports?
Ans: Expanding exports and attracting investment
38. Which sector was highlighted for employment generation?
Ans: Manufacturing
39. What is the government's focus regarding logistics?
Ans: Multi-modal logistics development
40. What is the focus on high-speed rail intended to support?
Ans: Economic growth and connectivity
41. Budget 2026 focuses on strengthening which category of businesses?
Ans: MSMEs
42. Which sector received support through high-value crop initiatives?
Ans: Agriculture
43. What is the government's approach toward fiscal management?
Ans: Fiscal Discipline and Consolidation
44. Which strategic capability was highlighted?
Ans: Technology and Manufacturing Capabilities
45. What is the objective of SHE-Marts?
Ans: Promote women-led enterprises
46. Which infrastructure segment received record allocation?
Ans: Capital Expenditure (CapEx)
47. Which sector is expected to benefit from Rare Earth Corridors?
Ans: Advanced Manufacturing and Electronics
48. What is the primary goal of Budget 2026?
Ans: Growth with Inclusion and Viksit Bharat Vision
49. Which budget number did Nirmala Sitharaman present in 2026?
Ans: Ninth Consecutive Union Budget
50. Which slogan is most associated with Budget 2026?
Ans: Viksit Bharat through Yuva Shakti, Manufacturing and Infrastructure Growth
