Budget 2026 Important Highlights Quiz (50 Questions & Answers)

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