BUDGET 2025-26 IMPORTANT FACTS AND MCQS FOR EXAMS

In this blogpost we will discuss BUDGET 2025-26 important mcqs for all upcoming exams

Q1. Recently Who Has presented the Union Budget 2025-26 In Parliament?

A. V Anantha Nageshwaran
B. Nirmala Sitharaman
C. Smiriti Irani
D. Draupadi Murmu

Nirmala Sitharaman : Finance
Minister → Presented Her 8th Union Budget @ Parliament

  • Most Time Budget Presnted By : Morarji Desai → 10 Times

Budget : Is an annual financial statement

  • Presented by : Finance Minister @ Parliament (Nirmala Sitharaman)
  • It Estimates The Govt’s → Revenue & Expenditure For Upcoming FY
  • Nodal Body For Preparing Budget → Division of the Department of Economic Affairs {In The Ministry of Finance}
    Constitutional Provision
  • Article 112 : Union Budget » Referred As → Annual Financial Statement
  • First Union Budget of Independent India : Presented By RK Shanmukham Chetty @ 26 Nov 1947

Q2. How Many Engines of Development Are Identified in the Union Budget 2025-26?
A. 3
B. 4
C. 5
D. 6
Ans : B

budget

Q3. What is the theme of the Union Budget 2025-26?
A. Sabka Vikas
B. Atmanirbhar Bharat
C. Viksit Bharat
D. Amrit Kaal
Ans : A

Q4. The Union Budget 2025-26 proposes development measures focusing on which groups?
A. Elderly, Youth, Entrepreneurs
B. Students, Scientists, Farmers
C. Garib, Youth, Annadata, Nari
D. Women, Children, Industrialists
Ans : C

Q5. Under Budget 2025-26, how many low agricultural productivity districts will be covered under Prime Minister Dhan-Dhaanya Krishi Yojana?
A. 10
B. 75
C. 100
D. 50
Ans : C

Benefiting → 1.7 crore farmers, enhancing irrigation, and post-harvest storage facilities.

Q6. The Atma Nirbharta in Pulses mission, announced in the Union Budget 2025-26, focuses on which pulses?
A. Tur, Urad, Masoor
B. Chana, Moong, Masoor
C. Urad, Chana, Arhar
D. Moong, Arhar, Masoor
Ans : A

Atma Nirbharta in Pulses mission : A 6- year Mission

  • Special focus on → Tur, Urad and Masoor
  • Central agencies NAFED and NCCF → Will Buy These 3 Pulses For Next 4 Years

Q7. What is the new Enhanced Kisan Credit Card (KCC) limit as per the Union Budget 2025-26?
A. ₹3.5 lakh
B. ₹6 lakh
C. ₹5 lakh
D. ₹4 lakh
Ans : C

KCC Limit Increased From 3 Lakh To 5 Lakh

  • Provide Short Term Loans → To 7.7
    crore farmers.

Q8. What is the duration of the Mission for Cotton Productivity announced in the Union Budget 2025-26?
A. 5 years
B. 3 years
C. 7 years
D. 10 years
Ans : A

Q9. In which state will the Makhana Board be established as per the Union Budget 2025-26?
A. Uttar Pradesh
B. Madhya Pradesh
C. Bihar
D. West Bengal
Ans : C

Aim : To enhance production, processing, and value addition of MAKHANA.

Q10. Where will a new urea plant with a 12.7 lakh metric ton capacity be established to boost agricultural productivity?
A. Assam
B. Bihar
C. Odisha
D. Rajasthan
Ans : A

New Classification Criteria For MSMEs

budget

Q11. Under the Micro Enterprise Credit Cards, how much credit facility will be provided for micro enterprises ?
A. Rs 5 lakh
B. Rs 10 lakh
C. Rs 3 lakh
D. Rs 2 lakh
Ans : A

5 lakh credit facility for → 10 lakh micro enterprises.

Q12. What is the new credit guarantee cover for MSMEs, as per the Union Budget 2025-26?
A. ₹5 crore
B. ₹3 crore
C. ₹7 crore
D. ₹10 crore
Ans : D

Credit Guarantee Cover For MSMEs : Increased From 5 Cr To 10 Cr

  • This means that MSMEs can now access higher loan amounts with less risk.

Q13. What is the expected job generation under the Scheme for Leather and Footwear, as per the Union Budget 2025-26?
A. 22 lakh
B. 10 lakh
C. 15 lakh
D. 30 lakh
Ans : A

Focus Product Scheme for Leather and Footwear

  • Expected to generate → 22 lakh jobs
  • ₹4 lakh crore → Turnover
  • Exports of over → ₹ 1.1 lakh crore

Q14. Where will the National Institute of Food Technology be established as per the Union Budget 2025?
A. Bihar
B. Uttar Pradesh
C. Madhya Pradesh
D. West Bengal
Ans : A

Aim : To enhance income for the farmers and

  • To Provide → Skilling, entrepreneurship and employment opportunities for the youth.

Q15. How many seats will be added in 5 IITs over 5 years as per the Union Budget 2025-26?
A. 6,500
B. 5,000
C. 7,200
D. 8,000
Ans : A
Additional infrastructure for 6,500 more students will created

It Will boost India’s → technical education capacity. Budget.

Q16. How many Atal Tinkering Labs will be set up in government schools over the next 5 years as per the Union Budget 2025?
A. 10,000
B. 50,000
C. 25,000
D. 75,000
Ans : B

Aim : To Boost Creativity, Innovation & Scientific Temper Among Young Minds.

Q17. What is the total outlay for the Centre of Excellence in Artificial Intelligence for education in Budget 2025?
A. ₹500 crore
B. ₹200 crore
C. ₹750 crore
D. ₹1,000 crore
Ans : A

Q18. How many additional seats have been announced for medical colleges
and hospitals ?
A. 10,000
B. 5,000
C. 15,000
D. 8,000
Ans : A
In Next 5 Years → 75,000 Seats Will Be Added In Medical College & Hospital.

Q19. How many Cancer Centres will be established in 2025-26 as per the Union Budget?
A. 100
B. 200
C. 150
D. 250
Ans : B

Day Care Cancer Centers : To be set up in all district hospitals in the next 3
years

  • 200 Cancer Centres in 2025-26 → Will be setup → For affordable cancer treatment.

Q20. What is the objective of the Bharatiya Bhasha Pustak Scheme as per the Union Budget 2025?
A. Providing digital Books in Indian language for school and higher education
B. Translating foreign books into Indian languages
C. Publishing only regional language books for universities
D. Distributing free books to school students
Ans : A

Q21. Until which year has the Jal Jeevan Mission been extended to achieve 100% coverage ?
A. 2026
B. 2025
C. 2030
D. 2028
Ans : D

Total Budget Outlay For JJM → Rs 67,000 Cr


JJM – Jal Jeevan Mission

  • Launched : 15 August 2019
  • Under Ministry : Ministry Of Jal Shakti
  • Aim : By 2028 → To Provide Safe & Drinking Water To » Every Rural Household (Earlier Target – 2024)

Q22. What is the total amount allocated for the Urban Challenge Fund ?
A. ₹1 lakh crore
B. ₹50,000 crore
C. ₹2 lakh crore
D. ₹75,000 crore
Ans : A
Fund will be implemented for → Cities As Growth Hubs, Creative Redevelopment Of Cities, and Water & Sanitation

For 2025-26 → ₹10,000 Cr Allocated

It Will Boost → Urban Infrastructure

Q23. What is the proposed amount for the Maritime Development Fund in the Union Budget 2025?
A. ₹20,000 crore
B. ₹30,000 crore
C. ₹25,000 crore
D. ₹35,000 crore
Ans : C

Fund will provide → Long-term and low-cost financial support for Indigenous shipbuilding and other blue water infrastructure projects.

Q24. What is the proposed amount for the Nuclear Energy Mission for Viksit Bharat as per the Union Budget 2025?
A. ₹20,000 crore
B. ₹15,000 crore
C. ₹25,000 crore
D. ₹30,000 crore
Ans : A

Q25. How many new destinations are targeted under the UDAN scheme to enhance regional connectivity?
A. 101
B. 100
C. 150
D. 120
Ans : D

Aim : To carry 4 crore passengers over the next 10 years. Budget 2025
UDAN (UdeDeshkaAamNagrik) Scheme : Regional Connectivity Scheme (RCS)

  • Launched : 2016
  • Under : Civil Aviation Ministry

For BIHAR

  • Greenfield airports (Empty Land) will be developed in Bihar
  • Alongside the expansion of → Patna airport
  • Brownfield airport at → Bihta (Patna)
  • Western Koshi Canal ERM Project
  • Financial support for → Irrigation Infrastructure in Mithilanchal, Bihar.

Q26. How many tourist destinations across the country will be developed in partnership with states through a challenge mode?
A. 50
B. 75
C. 100
D. 150
Ans : A

Q27. Under which project will broadband connectivity be added to all govt secondary schools & primary healthcare centres in rural areas?
A. Digital India
B. BharatNet
C. PM Gati Shakti
D. National Knowledge Network
Ans : B

Q28. How much has been allocated to implement private sector-driven Research, Development, and Innovation initiatives ?
A. ₹20,000 crore
B. ₹15,000 crore
C. ₹25,000 crore
D. ₹30,000 crore
Ans : A

Q28. What is the name of the unified digital platform for international trade to be set up ? (Boost Export)
A. DigitalTrade India
B. GlobalTradeConnect
C. BharatTradeNet (BTN)
D. TradeNet India
Ans : C

Other Major Highlights

Q29. What is the income limit for which no income tax will be charged?
A. ₹10 lakh
B. ₹12 lakh
C. ₹15 lakh
D. ₹20 lakh
Ans : B

No Income Tax for annual incomes up to ₹12 lakh

  • For salaried taxpayers (who can claim deductions) → limit ₹12.75 lakh

NEW TAX REGIME

budget

Q30. How many life-saving drugs for cancer, chronic, and rare diseases have been fully exempted under the Union Budget 2025?
A. 36
B. 25
C. 40
D. 50
Ans : A

36 Drugs → Fully Exempted From Basic Customs Duty (BCD) »» Tax imposed on imported goods


  • Lithium-ion battery manufacturing capital goods for EVs and mobile devices →exempted from customs duty.

Q31. What is the credit limit for street vendors under the UPI-linked credit card in the PM SVANidhi Scheme?
A. ₹25,000
B. ₹20,000
C. ₹15,000
D. ₹30,000
Ans : D

PM SVANidhi Scheme {PM Street Vendors AtmaNirbhar Nidhi}

  • Launched : @ 2020
  • By : M/o Housing & Urban Affairs

Q32. How many provisions are set to be decriminalized under the Jan Vishwas Bill 2.0?
A. More than 100
B. More than 50
C. More than 75
D. More than 125
Ans : A

Jan Vishwas Bill 2.0 → It will remove criminal provisions from over 100 outdated laws

  • Replace Criminal Penalties (Jail) With → Civil Fines
  • Aim : To make doing business easier in the country.

Q33. How much funding has been allocated under SWAMIH Fund 2.0 to complete 1 lakh more housing project?
A. ₹10,000 crore
B. ₹15,000 crore
C. ₹20,000 crore
D. ₹12,000 crore
Ans : B

The money will come from → Government, Banks & Private Investors.

Q34. What is the new Foreign Direct Investment (FDI) limit for India’s insurance sector under the new proposal?
A. 90%
B. 75%
C. 80%
D. 100%
Ans :

Foreign Direct Investment (FDI) Limit → In the Insurance sector increased from 74% to 100%,

  • Available For those Foreign companies Who invest the entire premium in India.

Q35. Which institution will set up a partial credit guarantee scheme for corporate bonds in the infrastructure sector?
A. NaBFID
B. RBI
C. NABARD
D. SIDBI
Ans : A
NaBFID – National Bank for Financing Infrastructure and Development Budget.

Q36. Which institution will create the new ‘Grameen Credit Score’ system for easier loan access to SHG members & rural people?
A. NABARD
B. RBI
C. Public Sector Banks (PSBs)
D. SIDBI
Ans : C

Major Sources of Revenue and Expenditure

Budget Estimates 2025-26

  • Total receipts other than borrowings → Rs 34.96 lakh crore
  • Total expenditure → Rs 50.65 lakh crore
  • Net tax receipts are estimated → Rs 28.37 lakh crore
  • Fiscal deficit is estimated at → 4.4% of GDP
  • The gross market borrowings → Rs 14.82 lakh crore

Q37. What Will Be The Fiscal Deficit For FY2025-26?
A. 4.9%
B. 4.4%
C. 6.2%
D. 7.2%
Ans : B
Fiscal Deficit

  • For 2024-25 → 4.8%
  • For 2025-26 → 4.4% Of GDP

Fiscal Deficit : Total Expenditure – Total Revenue

Q38. What is the income limit for which no income tax will be charged?
A. ₹10 lakh
B. ₹12 lakh
C. ₹15 lakh
D. ₹20 lakh

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