The Union Budget of 2025-2026 is a vision of the Viksit Bharat, covering four dimensions such as agriculture, MSMEs, investment and exports, and inclusivity and reform. This budget also launches the Prime Minister’s Dhan Dhaniya Krishi Yojana. The Union Budget of 2025-2026 holds immense value in the finance department and in the nation as a whole. Herein, the fiscal deficiency is maintained with a 4.4% deficit of GDP and Rs 34.96 lakh crore in the non-borrowed receipts. The major investments in this year’s budget are put on skilling, health, the role of AI in education, urban infrastructure, and, most importantly, green energy. This is one of the most studied and one of the most buzzing topics of any competitive exam, be it at the national level or, state level. This blog post will guide you through all the important details and questions which are of utmost importance for you need to know about the Union Budget 2025-2026. It will cover all the examinations conducted by UPSC, SSC, Banking, State PSCs, Railways or any other competitive exam. These MCQs will not only help you to revise at the last moment but also clear your concepts, and let you know where you need to work more. These MCQs have been carefully designed to cover all the important details and highlights that were announced in the budget. So all those candidates who do not want to waste their time but want to invest it in the most strategic way are suggested to go through these MCQs.
According to the Union Budget 2025-26, what is the guiding spirit chosen to achieve the goal of Viksit Bharat?
a) Competitiveness
b) Inclusivity
c) Globalisation
d) Innovation
Correct Answer: (Option b) Inclusivity
In the budget, which four engines are mentioned as the main drivers of India’s future development journey?
a) Agriculture, Investment, Exports, MSME
b) Tourism, Education, Defence, Mining
c) Banking, Healthcare, Energy, IT
d) Roads, Railways, Ports, Airports
Correct Answer: (Option a) Agriculture, MSME, Investment, Exports
What is the name of the new agricultural programme covering 100 districts with low productivity announced in the budget?
a) Krishi Unnati Abhiyan
b) PM Dhan-Dhaanya Krishi Yojana
c) Rashtriya Krishi Kalyan Mission
d) National Farmer Prosperity Scheme
Correct Answer: (Option b) PM Dhan-Dhaanya Krishi Yojana
Under the Rural Prosperity and Resilience programme, which groups will get special focus for opportunities in rural areas?
a) Large industries only
b) Rural women, youth, marginal farmers, small farmers, landless families
c) Only state government employees
d) Export-oriented companies
Correct Answer: (Option b) Rural women, youth, marginal farmers, small farmers, landless families
Which new six-year agricultural mission will focus on increasing the production of pulses like Tur, Urad and Masoor?
a) Mission Pulses India
b) National Protein Yojana
c) Mission for Aatmanirbharta in Pulses
d) Rashtriya Dal Vikas Abhiyan
Correct Answer: (Option c) Mission for Aatmanirbharta in Pulses
Where will the new Makhana Board be set up to improve production, processing and marketing of makhana?
a) UP
b) Karnataka
c) Bihar
d) Madhya Pradesh
Correct Answer: (Option b) Bihar
What is the loan limit under the Modified Interest Subvention Scheme through Kisan Credit Cards increased to in the budget?
a) Rs 10 lakh only
b) Rs 54 lakh only
c) Rs 5 lakh only
d) Rs 7 lakh only
Correct Answer: (Option c) Rs 5 lakh only
In which state will a new urea plant with a capacity of 12.7 lakh metric tons be established?
a) Assam
b) Gujarat
c) Odisha
d) Jharkhand
Correct Answer: (Option a) Assam
Which sector has been described as the second engine of growth after agriculture in the 2025-26 budget?
a) Education sector
b) MSME sector
c) Energy sector
d) Defence sector
Correct Answer: (Option b) MSME sector
How much will the credit guarantee cover for Micro and Small Enterprises be enhanced in the budget?
a) Rs 20 crore only
b) Rs 50 crore only
c) Rs 60 crore only
d) Rs 10 crore only
Correct Answer: (Option d) Rs 10 crore only
Which new customised credit card with a Rs 5 lakh limit will be introduced for micro enterprises on the Udyam portal?
a) Udyam Pay Card
b) Micro Udyam Credit Card
c) MSME Growth Card
d) Udyam Credit Plus Card
Correct Answer: (Option b) Micro Udyam Credit Card
How many lakh women, SC and ST first-time entrepreneurs, will be supported under the new loan scheme?
a) 1 lakh only
b) 2 lakh only
c) 5 lakh only
d) 7 lakh only
Correct Answer: (Option c) 5 lakh only
Which product sector is expected to create 22 lakh jobs under the new focus product scheme announced in the budget?
a) Automobiles
b) Footwear and leather
c) Electronics
d) Textile
Correct Answer: (Option b) Footwear and leather
Where will the new National Institute of Food Technology, Entrepreneurship and Management be set up?
a) Maharashtra
b) Bihar
c) Punjab
d) Rajasthan
Correct Answer: (Option b) Bihar
How many Atal Tinkering Labs will be set up in government schools during the next five years?
a) 20,000 only
b) 30,000 only
c) 40,000 only
d) 50,000 only
Correct Answer: (Option d) 50,000
What is the total outlay of the new Centre of Excellence in Artificial Intelligence for Education?
a) 70 crore only
b) 60 crore only
c) 500 crore only
d)100 crore only
Correct Answer: (Option c) Rs 500 crore
How many additional medical seats are planned to be added next year under the budget proposals?
a) 5,00 only
b) 7,500 only
c) 10,000 only
d) 20,00 only
Correct Answer: (Option c) 10,000
How many gig workers are likely to benefit from healthcare coverage under PM Jan Arogya Yojana?
a) 50 lakh only
b) 70 lakh only
c) 1 crore only
d) 2 crore only
Correct Answer: (Option c) 1 crore
What is the proposed total outlay of the Urban Challenge Fund announced in the budget?
a) 500 crore only
b) 96,00 crore only
c) 1 lakh crore only
d) 2 lakh crore only
Correct Answer: (Option c) Rs 1 lakh crore
What is the target for the development of nuclear energy capacity in India by the year 2047?
a) 50 GW
b) 75 GW
c) 100 GW
d) 150 GW
Correct Answer: (Option c) 100 GW
How much funding will be given for the Nuclear Energy Mission for developing Small Modular Reactors (SMRs)?
a) Rs 5,000 crore
b) Rs 10,000 crore
c) Rs 15,000 crore
d) Rs 20,000 crore
Correct Answer: (Option d) Rs 20,000 crore
How many new destinations will be connected under the modified UDAN scheme for regional connectivity?
a) 80 only
b) 100 only
c) 120 only
d) 150 only
Correct Answer: (Option c) 120 only
What is the estimated fiscal deficit for the year 2025-26 as a percentage of GDP?
a) 8.0%
b) 6.2%
c) 4.4%
d) 7.8%
Correct Answer: (Option c) 4.4%
Which sector’s FDI limit will be raised from 74% to 100% under the conditions in the new budget?
a) Banking sector
b) Insurance sector
c) Defence sector
d) Telecom sector
Correct Answer: (Option b) Insurance sector
How many legal provisions were decriminalised in the Jan Vishwas Act 2023 before bringing the Jan Vishwas Bill 2.0?
a) More than 230 only
b) More than 940 only
c) More than 180 only
d) More than 570 only
Correct Answer: (Option c) More than 180 only
