MCQ Test: February 01, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation Focuses on Fiscal Consolidation and Infrastructure

On February 1, 2026, Nirmala Sitharaman presented her ______ consecutive Union Budget.

A) Seventh B) Eighth C) Ninth D) Tenth

What is the pegged fiscal deficit target for the financial year 2026-27?

A) 4.5% of GDP B) 4.3% of GDP C) 4.4% of GDP D) 5.1% of GDP

The Public Capital Expenditure (Capex) for FY 2026-27 has been hiked to which amount?

A) ₹10.5 lakh crore B) ₹11.1 lakh crore C) ₹12.2 lakh crore D) ₹15.0 lakh crore

On which date is the new Income Tax Act, 2025 set to come into effect?

A) January 1, 2026 B) April 1, 2026 C) March 31, 2026 D) April 1, 2025

The Union Budget 2026-27 announced the removal of basic customs duty on how many life-saving cancer drugs?

A) 10 B) 12 C) 17 D) 25

What is the revised Securities Transaction Tax (STT) rate on futures as per the 2026-27 Budget?

A) 0.01% B) 0.025% C) 0.05% D) 0.1%

Which new mission has replaced the MGNREGA scheme?

A) PM-Kisan Rozgar Yojana B) Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) C) Mahatma Gandhi Gram Swaraj Mission D) National Rural Livelihood Mission 2.0

The 'Mahatma Gandhi Gram Swaraj' scheme is primarily focused on which sectors?

A) Digital literacy and internet connectivity B) Khadi, handloom, and handicraft C) Primary healthcare and sanitation D) Solar energy and irrigation

Under Semiconductor Mission 2.0, what is the allocated outlay for component manufacturing?

A) ₹20,000 crore B) ₹30,000 crore C) ₹40,000 crore D) ₹50,000 crore

In which of the following states are the proposed 'Rare Earth Corridors' located?

A) Gujarat, Rajasthan, and Punjab B) Odisha, Kerala, Andhra Pradesh, and Tamil Nadu C) Maharashtra, Karnataka, and Goa D) Bihar, West Bengal, and Assam

What is the total allocation for City Economic Regions (CERs) over a period of five years?

A) ₹2,500 crore B) ₹5,000 crore C) ₹10,000 crore D) ₹1,500 crore

The Ministry of Education received an allocation of ₹1.39 lakh crore. This represents what percentage increase over the previous allocation?

A) 5.50% B) 7.25% C) 8.27% D) 10.0%

How many high-speed rail corridors were proposed in the Budget 2026-27?

A) 3 B) 5 C) 7 D) 10

When is the decadal census, which will include caste enumeration, scheduled to begin?

A) April 1, 2026 B) January 1, 2027 C) April 1, 2027 D) October 2, 2027

Who was sworn in as the first woman Deputy Chief Minister of Maharashtra on January 31, 2026?

A) Supriya Sule B) Sunetra Pawar C) Pankaja Munde D) Rashmi Thackeray

During the 2nd India-Arab Foreign Ministers' Meeting, India reiterated its support for a sovereign solution for which nation?

A) Yemen B) Palestine C) Syria D) Libya

What is the estimated total expenditure for the fiscal year 2026-27?

A) ₹45.2 trillion B) ₹48.0 trillion C) ₹53.5 trillion D) ₹60.1 trillion

The budget proposed a ______ foreign asset disclosure scheme for small taxpayers to regularize past non-disclosures.

A) Three-month B) Six-month C) One-year D) Two-year

Which ministry was allocated ₹2.55 lakh crore with a focus on internal security and border infrastructure?

A) Ministry of Defence B) Ministry of Home Affairs C) Ministry of External Affairs D) Ministry of Road Transport and Highways

How many new national waterways are proposed to be operationalized according to the Budget 2026-27?

A) 10 B) 15 C) 20 D) 25

GK Ocean

February 01, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation Focuses on Fiscal Consolidation and Infrastructure

Your Score: 0 / 0

On February 1, 2026, Nirmala Sitharaman presented her ______ consecutive Union Budget.

What is the pegged fiscal deficit target for the financial year 2026-27?

The Public Capital Expenditure (Capex) for FY 2026-27 has been hiked to which amount?

On which date is the new Income Tax Act, 2025 set to come into effect?

The Union Budget 2026-27 announced the removal of basic customs duty on how many life-saving cancer drugs?

What is the revised Securities Transaction Tax (STT) rate on futures as per the 2026-27 Budget?

Which new mission has replaced the MGNREGA scheme?

The 'Mahatma Gandhi Gram Swaraj' scheme is primarily focused on which sectors?

Under Semiconductor Mission 2.0, what is the allocated outlay for component manufacturing?

In which of the following states are the proposed 'Rare Earth Corridors' located?

What is the total allocation for City Economic Regions (CERs) over a period of five years?

The Ministry of Education received an allocation of ₹1.39 lakh crore. This represents what percentage increase over the previous allocation?

How many high-speed rail corridors were proposed in the Budget 2026-27?

When is the decadal census, which will include caste enumeration, scheduled to begin?

Who was sworn in as the first woman Deputy Chief Minister of Maharashtra on January 31, 2026?

During the 2nd India-Arab Foreign Ministers' Meeting, India reiterated its support for a sovereign solution for which nation?

What is the estimated total expenditure for the fiscal year 2026-27?

The budget proposed a ______ foreign asset disclosure scheme for small taxpayers to regularize past non-disclosures.

Which ministry was allocated ₹2.55 lakh crore with a focus on internal security and border infrastructure?

How many new national waterways are proposed to be operationalized according to the Budget 2026-27?

February 01, 2026 - Current affairs for all the Exams: Union Budget 2026-27: Historic Sunday Presentation Focuses on Fiscal Consolidation and Infrastructure

Your Score: 0 / 0

On February 1, 2026, Nirmala Sitharaman presented her ______ consecutive Union Budget.

What is the pegged fiscal deficit target for the financial year 2026-27?

The Public Capital Expenditure (Capex) for FY 2026-27 has been hiked to which amount?

On which date is the new Income Tax Act, 2025 set to come into effect?

The Union Budget 2026-27 announced the removal of basic customs duty on how many life-saving cancer drugs?

What is the revised Securities Transaction Tax (STT) rate on futures as per the 2026-27 Budget?

Which new mission has replaced the MGNREGA scheme?

The 'Mahatma Gandhi Gram Swaraj' scheme is primarily focused on which sectors?

Under Semiconductor Mission 2.0, what is the allocated outlay for component manufacturing?

In which of the following states are the proposed 'Rare Earth Corridors' located?

What is the total allocation for City Economic Regions (CERs) over a period of five years?

The Ministry of Education received an allocation of ₹1.39 lakh crore. This represents what percentage increase over the previous allocation?

How many high-speed rail corridors were proposed in the Budget 2026-27?

When is the decadal census, which will include caste enumeration, scheduled to begin?

Who was sworn in as the first woman Deputy Chief Minister of Maharashtra on January 31, 2026?

During the 2nd India-Arab Foreign Ministers' Meeting, India reiterated its support for a sovereign solution for which nation?

What is the estimated total expenditure for the fiscal year 2026-27?

The budget proposed a ______ foreign asset disclosure scheme for small taxpayers to regularize past non-disclosures.

Which ministry was allocated ₹2.55 lakh crore with a focus on internal security and border infrastructure?

How many new national waterways are proposed to be operationalized according to the Budget 2026-27?

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