Union Budget Key Highlights and Priorities Quiz

Question 1

On which date was the Union Budget 2026-27 presented?

Accepted Answer

1 February 2026

Answer

5 March 2026

Answer

28 February 2026

Answer

15 January 2026

Question 2

By what name was the Budget 2026-27 described?

Accepted Answer

Yuva Shakti-Driven Budget

Answer

Manufacturing-Led Budget

Answer

Green-Power Budget

Answer

Development-Focused Budget

Question 3

What is the capital expenditure (Capex) set for FY 2026-27?

Accepted Answer

₹12.2 lakh crore

Answer

₹15.8 lakh crore

Answer

₹10.5 lakh crore

Answer

₹9.3 lakh crore

Question 4

What is the fiscal deficit target set as a percentage of GDP in Budget 2026-27?

Accepted Answer

4.3%

Answer

4.8%

Answer

5.1%

Answer

3.8%

Question 5

Which new initiative was launched in Budget 2026-27 to strengthen semiconductor manufacturing?

Accepted Answer

India Semiconductor Mission 2.0

Answer

Digital Chip Development Scheme

Answer

Electronics Manufacturing Initiative

Answer

Indigenous Technology Promotion

Question 6

According to Budget 2026-27, what are the three key priorities (Kartavyas) of the government?

Accepted Answer

Economic growth, citizens' aspirations, inclusive development

Answer

Defense spending, education reform, healthcare

Answer

Agricultural development, industrialization, urbanization

Answer

Export growth, foreign investment, technological innovation

Question 7

How much outlay has been allocated under Biopharma SHAKTI scheme?

Accepted Answer

₹10,000 crore

Answer

₹5,000 crore

Answer

₹15,000 crore

Answer

₹7,500 crore

Question 8

How many strategic sectors are given special focus in Budget 2026-27?

Accepted Answer

Seven

Answer

Five

Answer

Nine

Answer

Ten

Question 9

What changes were made to the income tax slab structure in Budget 2026-27?

Accepted Answer

No major changes were announced

Answer

Introduction of new high income slab

Answer

2% reduction in all slabs

Answer

Increase in standard rates for all taxpayers

Question 10

Which emerging sectors are focused upon in Budget 2026-27?

Accepted Answer

AI, data centres, advanced manufacturing, digital infrastructure

Answer

Traditional agriculture, textiles, timber industry

Answer

Coal mining, oil production, textile export

Answer

Tourism, hospitality, retail trade

Union Budget Key Highlights and Priorities

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