Which tax reform is proposed in the Union Budget 2025 to simplify the tax structure?

Increase in income tax exemption limits

Reduction in corporate tax rates

Implementation of a single GST rate

Which of the following is NOT a source of revenue for the Union Budget?

Direct Taxes (Income Tax, Corporate Tax)

Non-tax Revenue (Dividends, Spectrum Sale)

Match the terms to their appropriate definations .

1 → a 2 → c 3 → b 4 → d

1 → a 2 → b 3 → c 4 → d

1 → b 2 → a 3 → d 4 → c

Which organization’s logo features a tiger and a palm tree ?

Securities and Exchange Board of India (SEBI)

Life Insurance Corporation of India (LIC)

Which Indian organization has the motto "Yogakshemam Vahamyaham" in its logo?

Life Insurance Corporation of India (LIC)

Insurance Regulatory and Development Authority of India (IRDAI)

National Bank for Agriculture and Rural Development (NABARD)

Employees' Provident Fund Organization (EPFO)

The SBI (State Bank of India) logo represents:

A keyhole symbolizing security and trust

A rupee coin representing banking services

A handshake representing partnerships

A lotus flower symbolizing growth

What is the full form of MSME, an important sector in the Indian economy?

Micro, Small, and Medium Enterprises

Modern Sector and Medium Enterprises

Manufacturing and Services Market Economy

Macro and Small Market Enterprises

What initiative was announced to support first-time women entrepreneurs in the Union Budget 2025?

Interest-free loans up to ₹1 crore

Tax rebates for women entrepreneurs

Which board was established to promote Makhana cultivation in Bihar as part of the budget initiatives?

Fisheries and Aquaculture Board

Which tax exemption was introduced to promote the manufacturing of electric vehicles (EVs) in the Union Budget 2025-26?

Exemption on capital goods for lithium-ion battery manufacturing

Exemption on import duty for EVs

The term fiscal deficit in the Union Budget refers to

The difference between total revenue and total expenditure of the government

The difference between capital receipts and capital expenditure

The difference between revenue deficit and primary deficit

The total borrowing of the government

What are the 4th Engine of Development as per the budget 2025?

Agriculture, MSMEs, Investment , Exports

Exports, MSMEs, Consumption, Innovation (R&D)

Economic growth, MSMEs, Infra, exports

Social welfare, Education, Healthcare, Infrastructure

The interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks.

The interest rate banks charge their customers.

The rate at which the government borrows money from the public

The rate at which commercial banks lend money to the RBI.

A lower Repo rate will impact the economy by?

Lower Interest rates and Higher inflation

Lower Interest rates and lower inflation

Higher Interest rates and Lower inflation

Higher Interest rates and Higher Inflation

Union Budget 2025

Quiz

•

Financial Education

•

University

•

Practice Problem

•

Medium

yashika gupta

Used 2+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The Indian Union Budget 2025 places significant emphasis on four key pillars, often referred to by the acronym "GYAN." Which of the following correctly identifies these four pillars?

Grahak, Yojna, Aarthik, and Nagrik. (Consumer, Scheme, Economic, and Citizen)

Gramin, Udyog, Aay, and Nirman. (Rural, Industry, Income, and Construction)

Garib, Yuva, Annadata, and Nari. (Poor, Youth, Farmer, and Woman)

Gyan, Yogdan, Awas, and Nivesh. (Knowledge, Contribution, Housing, and Investment)

Answer explanation

c) Garib, Yuva, Annadata, and Nari. (Poor, Youth, Farmer, and Woman)

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The Union Budget 2025-26 focuses on which main theme?

Digital India

Make in India

Sabka Vikas

Skill India

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many consecutive budgets has Nirmala Sitharaman presented as of 2025?

8

10

5

12

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which cultural destinations will receive special focus according to the 2025 budget?

Historical forts

Ancient temples

Coastal areas

Destinations related to the life and times of Lord Buddha

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The Union Budget is prepared by which department of the Ministry of Finance?

Department of Revenue

Department of Economic Affairs

Department of Expenditure

Department of Financial Services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the constitutional basis for the presentation of the Union Budget?

Article 110

Article 112

Article 280

Article 324

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an Interim Budget in India?

To introduce new long-term policies

To revise the previous year's budget

To manage government expenses until a new government is formed

To revise the previous year's budget

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Union Budget 2025

41 questions

The Indian Union Budget 2025 places significant emphasis on four key pillars, often referred to by the acronym "GYAN." Which of the following correctly identifies these four pillars?

c) Garib, Yuva, Annadata, and Nari. (Poor, Youth, Farmer, and Woman)

The Union Budget 2025-26 focuses on which main theme?

How many consecutive budgets has Nirmala Sitharaman presented as of 2025?

Which cultural destinations will receive special focus according to the 2025 budget?

The Union Budget is prepared by which department of the Ministry of Finance?

What is the constitutional basis for the presentation of the Union Budget?

What is the primary purpose of an Interim Budget in India?

Which tax reform is proposed in the Union Budget 2025 to simplify the tax structure?

Who was the first finance minister to present the Union Budget of independent India?

In which year was the railway budget merged with the Union Budget?

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