WorksheetsUnion Budget 2025
Total questions: 41
Worksheet time: 22mins
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)
The Union Budget 2025-26 focuses on which main theme?
Digital India
Make in India
Sabka Vikas
Skill India
How many consecutive budgets has Nirmala Sitharaman presented as of 2025?
8
10
5
12
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
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
What is the constitutional basis for the presentation of the Union Budget?
Article 110
Article 112
Article 280
Article 324
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
Which tax reform is proposed in the Union Budget 2025 to simplify the tax structure?
Introduction of a new tax slab
Reduction in corporate tax rates
Implementation of a single GST rate
Increase in income tax exemption limits
Who was the first finance minister to present the Union Budget of independent India?
Morarji Desai
R.K. Shanmukham Chetty
Yashwantrao Chavan
C.D. Deshmukh
In which year was the railway budget merged with the Union Budget?
2014
2016
2017
2019
The first paperless Union Budget was presented in which year?
2018
2019
2020
2021
Which of the following is NOT a source of revenue for the Union Budget?
Goods and Services Tax (GST)
Direct Taxes (Income Tax, Corporate Tax)
Non-tax Revenue (Dividends, Spectrum Sale)
Monetary Policy
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
1 → d
2 →c
3 → b
4 → a
Which of the following is a direct tax collected by the government?
Goods and Services Tax (GST)
Corporate Tax
Excise Duty
Custom Duty
The Ashoka Pillar with four lions is the official emblem of which organization?
Reserve Bank of India (RBI)
Supreme Court of India
State Bank of India (SBI)
Government of India
Which organization’s logo features a tiger and a palm tree?
Reserve Bank of India (RBI)
Securities and Exchange Board of India (SEBI)
Life Insurance Corporation of India (LIC)
State Bank of India (SBI)
Which Indian organization has the motto "Yogakshemam Vahamyaham" in its logo?
Insurance Regulatory and Development Authority of India (IRDAI)
Life Insurance Corporation of India (LIC)
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
Identify the Indian professor who designed The Rupee symbol (₹)
Raghuram Rajan
Udaya Kumar Dharmalingam
Bimal Jalan
C. Rangarajan
The Dignitary , shown in the image has presented the highest number of Union Budgets in India. Who is he?
Pranab Mukherjee
Morarji Desai
P. Chidambaram
Arun Jaitley
Who was the first woman to present the Union Budget of India?
Nirmala Sitharaman
Indira Gandhi
Sheila Dixit
Sushma Swaraj
This is a picture of India's Finance Minister during the introduction of GST in 2017. Who is it
Piyush Goyal
Nirmala Sitharaman
Arun Jaitley
Suresh Prabhu
Identify the dignitary shown in the image who was the Finance Minister when India introduced the Fiscal Responsibility and Budget Management (FRBM) Act in 2003?
Arun Jaitley
P. Chidambaram
Yashwant Sinha
Manmohan Singh
When and Which Finance Minister said “ the world is watching us with bated breath” hinting at India's economic reforms and also quoted "I must be cruel only to be kind", from Shakespeare's Hamlet, while announcing tough economic measures?
1991-92 by Manmohan Singh
2017-18 by Arun Jaitley
2020-21 by Nirmala Sitharaman
1997-98 by P. Chidambaram
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
One of the key focuses of the Union Budget 2025 for MSMEs was on improving their access to what?
International markets
Skilled labor
Credit
Raw materials
What is the total expenditure allocated in the Union Budget 2025?
₹45 lakh crore
₹50.65 lakh crore
₹55 lakh crore
₹60 lakh crore
What initiative was announced to support first-time women entrepreneurs in the Union Budget 2025?
Interest-free loans up to ₹1 crore
Term loans of up to ₹2 crore
Grants for women-led startups
Tax rebates for women entrepreneurs
Which board was established to promote Makhana cultivation in Bihar as part of the budget initiatives?
Agricultural Development Board
Makhana Board
Bihar Crop Improvement Board
Fisheries and Aquaculture Board
What is one of the four engines of development highlighted in the Union Budget 2025?
Large Corporations
Startups
MSMEs
Foreign Investments
Which government scheme provides collateral-free loans to MSMEs?
PM-KISAN
CGTMSE
RERA
MGNREGA
What is the name of the online portal where MSMEs can register and avail benefits?
MSME Direct
Udyam Portal
Bharat Business Hub
Digital MSME
What is the new income tax exemption limit under the revised tax regime in the Union Budget 2025-2026?
₹5 lakh
₹7 lakh
₹10 lakh
₹12 lakh
Which tax exemption was introduced to promote the manufacturing of electric vehicles (EVs) in the Union Budget 2025-26?
Exemption on import duty for EVs
Exemption on capital goods for lithium-ion battery manufacturing
Exemption on road tax for EVs
Exemption on GST 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
Repo rate means?
The interest rate banks charge their customers.
The rate at which the government borrows money from the public
The interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks.
The rate at which commercial banks lend money to the RBI.
A lower Repo rate will impact the economy by?
Lower Interest rates and lower inflation
Lower Interest rates and Higher inflation
Higher Interest rates and Lower inflation
Higher Interest rates and Higher Inflation
Which of the following is the largest bank in india in terms of Market capitalization
SBI
HDFC
KOTAK
ICICI
Which is the highest value currency in the world
United States Dollar (USD)
British Pound (GBP)
Kuwaiti Dinar (KWD)
Swiss Franc (CHF)
During the peak of hyperinflation in 2007-2009, which country issued the highest denominated currency note?
Germany
Venezuela
Zimbabwe
Argentina
