General Knowledge Quiz on Union Budget 2025

 The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, brought a series of reforms and initiatives aimed at economic growth and social welfare. Increased funding for infrastructure, tax relief measures, and several other key sectors such as agriculture, health, and MSMEs have been touched upon in the budget. 

This General Knowledge quiz tests your understanding of the major announcements and allocations in the budget. Answer questions on fiscal deficit targets, major policy shifts, and new schemes. It's a good test of your knowledge of the Union Budget 2025 and what it means for India's future. 

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1. Who presented the Union Budget 2025?

1. a) Piyush Goyal
2. b) Nirmala Sitharaman
3. c) Arun Jaitley
4. d) Rajnath Singh

2. What is the total expenditure allocated in the Union Budget 2025?

1. a) ₹45 lakh crore
2. b) ₹50.65 lakh crore
3. c) ₹55 lakh crore
4. d) ₹60 lakh crore

3. What is the estimated fiscal deficit for the Union Budget 2025?

3. a) 3.5% of GDP
4. b) 4.0% of GDP
5. c) 4.4% of GDP
6. d) 5.0% of GDP

4. Which sector received significant funding for infrastructure development in the Union Budget 2025?

1. a) Education
2. b) Health
3. c) Railways and highways
4. d) Defense
   
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5. What key initiative aims to improve agricultural productivity in the Union Budget 2025?

1. a) Pradhan Mantri Kisan Samman Nidhi
2. b) National Mission on High Yielding Seeds
3. c) Soil Health Card Scheme
4. d) Digital India Initiative

6. What major tax reform was introduced in the Union Budget 2025 regarding income tax slabs?

1. a) Increased tax rates for higher income groups
2. b) Zero income tax for annual incomes up to ₹12 lakh under the new tax regime
3. c) Introduction of a wealth tax
4. d) Higher exemptions for senior citizens

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

1. a) Agricultural Development Board
2. b) Makhana Board
3. c) Bihar Crop Improvement Board
4. d) Fisheries and Aquaculture Board

8. How much funding was allocated for the Urban Challenge Fund in the Union Budget 2025?

1. a) ₹50,000 crore
2. b) ₹75,000 crore
3. c) ₹1 lakh crore
4. d) ₹1.5 lakh crore

9. What is one of the four engines of development highlighted in the Union Budget 2025?

1. a) Large Corporations
2. b) Startups
3. c) MSMEs (Micro, Small, and Medium Enterprises)
4. d) Foreign Investments

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

1. a) Interest-free loans up to ₹1 crore  
2. b) Term loans of up to ₹2 crore  
3. c) Grants for women-led startups  
4. d) Tax rebates for women entrepreneurs  

Answers

1. b) Nirmala Sitharaman
2. b) ₹50.65 lakh crore
3. c) 4.4% of GDP
4. c) Railways and highways
5. b) National Mission on High Yielding Seeds
6. b) Zero income tax for annual incomes up to ₹12 lakh under the new tax regime
7. b) Makhana Board
8. c) ₹1 lakh crore
9. c) MSMEs (Micro, Small, and Medium Enterprises)
10. b) Term loans of up to ₹2 crore

The Union Budget 2025 has generated debate and analysis nationwide. It is very critical as this would shape India's economic future focusing on infrastructure improvement, all products for agriculture, and an emphasis on inclusive growth. 

Using this quiz opportunity, you can check how well you have understood the key points of budget announcements like tax reforms, funds announced for MSMEs, and more importantly, the talk about regional development. Whether you are a student, a professional, or just someone interested in India's financial policies, this quiz is an engaging and educational way to learn more about the budget's impact on various sectors.

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