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Union Budget 2026-27 — Snapshot, Theme & Key Numbers — Practice MCQs

Questions: 10 | Attempted: 0

Q1GS3easy· direct

What is the theme of Union Budget 2026-27?

Q2GS3easy· match pairs

Match List I (Kartavya) with List II (Primary focus area):

List I

  • A. First Kartavya
  • B. Second Kartavya
  • C. Third Kartavya

List II

  • 1. Health, education, hospitality and sports
  • 2. Manufacturing, MSMEs and infrastructure
  • 3. Sabka Vikas — farmers, women, divyangjan and Purvodaya

Choose the correct match:

Q3GS3medium· statement correct

Consider the following statements about Budget Estimates 2026-27:

  1. Fiscal deficit is targeted at 4.4% of GDP.
  2. The primary deficit is targeted at 0.3% of GDP.
  3. The effective revenue deficit is targeted at zero.

Which of the statements given above are correct?

Q4GS3medium· direct

Public capital expenditure of the Union Government in BE 2026-27 is approximately:

Q5GS2medium· statement correct

Regarding the 16th Finance Commission, consider the following statements:

  1. It has been chaired by Arvind Panagariya.
  2. It has recommended raising the vertical share of States to 50% of the divisible pool of central taxes.
  3. Its recommendations apply for a five-year award period.

Which of the statements given above are correct?

Q6GS3easy· direct

Which expenditure head accounts for the single largest share of major item-wise spending in Budget 2026-27?

Q7GS3medium· statement reason

Consider the following:

Assertion (A):

Reason (R):

Q8GS3medium· match pairs

Match List I (Term) with List II (Definition):

List I

  • A. Effective Capital Expenditure
  • B. Primary Deficit
  • C. Effective Revenue Deficit
  • D. Vertical Devolution

List II

  • 1. Fiscal Deficit minus interest payments
  • 2. Capex plus grants-in-aid for capital assets
  • 3. Share of divisible pool transferred to all States combined
  • 4. Revenue Deficit minus grants for capital asset creation

Choose the correct match:

Q9GS3medium· statement correct

With reference to the financing of the Union Budget, consider the following statements (BE 2026-27):

  1. Borrowings and other liabilities are the single largest source of receipts.
  2. Income tax contributes more to the total receipts than corporation tax.
  3. Non-debt capital receipts contribute more than 10 paise per rupee.

Which of the statements given above are correct?

Q10GS3easy· direct

The 'India Reform Express' referred to in Budget 2026-27 represents: