GK Questions on Union Budget 2025-26 : Attempt Free Quiz Here
GK Questions on Union Budget 2025-26 : Attempt Free Quiz Here

Important GK Questions with Answers 2025-26

GK Questions on Union Budget 2025-26 for Banking Exams. As we all know that, Every year, the Finance Minister Ms Nirmala Sitharaman presents the budget, outlining its fiscal policies, revenue generation strategies, and expenditure plans for the upcoming financial year and outlines key policy directions across sectors. GK Questions on Union Budget 2025 are important for competitive exams like Banking, Insurance, Regulatory Body exam, SSC, Railways, State PCS, UPSC and other State Level exams.

The Union Budget 2025 introduced several key reforms, including changes in tax slabs, infrastructure investments, and social welfare schemes. Banking exams frequently include 5-10 questions from the latest Union Budget in General Awareness section. Questions related to budget allocations, fiscal policies, tax reforms, and economic initiatives frequently appear in upcoming exams.

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GK Questions on Union Budget 2025-26

Prepare for upcoming exams with our detailed Important GK Questions on Union Budget 2025-26! These budget questions covers key highlights, sector-wise allocations, tax reforms from the Union Budget 2025 to help you ace the Current Affairs section in SBI PO, IBPS PO, SBI Clerk, RBI Grade B, NABARD Grade A and other competitive exams.

1. What is the total allocation for Production Linked Incentive (PLI) Schemes in the 2025-26 Budget?

(a) ₹2,445 crore

(b) ₹19,482 crore

(c) ₹9,406 crore

(d) ₹7,500 crore

(e) ₹13,560 crore

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Correct Answer:  (b) ₹19,482 crore

Explanation:  India’s Production Linked Incentive (PLI) schemes have received a significant boost in the budget for FY 2025-26, with allocations more than doubling in many sectors. The outlay for PLI schemes has increased by a whopping 108% to Rs 19,482.58 crore in FY26 (Budget Estimates) from Rs 9,360.36 crore in FY25 (Revised Estimates). As per the budget presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday, the Department of Pharmaceuticals has been allocated Rs 2,445 crore, a notable increase from last year’s Rs 2,143 crore. The government aims to incentivise companies to reduce dependence on imports for critical drugs and position India as a global pharmacy. As per the budget presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday, the Department of Pharmaceuticals has been allocated Rs 2,445 crore, a notable increase from last year’s Rs 2,143 crore. The government aims to incentivise companies to reduce dependence on imports for critical drugs and position India as a global pharmacy.

2. What is the budget allocation for the Ministry of Electronics & IT in the 2025-26 Budget?

(a) ₹38,613.32 crore

(b) ₹26,026.25 crore

(c) ₹18,446.05 crore

(d) ₹13,416.20 crore

(e) ₹20,516.61 crore

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Correct Answer:  (b) ₹26,026.25 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹26,026.25 crore to the Ministry of Electronics and Information Technology (MeitY), marking a significant 48% increase from the previous year’s revised estimate of ₹17,566.31 crore. This substantial boost underscores the government’s commitment to advancing India’s digital infrastructure and technological capabilities. Key areas of focus include the IndiaAI Mission, semiconductor development, and production-linked incentive (PLI) schemes for large-scale electronics manufacturing and IT hardware. Notably, the allocation for the IndiaAI Mission surged over elevenfold to ₹2,000 crore, while funding for semiconductor projects more than doubled to ₹2,499.96 crore. These investments aim to foster innovation, attract investments, and position India as a global hub for electronics and information technology.​

3. What is the allocation for food subsidies in the 2025-26 Budget?

(a) ₹167,887 crore

(b) ₹203,420 crore

(c) ₹12,100 crore

(d) ₹2,76,618 crore

(e) ₹1,28,650 crore

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Correct Answer:  (b) ₹203,420 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government has allocated ₹203,420 crore for food subsidies. This allocation represents a modest increase of approximately 3% compared to the revised estimate of ₹197,420 crore for the previous fiscal year. The food subsidy is primarily directed towards funding the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended for an additional five years in November 2023, aiming to ensure food security for millions of beneficiaries across the country. This continued investment underscores the government’s commitment to supporting vulnerable populations and maintaining the effectiveness of the public distribution system.​

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4. What is the total allocation for Samagra Shiksha in the 2025-26 Budget?

(a) ₹7,500 crore

(b) ₹41,250 crore

(c) ₹13,560 crore

(d) ₹9,406 crore

(e) ₹21,960 crore

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Correct Answer:  (b) ₹41,250 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹41,250 crore to the Samagra Shiksha scheme, reflecting an increase from the previous year’s allocation of ₹37,010 crore. This enhancement underscores the government’s commitment to improving school education across the country. Samagra Shiksha, which integrates the erstwhile schemes of Sarva Shiksha Abhiyan, Rashtriya Madhyamik Shiksha Abhiyan, and Teacher Education, aims to provide holistic education from pre-primary to class XII. The increased funding is expected to support various initiatives, including the establishment of 50,000 Atal Tinkering Labs in government schools over the next five years, fostering innovation and scientific temper among students. This strategic investment highlights the emphasis on enhancing the quality and reach of education in alignment with the National Education Policy 2020.​

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5. What is the budget allocation for the Ministry of Women & Child Development in the 2025-26 Budget?

(a) ₹20,516.61 crore

(b) ₹26,889.69 crore

(c) ₹18,446.05 crore

(d) ₹13,416.20 crore

(e) ₹38,613.32 crore

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Correct Answer:  (b) ₹26,889.69 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹26,889.69 crore to the Ministry of Women and Child Development (MWCD), marking an approximate 16% increase from the revised estimate of ₹23,182.98 crore in the previous fiscal year. ​ A significant portion of this allocation, ₹21,960 crore, is dedicated to the Saksham Anganwadi and POSHAN 2.0 programs, which aim to combat malnutrition and enhance early childhood care and development. Additionally, Mission Shakti has been allocated ₹3,150 crore, and Mission Vatsalya has been allocated ₹1,500 crore, focusing on women’s empowerment and child protection services, respectively. ​

This increased funding underscores the government’s commitment to the welfare and development of women and children, aiming to improve nutrition, provide protection services, and empower women through various targeted initiatives.​

6. What is the total allocation for PM Gram Sadak Yojana in the 2025-26 Budget?

(a) ₹67,000 crore

(b) ₹19,000 crore

(c) ₹13,560 crore

(d) ₹9,406 crore

(e) ₹21,960 crore

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Correct Answer:  (b) ₹19,000 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government has allocated ₹19,000 crore to the Pradhan Mantri Gram Sadak Yojana (PMGSY). This represents a 31% increase from the previous year’s revised estimate of ₹14,500 crore. The enhanced allocation underscores the government’s commitment to improving rural infrastructure by providing all-weather road connectivity to unconnected villages, thereby facilitating better access to markets, education, and healthcare services. Since its inception, PMGSY has significantly contributed to rural development by connecting numerous habitations across the country.

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7. What is the allocation for Ayushman Bharat – PMJAY in the 2025-26 Budget?

(a) ₹21,960 crore

(b) ₹13,560 crore

(c) ₹9,406 crore

(d) ₹7,500 crore

(e) ₹19,000 crore

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Correct Answer:  (c) ₹9,406 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹9,406 crore to the Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This allocation represents a 24% increase from the previous year’s revised estimate, highlighting the government’s commitment to expanding healthcare access. AB-PMJAY aims to provide health insurance coverage of up to ₹5 lakh per family annually to over 12 crore economically disadvantaged families, facilitating cashless treatment at empaneled hospitals across India. The increased funding is expected to enhance the scheme’s reach and effectiveness, ensuring broader coverage and improved healthcare services for beneficiaries.

8. What is the total allocation for Social Assistance Programs in the 2025-26 Budget?

(a) ₹7,500 crore

(b) ₹9,652 crore

(c) ₹13,560 crore

(d) ₹21,960 crore

(e) ₹9,406 crore

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Correct Answer:  (b) ₹9,652 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government has allocated ₹9,652 crore to Social Assistance Programs. This allocation is intended to support various initiatives aimed at providing financial aid and welfare services to vulnerable and marginalized populations. The funding encompasses schemes such as pensions for senior citizens, widows, and persons with disabilities, as well as other forms of social security assistance. This allocation underscores the government’s commitment to enhancing the social safety net and promoting inclusive development across the country.

9. What is the allocation for the Ministry of Power in the 2025-26 Budget?

(a) ₹21,847.00 crore

(b) ₹26,026.25 crore

(c) ₹18,446.05 crore

(d) ₹13,416.20 crore

(e) ₹20,516.61 crore

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Correct Answer:  (a) ₹21,847.00 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹21,847.00 crore to the Ministry of Power. This allocation reflects a strategic focus on enhancing the nation’s power infrastructure and promoting sustainable energy initiatives. A significant portion of this budget is dedicated to the Revamped Distribution Sector Scheme (RDSS), which received ₹16,021 crore. The RDSS aims to improve the quality and reliability of power supply by reducing aggregate technical and commercial losses and eliminating the gap between the average cost of supply and average revenue realized. Additionally, funds are allocated for the development of smart grids, green energy corridors, and transmission upgrades, underscoring the government’s commitment to modernizing the power sector and ensuring efficient energy distribution across the country.

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10. What is the budget allocation for the Ministry of Ports, Shipping & Waterways in the 2025-26 Budget?

(a) ₹5,850.37 crore

(b) ₹3,470.58 crore

(c) ₹13,416.20 crore

(d) ₹20,516.61 crore

(e) ₹18,446.05 crore

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Correct Answer:  (b) ₹3,470.58 crore

Explanation:  In the Union Budget for the fiscal year 2025-26, the Indian government allocated ₹3,470.58 crore to the Ministry of Ports, Shipping, and Waterways. This allocation represents a 21% increase over the previous year’s revised estimate of ₹2,859 crore, reflecting the government’s commitment to enhancing maritime infrastructure and inland waterways. ​A significant portion of this budget is dedicated to the Inland Waterways Authority of India (IWAI), which received ₹1,944 crore—a 31% increase from the previous year’s allocation. This funding aims to boost the development and regulation of national waterways, facilitating more efficient and sustainable inland water transport. ​

Additionally, the budget includes provisions for the Sagarmala Programme, focusing on port modernization, new port development, and port connectivity enhancement. These initiatives are designed to promote port-led development, improve logistics efficiency, and contribute to economic growth.

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Union Budget Cracker Book 2025

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman with the theme “Sabka Vikas” stimulating balanced growth of all regions, focuses on sustainable growth, infrastructure development, digital transformation, and social welfare schemes. Key highlights include tax reforms, fiscal deficit targets, increased allocations for defense and healthcare, and incentives for startups.

The Union Budget Cracker Book 2025 is an indispensable resource for banking and insurance exam aspirants. With detailed highlights, MCQs, and expert analysis, it ensures complete mastery over budget-related questions. For those targeting IBPS, SBI, RBI, or insurance exams, this eBook is a must-have to boost scores in the General Awareness section. This eBook consist Important Highlights & Budget Analysis, along with important 150+ questions and answers to crack competitive exams 2025. Download your copy today and stay ahead in your exam preparation!

Union Budget MCQ eBook 2025-26: The Ultimate Guide for Banking & Insurance Exams
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