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

Union Budget 2025-26 Highlights & Budget Analysis

Union Budget MCQ eBook 2025-26: The Ultimate Guide for Banking & Insurance Exams. As we all know the Union Budget 2025 was presented by the Finance Minister, Nirmala Sitharaman On February 1, 2025 in Lok Sabha for the fiscal year 2025-26, outlining a series of strategic measures aimed at revitalizing India’s economy. The Union Budget focuses on tax reforms, agricultural development, infrastructure enhancement, support for startups and MSMEs, and social welfare initiatives. Budget 2025 is an important topic in most of the competitive exam preparations like SEBI Grade A, RBI Grade A, NABARD Grade A, Bank PO & Clerk (IBPS, SBI), Other Banking & Insurance, for the General/Economy/Financial awareness section.

Understanding the Union Budget and Economic Survey is essential for competitive exams as they frequently feature in the General Awareness (GA) section. This article covers key highlights, analysis, and Multiple Choice Questions (MCQs) related to the Union Budget MCQ eBook 2025-26, ensuring a strategic approach for exam preparation.

Union Budget MCQ eBook 2025-26

The Union Budget MCQ eBook 2025-26 is a comprehensive guide designed for aspirants preparing for banking and insurance exams such as IBPS, SBI PO, RBI Grade B, SEBI, NABARD, and SSC CGL. This eBook provides an in-depth analysis of the Union Budget 2025-26 and Economic Survey 2025, along with expected Multiple Choice Questions (MCQs) to help banking & insurance exam aspirants.

At Let’s Study Together (LST) we understand our students’ requirements and keep them in mind, so the LST Team created a Very special eBook “The Ultimate Guide of Union Budget MCQ eBook 2025-26 for Banking & Insurance Exams” ”consist Important Highlights & Budget Analysis, along with important 150+ questions and answers to crack competitive exams 2025. Topics covered in the Union Budget MCQ eBook 2025-26 are:-

Topics Covered:

• Union Budget at Glance
• What is a Budget?
• Key Objectives of a Budget
• Key Components of the Union Budget
• Significance of the Union Budget
• Methods of Government Budgeting
• Types of Budget: Understanding the Foundation of Government Finance
• Procedure for Budget Enactment
• Objectives of Government Budget
• Economic Survey 2025: Important Highlights, Summary, and Important Points
• Budget Highlights, Economic Survey, and Fiscal Policies.
• Detailed Explanations for better conceptual understanding.
• Quick Revision Notes on Key Terms like Fiscal Deficit, GDP, and Taxation.

The Union Budget MCQ eBook 2025-26 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. Download your copy today and stay ahead in your exam preparation!

Why is the “Union Budget MCQ eBook 2025-26” Important for Banking & Insurance Exams?

Understanding the Union Budget and Economic Survey is crucial for banking and insurance exams due to:

• High Weightage in GA Section: 15-20%of General Awareness questions are based on budget and economic survey. The Budget reflects government priorities, financial allocations, and economic policy changes which are vital for aspirants.
• Current Affairs Relevance: Questions on tax policies, fiscal deficit, and schemes frequently appear. Most banking and insurance exams include questions from the latest budget announcements.
• Interview & Descriptive Papers: Banking interviews and mains exams often include budget-related discussions. Candidates are often asked to write essays or answers related to the Budget.
• MCQ-Based Testing: Competitive exams test conceptual clarity through direct and analytical MCQs.

Union Budget 2025-26

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, 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. On the other hand, the Economic Survey 2025 delves into macroeconomic indicators such as GDP growth, inflation, employment trends, and sector-wise performance, offering valuable insights for policymakers and exam aspirants alike.

The Finance Minister presented the Union Budget 2025-26 with the theme “Sabka Vikas” stimulating balanced growth of all regions.

• Article 112 of the Constitution requires the government to present to Parliament a statement of estimated receipts and expenditure in respect of every financial year, from April 1 to March 31.
• This statement is called the annual financial statement.
• It is divided into three parts – Consolidated Fund, Contingency Fund and Public Account.
• For each of these funds, the government has to present a statement of receipts and expenditure.

The budget targets reform in six sectors;

• Taxation;
• Power Sector;
• Urban Development;
• Mining;
• Financial Sector; and
• Regulatory Reforms.

The Finance Minister outlined the broad Principles of Viksit Bharat, these are as follows:

• Zero-poverty
• Hundred per cent good quality school education
• Access to high-quality, affordable, and comprehensive healthcare
• 100% skilled labour with meaningful employment
• 70 % women in economic activities
• Farmers making our country the ‘food basket of the world’.

Union Budget highlights that Agriculture, MSME, Investment, and Exports are four engines in the journey to Viksit Bharat.

Economic Survey 2025:

The Economic Survey 2025, presented by the Ministry of Finance, serves as the government’s official report on India’s economic performance over the past year and outlines key policy recommendations for sustainable growth. The Economic Survey 2025 highlights India’s resilience amid global economic uncertainties, emphasizing GDP growth, inflation control, fiscal consolidation, and digital transformation. With a special focus on job creation, green energy, and infrastructure development, the survey acts as a blueprint for India’s economic strategy in the coming year. For exam preparation, understanding the Economic Survey 2025 is crucial as it covers:

• Key economic indicators (GDP, inflation, fiscal deficit).
• Sector-wise growth (agriculture, manufacturing, services).
• Government initiatives (PLI schemes, infrastructure push).
• Global economic comparisons.

Economic Survey prepared by the Economic Division of the Department of Economic Affairs, under the supervision of the Chief Economic Advisor (CEA). Presented a day before the Union Budget each year. The first Economic Survey was released for 1950-51 and was presented along with the Budget until 1964.

The “Union Budget & Economic Survey 2025-26” offers a comprehensive view of India’s economic trajectory and governance priorities. The Union Budget 2025-26 are important for competitive exam aspirants, offering insights into India’s economic policies. This guide covers key highlights, sector-wise allocations, and exam relevance, ensuring comprehensive preparation. For competitive exam preparations like SEBI Grade A, RBI Grade A, NABARD Grade A, Bank PO & Clerk (IBPS, SBI), Other Banking & Insurance, mastering these topics can significantly boost scores in the GA section.

Note: If you have any suggestions through which we can improve the quality of this “Union Budget MCQ eBook 2025-26: The Ultimate Guide for Banking & Insurance Exams”, then please tell us in the comments, we are looking forward to knowing your suggestions and making corrections. For any questions, suggestions, or feedback, please E-mail us at [email protected]  and [email protected]