Union Budget 2025 Questions and Answers – Union Budget 2025 Quiz

GK Question on Union Budget 2025: Finance Minister Arn Jaitley has presented the 2025 Union Budget on 01st February 2025. The Union budget 2025-25 is mainly focussed on the 10 issues. Union budget 2025-25 questions and answers are very useful for the competitive exams like bank exams, civil, any other government exams. You can get the Union Budget-related questions and answers on our portal. We have collected the top 100 GK Questions on Union Budget 2025-25.

Top Questions – Union Budget 2025-25:

Here is the best collection of important questions listed from the Union Budget 2025-25 that was presented by Union Finance Minister Arun Jaitley in the Lok Sabha on 1 February 2025. Go through the below sections to get the Expected Questions from Union Budget 2025-25.

100+ Union Budget 2025 GK Questions and Answers

Finance Minister Arun Jaitley’s Union Budget 2025 Report: This union budget 2025 is mainly focused on 10 themes.

• The farming sector
• Youth
• Infrastructure
• Speedy accountability
• Public services
• Poor and underprivileged health care.
• Tax administration for the honest.
• Prudent fiscal management.
• Financial sector for stronger institutions.
• Rural population.

Union Budget 2025-25 Questions and Answers – GK Questions on Union budget 2025

Agriculture sector

• Farmers shall feel secure against natural calamities.
• A sum of Rs. 10 lakh crore is allocated as the credit to farmers.
• NABARD fund will be increased to Rs. 40,000 crore.
• The Government will set up mini labs in Krishi Vigyan Kendras for soil testing.
• A dedicated micro irrigation fund will be set up for NABARD with Rs 5,000 crore initial corpus.
• Irrigation corpus increased to Rs 40,000 crore.
• Dairy processing infrastructure fund will be initially created with a corpus of Rs. 2000 crore.
• A model law on contract farming for all states.

For youth

• The Focus will be on 3,479 educationally backward blocks.
• Colleges will be identified based on accreditation.
• Will introduce a system of measuring annual learning outcomes
• Courses on foreign languages will be introduced.
• Will take steps to create 5000 PG seats per annum.

Top 100 GK Questions on Union Budget 2025-25 – Union Budget 2025-25 PDF

Infrastructure and Railways

• A total allocation of Rs. 39,61,354 crore.
• For Railways is Rs. 1,31,000 crore.
• No service charge on tickets booked through IRCTC.
• Raksha coach with a corpus of Rs. 1 lakh crore for five years.
• Five-hundred stations will be made differently-abled friendly.
• For highways – Rs. 64,000 crore.
• Coach Mitra facility.
• New Metro rail policy
• By 2019 all trains will have bio-toilets.

Demonetisation

• Demonetisation is expected to have a transient impact on the economy.
• It will have a great impact on the economy and lives of people.
• Demonetisation is a bold and decisive measure that will lead to higher GDP growth.
•  The effects of demonetization will not spill over to the next fiscal.

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Union Budget-related questions and answers – Railway Budget questions for bank exam

Rural population

• Targets to bring 1 crore households out of poverty.
• Five lakh farm ponds will be taken up under the MGNREGA.
• Will take steps to ensure participation of women in MGNREGA up to 55%.
• Proposes to complete 1 crore houses for those without homes.
• Will allocate Rs. 19,000 crore for Pradhan Mantri Gram Sadak Yojana in 2025-25.

For the poor and health care

• Rs. 500 crore – for Mahila Shakthi Kendras.
• A sum of Rs. 1,84,632 crore for women and children.
• Two AIIMS will be set up in Jharkhand and Gujarat.
• Allocation for Scheduled Castes is Rs. 52,393 crore
• Elimination of tuberculosis by 2025 targeted.
• Aadhaar-based smart cards will be issued to senior citizens to monitor health.
• Affordable housing will be given infrastructure status.

2nd February 2025 Current Affairs

Union Budget 2025-25 Questions and Answers –  Union Budget 2025-25 pdf

Energy Sector

• A strategic policy for crude reserves will be set up
• Rs. 1.26,000 Crore for energy production-based investments.
• Trade infra export scheme will be launched 2025-25.

Financial Sector

•  FDI policy reforms – more than 90% of FDI inflows are now automated.
• Pradhan Mantri Mudra Yojana lending target at Rs 2.44 lakh crore for 2025-25.
• Easy online booking system for Army, the defence personnel.
• Negotiable Instruments Act might be amended.
• Shares of Railway PSE like IRCTC would be listed on stock exchanges.
• Decided to abolish FIPB in 2025-25.

Fiscal Situation

• Total expenditure – Rs. 21, 47,000 crore
• Rs. 3,000 crore for Dept of Economic Affairs.
• Defence expenditure, excluding pension, at Rs 2,74,114 crore
• Expenditure in science and technology — Rs. 37,435 crore
• Total resources transferred to States and UTs is Rs 4.11 lakh crore
• Revenue deficit – 1.9 %

Union Budget 2025-25 MCQ – Union Budget Quiz and  2025-25 Union Budget questions for bank exam

On funding of political parties

• The Maximum amount of cash donation for political parties will be Rs 2,000.
• Political parties will be entitled to receive donations by cheque or digital mode from donors.

Tax proposals

• Proportion of direct tax to indirect tax is not optimal.
• 1.95 crore individuals showed income between Rs 2.5 lakh to Rs 5 lakh.
• Out of 76 lakh individual assessees declaring income more than Rs 5 lakh, 56 lakh are salaried.
• 1.95 crore individuals showed income between Rs 2.5 lakh to Rs 5 lakh.
• Propose to have carry-forward of MAT for 15 years.
• India’s tax to GDP ratio is not favorable.
• Propose to reduce basic customs duty for LNG to 2.5% from 5%.
• The Rate of growth of advance tax in Personal I-T is 34.8% in last three-quarters of this financial year.