Online Quiz Awareness on Union Budget 2026 with Certificate

Organizer: HKBK DEGREE COLLEGE, Department of Commerce Under the Guidance of IQAC, in Association with Student Welfare Cell.
Affiliated to Bengaluru North University Nagawara, opp Manyata Tech Park, Bangalore 560045.

About the Quiz Competition

• Quiz Awareness on Union Budget 2026
• Date: 07/02/2026
• Free Participants
• Form: Google Form
• Open to All.
• Participants will be awarded with an E-certificates.
• The certificate will include Name, Designation / Role, and College/Institution Name as provided in the registration form.
• All participants to fill in the details accurately, as the same information will be used for certificate generation

Apply Link

More Details Contact: +9199454 95963, Email ID lavanya.bba@hkbk.edu.in

100% Correct Answers Available Union Budget 2026 Here

Kindly attend all the questions

1. The primary objective of Union Budget fiscal consolidation is to:
   *
   1 point
   A. Increase public sector employment
   B. Reduce fiscal deficit over the medium term
   C. Maximize indirect tax collection
   D. Eliminate all subsidies
2. The term “Revenue Deficit” refers to:
   *
   1 point
   A. Excess of capital expenditure over capital receipts
   B. Excess of revenue expenditure over revenue receipts
   C. Total borrowing by the government
   D. Decline in GDP growth rate
3. In Budget terminology, Capital Expenditure is mainly associated with:
   *
   1 point
   A. Salaries and pensions
   B. Subsidies and welfare schemes
   C. Long-term asset creation and infrastructure
   D. Interest payments
4. Which is a Non-Tax Revenue source?
   *
   1 point
   A. Dividend from Public Sector Enterprises
   B. Customs Duty
   C. Income Tax
   D. GST Collection
5. The FRBM Act mainly focuses on:
   *
   1 point
   A. Increasing imports
   B. Privatizing all PSUs
   C. Ensuring fiscal discipline and debt sustainability
   D. Eliminating GST
6. Fiscal Multiplier means:
   *
   1 point
   A. Borrowing reduces liquidity
   B. Government spending generates multiple rounds of income
   C. Subsidies decrease GDP
   D. Tax increase always reduces inflation
7. A key challenge in achieving fiscal deficit targets is:
   *
   1 point
   A. Rising interest burden and subsidy commitments
   B. High literacy rates
   C. Excess foreign reserves
   D. Low population growth
8. Disinvestment refers to:
   *
   1 point
   A. Raising corporate tax rates
   B. Increasing FDI limits
   C. Selling government stake in PSUs
   D. Reducing imports
9. Tax Buoyancy indicates:
   *
   1 point
   A. Stability of tax rates
   B. Decline in compliance
   C. Responsiveness of tax revenue to GDP growth
   D. Increase in indirect tax burden
10. Which is NOT part of the Union Budget structure?
    *
    1 point
    A. Consolidated Fund of India
    B. Public Account of India
    C. State Finance Commission Fund
    D. Contingency Fund of India
11. Green Budgeting emphasizes:
    *
    1 point
    A. Increasing coal subsidies
    B. Climate-resilient and sustainable fiscal planning
    C. Higher defence expenditure
    D. Reduction in capital expenditure
12. Direct Tax is one where:
    *
    1 point
    A. Tax is levied only on imports
    B. Tax burden can be shifted
    C. Tax is imposed directly on income or wealth
    D. Tax applies only on goods and services
13. Budget scrutiny after presentation is done by:
    *
    1 point
    A. RBI Monetary Policy Committee
    B. Parliamentary Standing Committee on Finance
    C. NITI Aayog
    D. Finance Commission
14. The largest component of government expenditure generally includes:
    *
    1 point
    A. Export incentives
    B. Foreign aid
    C. Interest payments and subsidies
    D. Only capital investments
15. Higher capital expenditure in Budget 2026 reflects:
    *
    1 point
    A. Decline in fiscal discipline
    B. Reduction in private sector role
    C. Investment-led growth and infrastructure push
    D. Pure consumption-led strategy