Prelims Mantra (Practice Questions) (02/02/2026)

Consider the following proposals made in Union Budget 2026–27:

1. Introduction of “Education to Employment and Enterprise” Standing Committee

2. Safe Harbour threshold for IT services enhanced significantly

3. Cap on fiscal deficit at 3.5% of GDP

Which of the statements given above are correct?

Which of the following reflects the Government of India’s intent in Budget 2026–27?

I. Boosting human capital through targeted education-industry linkages

II. Reducing capital expenditure to lower fiscal pressure

III. Promoting India as a global hub for AI Data Centres

Select correct answer using the code below:

In the context of Budget 2026–27, what does raising the threshold for Safe Harbour provisions primarily aim to do?

With reference to Budget 2026–27, the term ‘Semiconductor Mission 2.0’ refers to initiatives aimed at:

Which of these is a direct application of the ‘Bharat-VISTAAR’ initiative announced in the Budget 2026–27?

Under India’s disaster management framework, classifying heatwaves and lightning as national disasters would primarily help in which of the following?

1. Direct release of mitigation funds from National Disaster Response Fund (NDRF)

2. Standardise early warning dissemination at district level

3. Inclusion in national risk atlas and planning

Select the correct answer using the code given below:

Which Article of the Indian Constitution provides for the establishment of the Finance Commission that recommended including heatwaves and lightning as disasters?

One of the features of the new Income Tax Act, 2025, is a special disclosure scheme (FAST DS). Its primary objective is to:

Under the new Income Tax Act, 2025 which of the following statements is correct?

The Biopharma Shakti initiative aims primarily at:

If the RBI keeps the policy repo rate unchanged when inflation is within the target band, the likely aim is to: