Union Budget 2025 India GK Quiz Check 10 General Knowledge Questions

Union Budget 2025: The budget session of Parliament began on Friday (31 January 2025) with the address of President Draupadi Murmu at the joint session of both houses. After this, Finance Minister Nirmala Sitharaman has introduced the Economic Survey 2025 in Lok Sabha and Rajya Sabha on Friday (31 January 2025).

Modi’s first full budget of 3.0 term

The Economic Survey expresses challenges to the country with assessment of the performance of the economy in the current financial year. The first economic review in the country was introduced in 1950-51. At that time it was part of the budget document. In the Economic Review introduced in Parliament, it has been estimated that the economic growth rate in the current financial year can be a four -year low of 6.4 percent. The Finance Minister will present the first full budget of 3.0 term in Parliament on 1 February 2025. There are many questions related to the budget, which can be asked in competitive examination.

Questions and answers related to budget

Question: When was the first economic survey conducted in the country
answer: 1950-51

Question: Who presents the Union Budget of India?
answer: Finance minister

Question: What is the financial year duration in India?
answer: 1 April to 31 March

Question: What was the name of the first Finance Minister to present the Union Budget of Independent India?
answer: R. Of. Shanmukham Chetty

Question: What is fiscal deficit?
answer: Total expenditure reduced total receipts (except borrowings)

Question: Which are the two finance ministers of India, who did not get a chance to present the budget?
answer: Kshitij Chandra Niyogi (KC Niyogi) and Hemwati Nandan Bahuguna (HN Bahuguna)

Question: Which constitutional article belongs to the Union Budget?
answer: Article 112

Question: Which area gets the highest allocation in the Union Budget.
answer: protect

Question: What does GDP mean?
Answer: GDP

Question: Which Finance Minister has given the longest budget speech so far?
answer: Nirmala Sitharaman (two hours on February 1, 2020)

Also read: Budget 2025 Senior Citizen Expectation: What will happen for the elderly in the budget of Budget 2025, where and how much will the senior citizen get benefits