1. For Union Budget 2025, India has pegged its fiscal deficit goal at what share of GDP?
Answer: B. The budget fixes the deficit target at 4.4% of GDP, continuing the consolidation path while still funding infrastructure and welfare. The figure is below the target of the preceding year.
2. Economic Survey 2024-25 forecasts what GDP growth rate for India in FY25?
Answer: D. The Survey puts FY25 growth at 6.4%, with FY26 expected in a 6.3-6.8% band. Outside agencies such as the IMF and World Bank see growth of 6.5-7%.
3. A ₹1 lakh crore allocation in Budget 2025 was earmarked for which digital push?
Answer: E. Government set aside ₹1 lakh crore for development of AI, quantum computing and semiconductors. The aim is technological self-reliance and wider digital transformation.
4. Budget 2025 announced India's first Nuclear Energy Mission; what is its central goal?
Answer: A. The mission targets 100 GW of nuclear capacity by 2047 as part of the shift toward clean and sustainable energy.
5. The Economic Survey 2024-25 reports India's present unemployment rate to be what?
Answer: C. Unemployment has fallen to 3.2%, reflecting better job creation and post-pandemic recovery. Earlier years saw it around 6%.
6. What was the approximate value of UPI transactions in India during FY24?
Answer: D. UPI transaction value came close to ₹2 lakh billion in FY24, showing how widely digital payments and financial inclusion have spread.
7. Between 2011 and 2022, which segment of Indian agriculture grew at the fastest CAGR?
Answer: B. Fisheries led with an 8.7% CAGR, ahead of Meat & Eggs at 7.5% and Livestock & Milk at 5.8%. This shows stronger growth outside cereals.
8. Regarding AI use in banking, which main worry does the Economic Survey 2024-25 flag?
Answer: C. The Survey cautions that AI adoption could cost jobs and calls for protection of workers, reskilling programmes and AI regulation to manage the risks.
9. Budget 2025 earmarked how much money for green hydrogen efforts?
Answer: A. An outlay of ₹19,000 crore goes to the Green Hydrogen Mission, which supports clean energy and lowers reliance on fossil fuels.
10. Per Economic Survey 2024-25, the services sector employs roughly what share of India's workforce?
Answer: B. Services generate 55% of GVA yet provide jobs to just 30% of workers, which signals a need to create more employment in the sector.