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Economy — Current Affairs Questions & Practice

Practise 78 Economy questions from Current Affairs for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong.

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Practice questions on Economy — with answers

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1. The Union Budget 2026-27 was presented with a core theme focused on which concept?

AYuva Shakti (youth power)
BAtmanirbhar Bharat
CDigital India
DMake in India

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Answer: A

The Union Budget 2026-27 emphasized 'Yuva Shakti' (youth power), focusing on strengthening domestic manufacturing, scaling high-growth services, and reinforcing infrastructure.

2. Which mission was announced in the Union Budget 2026-27 to sustain progress in domestic semiconductor manufacturing?

AIndia Semiconductor Mission 2.0
BDigital India Mission
CSkill India Mission
DNational Manufacturing Mission

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Answer: A

The Union Budget 2026-27 announced India Semiconductor Mission 2.0 to sustain progress achieved under Mission 1.0 for another five to six years.

3. Which state was positioned as a pivotal hub for critical mineral mining and processing under the Rare Earth Corridor announced in Union Budget 2026-27?

AKerala
BOdisha
CJharkhand
DChhattisgarh

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Answer: A

The Union Budget 2026-27 announced a dedicated Rare Earth Corridor positioning Kerala as a pivotal hub for critical mineral mining and processing.

4. At approximately what percentage of GDP was the fiscal deficit anchored in the Union Budget 2026-27?

A4.3%
B3.5%
C5.1%
D6.0%

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Answer: A

The Union Budget 2026-27 anchored the fiscal deficit at approximately 4.3% of GDP, with public capex rising to over Rs. 12.2 trillion.

5. The Biopharma SHAKTI scheme, announced in Budget 2026 with an allocation of Rs. 10,000 crore, aims to strengthen domestic production of which category of medicines?

AAdvanced medicines including biologics for cancer and diabetes
BGeneric over-the-counter drugs
CAyurvedic and herbal medicines
DVeterinary medicines

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Answer: A

The Biopharma SHAKTI scheme, allocated Rs. 10,000 crore in Budget 2026, aims to strengthen domestic production of advanced medicines including biologics for treating cancer and diabetes.

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Economy — Current Affairs Questions & Practice

Practice questions on Economy — with answers

1. The Union Budget 2026-27 was presented with a core theme focused on which concept?

2. Which mission was announced in the Union Budget 2026-27 to sustain progress in domestic semiconductor manufacturing?

3. Which state was positioned as a pivotal hub for critical mineral mining and processing under the Rare Earth Corridor announced in Union Budget 2026-27?

4. At approximately what percentage of GDP was the fiscal deficit anchored in the Union Budget 2026-27?

5. The Biopharma SHAKTI scheme, announced in Budget 2026 with an allocation of Rs. 10,000 crore, aims to strengthen domestic production of which category of medicines?

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