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Are you preparing for government job exams? Budget 2025 is one of the most important topics for competitive exams, and having a strong grasp of its key highlights is essential.
This collection of 100 Multiple Choice Questions (MCQs) covers all the crucial aspects of Budget 2025, including economic policies, allocations, tax reforms, government schemes, and financial strategies. These questions are designed to help aspirants prepare effectively for exams like SSC, Banking, Railway, WBCS, UPSC, and other state-level government job exams.
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| Income Range (₹) | Tax Rate |
|---|---|
| Up to ₹12 lakh | Nil |
| ₹8–12 lakh | 10% |
| ₹12–16 lakh | 15% |
| ₹16–20 lakh | 20% |
| ₹20–25 lakh | 25% |
| Above ₹25 lakh | 30% |
Key Points:
- No tax is levied on income up to ₹12 lakh.
- For income between ₹8 lakh and ₹12 lakh, a 10% tax is applied only to the amount exceeding ₹8 lakh.
- For income between ₹12 lakh and ₹16 lakh, a 15% tax is applied only to the amount exceeding ₹12 lakh.
- This pattern continues, with higher tax rates applied to higher income slabs.
- If someone earns ₹18 lakh annually under the new regime:
- ₹0–12 lakh: 0% tax = ₹0
- ₹12–16 lakh: 15% tax = 15% of ₹4 lakh = ₹60,000
- ₹16–18 lakh: 20% tax = 20% of ₹2 lakh = ₹40,000
- Total tax = ₹60,000 + ₹40,000 = ₹1,00,000
Notes:
- The new tax regime is optional, and taxpayers can choose between the old regime (with deductions and exemptions) and the new regime (with lower rates but no deductions).
- The new regime is beneficial for individuals who do not have significant investments or expenses that qualify for deductions.
SSC Mock Test 2025 – Click Here
Best 100 MCQs for General Knowledge – Budget 2025
- What is the primary objective of the Prime Minister Dhan-Dhaanya Krishi Yojana?
(A) To develop urban infrastructure
(B) To support 1.7 crore farmers in 100 low-productivity districts
(C) To promote foreign trade
(D) To build roads in rural areas
✅ Answer: (B) To support 1.7 crore farmers in 100 low-productivity districts - What is the focus of the ‘Mission for Aatmanirbharta in Pulses’?
(A) Rice and Wheat
(B) Tur, Urad, and Masoor
(C) Fruits and Vegetables
(D) Cotton and Sugarcane
✅ Answer: (B) Tur, Urad, and Masoor - For how many years is the ‘Mission for Aatmanirbharta in Pulses’ planned?
(A) 3 years
(B) 5 years
(C) 6 years
(D) 10 years
✅ Answer: (C) 6 years - Which organizations will procure pulses from farmers under the new mission?
(A) FCI and NABARD
(B) NAFED and NCCF
(C) ICAR and IFFCO
(D) APEDA and MPEDA
✅ Answer: (B) NAFED and NCCF - Where will a Makhana Board be established?
(A) Punjab
(B) Bihar
(C) West Bengal
(D) Uttar Pradesh
✅ Answer: (B) Bihar - What is the objective of the National Mission on High-Yielding Seeds?
(A) To import seeds from other countries
(B) To strengthen research and develop high-yielding seeds
(C) To reduce seed prices
(D) To ban genetically modified seeds
✅ Answer: (B) To strengthen research and develop high-yielding seeds - The government plans to focus on sustainable fisheries in which areas?
(A) Ganga River Basin
(B) Andaman & Nicobar and Lakshadweep Islands
(C) Western Ghats
(D) Sundarbans Delta
✅ Answer: (B) Andaman & Nicobar and Lakshadweep Islands - What is the duration of the ‘Mission for Cotton Productivity’?
(A) 3 years
(B) 5 years
(C) 7 years
(D) 10 years
✅ Answer: (B) 5 years - What will be the new loan limit under the Modified Interest Subvention Scheme for KCC?
(A) ₹ 2 lakh
(B) ₹ 3 lakh
(C) ₹ 4 lakh
(D) ₹ 5 lakh
✅ Answer: (D) ₹ 5 lakh - Where will a new Urea Plant with an annual capacity of 12.7 lakh metric tons be established?
(A) Gujarat
(B) Assam
(C) Tamil Nadu
(D) Rajasthan
✅ Answer: (B) Assam - What is the goal of the ‘Comprehensive Programme for Vegetables & Fruits’?
(A) To import fruits and vegetables
(B) To promote production, processing, and remunerative prices for farmers
(C) To ban pesticide use
(D) To export only organic produce
✅ Answer: (B) To promote production, processing, and remunerative prices for farmers - How many developing agri-districts will be covered in Phase-1 of the ‘Building Rural Prosperity and Resilience’ program?
(A) 50 districts
(B) 75 districts
(C) 100 districts
(D) 150 districts
✅ Answer: (C) 100 districts - What is the revised classification criteria for MSMEs in terms of investment and turnover?
(A) Investment and turnover limits to remain the same
(B) Investment limit to be enhanced to 2.5 times and turnover to 2 times
(C) Only turnover limit to be enhanced
(D) Investment limit to be reduced
✅ Answer: (B) Investment limit to be enhanced to 2.5 times and turnover to 2 times - What is the limit of the customized credit cards for micro enterprises registered on the Udyam portal?
(A) ₹ 1 lakh
(B) ₹ 5 lakh
(C) ₹ 10 lakh
(D) ₹ 25 lakh
✅ Answer: (B) ₹ 5 lakh - How many customized credit cards will be issued for micro enterprises in the first year?
(A) 5 lakh cards
(B) 10 lakh cards
(C) 20 lakh cards
(D) 50 lakh cards
✅ Answer: (B) 10 lakh cards - What is the contribution amount for the new Fund of Funds for Startups?
(A) ₹ 1,000 crore
(B) ₹ 5,000 crore
(C) ₹ 10,000 crore
(D) ₹ 20,000 crore
✅ Answer: (C) ₹ 10,000 crore - Which groups will benefit from the new scheme for first-time entrepreneurs?
(A) Only women
(B) Scheduled Castes and Scheduled Tribes
(C) Women, Scheduled Castes, and Scheduled Tribes
(D) Small and medium-sized businesses
✅ Answer: (C) Women, Scheduled Castes, and Scheduled Tribes - What is the loan limit for first-time entrepreneurs under the new scheme?
(A) ₹ 50 lakh
(B) ₹ 1 crore
(C) ₹ 2 crore
(D) ₹ 5 crore
✅ Answer: (C) ₹ 2 crore - What will the Focus Product Scheme for Footwear & Leather Sectors aim to enhance?
(A) Production of leather goods
(B) Productivity, quality, and competitiveness of the sector
(C) Imports of footwear
(D) International branding of leather products
✅ Answer: (B) Productivity, quality, and competitiveness of the sector - How many people are expected to be employed due to the Focus Product Scheme for Footwear & Leather Sectors?
(A) 10 lakh persons
(B) 15 lakh persons
(C) 20 lakh persons
(D) 22 lakh persons
✅ Answer: (D) 22 lakh persons - What is the expected turnover from the Focus Product Scheme for Footwear & Leather Sectors?
(A) ₹ 2 lakh crore
(B) ₹ 4 lakh crore
(C) ₹ 6 lakh crore
(D) ₹ 8 lakh crore
✅ Answer: (B) ₹ 4 lakh crore - What is the export target from the Focus Product Scheme for Footwear & Leather Sectors?
(A) ₹ 50,000 crore
(B) ₹ 75,000 crore
(C) ₹ 1 lakh crore
(D) ₹ 1.1 lakh crore
✅ Answer: (D) ₹ 1.1 lakh crore - What is the main aim of the new scheme for the Toy Sector?
(A) To reduce imports of toys
(B) To make India a global hub for toys
(C) To manufacture traditional Indian toys
(D) To improve toy exports
✅ Answer: (B) To make India a global hub for toys - Where will the National Institute of Food Technology, Entrepreneurship, and Management be set up?
(A) Maharashtra
(B) Tamil Nadu
(C) Uttar Pradesh
(D) Bihar
✅ Answer: (D) Bihar - What is the aim of the National Manufacturing Mission?
(A) To reduce manufacturing costs
(B) To cover small, medium, and large industries for “Make in India”
(C) To attract foreign manufacturing companies
(D) To focus on high-tech industries
✅ Answer: (B) To cover small, medium, and large industries for “Make in India” - What is the goal of the Saksham Anganwadi and Poshan 2.0 scheme?
(A) To provide free food to Anganwadi children
(B) To enhance cost norms for nutritional support
(C) To provide health insurance to children
(D) To improve sanitation in Anganwadis
✅ Answer: (B) To enhance cost norms for nutritional support - How many Atal Tinkering Labs will be set up in government schools in the next 5 years?
(A) 10,000
(B) 20,000
(C) 30,000
(D) 50,000
✅ Answer: (D) 50,000 - What is the primary objective of the Bharatnet project?
(A) To provide free internet to schools
(B) To improve broadband connectivity to government secondary schools and PHCs in rural areas
(C) To establish broadband infrastructure in urban areas
(D) To provide broadband to private institutions
✅ Answer: (B) To improve broadband connectivity to government secondary schools and PHCs in rural areas - What does the Bharatiya Bhasha Pustak Scheme aim to provide?
(A) Printed Indian language books for schools
(B) Digital-form Indian language books for school and higher education
(C) Free books in regional languages
(D) English language books for rural areas
✅ Answer: (B) Digital-form Indian language books for school and higher education - How many National Centres of Excellence for Skilling will be set up?
(A) 3
(B) 5
(C) 10
(D) 15
✅ Answer: (B) 5 - What is the purpose of setting up the Centre of Excellence in AI for Education?
(A) To promote AI research
(B) To teach AI to students
(C) To develop AI solutions for educational institutions
(D) To enhance the use of AI in education
✅ Answer: (D) To enhance the use of AI in education - How much is the total outlay for the Centre of Excellence in AI for education?
(A) ₹ 200 crore
(B) ₹ 300 crore
(C) ₹ 500 crore
(D) ₹ 1,000 crore
✅ Answer: (C) ₹ 500 crore - How many additional seats will be added to medical colleges and hospitals next year?
(A) 5,000
(B) 10,000
(C) 15,000
(D) 20,000
✅ Answer: (B) 10,000 - What is the government’s plan for Day Care Cancer Centres in district hospitals?
(A) Set up 100 centres in the next 3 years
(B) Set up 200 centres in 2025-26
(C) Set up 500 centres in 5 years
(D) No plan for Day Care Cancer Centres
✅ Answer: (B) Set up 200 centres in 2025-26 - What is the purpose of the scheme for strengthening urban livelihoods?
(A) To increase urban employment opportunities
(B) To provide housing for urban workers
(C) To improve incomes and sustainable livelihoods of urban workers
(D) To establish free daycare services for urban workers
✅ Answer: (C) To improve incomes and sustainable livelihoods of urban workers - What are the key features of the revamped PM SVANidhi scheme?
(A) Free loans for all workers
(B) Enhanced loans, UPI linked credit cards, and capacity building support
(C) Free training for street vendors
(D) Financial aid for urban workers only
✅ Answer: (B) Enhanced loans, UPI linked credit cards, and capacity building support - What benefits will gig-workers receive under the Social Security Scheme for Online Platform Workers?
(A) Subsidized housing
(B) Free healthcare
(C) Identity cards, registration on e-Shram portal, and healthcare under PM Jan Arogya Yojna
(D) Tax exemptions
✅ Answer: (C) Identity cards, registration on e-Shram portal, and healthcare under PM Jan Arogya Yojna - What is the purpose of the 3-year pipeline of projects in PPP mode?
(A) To reduce government spending on infrastructure
(B) To improve public-private partnerships in infrastructure
(C) To encourage states to develop their own infrastructure
(D) To privatize all infrastructure projects
✅ Answer: (B) To improve public-private partnerships in infrastructure - How much is the outlay proposed for interest-free loans to states for capital expenditure?
(A) ₹50,000 crore
(B) ₹1 lakh crore
(C) ₹1.5 lakh crore
(D) ₹2 lakh crore
✅ Answer: (C) ₹1.5 lakh crore - What is the goal of the Asset Monetization Plan for 2025-30?
(A) To reduce government investment in infrastructure
(B) To generate ₹10 lakh crore for new projects
(C) To privatize all public assets
(D) To reduce the burden on state budgets
✅ Answer: (B) To generate ₹10 lakh crore for new projects - Until what year will the Jal Jeevan Mission be extended?
(A) 2025
(B) 2026
(C) 2028
(D) 2030
✅ Answer: (C) 2028 - What is the total outlay proposed for the Urban Challenge Fund?
(A) ₹50,000 crore
(B) ₹1 lakh crore
(C) ₹1.5 lakh crore
(D) ₹2 lakh crore
✅ Answer: (B) ₹1 lakh crore - What is the Nuclear Energy Mission for Viksit Bharat aiming to achieve?
(A) To generate 50% of the country’s energy from nuclear power
(B) To develop 5 Small Modular Reactors (SMRs) by 2033
(C) To export nuclear energy technology
(D) To reduce the use of fossil fuels in power generation
✅ Answer: (B) To develop 5 Small Modular Reactors (SMRs) by 2033 - What is the Maritime Development Fund’s corpus?
(A) ₹10,000 crore
(B) ₹15,000 crore
(C) ₹25,000 crore
(D) ₹50,000 crore
✅ Answer: (C) ₹25,000 crore - What is the modified UDAN scheme aimed at enhancing?
(A) Domestic air travel prices
(B) Regional connectivity to 120 new destinations
(C) International flight services
(D) Creating more airports in urban areas
✅ Answer: (B) Regional connectivity to 120 new destinations - Which state is to have a Greenfield airport and the expansion of Patna airport?
(A) Uttar Pradesh
(B) West Bengal
(C) Bihar
(D) Maharashtra
✅ Answer: (C) Bihar - What is the Western Koshi Canal Project in Mithilanchal aimed at?
(A) Irrigation development in Bihar
(B) Infrastructure for tourism in Bihar
(C) Financial support for improving urban transport
(D) Providing power to rural areas in Bihar
✅ Answer: (A) Irrigation development in Bihar - What is the purpose of the SWAMIH Fund 2?
(A) To support new startup businesses
(B) To expedite the completion of 1 lakh dwelling units
(C) To develop greenfield projects
(D) To provide loans to small-scale industries
✅ Answer: (B) To expedite the completion of 1 lakh dwelling units - What is the goal of the Tourism for Employment-led Growth scheme?
(A) To create new tourist attractions
(B) To develop the top 50 tourist destinations in India in partnership with states
(C) To attract foreign tourists
(D) To improve domestic tourism
✅ Answer: (B) To develop the top 50 tourist destinations in India in partnership with states - How much is allocated for the private sector-driven Research, Development, and Innovation initiative?
(A) ₹10,000 crore
(B) ₹15,000 crore
(C) ₹20,000 crore
(D) ₹25,000 crore
✅ Answer: (C) ₹20,000 crore - What is the purpose of the Deep Tech Fund of Funds?
(A) To promote environmental sustainability
(B) To support the next generation of startups
(C) To fund healthcare innovation
(D) To enhance manufacturing capabilities
✅ Answer: (B) To support the next generation of startups - How many fellowships are being offered under the PM Research Fellowship for technological research?
(A) 5,000 fellowships
(B) 7,500 fellowships
(C) 10,000 fellowships
(D) 12,000 fellowships
✅ Answer: (C) 10,000 fellowships - What is the purpose of the 2nd Gene Bank for Crops Germplasm?
(A) To store seeds for agricultural diversity
(B) To enhance food and nutritional security
(C) To support genetic research in plants
(D) To preserve rare crops
✅ Answer: (B) To enhance food and nutritional security - What is the National Geospatial Mission aimed at developing?
(A) Remote sensing technology
(B) Geospatial infrastructure and data
(C) Geographical mapping for tourism
(D) Agricultural research data
✅ Answer: (B) Geospatial infrastructure and data - What is the focus of the Gyan Bharatam Mission?
(A) To digitize educational content
(B) To promote scientific research in heritage conservation
(C) To survey, document, and conserve manuscript heritage
(D) To enhance library facilities across India
✅ Answer: (C) To survey, document, and conserve manuscript heritage - What is the primary goal of the Export Promotion Mission?
(A) To promote domestic trade
(B) To increase exports with sectoral and ministerial targets
(C) To enhance import regulations
(D) To improve international diplomatic relations
✅ Answer: (B) To increase exports with sectoral and ministerial targets - What is the purpose of BharatTradeNet (BTN)?
(A) To create a new currency system for trade
(B) To serve as a unified platform for international trade documentation and financing
(C) To provide global market insights
(D) To manage internal trade regulations
✅ Answer: (B) To serve as a unified platform for international trade documentation and financing - What is the National Framework for GCC aimed at promoting?
(A) Local manufacturing in urban areas
(B) Global Capability Centres in tier 2 cities
(C) Government regulations for international trade
(D) Investment in global businesses
✅ Answer: (B) Global Capability Centres in tier 2 cities - What is the FDI limit for the insurance sector set to be raised to?
(A) 50%
(B) 74%
(C) 100%
(D) 120%
✅ Answer: (C) 100% - What is the purpose of NaBFID’s Partial Credit Enhancement Facility?
(A) To support corporate bonds in the banking sector
(B) To enhance credit for infrastructure corporate bonds
(C) To manage corporate taxes
(D) To promote FDI in corporate bonds
✅ Answer: (B) To enhance credit for infrastructure corporate bonds - What is the ‘Grameen Credit Score’ framework designed for?
(A) To manage corporate loans
(B) To serve the credit needs of SHG members and rural areas
(C) To track corporate bonds
(D) To develop investment strategies for urban areas
✅ Answer: (B) To serve the credit needs of SHG members and rural areas - What is the focus of the High-Level Committee for Regulatory Reforms?
(A) Review of non-financial sector regulations, certifications, licenses, and permissions
(B) To manage investment laws
(C) To regulate pension funds
(D) To enhance insurance policies
✅ Answer: (A) Review of non-financial sector regulations, certifications, licenses, and permissions - When is the Investment Friendliness Index of States set to be launched?
(A) 2023
(B) 2024
(C) 2025
(D) 2026
✅ Answer: (C) 2025 - What is the objective of the Jan Vishwas Bill 2.0?
(A) To enhance regulations in financial sectors
(B) To decriminalize provisions in various laws
(C) To create new financial products
(D) To increase FDI in insurance
✅ Answer: (B) To decriminalize provisions in various laws - What is the income limit under the new tax regime for which no personal income tax is payable?
(A) ₹10 lakh
(B) ₹12 lakh
(C) ₹12.75 lakh
(D) ₹15 lakh
✅ Answer: (B) ₹12 lakh - For salaried taxpayers, what is the income limit under the new tax regime, considering the standard deduction?
(A) ₹12 lakh
(B) ₹12.5 lakh
(C) ₹12.75 lakh
(D) ₹13 lakh
✅ Answer: (C) ₹12.75 lakh - What is the expected outcome of the new tax structure for the middle class?
(A) Higher taxes and reduced savings
(B) No change in taxes
(C) Substantial reduction in taxes, boosting consumption, savings, and investment
(D) Increased taxes on capital gains
✅ Answer: (C) Substantial reduction in taxes, boosting consumption, savings, and investment - What is the revenue forgone in direct taxes due to the new income-tax structure?
(A) ₹50,000 crore
(B) ₹75,000 crore
(C) ₹1 lakh crore
(D) ₹1.5 lakh crore
✅ Answer: (C) ₹1 lakh crore - What is the objective of the new Income-Tax Bill?
(A) To increase tax rates for high-income earners
(B) To make the tax structure more complex
(C) To simplify the text, making it clear and direct for taxpayers and tax administration
(D) To impose special taxes on capital gains
✅ Answer: (C) To simplify the text, making it clear and direct for taxpayers and tax administration. - What is the new limit for tax deduction at source (TDS) on interest for senior citizens under the rationalization measures?
(A) ₹50,000
(B) ₹75,000
(C) ₹1 lakh
(D) ₹1.5 lakh
✅ Answer: (C) ₹1 lakh - What is the new annual limit for TDS on rent under the rationalization measures?
(A) ₹2 lakh
(B) ₹2.40 lakh
(C) ₹4 lakh
(D) ₹6 lakh
✅ Answer: (D) ₹6 lakh - What is the new threshold for tax collection at source (TCS) on remittances under the RBI’s Liberalized Remittance Scheme (LRS)?
(A) ₹5 lakh
(B) ₹7 lakh
(C) ₹10 lakh
(D) ₹15 lakh
✅ Answer: (C) ₹10 lakh - In which case will the higher TDS deduction apply according to the new provisions?
(A) In cases where the PAN is provided
(B) In cases where the PAN is not provided
(C) For senior citizens only
(D) For rent-related payments
✅ Answer: (B) In cases where the PAN is not provided - What is being decriminalized in the TDS/TCS rationalization measures?
(A) Delay in filing tax returns
(B) Delay in payment of TDS
(C) Delay in payment of TCS up to the due date of filing the statement
(D) TDS-related penalties
✅ Answer: (C) Delay in payment of TCS up to the due date of filing the statement - The period of registration for small charitable trusts and institutions has been increased from __________ under the new provisions.
(A) 5 years to 7 years
(B) 5 years to 10 years
(C) 3 years to 5 years
(D) 10 years to 15 years
✅ Answer: (B) 5 years to 10 years - The benefit of claiming the annual value of self-occupied properties as nil has been extended to how many self-occupied properties?
(A) One
(B) Two
(C) Three
(D) No limit
✅ Answer: (B) Two - What is the purpose of the new scheme introduced for determining the arm’s length price of international transactions?
(A) To apply for tax refunds
(B) To determine the price for block periods of three years
(C) To evaluate domestic tax obligations
(D) To streamline GST processes
✅ Answer: (B) To determine the price for block periods of three years - What is the new exemption introduced for withdrawals from the National Savings Scheme (NSS)?
(A) Exemptions for withdrawals before 29th August 2024
(B) Exemptions for withdrawals on or after 29th August 2024
(C) Exemptions for senior citizens
(D) No exemptions
✅ Answer: (B) Exemptions for withdrawals on or after 29th August 2024 - Which sector is being promoted through the extension of the benefits of the existing tonnage tax scheme for inland vessels?
(A) Aviation
(B) Inland water transport
(C) Electronics manufacturing
(D) Real estate
✅ Answer: (B) Inland water transport - What is being extended to Sovereign Wealth Funds and Pension Funds to promote funding for the infrastructure sector?
(A) A new tax regime
(B) A tax break on dividends
(C) Extension of the investment date until March 31, 2030
(D) Reduction in tax on long-term gains
✅ Answer: (C) Extension of the investment date until March 31, 2030 - What is the primary change proposed in the rationalisation of the Customs Tariff Structure for Industrial Goods?
(A) Introduction of new tariff rates
(B) Removal of seven tariff rates
(C) Introduction of new excise duties
(D) Reduction in Social Welfare Surcharge
✅ Answer: (B) Removal of seven tariff rates - What is the purpose of the changes in the Customs Tariff Structure for Industrial Goods?
(A) To increase taxes on imports
(B) To apply more cess
(C) To simplify the tariff structure and reduce duty incidence
(D) To introduce new products
✅ Answer: (C) To simplify the tariff structure and reduce duty incidence - How much revenue in indirect taxes is expected to be forgone?
(A) ₹1,000 crore
(B) ₹2,600 crore
(C) ₹5,000 crore
(D) ₹10,000 crore
✅ Answer: (B) ₹2,600 crore - How many lifesaving drugs and medicines are fully exempted from Basic Customs Duty (BCD)?
(A) 36
(B) 40
(C) 50
(D) 25
✅ Answer: (A) 36 - How many lifesaving medicines will attract a concessional customs duty of 5%?
(A) 4
(B) 6
(C) 10
(D) 12
✅ Answer: (B) 6 - Which critical minerals are fully exempted from Basic Customs Duty (BCD)?
(A) Copper and Gold
(B) Cobalt powder and Lithium-ion battery waste
(C) Iron and Aluminum
(D) Coal and Natural Gas
✅ Answer: (B) Cobalt powder and Lithium-ion battery waste - The Basic Customs Duty (BCD) on which of the following electronic goods has been increased from 10% to 20%?
(A) Lithium Ion Batteries
(B) Interactive Flat Panel Display (IFPD)
(C) Mobile phone parts
(D) Telecommunication cables
✅ Answer: (B) Interactive Flat Panel Display (IFPD) - How many additional capital goods for EV battery manufacturing have been exempted from BCD?
(A) 25
(B) 28
(C) 35
(D) 40
✅ Answer: (C) 35 - For how long has the exemption of BCD on raw materials, components, consumables, or parts for the manufacture of ships been extended?
(A) 5 years
(B) 10 years
(C) 15 years
(D) 20 years
✅ Answer: (B) 10 years - What is the BCD rate reduction on Carrier Grade ethernet switches?
(A) From 25% to 10%
(B) From 20% to 10%
(C) From 10% to 5%
(D) From 15% to 10%
✅ Answer: (B) From 20% to 10% - The export time period for handicraft goods has been extended from six months to __________.
(A) One year
(B) Two years
(C) 18 months
(D) Three years
✅ Answer: (A) One year - What is the new BCD on Wet Blue leather?
(A) 10%
(B) 15%
(C) Fully exempted
(D) 5%
✅ Answer: (C) Fully exempted - What is the BCD reduction on Frozen Fish Paste (Surimi) for manufacturing and export of its analogue products?
(A) 10% to 5%
(B) 30% to 5%
(C) 20% to 10%
(D) 15% to 5%
✅ Answer: (B) 30% to 5% - Domestic MROs for Railway Goods will now benefit similar to MROs in which other sectors?
(A) Automotive
(B) Aircraft and Ships
(C) Electronics
(D) Marine
✅ Answer: (B) Aircraft and Ships