The Union Budget 2026-27 proposed the launch of the Khelo India Mission with an allocation of how much for sports goods manufacturing promotion? MCQ with Answer and Explanation

The Union Budget 2026-27 proposed the launch of the Khelo India Mission with an allocation of how much for sports goods manufacturing promotion?
A. ₹400 crore
B. ₹200 crore
C. ₹500 crore
D. ₹300 crore
Answer: Option C
Solution (By JKSSB Mock Tests)
The Union Budget allocated Rs. 500 crore to the Promotion of Sports Goods Manufacturing.[reference:68]

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Practice More Current Affairs 2026 Section 1 Questions

Question #1
The 6th edition of the RISE Conclave 2026 was held in which city on June 13–14, 2026?
A. Hyderabad
B. New Delhi
C. Bengaluru
D. Chennai

Correct Answer: Option C


Explanation:
The 6th edition of the RISE Conclave 2026 was held in Bengaluru on June 13-14, 2026.[reference:57]

Question #2
Which of the following statements about TDS (Tax Deducted at Source) is correct?
A. TDS ensures advance tax collection and reduces tax evasion
B. TDS is collected only by the central government
C. TDS is not applicable to interest income
D. TDS applies only to salaried individuals

Correct Answer: Option A


Explanation:
TDS ensures advance tax collection and reduces tax evasion. It applies to multiple income sources (salary, interest, rent, etc.), not just salaries.

Question #3
PM Modi stated that in the last financial year (2025-26), India's GDP growth was:
A. 7.0%
B. 6.5%
C. 7.7%
D. 8.0%

Correct Answer: Option C


Explanation:
PM Modi said India is the world's fastest-growing major economy, and in the last financial year, India's GDP growth was 7.7 per cent.[reference:45]