UPSC Prelims Practice Questions — Budget 2026–27 Proposes Three New Chemical Parks

Question 1

As per the Government of India, how many chemical units are currently functional across the operational PCPIRs, whose cumulative investment stands at about ₹3,49,192 crore?

Accepted Answer

2,246

Answer

1,246

Answer

3,246

Answer

4,246

Question 2

In the context of the three new Chemical Parks proposed in Budget 2026–27, the term 'challenge route' for selection most precisely means:

Accepted Answer

A competitive mechanism in which States submit proposals and are selected against defined criteria for the limited number of slots

Answer

Parks are allocated to States on a first-come-first-served basis in order of application

Answer

Parks are auctioned to the highest-bidding private industrial developers

Answer

One park is compulsorily earmarked for each geographical region of the country

Question 3

The Scheme for Promotion of Bulk Drug Parks, under which three parks were sanctioned with a grant-in-aid of ₹1,000 crore each, was approved by the Union Cabinet in which year?

Accepted Answer

2020

Answer

2007

Answer

2018

Answer

2023

Question 4

As conceptualised under the policy administered by the Department of Chemicals and Petrochemicals, a 'Petroleum, Chemicals and Petrochemical Investment Region (PCPIR)' is best defined as:

Accepted Answer

A specifically delineated, integrated investment region for petroleum, chemical and petrochemical units with common infrastructure and support services

Answer

A tax-free export zone reserved exclusively for the refining of crude petroleum

Answer

A Centrally-owned public sector enterprise set up to produce petrochemicals

Answer

A price-stabilisation fund for petroleum and petrochemical products

Question 5

How many Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) were approved by the Government of India under the PCPIR Policy, 2007?

Accepted Answer

4

Answer

3

Answer

5

Answer

6

Question 6

The three new Chemical Parks — envisaged to provide the common environmental infrastructure critical to cost-effective CCUS deployment — are to be set up under the nodal responsibility of which of the following?

Accepted Answer

Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers

Answer

Ministry of Petroleum and Natural Gas

Answer

Ministry of Environment, Forest and Climate Change

Answer

Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers

Question 7

With reference to India's position in the global chemical industry, which of the following statements is/are NOT correct?

Accepted Answer

4 only

Answer

1 only

Answer

3 and 4

Answer

1 and 2

UPSC Prelims Practice Questions — Budget 2026–27 Proposes Three New Chemical Parks

Q1. As per the Government of India, how many chemical units are currently functional across the operational PCPIRs, whose cumulative investment stands at about ₹3,49,192 crore?

Q2. In the context of the three new Chemical Parks proposed in Budget 2026–27, the term 'challenge route' for selection most precisely means:

Q3. The Scheme for Promotion of Bulk Drug Parks, under which three parks were sanctioned with a grant-in-aid of ₹1,000 crore each, was approved by the Union Cabinet in which year?

Q4. As conceptualised under the policy administered by the Department of Chemicals and Petrochemicals, a 'Petroleum, Chemicals and Petrochemical Investment Region (PCPIR)' is best defined as:

Q5. How many Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs) were approved by the Government of India under the PCPIR Policy, 2007?

Q6. The three new Chemical Parks — envisaged to provide the common environmental infrastructure critical to cost-effective CCUS deployment — are to be set up under the nodal responsibility of which of the following?

Q7. With reference to India's position in the global chemical industry, which of the following statements is/are NOT correct?