News18 has recently published an article titled 'Think You Know All About The Union Budget? Take This Quick Check,' serving as an informative quiz or explainer for its Indian audience. The article, authored by Varun Yadav, aims to enhance public understanding of the Indian Union Budget, especially pertinent given the upcoming Union Budget 2026-27, which Finance Minister Nirmala Sitharaman is expected to present on February 1, 2026. The Union Budget is India's annual financial statement, mandated by Article 112 of the Constitution, detailing the government's estimated receipts and expenditures for the fiscal year running from April 1 to March 31. It serves as a comprehensive roadmap outlining the government's economic priorities, policies, and plans. Key objectives of the Union Budget include ensuring efficient resource allocation, reducing unemployment and poverty, minimizing wealth and income disparities, and controlling economic fluctuations. It influences various aspects of citizens' lives, from tax rates to government schemes impacting daily finances. The budget is broadly classified into the Revenue Budget, which covers government's daily income and expenses (tax and non-tax revenues, and revenue expenditure), and the Capital Budget, which deals with capital receipts and payments related to asset creation or liability reduction. The presentation of the budget, traditionally on February 1st, allows for its implementation before the new financial year commences. This News18 article, by engaging readers with a 'quick check' format, helps demystify this critical financial document for the common citizen.