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    Question

    Which of the following statements is/are not correct in

    regards to budget? Budget came from a Spanish word “baguette” which means a small bag James Wilson from the East India Company India's first formal budget was presented under the British Empire in 1860. The railway finances were separated from the general government finances in 1924 for the 1st time in British India
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 & 2 Correct Answer Incorrect Answer
    E 1 & 3 Correct Answer Incorrect Answer

    Solution

    Budget came from a French word “baguette” which means a small bag. James Wilson from the East India Company India's first formal budget was presented under the British Empire in 1860. The railway finances were separated from the general government finances in 1924 for the 1st time in British India.

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