New 55% Off on All Courses - Enroll Now! Click Here

    Question

    The Annual Financial Statement, which is presented as a

    part of budget, is covered under which Article of the Constitution of India?
    A Article 115 Correct Answer Incorrect Answer
    B Article 114 Correct Answer Incorrect Answer
    C Article 112 Correct Answer Incorrect Answer
    D Article 113 Correct Answer Incorrect Answer

    Solution

    Under Article 112 of the Constitution, a statement of estimated receipts and expenditure of the Government of India has to be laid before Parliament in respect of every financial year which runs from 1st April to 31st March. This statement titled “Annual Financial Statement” is the main Budget document.

    Practice Next

    Relevant for Exams: