Find some Interesting facts on budget and enrich your knowledge about Indian Economy. In fact, the budget forms the cornerstone of Indian economic development. We are providing you the sample of 3 questions below. If further interested take a simple test of your knowledge. The test which contains 10 questions with answers and its explanations will help you a lot while preparing for competitive exams such as IAS/PCS, Banking and SSC. It will also help those who are curious about budget.
Q.1) Union Budget of India is presented by whom and in which house/ houses of the Parliament?
a) Finance Minister of India; Lok Sabha
b) Prime Minister of India; Rajya Sabha
c) Cabinet Secretary; Both Lok Sabha and Rajya Sabha
d) President of India; in joint session of Parliamnet
Ans) a: Finance Minister of India; Lok Sabha
Q.2) Who among the following presented Union Budget maximum number of times?
a) P. Chidambaram
b) R K Shanmukham Chetty
c) Pranav Mukherjee
d) Morarji Desai
Ans) d: Morarji Desai; 10 times
Q.3) Who among the following presented the first budget (interim) of Independent India?
a) Manmohan Singh
b) Jawaharlal Nehru
c) R K Shanmukham Chetty
d) N.D. Tiwari
Ans) c: R K Shanmukham Chetty; 26th November, 1947