Budget

Q. Who presents the Union Budget in the Lok Sabha?

1. Prime Minister of India
2. President of India
3. Home Minister of India
4. Finance Minister of India

Q. Choose the correct answer.

Statement I: A budget is the financial statement showing the expected income and expenditure of the government during a financial year.

Statement II: In India, the financial year starts on 1 March and ends on 31 April.

1. Both of the statements are correct.
2. Both of the statements are incorrect.
3. Statement I is correct, but statement II is incorrect.
4. Statement I is incorrect, but statement II is correct.

Q. Which of the following is/are false about the Union Budget of India?

1. It is a financial statement.
2. It shows the expected income and expenditure of the government.
3. It is presented in the Rajya Sabha.
4. It is presented by the Prime Minister of India.

Q.

What is the government budget and its objectives?