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Question

After independence in August 1947, the first budget was presented in the month of ______ by _______.

A
August, Shri Jawaharlal Nehru
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B
October, Shri Lal Bahadur Shashtri
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C
November, Shri Shanmukham Chetty
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D
December, Shri John Mathai
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Solution

The correct option is C November, Shri Shanmukham Chetty

The first budget of India after Independence was passed in the month of November. It was passed on 26th November 1947. An interim budget was passed before the first budget of Independent India. It was passed in the year 1946. It was passed by the member of Interim Govt. during the interim budget. However, India's first Finance Minister, Shri Shanmukham Chetty presented the first budget after Independence.

Thus, the correct answer is C.


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