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Question

In India, the financial year starts from 1 of a respective year to 31 March of the next year.

A
February
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B
March
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C
April
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D
May
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Solution

The correct option is C April
The Government of India prepares its budget for a one financial year, that is from 1 April to 31 March of the next year. In India, the responsibility of managing the budget is vested with the Finance Ministry of the Government of India. The Finance Minister presents the budget in the Lok Sabha on the first day of February.

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