Suppose the Ministry of Finance planned a budget in 2010, when does the government implement the budget?
A
In 2010
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B
In 2012
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C
In 2015
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D
In 2011
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Solution
The correct option is D In 2011 Once the Ministry of Finance finalises the annual budget, it is presented in Lok Sabha, where it is discussed and debated. After the approval of the budget, it is implemented in the next financial year.