Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> With reference to the Budget, consider the following statements
1. It is only introduced in the Lok Sabha.
2. There is no constitutional provision related to the budget.
Which of the statements given above is/are correct?

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

The correct option is A 1 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The term Budget is not mentioned in the Constitution, but it is referred to, under Article 112, as Annual Financial Statement.