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Question
The Annual Financial Statement is caused to be laid before both Houses of Parliament by the _______________.
The Annual Financial Statement is caused to be laid before both Houses of Parliament by the _______________.
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Solution
The correct option is A President
The Annual Financial Statement is caused to be laid before both Houses of Parliament by the President. Article 112 of the Indian Constitution says that every year “the President of India shall cause to be laid before both the houses of the parliament” the “Annual Financial Statement”. This is popularly known as Budget. The Budget gives the complete picture of the estimated receipts and expenditures of the Government of India for that year. This picture is actually based upon the budget figures of the previous years.
The Annual Financial Statement is caused to be laid before both Houses of Parliament by the President. Article 112 of the Indian Constitution says that every year “the President of India shall cause to be laid before both the houses of the parliament” the “Annual Financial Statement”. This is popularly known as Budget. The Budget gives the complete picture of the estimated receipts and expenditures of the Government of India for that year. This picture is actually based upon the budget figures of the previous years.
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