Class 12 Exam > Class 12 Questions > Central Budget is presented in India on _____...
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Central Budget is presented in India on ______every year by the Finance Minister.
- a)1st January
- b)1st February
- c)1st March
- d)1st April
Correct answer is option 'B'. Can you explain this answer?
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Central Budget is presented in India on ______every year by the Financ...
Introduction:
The Central Budget is an annual financial statement presented by the Finance Minister of India in the Parliament. It outlines the government's revenue and expenditure plans for the upcoming fiscal year.
Answer:
The correct answer is option 'B', i.e., 1st February. The Central Budget is presented in India on the last working day of February every year, except in the year of an election. In case of an election year, the budget is presented by the interim government before the elections.
Historical Background:
The first Central Budget of India was presented on 7th April 1860 by James Wilson, the then Finance Member of the India Council. This budget laid the foundation for the modern budget system in India. Since then, the Central Budget has undergone numerous changes and improvements over the years.
Significance of Central Budget:
The Central Budget is a crucial document that holds significant importance for the Indian economy. It outlines the government's plans and policies for the upcoming fiscal year, which affects the lives of every individual in the country. The budget reflects the government's priorities, including its focus on infrastructure development, healthcare, education, defense, and other key areas.
Conclusion:
In conclusion, the Central Budget is presented in India on the last working day of February every year, except in the year of an election. The budget holds immense significance for the Indian economy and is an essential tool for the government to implement its policies and plans.
The Central Budget is an annual financial statement presented by the Finance Minister of India in the Parliament. It outlines the government's revenue and expenditure plans for the upcoming fiscal year.
Answer:
The correct answer is option 'B', i.e., 1st February. The Central Budget is presented in India on the last working day of February every year, except in the year of an election. In case of an election year, the budget is presented by the interim government before the elections.
Historical Background:
The first Central Budget of India was presented on 7th April 1860 by James Wilson, the then Finance Member of the India Council. This budget laid the foundation for the modern budget system in India. Since then, the Central Budget has undergone numerous changes and improvements over the years.
Significance of Central Budget:
The Central Budget is a crucial document that holds significant importance for the Indian economy. It outlines the government's plans and policies for the upcoming fiscal year, which affects the lives of every individual in the country. The budget reflects the government's priorities, including its focus on infrastructure development, healthcare, education, defense, and other key areas.
Conclusion:
In conclusion, the Central Budget is presented in India on the last working day of February every year, except in the year of an election. The budget holds immense significance for the Indian economy and is an essential tool for the government to implement its policies and plans.
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Central Budget is presented in India on ______every year by the Financ...
Budget is presented every year on first working day of February.
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Central Budget is presented in India on ______every year by the Finance Minister.a)1st Januaryb)1st Februaryc)1st Marchd)1st AprilCorrect answer is option 'B'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Central Budget is presented in India on ______every year by the Finance Minister.a)1st Januaryb)1st Februaryc)1st Marchd)1st AprilCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Central Budget is presented in India on ______every year by the Finance Minister.a)1st Januaryb)1st Februaryc)1st Marchd)1st AprilCorrect answer is option 'B'. Can you explain this answer?.
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