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With reference to the Annual Budget, consider the following statement:
The term Union Budget is mentioned under the Article 112 of the Constitution of India.
The Budget for the Railways and Union Budget are presented separately.
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
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Annual Budget, consider the following statement...
Explanation:
Statement 1: The term Union Budget is mentioned under the Article 112 of the Constitution of India.
- This statement is true. The Union Budget is indeed mentioned under Article 112 of the Constitution of India, which states that the President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, which is known as the Union Budget.
Statement 2: The Budget for the Railways and Union Budget are presented separately.
- This statement is true. The Budget for the Railways is presented separately from the Union Budget. The practice of presenting a separate Railway Budget was discontinued in 2017, and since then, the Railway Budget has been merged with the Union Budget.
Therefore, neither 1 nor 2 is the correct answer as both statements are true.
Statement 1: The term Union Budget is mentioned under the Article 112 of the Constitution of India.
- This statement is true. The Union Budget is indeed mentioned under Article 112 of the Constitution of India, which states that the President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, which is known as the Union Budget.
Statement 2: The Budget for the Railways and Union Budget are presented separately.
- This statement is true. The Budget for the Railways is presented separately from the Union Budget. The practice of presenting a separate Railway Budget was discontinued in 2017, and since then, the Railway Budget has been merged with the Union Budget.
Therefore, neither 1 nor 2 is the correct answer as both statements are true.
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Community Answer
With reference to the Annual Budget, consider the following statement...
- Statement 1 is not correct: According to Article 112 of the Indian Constitution, the annual financial statement of a year is a statement of the estimated receipts and expenditure of the government for that particular year. The term ‘Union Budget’ is nowhere mentioned in the Indian Constitution.
- Statement 2 is not correct: Till 2017, the Budget for the Railways and Union Budget were presented separately. After being presented separately for 92 years, the Railway budget was merged in the Union Budget in 2017 and presented together.
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With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Annual Budget, consider the following statement: The term Union Budget is mentioned under the Article 112 of the Constitution of India. The Budget for the Railways and Union Budget are presented separately. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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