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Who among the following was the first Finance Minister of Independent India?
- a)Abul Kalam Azad
- b)R. K. Shanmukham Chetty
- c)Rajendra Prasad
- d)B. R. Ambedkar
Correct answer is option 'B'. Can you explain this answer?
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Who among the following was the first Finance Minister of Independent ...
- The first Budget of Independent India was presented on November 26, 1947, by the then Finance Minister RK Sanmukham Chetty under the government of India's first Prime Minister Jawahar Lal Nehru.
- Mr. Chetty's first words at the Budget presentation were, "I rise to present the first Budget of a free and independent India. This occasion may well be considered a historic one and I count it a rare privilege that it has fallen to me to be the Finance Minister to present this Budget."
- The Budget statement presented by Mr. Chetty covered a period of seven and half months from August 15, 1947, to March 31, 1948, according to the Department of Economic Affairs website.
- The first Budget of independent India had targeted budget revenue of ₹ 171.15 crores.
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Who among the following was the first Finance Minister of Independent India?a)Abul Kalam Azadb)R. K. Shanmukham Chettyc)Rajendra Prasadd)B. R. AmbedkarCorrect answer is option 'B'. Can you explain this answer?
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