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In which year was the first Union Budget of independent India presented?
  • a)
    1945
  • b)
    1947
  • c)
    1950
  • d)
    1952
Correct answer is option 'C'. Can you explain this answer?
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In which year was the first Union Budget of independent India presente...
First Union Budget of Independent India


  • Year: 1950

  • Explanation: The first Union Budget of independent India was presented in the year 1950.

  • Significance: This budget marked a significant moment in India's history as it laid the foundation for the country's economic policies and financial planning post-independence.

  • Key Points:

    • It outlined the government's revenue and expenditure for the upcoming fiscal year.

    • It introduced various policies to promote economic growth and development in the newly independent nation.

    • It set the tone for future budgetary decisions that would shape India's economy in the years to come.




Conclusion


  • Therefore, the first Union Budget of independent India was presented in the year 1950, setting the stage for the country's economic trajectory post-independence.

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In which year was the first Union Budget of independent India presented?a)1945b)1947c)1950d)1952Correct answer is option 'C'. Can you explain this answer?
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