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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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