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The first Economic Survey of India was presented in the year ________.
- a)1950-51
- b)1947-48
- c)1948-49
- d)1949-50
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The first Economic Survey of India was presented in the year ________....
The correct answer is 1950-51.
Key Points
- Economic Survey is a report of the government on the state of the economy of the country during the last one year.
- It is prepared by the Department of Economic Affairs, under the Ministry of Finance.
- Chief Economic Advisor releases the Economic Survey.
- At first, it was released along with the Union Budget but later it was separated from the budget in 1964 to give a better understanding of the budget proposals.
- It is released one day before the Union Budget.
- Now it is presented in 2 volumes.
- It has no constitutional backing. Its findings and suggestions are not binding on the government.
- First Chief Economic Advisor to the government was Mr. J.J. Anjaria.
- The current Chief Economic Advisor is Dr. V. Anantha Nageswaran.
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The first Economic Survey of India was presented in the year ________. a)1950-51b)1947-48c)1948-49d)1949-50Correct answer is option 'A'. Can you explain this answer?
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