The Union Budget appears in the Constitution under which name and Article?

The Annual Financial Statement, Article 112Correct answerYour answerThe Union Budget, Article 110Correct answerYour answerThe Appropriation Statement, Article 114Correct answerYour answerThe Finance Statement, Article 265Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Article 112 requires an annual financial statement of the government's estimated receipts and expenditure to be laid before Parliament.
The word 'budget' does not appear in the Constitution at all.
Article 110 is the definition of a Money Bill, which is a related but separate provision.

Worth noting

Article 265 is the rule that no tax may be levied or collected except by authority of law.

Concept: The Constitutional name for the Budget
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsThe Union Budget and the Economic Survey

Practise this chapter →

Ten questions from Indian Economy & Institutions, at your own pace.

The Union Budget appears in the Constitution under which name and Article?

Explanation