Multiple choice

In the Indian Constitution, Budget is known as

  1. annual statement of income and expenditure

  2. annual receipts and disinvestment statement

  3. annual financial statement

  4. annual economic statement
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C Correct answer
Explanation

In the Indian Constitution, the Budget is formally referred to as the Annual Financial Statement under Article 112. This terminology is used consistently in constitutional and parliamentary documents. The Budget is presented by the Finance Minister and outlines the government's estimated receipts and expenditures for a financial year (April 1 to March 31).

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