Multiple choice

When the annual Union Budget is not passed by the Lok Sabha.

  1. the Budget is modified and presented again.

  2. the Budget is referred to the Rajya Sabha for suggestions.

  3. the Union Finance Minister is asked to resign.

  4. the Prime Minister submits the resignation of Council of Ministers.
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D Correct answer
Explanation

The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament. The Prime Minister and the Council of Ministers are jointly accountable to the Lok Sabha. If a policy statement like Annual Budget fails, it is tantamount to loss of confidence of the Parliament for the government.

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