Indian Polity · Polity
Consider the following statements regarding the structural components and historical origins of the Indian budget: A. In the presentation of the Union Budget, 'Part A' of the Budget Speech outlines the government's economic priorities and fiscal stance, while 'Part B' contains the specific taxation proposals and changes in direct and indirect taxes. B. The first-ever budget of India was presented in the colonial era on 7 April 1860 by James Wilson, who served as the Finance Member of the Viceroy's Council. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither A nor B
- 2B only
- 3A only
- 4Both A and B✓
Correct answer
Both A and B
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