Indian Polity · Polity
Given below are two statements: Statement I: The union budget in India is prepared based on gross estimates rather than net estimates. Statement II: Preparing the budget based on gross estimates makes Parliamentary control over public expenditure more effective. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct✓
- 2Both Statement I and Statement II are incorrect
- 3Statement I is correct but Statement II is incorrect
- 4Statement I is incorrect but Statement II is correct
Correct answer
Both Statement I and Statement II are correct
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