Indian Polity · Polity
Which of the following statements is NOT correct regarding the budget in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year.
- 2The financial year runs from 1 April to 31 March.
- 3Article 114 mentions the constitutional requirement of the presentation of the budget every financial year.✓
- 4The budget comprises the Revenue Budget and the Capital Budget.
Correct answer
Article 114 mentions the constitutional requirement of the presentation of the budget every financial year.
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