Union Budget, which is presented every year in the parliament, is also known as

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	General Budget
B	Common Budget
C	Annual Budget
D	Finance Report of the Year

Explanation:

Detailed explanation-1: -The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India.

Detailed explanation-2: -The ‘Annual Financial Statement’ laid before both the Houses of Parliament constitutes the Budget of the Union Government. This statement takes into account a period of one Financial Year. The Financial Year commences in India on 1st April each year.

Detailed explanation-3: -In simple words, the Union Budget, also known as the Annual Financial Statement according to Article 112 of the Constitution of India, is an estimate of income and expenditure for a definite duration.

Detailed explanation-4: -Every year the Budget is presented by the government of India. This year also by the Minister of Finance the budget 2023 will be released. The union budget 2023 will be presented by our finance minister Nirmala Sitaraman.

Detailed explanation-5: -The Union Budget, also known as the Yearly Financial Statement in Article 112 of India’s Constitution, is the country’s annual budget and its annual financial statement.

There is 1 question to complete.