BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Union Budget had first proposed the setting up of PDMA?
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Budget 2011-12
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Budget 2012-13
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Budget 2013-14
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Budget 2014-15
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Explanation:
Detailed explanation-1: -In his February 2015 Budget speech, Finance Minister Arun Jaitly had proposed to set up a PDMA to deepen Indian Bond market.
Detailed explanation-2: -The 2011 Union Budget of India was present by Pranab Mukherjee, the Finance Minister of India on 28 February 2011.
Detailed explanation-3: -The first Union Budget of India post-Independence was presented on November 26, 1947, just three months after India got independence from the British Empire. The nation’s first Union Budget was delivered by RK Shanmukham Chetty, the then finance minister.
Detailed explanation-4: -The 2012 Union budget of India was presented by the Finance Minister Pranab Mukherjee on March 16, 2012.
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