2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jammu Kashmir
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Madhya Pradesh
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Ladakh
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New Delhi
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Detailed explanation-1: -Among the various sectors, defence has the highest allocation. The 2021-22 Union Budget allocated over 13% of its total budget to defence. In the 2021-22 Budget, the government set aside Rs 4, 78, 196 crore for defence expenditure.
Detailed explanation-2: -Of these, the Ministry of Defence has the highest allocation in 2022-23, at Rs 5, 25, 166 crore. It accounts for 13.3% of the total budgeted expenditure of the central government.
Detailed explanation-3: -Hint: The Budget or financial statement is presented annually in the Lok Sabha. Article 112 of the Indian constitution envisages laying down the annual financial statement in the parliament. On that day a ‘Budget Speech’ was read out in the Lok Sabha.
Detailed explanation-4: -Former Prime Minister Morarji Desai holds the record of presenting highest number of budgets in history. During his tenure as Finance Minister in 1962-69, he presented 10 budgets, followed by P Chidambaram, who presented 9 budgets, Pranab Mukherjee 8, Yashwant Sinha 8 and Manmohan Singh 6 respectively.