GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Union Budget is always presented first in ____
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Lok Sabha
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Rajya Sabha
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Supreme Court
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Vidhan Sabha
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Explanation:
Detailed explanation-1: -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-2: -The General Budget is presented in Lok Sabha by the Minister of Finance, who makes a speech introducing the Budget and it is only in the concluding part of the speech that the proposals for fresh taxation or for variations in the existing taxes are disclosed.
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