GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finance of Ministry
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Planning Commission
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Comptroller and Auditor General
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Finance Commission
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Detailed explanation-1: -The Indian Union Budget is prepared by the Ministry of Finance in consultation with Niti Aayog and other concerned ministries. Also, the Budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the Budget.
Detailed explanation-2: -Expert-Verified Answer. Except Comptroller and Auditor General and Finance Commission all others are involved in preparation of budget. Comptroller and Auditor General is mentioned in our Constitution under article 148.
Detailed explanation-3: -The correct answer is Department of Economic Affairs. Union Budget: Article 112 to the Indian Constitution defines the term ‘Financial Statement’ also referred to as the Union Budget.