GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Morarji Desai
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Johan Mathai
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TT Krishnamachari
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RK Shanmukham Chetty
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Detailed explanation-1: -The nation’s first Union Budget was delivered by RK Shanmukham Chetty, the then finance minister. The budget covered the time from August 1947 to March 1948, or around seven-and-a-half months. The statement reported a total of Rs 171.15 crore in income and expenses of Rs 197.29 crore throughout the year.
Detailed explanation-2: -Detailed Solution. The correct answer is option 1 i.e, Department of Economic affairs.
Detailed explanation-3: -The Finance Ministry of India is an important ministry concerned with the economy of India. It is comprised of five departments one of which is the Department of Economic Affairs. It is the nodal agency of central government whose principal task is to prepare and present the Union Budget before the Parliament.