Question

The annual budget of the Union Government is presented in Parliament by _____.

A. Prime Minister
B. Finance Minister
C. Home Minister
D. None of these

Answer 1

Hint:
This Minister is a leader or bureau position accountable for at least one of government funds, monetary strategy and budgetary guideline.
It is a significant service inside the Government of India worried about the economy of India, filling in as the Indian Treasury Department.


Complete step by step solution:

The Union Budget is the assertion of government's accounts for the monetary year, where the public authority makes assessments of income and costs for the forthcoming financial year that runs from April 1 to March 31. This is an activity done by the focal government consistently. The activity is like the month to month spending that we make for our family use and income.

The Union Budget is introduced by the Union Finance Minister.

The date of spending introduction has differed since the commencement of Independent India. Since 2017, the Union Budget has been introduced on the first of February consistently. Prior to that, it used to be introduced on the most recent day of February.


Hence, the correct answer is option B.

Note:
The principal Union Budget of Independent India was introduced by RK Shanmukham Chetty on November 26, 1947. It was a survey of the economy and no new charges were proposed.

The last Union Budget was introduced by Nirmala Sitharaman.