Question

The Annual Financial Statement is caused to be laid before both House of Parliament by the ________________.
(A) President
(B) Speaker
(C) Vice-President
(D) Finance Minister

Answer 1

Hint: Indian Parliament is the ideal legislative body of India. The Indian Parliament contains the President and the two houses - Rajya Sabha (Council of States) and Lok Sabha (residence of the people). The President has the electricity to summon and prorogue both residence of Parliament or to dissolve Lok Sabha. The charter of India came under pressure on January 26, 1950. The first general elections under the charter were held for the duration of the year 1951-1952 and the first elected Parliament sat in April 1952.

Complete answer:
The budget session is held from February to May annually.
It is taken into consideration to be a notably critical consultation of the Parliament. The budget is generally presented on the final running day of February.
Right here, the participants discuss the numerous provisions of the finances and subjects regarding taxation, after the Finance Minister provides an annual financial statement for the year. The budget session is commonly broken up into two parts with an intermittent break of a month between them.
This session every year begins with the President addressing both the houses of the parliament. The cabinet consists of many senior ministers who hold important portfolios along with defence, home affairs, finance, and so on.

Thus, option (D) is correct.

Note: The cabinet includes the most skilled ministers. As a result, the Prime Minister seeks its recommendation on essential subjects. The selections of the cabinet minister are binding to all ministers. It enforces the collective obligation of the council to its participants. The cabinet meets as frequently as possible to formulate regulations and to decide on positive topics of national importance.