WBCS.LIVE practice question

Under which Article is the "Annual Financial Statement" (Budget) presented in the Parliament?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Article 110
  2. Article 112
  3. Article 114
  4. Article 266

Correct answer and explanation

Correct answer: Article 112

Explanation: ✅ Correct Answer: B) Article 112 📚 Explanation: The Constitution of India does not use the word 'Budget' but refers to it as the 'Annual Financial Statement' under Article 112. It is a statement of the estimated receipts and expenditure of the Government of India for a specific financial year. The President causes it to be laid before both the Houses of Parliament annually.