Multiple Choice Questions on The Annual Financial Statement is caused to be laid before both Houses of Parliament by the ........ for General Studies (Level 1) Preparation

Union - Executive, Legisture

Indian Polity (Easy)

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Indian Economy - Understanding the basics of Indian economic system

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    The Annual Financial Statement is caused to be laid before both Houses of Parliament by the:

    President

    Correct Answer

    Speaker

    Incorrect Answer

    Vice-President

    Incorrect Answer

    FinanceMinister

    Incorrect Answer
    Explanation:

    President

    The Annual Financial Statement is caused to be laid before both Houses of Parliament by the President. Article 112 of the Indian Constitution says that every year “the President of India shall cause to be laid before both the houses of the parliament” the “Annual Financial Statement”. This is popularly known as Budget.


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