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The "Budget" is provided for in the Indian Constitution as

Question and options

The "Budget" is provided for in the Indian Constitution as
  1. statement of receipts and expenditure caused to be laid by the Prime Minister/Chief Minister.
  2. annual Financial Statement caused to be laid by the Prime Minister/Chief Minister.
  3. annual Financial Statement caused to be laid by the President/Governor.
  4. annual Financial Statement caused to be laid by the appropriate Finance Minister.

Answer and explanation

Correct answer: C - annual Financial Statement caused to be laid by the President/Governor.
Article 112 (and Article 202 for the States) calls the budget the 'annual financial statement', which the President or the Governor causes to be laid before the legislature in respect of every financial year. The Finance Minister presents it in practice, but the Constitution places the duty on the President or Governor, not on a minister.

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