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Q54 (CDS-II/2019) Polity & Governance › Parliament › Budgetary process Parliament Answer Verified

tinder which one of the follow- ing Articles of the Constitution of India, a statement of esti- mated receipts and expenditure of the Government of India has to be laid before the Parliament in respect of every financial year ?

Result
Your answer: —  Â·  Correct: C
Explanation

According to Article 112 of the Constitution of India, the President is required to cause to be laid before both Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for every financial year [3]. This document is constitutionally referred to as the 'Annual Financial Statement', though it is popularly known as the 'Budget' [2]. The statement details the government's financial position, including estimates of revenue and capital receipts, and categorizes expenditure into those 'charged' upon the Consolidated Fund of India and those 'made' from it [1]. While Article 110 defines Money Bills and Article 111 deals with Presidential assent to bills, Article 112 specifically mandates the presentation of this annual fiscal roadmap. The financial year in India for this purpose runs from 1st April to 31st March [5].

Sources

  1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > BUDGET IN PARLIAMENT > p. 250
  2. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 4: Government Budgeting > 4.1 Introduction > p. 146
  3. [2] Introduction to the Constitution of India, D. D. Basu (26th ed.). > Chapter 12: The Union Legislature > p. 257
  4. [4] Macroeconomics (NCERT class XII 2025 ed.) > Chapter 5: Government Budget and the Economy > 5.1 GOVERNMENT BUDGET — MEANING AND ITS COMPONENTS > p. 66
  5. [5] https://www.indiabudget.gov.in/budget_archive/ub2002-03/keybud/keybud2002.pdf
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