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SSC GD 2021 PYQ — Question 37

SSC GD Constable (English) - 18th November 2021 Shift 3 • General Awareness • Q37

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The Budget Division that prepares the Union Budget of India is a part of the Department of
______ under the Ministry of Finance.

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Correct answer: B

Explanation

The correct answer is option 2 i.e. Economic Affairs.

  • Budget is the annual financial statement of a government which lays out fiscal roadmap for the country for the next one year.
  • The Union Budget, also known as the yearly Financial Statement under Article 112 of the Indian Constitution, is the Republic of India's annual budget, which is presented to Parliament by the Finance Minister of India before the start of each fiscal year.
  •  Before it can take effect on April 1, the budget must be approved by the House.