B.A./B.COM. LL.B. (5 YEAR LAW / U.G. LAW) Panjab University Entrance Exam 2016 : MCQs and Answer Key

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7.

Union Budget Is Presented :

A: Before Lok Sabha

B: Before Rajya Sabha

C: Before President Of India

D: In The Joint Meeting Of Both Houses Of Parliament

The answer is: A

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Explanation

The Union Budget is presented before Lok Sabha.

It is presented by the Union Finance Minister on the first day of February so that it could be materialized before the beginning of the new financial year in April .

The budget has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India’s financial year .