2019 · Q4
Under which one of the following Articles of the Constitution of India, a statement of estimated receipts and expenditure of the Government of India has to be laid before the Parliament in respect of every financial year?
General KnowledgeIndian Polity and Governance
- AArticle 110
- BArticle 111
- CArticle 112
- DArticle 113
Explanation
Article 112 of the Constitution requires the President to cause to be laid before both Houses of Parliament, in respect of every financial year, a statement of the estimated receipts and expenditure of the Government of India — the ‘annual financial statement’, popularly called the Union Budget. Article 110 defines a Money Bill, Article 111 deals with the President's assent to Bills, and Article 113 lays down the procedure for estimates in Parliament. Hence the Budget provision sits in Article 112.