The 'Union Budget' is presented in Parliament by the: MCQ with Answer and Explanation

Question

Share Report Error

The 'Union Budget' is presented in Parliament by the:

A. Prime Minister

B. President

C. Finance Secretary

D. Finance Minister

Answer: Option D

Solution (By JKSSB Mock Tests)

The Union Budget is presented by the Finance Minister.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on services by diplomatic missions is:

A. 18%

B. 5%

C. exempt

D. 0%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Services by diplomatic missions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'good and services tax' regime in India is a 'one nation one tax' system.

A. Only for services

B. False

C. Only for goods

D. True

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
GST is a unified indirect tax system for goods and services across India.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Vote on Account' is used to:

A. reduce fiscal deficit

B. impose new taxes

C. obtain Parliament's approval for expenditure for part of the financial year

D. present the full budget for the year

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Vote on Account authorizes government expenditure for a limited period, usually before elections.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs