The 'Union Budget' is presented under which article of the Constitution? MCQ with Answer and Explanation

Question
The 'Union Budget' is presented under which article of the Constitution?
A. Article 265
B. Article 112
C. Article 280
D. Article 110
Answer: Option B
Solution (By JKSSB Mock Tests)
The Annual Financial Statement is presented under Article 112.
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 'Account Aggregator' framework in India deals with:
A. deposit insurance
B. merging bank accounts
C. sharing of financial data with user consent
D. tax collection
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Account Aggregator framework enables consent-based sharing of financial information.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'repo' in monetary policy means the RBI:
A. sells securities to banks and agrees to repurchase them later
B. purchases securities from banks with an agreement to sell them back later
C. gives unsecured loans to banks
D. borrows from foreign central banks
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
In a repo, the RBI purchases securities from banks with an agreement to resell them later, injecting liquidity.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a characteristic of money?
A. Durability
B. Perishability as a desirable feature
C. Portability
D. Divisibility
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Desirable characteristics of money include durability, portability, divisibility, uniformity and limited supply. Perishability is undesirable as money should retain value over time.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: