Question : According to Article 112 of the Constitution of India, the Union Budget for a year is called __________.

Option 1: Fiscal Budget

Option 2: Assessment Statement

Option 3: Annual Financial Statement

Option 4: Annual Budget Statement


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Answer (1)
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Correct Answer: Annual Financial Statement


Solution : The correct option is the Annual Financial Statement .

According to Article 112 of the Constitution of India, the Union Budget for a year is called the " Annual Financial Statement ." It is a comprehensive statement presenting the estimated receipts and expenditures of the Government of India for the fiscal year, providing the financial roadmap for the nation.

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