Question : In which year was the Estimates Committee constituted for the first time in India?
Option 1: 1948
Option 2: 1950
Option 3: 1947
Option 4: 1949
Correct Answer: 1950
Solution : The correct answer is 1950.
On the recommendation of the then-finance minister, John Matthai, the first Estimates Committee was formed in the post-independence era in 1950. It began with 25 members, but in 1956, the number was increased to 30. The committee's role was to review the budget forecasts and advise 'economies' in government spending.
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