Question : The Government Budget is a statement of estimates of the government receipts and government expenditure for the coming financial year. The financial year for India is the period from ____ to _____.
Option 1: January 1 to December 31
Option 2: February 1 to January 31
Option 3: October 1 to August 31
Option 4: April 1 to March 31
Correct Answer: April 1 to March 31
Solution : The correct option is April 1 to March 31 .
The financial year for India is the period from April 1st to March 31st of the following year. During this time frame, the government's budget is prepared and presented, outlining the estimates of government receipts and expenditures for the upcoming financial year.
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