Discussion
Under which one of the following Articles of the Constitution of India, is the ' Annual Financial Statement ' of the economy to be laid by the Government, on the table of the Parliament before 31st March, every year
Answer: C
The Annual Financial Statement is laid before Parliament under Article 112.
It is what the budget is formally called: a statement of the estimated receipts and expenditure of the government for the coming financial year. It must be presented before 31 March, since no money can be drawn from the Consolidated Fund after that without a fresh appropriation.
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