Discussion
Which Article of the Indian Constitution requires a statement of estimated receipts and expenditure to be laid in the Parliament every year?
Answer: A
Article 112 of the Constitution requires the President to lay before Parliament every year a statement of the estimated receipts and expenditure of the Government of India for the year, called the annual financial statement. Article 113 deals with the procedure in Parliament, Article 114 with appropriation bills and Article 115 with supplementary grants. The answer is 112, option A. The statement is presented every year, usually on the first of February, before the Finance Bill and the Appropriation Bill.
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