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Q: The period of financial year in India
1. January 1st to December 31st
2. March 1st to February 1st
3. April 1st to March 31st
4. July 1st to June 30th
Q: Which of the following statements is not true?
1. Money bills cannot be introduced in Rajya Sabha
2. RS has no power to vote on demand for grants
3. The RS must return the money bill within 14 days
4. The President can send back the money bill for reconsideration
Q: Who of the following prepares the Budget?
1. Planning Commission
2. Finance Commission
3. Prime Minister
4. Finance Minister
Q: Which of the following statements is true?
1. Parliament can reduce a tax
2. Parliament can abolish a tax
3. Parliament cannot increase a tax
4. All the above
Q: In which of the following houses of the Parliament the budget is presented first?
1. Lok Sabha
2. Rajya Sabha
3. In any house
4. None
Q: Advance in respect to the estimated expenditure for a part of the financial year pending the completion of the voting on demand for grants and the enactment of the appropriation bill. This statement refers to
1. Vote of credit
2. Vote on account
3. Excess grant
4. Exceptional grant
Q: In which of the following Articles of the Indian Constitution the word ‘Budget’ is mentioned?
1. 110
2. 112
3. 117
4. Not mentioned in the Constitution
Q: Which of the following is considered as a ‘Blank Cheque’?
1. Vote on account
2. Vote of Credit
3. Guillotine
4. Consolidated fund of India
Q: The Budget is presented in the Lok Sabha only on the prior recommendation of
1. The President
2. The Prime Minister
3. The Finance Minister
4. The Cabinet
Q: Which of the following statements is true?
1. The policy cut motion is introduce in RS during voting on demand for grants
2. 28 days are allotted for voting on demand for grants
3. Cut motions are introduced in LS during General discussion
4. Cut motions are introduced in LS during voting on demand for grants
Q: How many types of Budgets are presented in the Parliament?
1. 1
2. 2
3. 3
4. 4
Q: If the amount is reduced by a specified amount, it is
1. Policy cut
2. Economy cut
3. Token cut
4. None
Q: Which of the following budgets is introduced first in the Lok Sabha?
1. General Budget
2. Railway Budget
3. Both are presented together
4. None
Q: In which of the following cut motions the amount is reduced by Rs. 100/-?
1. Policy cut
2. Economy cut
3. Token cut
4. None
Q: How many demands are present in the General Budget?
1. 32
2. 52
3. 109
4. 141
Q: Which of the following statements are true?
1. The budget can be introduced in any house of the Parliament with the prior permission of the President
2. Speaker decides whether a bill is money bill or not
3. Both the LS and RS have equal rights in passing the budget
4. The LS must pass the budget within 14 days.
Q: How many demands are present in the Railway Budget?
1. 32
2. 52
3. 109
4. 141
Q: Which of the following expenditures is voted in the Parliament?
1. Charged expenditure
2. Expenditure made
3. Both
4. None
Q: How many days are allotted for the Voting on demands for grants?
1. 14 days
2. 21 days
3. 26 days
4. 30 days
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