Question Bank - Banking & Financial Services

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The Union Budget for 2012- 3 was presented to the Parliament on

A.
14-03-2012
B.
15-03-2012
C.
16-03-2012
D.
17-03-2012

Solution:

The correct answer is 16-3-2012. Indian Government Budget 2012-13Budget is a statement of the estimated receipts and expenditures of the Government in a financial year which begins on 1 April of the Current Year and ends on 31 March of the following year. The Union Budget for 2012-13 had been announced by Mr. Pranab Mukherjee, then Finance Minister of India on 16 March 2012. GDP growth to be 7. 6% during 2012-13. Fiscal Deficit targeted at 5. 1% of GDP in 2012-13. Total expenditure budgeted at Rs. 14,90,925 crores in 2012-13. Gross Tax receipts estimated at Rs. 10,77,612 crores in 2012-13. Additional InformationAccording to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement. The Finance Minister, Mrs. Nirmala Sitharaman introduced Budget 2021-22 on 1 February 2021.

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