Union Budget 2023-24

Question 1

What is Union Budget?(mention Article no. also?
Other name of Union Budget?

Answer 1

According to Article 112 of the Indian Constitution, the Union Budget of a year is a statement of the estimated receipts and expenditure of the government for that particular year.
Annual Financial Statement.

Question 2

Who prepares Budget?(mention consulting government institution also)

Answer 2

Department of Economic Affairs (Ministry of Finance) after consulting other ministries and NITI Aayog.

Question 3

Who introduced budget for the first time in India?
Date?

Answer 3

Scottish Economist and Politician Mr.James Wilson presented it to British Crown.
7th April, 1860

Question 4

Independent India’s first budget
1. presented by?
2. presented in?

Answer 4

1. R.K. Shanmukham Chetty
2. 26th November, 1947

Question 5

Hindi+English budget papers started in?

Answer 5

1955(until 1955 only in English)

Question 6

First women to hold MoFinance?
Budget presented in which year?

Answer 6

1. Indira Gandhi
2. 1970-71

Question 7

Longest speech in time, name the Minister and time taken and year.
Longest speech in words, name the minister and the words taken and year.
Shortest budget speech, name and year.

Answer 7

Nirmala Sitharaman, 2h 42m on 1stFebruary 2020.

Manmohan Singh, 18650 words, 1991.

Hirubhai Muljibhai Patel, 800 words in 1977.

Question 8

Most number of budgets presented
1. by?
2. number of budgets?
3. From— to—?

Answer 8

1. Morarji Desai?
2. 10
3. 1958-69

Question 9

Initial timing of budget presentation in the day?
Who changed it?
Changed to which time and in which year?

Answer 9

5PM on the last working day of February (as per British era practice)
MoF Shri Yashwant Sinha
11 AM in 1999

Question 10

When was the Railway Budget abolished?
What was the usual timing of the Railway budget presentation?
What happened to the Railway Budget after abolition?
Who presented the budget after abolition of Railway budget, date?
What name has given to the new budget?

Answer 10

1. 2017
2. A day before the General Budget
3. Merged with General Budget
4. Arun Jaitely , 1st Feb 2017.
5. Union Budget

Question 11

Who became the 2nd women to present the Union Budget?
Year?

Answer 11

Nirmala Sitharaman
2019

Question 12

When did the Budget turned to paperless for the first time in India?
Reason?

Answer 12

2021-22
Covid-19 Pandemic

Question 13

1. Who presented Union Budget for 2023-24?
2. Date?
3. How man budgets presented so far?
4. MP of which house and state?

Answer 13

1. Nirmala Sitharaman
2. 1st Feb 2023
3. 5
4. Rajya Sabha, Karnataka

Question 14

Ministry of finance for state
1. Number of minsters?
2. Names and respective seats in house?

Answer 14

1. 2
2. Pankaj Chaudhary, MP Loksabha from Maharajganj, Uttar Pradesh
   Bhagawat Kishanrao Karad, MP Rajya Sabha, Maharashtra

Question 15

2023-24 budget proposals are rest on how many priorities?
What is the single name given to those priorities?
What are they?

Answer 15

1. 7
2. SAPTARISHI
3. Green Growth
   Inclusive Development
   Financial Sector
   Youth Power
   Unleashing Potential
   Reaching the last mile
   Infrastructure and Investment

Question 16

A union budget contains how many document details? Iterate with 2023-24 Union Budget)
Which are they?

Answer 16

1. 4
2. Actuals (2021-22)
   Budget Estimates (2022-23)
   Revised Estimates (2022-23)
   Budget Estimates (2023-24)