MasteryExams
Indian Polity • Parliament & ExecutiveEasy

Which Article of the Indian Constitution provides for the annual financial statement, commonly referred to as the 'Budget'?

A. Article 110
B. Article 112✓ Correct Answer
C. Article 114
D. Article 117

💡 Solution & Explanation

Article 112 mandates the presentation of the Annual Financial Statement, popularly termed the Budget, before both houses of Parliament by the President. Article 110 specifically defines Money Bills. Budgetary procedures and parliamentary provisions are fundamental for understanding executive accountability in government.

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