The Union Budget for 2012- 3 was presented to the Parliament on
- AOption (a)
14-3-2012
- BOption (b)
15-3-2012
- COption (c)
16-3-2012
- DOption (d)
17-3-2012
View answer & explanationHide answer & explanation
Correct answer
16-3-2012
Why this answer is correct
The correct answer is 16-3-2012.
Key Points
- Indian Government Budget 2012-13
- Budget 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 Information
- According 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.