Gk questions about budget
Q.1. What is the meaning of the word Budget?
a) Leather Bag
b) Money Bag
c) Red suitcase
d) Year Details
Option : A
Q.2. In which of the following year was the first budget of India presented?
a) 18 February 1890
b) 18 February 1860
c) 26 February 1840
d) 15 February 1880
Option : B
Q.3. Who among the following is called the father of Indian budget system?
a) James Wilson
b) Lord Mayo
c) Morarji Desai
d) BR Ambedkar
Option: A
Q.4. In which of the following year was the first budget of Independence India presented?
a) RK Shanmukham Chetty
b) John Mathai
c) C D Deshmukh
d) B R Ambedkar
Option: A
Q.5. Who among the following presented the first budget of Republic India?
a) Jawaharlal Nehru
b) John Mathai
c) VP Singh
d) Shanmukhan Chetty
Option : B
Q.6. Which of the following words is not mentioned in the Constitution?
a) Annual financial statement
b) Budget
c) Appropriation Bill
d) Consolidated Fund of India
Option : B
Q.9. Which Prime Minister presented the budget for the first time in Parliament ?
a) Atal Bihari Vajpayee
b) Jawaharlal Nehru
c) Lal Bahadur Sashtri
d) Morarji Desai
Option : : B
Q.10. How many prime ministers are there in India who have presented the budget by being the Prime Minister?
a) One
b) Two
c) Three
d) Four
Option : C
Q.11. Who is the first woman finance minister to present the Union Budget?
a) Sushma Swaraj
b) Indira Gandhi
c) Vijay Laxmi Pandit
d) Nirmala Sitharaman
Option : B
Q.12. Who among the following is the first full term woman finance minister of the country?
a) Sushma Swaraj
b) Indira Gandhi
c) Sonia Gandhi
d) Nirmala Sitharaman
Option : D
Q.13. Which finance minister presented the budget for the first time at 11 AM?
a) Yashwant Sinha
b) Pranab Mukhrjee
c) Manmohan Singh
d) P Chidambram
Option: A
Q.14. When among the following was the budget presented before 2017?
a) 1 March
b) 1 January
c) 1 February
d) At the end of February
Option : D
Q.15. What is the interim budget called?
a) Mini budget
b) Vote on Account
d) None of these
c) Both A and B
Option : C
Q.16. On the recommendations of which of the following committees, the Railway Budget was separated from the General Budget in 1924 ?
a) Hunter Committee
b) Acworth Committee
c) Mudiman Committee
d) Hilton Youth Committee
Option : B
Q.17. When was the Railway Budget merged with the General Budget?
a) 2014
b) 2016
c) 2018
d) 2019
Option : B
Q.18. In which of the following year was the paperless budget presented for the first time?
a) 2019
b) 2020
c) 2021
d) 2022
Option : C
Q.19. Who among the following gave the longest budget speech in India?
a) Manmohan Singh
b) Jaswant Singh
c) Arun Jaitley
d) Nirmala Sitharaman
Option : D
Q.20. Who has become the first woman finance minister to present the budget for the third time in a row ?
a) Indira Gandhi
b) Mira Kumar
c) Nirmala Sitharaman
d) None of the Above
Option : C
