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b. The Budget
● The budget is an estimate of the annual income and expenditure of the
government of India.
● The government presents the budget to the Lok Sabha every year. The
budget has to be passed by the Parliament.
● The Lok Sabha has the power to suggest a cut to the budget or even reject
it altogether.
Q2. With the reference to the Distribution of Power between Union and State
Legislatures, write about:
a) UNION LIST
b) CONCURRENT LIST
c) STATE LIST