Budget GK (Top MCQ)

History of Budget 1860 to 2024 Facts ह िंदी + Eng

❑ 1st Budget of India → 18 Feb 1860

❑ Railway & General Merged → 2016
❑ Annual Financial Statement → Art 112
❑ Highest no. of budgets → Morarji Desai
❑ Father of Indian Budget → James Wilson
Q.1.
What is the meaning of the word Budget ?
बजट शब्द का अर्थ क्या ोता ै ?

• The word budget is actually derived from the

a) Leather Bag Latin word bulga.
• Bulga means leather bag.
b) Money Bag
• After this the word became Bouget in the
c) Red suitcase language of France.
• After this, after some confusion, this word
d) Year Details became Boget or Bojet in English.
• Later this word became budget.

Option : A
Q.2.
In which of the following year was the first budget of
India presented ?
हिम्न में से हकस वर्थ भारत का प्रर्म बजट पेश हकया गया ?

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 ?
हिम्न में से हकसे भारतीय बजट व्यवस्र्ा का जिक क ा जाता ै ?

a) James Wilson
• The first budget in India was
b) Lord Mayo presented by James Wilson of
c) Morarji Desai the East India Company on 18
February 1860.
d) B R Ambedkar

Option : A
Q.4.
In which of the following year was the first budget of
Independence India presented ?
हिम्न में से हकस वर्थ स्वतिंत्र भारत का प्रर्म बजट पेश हकया गया ?

a) RK Shanmukham Chetty
b) John Mathai • The first budget of independent
India was presented by Finance
c) C D Deshmukh
Minister RK Shanmukham
d) B R Ambedkar Chetty on 26 November 1947.

Option : A
Q.5.
Who among the following presented the first budget
of Republic India ?
हिम्न में से हकसिे गणतिंत्र भारत का प्रर्म बजट पे श हकया र्ा ?

a) Jawaharlal Nehru
• The first budget of the Republic of
b) John Mathai
India was presented by John
c) V P Singh Mathai on 28th February 1950.
d) Shanmukhan Chetty

Option : B
Q.6.
Which of the following words is not mentioned
in the Constitution ?
हिम्न में से सिंहवधाि में हकस शब्द का उल्लेख ि ी िं हकया गया ै ?

a) Annual financial statement • Generally, the annual financial

statement is called budget but the
b) Budget word budget is not mentioned
c) Appropriation Bill anywhere in the Indian Constitution.
• The annual financial statement is
d) Consolidated Fund of India described in Article 112.

Option : B
Q.7.
Which finance minister of India has presented the
budget maximum number of times ?
भारत के हकस हवत्त मिंत्री िे बजट को अहधकतम बार प्रस्तु त हकया ै ?

a) Jawaharlal Nehru • He was also the only Finance Minister of

the country to present the budget twice
b) Indira Gandhi
on his birthday.
c) Morarji Desai • Desai was born on February 29, which
comes once in 4 years.
d) Pranab Mukhrjee

Option : C
Q.8.
How many times has Morarji Desai presented
the budget ?
मोरारजी दे साई िे कुल हकतिी बार बजट पेश हकया ै ?

a) 12 times • Morarji Desai presented the Budget 10

times so far.
b) 10 times • P Chidambram presented the budget 9
times.
c) 8 times • He is followed in the list Pranab Mukherjee
(8 times), Yashwant Sinha, YB Chawan, and
d) 6 times CD Deshmukh (7 times).

Option : B
Q.9.
Which Prime Minister presented the budget
for the first time in Parliament ?
हकस प्रधािमिंत्री िे सिंसद में प ली बार बजट पेश हकया र्ा ?

a) Atal Bihari Vajpayee • In 1958-59, the PM of the country

Jawaharlal Nehru presented the Budget.
b) Jawaharlal Nehru • The reason for this was that at that time
c) Lal Bahadur Sashtri the responsibility of the Finance
Ministry was with him.
d) Morarji Desai • He became the first PM of the country
to present the Union Budget.

Option : B
Q.10.
How many prime ministers are there in India who have
presented the budget by being the Prime Minister ?
भारत के कुल हकतिे प्रधािमिंत्री ैं हजन्होिे प्रधािमिंत्री पद पर र कर बजट
पेश हकया ै ?

a) One • Jawaharlal Nehru, Indira Gandhi &

b) Two Rajiv Gandhi

c) Three
d) Four

Option : C
Q.11.
Who is the first woman finance minister to
present the Union Budget ?
केंद्रीय बजट पेश करिे वाली प ली मह ला हवत्त मिंत्री कौि ै ?

a) Sushma Swaraj • As India's first woman finance

minister, Indira Gandhi presented
b) Indira Gandhi the Union Budget in 1970.
• She was the Prime Minister of the
c) Vijay Laxmi Pandit country at that time.
• Along with this, the charge of the
d) Nirmala Sitharaman
Finance Ministry was also with her.

Option : B
Q.12.
Who among the following is the first full term
woman finance minister of the country ?
हिम्न में से कौि दे श की प ली पूणथ कालीि मह ला हवत्त मिंत्री ै ?

a) Sushma Swaraj
• The first full-time female Finance
b) Indira Gandhi Minister of India is Nirmala Sitharaman.
• She was appointed as the Finance
c) Sonia Gandhi Minister on 31 May 2019.
d) Nirmala Sitharaman

Option : D
Q.13.
Which finance minister presented the budget for
the first time at 11 AM ?
प ली बार सुब 11 बजे बजट हकस हवत्तमिंत्री िे पेश हकया र्ा ?

• Till the year 2000, according to the English

a) Yashwant Sinha tradition, the Budget was presented at 5 PM.
b) Pranab Mukhrjee • In 2001, the NDA government led by Atal
Bihari Vajpayee broke this tradition.
c) Manmohan Singh • Not the tradition of presenting the Budget in
Parliament was started at 11 AM.
d) P Chidambram • The tradition of presenting the budget at 5
pm was started by Sir Basil Blackett in 1924.
Option : A
Q.14.
When among the following was the budget presented
before 2017 ?
हिम्न में से कब 2017 से प ले बजट पेश हकया जाता र्ा ?

a) 1 March • Before the year 2017, the budget was

presented on the last working day of
b) 1 January
February.
c) 1 February • From the year 2017, it started being
introduced on 1st February or the first
d) At the end of February working day of February.

Option : D
Q.15.
What is the interim budget called ?
अिंतररम बजट को क्या क ा जाता ै ?

a) Mini budget • RK Shanmukham Chetty used the word

Interim for the first time in the budget
b) Vote on Account of 1948-49.
• It was only after this that the word
c) Both A and B 'Interim' began to be used for short-
d) None of these term budgets.

Option : C
Q.16.
On the recommendations of which of the following
committees, the Railway Budget was separated from the
General Budget in 1924 ?
हिम्न में से हकस सहमहत की हसफाररशोिं पर रे ल बजट 1924 में आम बजट से
अलग हकया गया र्ा ?

a) Hunter Committee • The Railway Budget was

separated from the general govt
b) Acworth Committee finances in 1924.
• The measure was taken on the
c) Mudiman Committee recommendations submitted by a
d) Hilton Youth Committee panel led by British economist
William Acworth in 1920-21.
Option : B
Q.17.
When was the Railway Budget merged with
the General Budget ?
रे ल बजट को आम बजट के सार् कब जोडा गया र्ा ?

a) 2014 • The Union Cabinet in 2016 had

decided to merge the Railway Budget
b) 2016 with the General Budget, thus ending
c) 2018 the 92-year-old tradition of having a
separate Railway Budget.
d) 2019 • A separate Railway Budget was
started by the British in 1924.

Option : B
Q.18.
In which of the following year was the paperless
budget presented for the first time ?
हिम्न में से हकस वर्थ प ली बार पेपरलेस बजट पेश हकया गया ?

a) 2019 • In the wake of the ongoing pandemic, Finance

Minister Nirmala Sitharaman presented the
b) 2020
1st paperless Union Budget 2021 on 1 Feb
c) 2021 • This was the first time since independence
that the Budget papers were not be printed.
d) 2022
• In 2021, Uttar Pradesh became the first Indian
state to present a paperless budget.

Option : C
Q.19.
Who among the following gave the longest
budget speech in India ?
हिम्नहलखखत में से हकसिे भारत में सबसे लिंबा बजट भार्ण हदया ?

a) Manmohan Singh • Nirmala Sitharaman holds the record for

the longest Budget speech in 2020 — 2
b) Jaswant Singh
hours and 42 minutes.
c) Arun Jaitley • Shortest Budget speech - Former Finance
Minister Hirubhai Mulljibhai Patel in
d) Nirmala Sitharaman 1977.

Option : D
Q.20.
Who has become the first woman finance minister
to present the budget for the third time in a row ?
लगातार तीसरी बार बजट पेश करिे वाली प ली मह ला हवत्त मिंत्री
कौि बि गई ै ?

a) Indira Gandhi • Nirmala Sitharaman, while presenting

the Budget 2021 in Parliament, became
b) Mira Kumar the first woman in the country to
present the budget thrice.
c) Nirmala Sitharaman • Before Sitharaman, former PM Indira
d) None of the Above Gandhi has kept the record of
presenting the budget twice.

Option : C
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