Question : On which date Budget is announced in India
Option 1: Last week of February
Option 2: 1/April every year
Option 3: 1 February
Option 4: March
Answer (1)
21st Jan, 2024
Correct Answer: 1 February
Solution : The correct answer is (c) 1 February.
In India, the annual budget is traditionally announced on 1 February of each year. However, it's important to note that the exact date may vary depending on various factors, including the scheduling of parliamentary sessions and other considerations.
The budget announcement on 1 February provides the government with sufficient time to finalize and implement the budgetary provisions before the start of the new financial year, which begins on 1 April.
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