Question : The budgetary process in India involves ____________ approval of the budget by the Parliament.
Option 1: Pre-budget
Option 2: Post-budget
Option 3: Interim
Option 4: Final
Correct Answer: Post-budget
Solution : The correct answer is (B) Post-budget
The budgetary process in India involves post-budget approval by the Parliament. After the budget is presented by the Finance Minister in the Parliament, it goes through a series of stages, including discussions, debates, and voting. The Members of Parliament have the opportunity to analyze and scrutinize the budget proposals, raise questions, and suggest changes if necessary. The final approval of the budget takes place after these deliberations and voting in the Parliament.




