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Question : The Government Budget is a statement of estimates of the government receipts and government expenditure for the coming financial year. The financial year for India is the period from ____ to _____.

Option 1: January 1 to December 31

Option 2: February 1 to January 31

Option 3: October 1 to August 31

Option 4: April 1 to March 31


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Answer (1)
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Correct Answer: April 1 to March 31


Solution : The correct option is April 1 to March 31.

The financial year for India is the period from April 1st to March 31st of the following year. During this time frame, the government's budget is prepared and presented, outlining the estimates of government receipts and expenditures for the upcoming financial year.

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