[Solved] Why has the general budget till recently always been presented at 5 o’ clock in the evening?

Q.	Why has the general budget till recently always been presented at 5 o’ clock in the evening?
A.	All countries present their budgets at this time
B.	So that there is no time for traders to manipulate the prices
C.	It is a convention of official secrecy
D.	It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously
Answer» D. It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously

678

Do you find this helpful?

View all MCQs in

Indian Economy

Discussion

No comments yet

Related MCQs

The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of the following item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running the government and various services IV. Market loans raised by the government
Railway Budget in India was separated from general budget in :
Which of the following are not correct assessments of the decades of India's Five-Year Plans? 1. There has been very low capital formation 2. Growth has favoured the better off 3. Production has increased substantially though often falling short of targets 4. The public sector has contributed nothing to economic growth
UTI has been divided into two parts UTI-I and UTI-II. Which part has been kept under the control of the government?
Consider the following statements: (A) In India since independence the share of the primary sector has been declining while the shares. of the secondary and tertiary sectors have been increasing (B) This trend shows that Indian economy is passing through the transition from an agricultural to an industrial economy While one of the following is correct?
Over the last few years: 1. the value of imports has increased at a faster rate as compared to exports 2. exports have fallen as compared to imports 3. both exports and imports have risen 4. the balance of trade has been favourable to India
Consider the following about the 'Rolling Plan': I. A plan for the current year which includes the annual budget II. A plan for a fixed number of years, say 3, 4 or 5 III. It is revised every year as per requirements of the economy IV. A perspective plan for 10, 15 or 20 years Which of the above are correct? [BPSC 2011]
The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994]
Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns [IAS 2006]
Fiscal deficit in the budget means: [CDS 1999]