Correct Answer:
Option B - According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the Annual Financial Statement, is a statement of the estimated receipts and expenditure of the government for that particular year.
B. According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the Annual Financial Statement, is a statement of the estimated receipts and expenditure of the government for that particular year.