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Q: The Union Budget also known as Annual Financial Statement (AFS) for a particular financial year is given in which Article of the Indian Constitution?
  • A. Article 134
  • B. Article 112
  • C. Article 31-C
  • D. Article 38
Correct Answer: Option B - Annual Financial Statement (AFS) for a particular financial year is given in Article 112 of the Indian Constitution. Article 134 deals with the Appellate Jurisdiction of Supreme Court. As per Article 38 of the Indian Constitution- State to secure a social order for the promotion of the welfare of the people. Article 31C provides for- Saving of laws giving effect to certain directive principles.
B. Annual Financial Statement (AFS) for a particular financial year is given in Article 112 of the Indian Constitution. Article 134 deals with the Appellate Jurisdiction of Supreme Court. As per Article 38 of the Indian Constitution- State to secure a social order for the promotion of the welfare of the people. Article 31C provides for- Saving of laws giving effect to certain directive principles.

Explanations:

Annual Financial Statement (AFS) for a particular financial year is given in Article 112 of the Indian Constitution. Article 134 deals with the Appellate Jurisdiction of Supreme Court. As per Article 38 of the Indian Constitution- State to secure a social order for the promotion of the welfare of the people. Article 31C provides for- Saving of laws giving effect to certain directive principles.