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Budget Quiz MCQ Practice

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1. The Union Budget of India is presented in Parliament by the:

  1. A. President
  2. B. Prime Minister
  3. C. RBI Governor
  4. D. Finance Minister
Answer: Finance Minister
Explanation: Finance Minister — verified fact for Budget Quiz.
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2. The Union Budget in India is presented on which date in recent practice?

  1. A. 1 February
  2. B. 1 April
  3. C. 26 January
  4. D. 31 March
Answer: 1 February
Explanation: 1 February — verified fact for Budget Quiz.
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3. A Budget that shows government expenditure exceeding revenue is called a:

  1. A. Balanced budget
  2. B. Surplus budget
  3. C. Zero-based budget
  4. D. Deficit budget
Answer: Deficit budget
Explanation: Deficit budget — verified fact for Budget Quiz.
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