{"id":93788,"date":"2025-06-01T11:57:11","date_gmt":"2025-06-01T11:57:11","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93788"},"modified":"2025-06-01T11:57:11","modified_gmt":"2025-06-01T11:57:11","slug":"consider-the-following-statements-the-term-budget-has-nowhere-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/","title":{"rendered":"Consider the following statements :\n  The term &#8216;budget&#8217; has nowhere be"},"content":{"rendered":"<p>Consider the following statements :<\/p>\n<ul>\n<li>The term &#8216;budget&#8217; has nowhere been used in the Constitution.<\/li>\n<li>Article 112 of the Constitution of India deals with the budget.<\/li>\n<\/ul>\n<p>Which of the above statements is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC Combined Section Officer &#8211; 2024<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-combined-section-officer-2024.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-combined-section-officer-2024\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nBoth statements are correct. Statement 1 is correct because the term &#8216;Budget&#8217; is not explicitly used in the Constitution of India. Instead, Article 112 refers to the &#8216;Annual Financial Statement&#8217;. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nThe Constitution uses the term &#8216;Annual Financial Statement&#8217; in Article 112, not &#8216;Budget&#8217;. Article 112 outlines the procedure for presenting the government&#8217;s estimated receipts and expenditures for the coming financial year.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nArticle 112 requires the President to cause to be laid before both Houses of Parliament an annual financial statement showing the estimated receipts and expenditure of the Government of India for the financial year. This statement is divided into two parts: revenue budget and capital budget.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements : The term &#8216;budget&#8217; has nowhere been used in the Constitution. Article 112 of the Constitution of India deals with the budget. Which of the above statements is\/are correct ? [amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option3&#8243;] This question was previously asked in UPSC &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements :\n  The term &#8216;budget&#8217; has nowhere be\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/#more-93788\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements :<br \/>\n  The term &#8216;budget&#8217; has nowhere be<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1103,1334,1099],"class_list":["post-93788","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-1103","tag-articles-of-the-constitution","tag-indian-polity-and-governance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements :  The term &#039;budget&#039; has nowhere be<\/title>\n<meta name=\"description\" content=\"Both statements are correct. Statement 1 is correct because the term &#039;Budget&#039; is not explicitly used in the Constitution of India. Instead, Article 112 refers to the &#039;Annual Financial Statement&#039;. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament. The Constitution uses the term &#039;Annual Financial Statement&#039; in Article 112, not &#039;Budget&#039;. Article 112 outlines the procedure for presenting the government&#039;s estimated receipts and expenditures for the coming financial year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements :  The term &#039;budget&#039; has nowhere be\" \/>\n<meta property=\"og:description\" content=\"Both statements are correct. Statement 1 is correct because the term &#039;Budget&#039; is not explicitly used in the Constitution of India. Instead, Article 112 refers to the &#039;Annual Financial Statement&#039;. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament. The Constitution uses the term &#039;Annual Financial Statement&#039; in Article 112, not &#039;Budget&#039;. Article 112 outlines the procedure for presenting the government&#039;s estimated receipts and expenditures for the coming financial year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:57:11+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements :  The term 'budget' has nowhere be","description":"Both statements are correct. Statement 1 is correct because the term 'Budget' is not explicitly used in the Constitution of India. Instead, Article 112 refers to the 'Annual Financial Statement'. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament. The Constitution uses the term 'Annual Financial Statement' in Article 112, not 'Budget'. Article 112 outlines the procedure for presenting the government's estimated receipts and expenditures for the coming financial year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements :  The term 'budget' has nowhere be","og_description":"Both statements are correct. Statement 1 is correct because the term 'Budget' is not explicitly used in the Constitution of India. Instead, Article 112 refers to the 'Annual Financial Statement'. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament. The Constitution uses the term 'Annual Financial Statement' in Article 112, not 'Budget'. Article 112 outlines the procedure for presenting the government's estimated receipts and expenditures for the coming financial year.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:57:11+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/","name":"Consider the following statements : The term 'budget' has nowhere be","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:57:11+00:00","dateModified":"2025-06-01T11:57:11+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Both statements are correct. Statement 1 is correct because the term 'Budget' is not explicitly used in the Constitution of India. Instead, Article 112 refers to the 'Annual Financial Statement'. Statement 2 is also correct as Article 112 of the Constitution deals with the presentation of the Annual Financial Statement (which is commonly referred to as the Budget) to both Houses of Parliament. The Constitution uses the term 'Annual Financial Statement' in Article 112, not 'Budget'. Article 112 outlines the procedure for presenting the government's estimated receipts and expenditures for the coming financial year.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-term-budget-has-nowhere-be\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC Combined Section Officer","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-combined-section-officer\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements : The term &#8216;budget&#8217; has nowhere be"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=93788"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93788\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=93788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=93788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=93788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}