GK Questions on Union Budget 2024: Set-4
Q46. What was the total revenue in the first Union Budget of independent India?
[A] ₹92.74 crore
[B] ₹171.15 crore
[C] ₹197.29 crore
[D] ₹24.59 crore
Answer – [B] ₹171.15 crore
Explanation-
Q47. What was the fiscal deficit in the first Union Budget?
[A] ₹92.74 crore
[B] ₹171.15 crore
[C] ₹197.29 crore
[D] ₹24.59 crore
Answer – [D] ₹24.59 crore
Explanation-
Q48. How much was the Defence expenditure estimated in the first Union Budget?
[A] ₹92.74 crore
[B] ₹171.15 crore
[C] ₹197.29 crore
[D] ₹24.59 crore
Answer –[A] ₹92.74 crore
Explanation-
Q49. On which date did Morarji Desai become the only Finance Minister to present the Union budget on his birthday in 1964 and 1968?
[A] 29 January
[B] 29 February
[C] 29 March
[D] 29 November
Answer –[B] 29 February
Explanation-
Q50. How many annual budgets, including interim budgets, did Morarji Desai present during his first term as Finance Minister and Deputy Prime Minister of India?
[A] 3
[B] 4
[C] 5
[D] 6
Answer – [C] 5
Explanation-
Q51.Who succeeded Morarji Desai as the Finance Minister and became the first woman to hold the post after his resignation?
[A] Nirmala Sitharaman
[B] Arun Jaitley
[C] Sushma Swaraj
[D] Indira Gandhi
Answer –[D] Indira Gandhi
Explanation-
Q52. Who presented the shortest budget speech for the interim budget of 1977, which was merely 800 words long?
[A] Morarji Desai
[B] Indira Gandhi
[C] Hirubhai M. Patel
[D] Pranab Mukherjee
Answer – [C] Hirubhai M. Patel
Explanation-
Q53. In which year did Hirubhai M. Patel present the shortest budget speech for the interim budget?
[A] 1975
[B] 1977
[C] 1980
[D] 1982
Answer – [B] 1977
Explanation-
Q54. Who was the first Rajya Sabha member to hold the Finance portfolio and present the annual budgets for 1982–83, 1983–84, and 1984–85?
[A] Morarji Desai
[B] Indira Gandhi
[C] Pranab Mukherjee
[D] Hirubhai M. Patel
Answer – [C] Pranab Mukherjee
Explanation-
Q55. Who holds the record for presenting the highest number of budgets among the listed individuals?
[A] P Chidambaram
[B] Pranab Mukherjee
[C] Morarji Desai
[D] Yashwant Sinha
Answer –[C] Morarji Desai
Explanation-
Q56. Which individual presented 9 budgets, making it the second-highest count?
[A] Pranab Mukherjee
[B] P Chidambaram
[C] Yashwantrao Chavan
[D] Yashwant Sinha
Answer –[B] P Chidambaram
Explanation-
Q57. Who is among those who presented 8 budgets?
[A] Yashwant Sinha
[B] Pranab Mukherjee
[C] Yashwantrao Chavan
[D] Morarji Desai
Answer –[B] Pranab Mukherjee
Explanation-
Q58. How many budgets did Manmohan Singh and T.T. Krishnamachari each present?
[A] 5
[B] 6
[C] 7
[D] 8
Answer – [B] 6
Explanation-
Q59. How many budgets has Nirmala Sitharaman presented?
[A] 4
[B] 5
[C] 6
[D] 7
Answer –[C] 6 (Till February 2024)
Explanation-
Q60. What milestone is Union Finance Minister Nirmala Sitharaman poised to achieve?
[A] Fourth consecutive budget
[B] Fifth consecutive budget
[C] Sixth consecutive budget
[D] Seventh consecutive budget
Answer –[C] Sixth consecutive budget
Explanation-
Q61. Whose record is Nirmala Sitharaman matching by delivering her sixth consecutive budget?
[A] Jawaharlal Nehru
[B] Indira Gandhi
[C] Morarji Desai
[D] Atal Bihari Vajpayee
Answer –[C] Morarji Desai
Explanation-
