Questions on Indian Economy Welcome to your Questions on Indian Economy Your Quiz time of 15 Minutes has started now. Answer all the questions within 15 Minutes. Name Email Phone 1. Who among the following presented Union Budget maximum number of times?Interesting facts on budget presentationP. ChidambaramR K Shanmukham ChettyPranav MukherjeeMorarji Desai 2. Union Budget of India is presented by whom and in which house/ houses of the Parliament?Budget of the Indian UnionFinance Minister of India; Lok SabhaPrime Minister of India; Rajya SabhaCabinet Secretary; Both Lok Sabha and Rajya SabhaPresident of India; in joint session of Parliamnet 3. Who among the following presented the first budget (interim) of Independent India?First Budget after Indian IndependenceManmohan SinghJawaharlal NehruR K Shanmukham ChettyN.D. Tiwari 4. Who can declare a financial emergency in the country?Financial Emergency is a National crisisFinance Minister of IndiaPresident of IndiaLok Sabha SpeakerChief Justice of Supreme Court 5. Which part of the Indian Constitution has emergency provisions?XVIIIXVIXVIIXV 6. Which article of the Indian Constitution has provisions for a financial emergency?Article 352Article 356Article 360None of the above 7. When was the National Emergency first declared in India?196519911975Never 8. Emergency Provisions in the Indian Constitution are derived from the Constitution ofGermanyUSAGreat BritainCanada 9. Which of the following constitutional amendment has empowered the President to declare a national emergency on a particular part of India?38th40th42nd62nd 10. What is the largest item of expenditure(in terms of percentage) in the Union Budget 2020-21?Explanation: The largest item of expenditure in the Union Budget 2020-21 is ‘State’s share of taxes and duties’. This item accounts to 20% share of the total expenditure of the Central Government.Interest paymentsState’s share of taxes and dutiesDefence ExpenditureNone of the above Time is Up!