Under which Article of the Indian Constitution the Annual Financial Statement (Budget) is necessary to be laid before the Parliament?

Correct answer: (c) Article 112

Explanation

Article 112 of the Indian Constitution relates to the Annual Financial Statement (Budget). Under Article 112(1), the President shall cause to be laid before both Houses of Parliament, in respect of every financial year, a statement of the estimated receipts and expenditure of the Government of India for that year, which is called the “Annual Financial Statement” (Budget).