The Union Budget of India 2025 was presented by the Honourable Finance Minister Smt. Nirmala Sitaraman February, 1st, 2025 in Parliament. The Union Budget is an annual financial statement that plays a crucial role in the economic development of the nation.

This article will provide expected current affairs questions and answers related to the Union Budget 2025, which will be helpful for candidates preparing for various exams. This topic will be included in the current affairs section of government examinations. Candidates can download the Expected Current Affairs Questions and Answers on the Union Budget 2025 PDF format from the link provided below. If you have any doubts or queries, please check the FAQs section below.

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Expected Current Affairs Questions and Answers on the Union Budget 2025

1. Under which Article of the Indian Constitution is the Union Budget referred to as the Annual Financial Statement?

Answer: Article 112 of the Constitution of India refers to the Union Budget as the "Annual Financial Statement," which presents the estimated receipts and expenditures of the government for a financial year.

2. Who was the first Finance Minister of independent India to present the Union Budget?

Answer: R.K. Shanmukham Chetty presented India’s first Budget on 26th November 1947, after independence.

3. Which committee examines the Demands for Grants in the Union Budget?

Answer: Departmental Standing Committees review different ministries' expenditure proposals (Demands for Grants) and recommend necessary changes before the budget is passed.

4. Which body audits the accounts and expenditures of the government after the budget is implemented?

Answer: The CAG of India audits the government’s financial transactions and reports its findings to Parliament.

5. Which ministry is responsible for preparing and presenting the Union Budget in India?

Answer: The Ministry of Finance, specifically the Department of Economic Affairs, prepares the budget, and the Finance Minister presents it in Parliament.

6. When is the Union Budget of India usually presented?

Answer: Since 2017, the Union Budget has been presented on 1st February to ensure better implementation of policies before the new financial year starts in April.

7. What are the two main components of the Union Budget?

Answer: The Revenue Budget deals with day-to-day income and expenditure, while the Capital Budget deals with investments, borrowings, and asset creation.

8. From which year did the Union Budget presentation officially shift to 11 AM?

Answer: Before 1999, the Union Budget was traditionally presented at 5 PM, a practice followed since the British era. In 1999, the then Finance Minister Yashwant Sinha changed the timing to 11 AM to make it more convenient for policymakers, markets, and the public.

9. In which year was India’s first paperless Union Budget presented?

Answer: On 1st February 2021, Finance Minister Nirmala Sitharaman presented India’s first paperless budget using a digital tablet enclosed in a Bahi-Khata-style pouch. This shift was made to promote the Digital India initiative and reduce paper usage, especially amid the COVID-19 pandemic.

10. What are the two phases of the Budget Session 2025?

Answer: The Budget Session of Parliament is divided into two phases.  First Part: January 31 – February 13, 2025; Second Part: March 10 – April 4, 2025. The first phase includes the presentation of the Budget, and the second phase includes discussions, approvals, and passing of the budget.

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Q. Where can I download the expected current affairs questions and answers on the Union Budget 2025 PDF?

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Q. Whether the expected current affairs questions and answers on the Union Budget 2025 PDF provided with solutions?

Yes. The expected current affairs questions and answers on the Union Budget 2025 pdf will be provided with solutions & detailed explanations after updated.