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Which of the following are the reforms introduced in Budget 2017-2018? 1. Presentation of Budget advanced to 1st February to enable the Ministries to operationalize all activities from the commencement of the financial year 2. Merger of Railway Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy  3. Removal of plan and non-plan classification of expenditure to facilitate a holistic view of allocations for Sectors and Ministries Select the correct answer using the code given below:

Which of the following are the reforms introduced in Budget 2017-2018? 1. Presentation of Budget advanced to 1st February to enable the Ministries to operationalize all activities from the commencement of the financial year 2. Merger of Railway Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy  3. Removal of plan and non-plan classification of expenditure to facilitate a holistic view of allocations for Sectors and Ministries Select the correct answer using the code given below: Correct Answer 1, 2 and 3

The correct answer is option 3 i.e. 1,2, and 3.

  • The Union Budget for 2017-18 was announced by Late Mr Arun Jaitley on February 1, 2017.
  • Theme for Budget 2017-18 was: “Transform, Energise and Clean India” – TEC.
  • James Wilson created India's first Budget in 1860.
  • The first Union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947.
  • Morarji Desai has presented 10 budgets which is the highest number of times followed by P Chidambaram.
  • Current Finance Minister of India - Nirmala Sitharaman.​

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