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Question

Who presented the first Union Budget of independent India?

This question was previously asked in
RRB JE 2018 CBT 1 Question Paper (01-Jun-2019) Shift 3
The correct answer is

R. K. Shanmukham Chetty

R. K. Shanmukham Chetty is correct.

R. K. Shanmukham Chetty, the first Finance Minister of independent India, presented the first Union Budget on 26 November 1947.

John Mathai presented the budgets that followed, including the first budget of the Republic in 1950. C. D. Deshmukh and T. T. Krishnamachari became Finance Ministers later, in the 1950s.

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Important Questions from Economy

  1. When goods are produced by exploiting natural resources, it is an activity associated with:

  2. A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:

  3. Which goods from India dominated the international textile markets before the age of mechanized industries?

  4. Which type of farming is practiced in areas of high population pressure on land?

  5. The major economic attribute for comparing countries is their:

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