How many interim budgets were presented in the 1990s?
February 03, 2004 09:12 IST
India's Interim Budgets
How many interim budgets were presented in the 1990s? Take the Rediff Biz Quiz and find out how much you know about India and its interim budgets.
1. Which Indian finance minister has presented the maximum number of budgets? a) Morarji Desai b) Y B Chavan c) R Venkataraman
Wrong! Try again..
Wrong! The correct answer is Morarji Desai. Morarji Desai presented the maximum number of budgets -- 10. He delivered eight annual and two interim budgets. Y B Chavan, H M Patel, R Venkataraman and Yashwant Sinha also introduced interim budgets twice.
Correct! Morarji Desai presented the maximum number of budgets -- 10. He delivered eight annual and two interim budgets. Y B Chavan, H M Patel, R Venkataraman and Yashwant Sinha also introduced interim budgets twice.
2. When was the first time the full and interim budgets were presented by ministers from two different political parties? a) 1977 b) 1989 c) 1991
Wrong! Try again..
Wrong! The correct answer is 1991. Yashwant Sinha presented the interim budget for 1991-92 in March 1991, while Manmohan Singh introduced the full budget for 1991-92 in July. Singh presented an interim budget for 1996-97, while P Chidambaram delivered the final budget.
Correct! Yashwant Sinha presented the interim budget for 1991-92 in March 1991, while Manmohan Singh introduced the full budget for 1991-92 in July. Singh presented an interim budget for 1996-97, while P Chidambaram delivered the final budget.
3. Which finance minister announced the government's PSU divestment plan via a vote-on-account? a) Manmohan Singh b) Yashwant Sinha c) P Chidambaram
Wrong! Try again..
Wrong! The correct answer is Yashwant Sinha. Yashwant Sinha announced the Centre's plan to divest government equity in public sector undertakings through a vote-on-account in 1991.
Correct! Yashwant Sinha announced the Centre's plan to divest government equity in public sector undertakings through a vote-on-account in 1991.
4. How many times were interim budgets presented in the 1990s? a) Two b) Three c) Four
Wrong! Try again..
Wrong! The correct answer is Three. Yashwant Sinha presented the interim budget for 1991-92 and 1998-99. Manmohan Singh presented the interim budget for 1996-97. However, in the 80s, there was only one vote-on-account: R Venkataraman presented the interim and final budgets for 1980-81.
Correct! Yashwant Sinha presented the interim budget for 1991-92 and 1998-99. Manmohan Singh presented the interim budget for 1996-97. However, in the 80s, there was only one vote-on-account: R Venkataraman presented the interim and final budgets for 1980-81.
5. Which finance minister, who was the first Indian governor of the Reserve Bank of India, presented an interim budget for 1951-52? a) C D Deshmukh b) Sir Benegal Rama Rau c) K G Ambegaokar
Wrong! Try again..
Wrong! The correct answer is C D Deshmukh. Chintaman Dwarkanath Deshmukh, the first Indian Governor of the Reserve Bank of India, presented an interim budget for 1951-52. He held the office of Union finance minister from 1950 to 1956.
Correct! Chintaman Dwarkanath Deshmukh, the first Indian Governor of the Reserve Bank of India, presented an interim budget for 1951-52. He held the office of Union finance minister from 1950 to 1956.
