1 of 10 〉
In which of the following year was the budget system introduced for the first time in India?
1867
1860
1897
1890
Answer: 1860 Explanation:James Wilson, the British economist, presented the first-ever budget in India in 1860. He is credited with introducing a financial budget in India framed by the English model.
2 of 10 〉
Which of the Viceroys started the budget system in India?
Lord Minto
Lord Macualey
Lord Canning
Lord Dalhousie
Answer: Lord Canning Explanation:The introduction of the budget system in India started in the era of Lord Canning, the first Viceroy of India.