Q. “Annual Financial Statement” is often seen in news is related to?

[A] Article 72

[B] Article 110

[C] Article 112

[D] Article 280

Answer: B

Explanation: The Constitution of India has a provision (Art. 112) for such a document called Annual Financial Statement to be presented in the Parliament before the commencement of every new fiscal year—popular as the Union Budget. Same provision is there for the states, too.

Source: Ramesh Singh