Who presented the first Union Budget of Republic India?

a) R. K. Shanmukham Chetty
b) John Mathai
c) Morarji Desai
d) C. D. Deshmukh

Answer: b) John Mathai

Explanation

India’s first Union Budget was presented by John Mathai on 28 February 1950, for the fiscal year 1950-51. The term used for Union Budget in India is “Annual Financial Statement” as per Article 112 of the Constitution of India. John Mathai was the first Finance Minister of republic India, and he played a significant role in shaping the financial policies of the newly independent nation.

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