Which of the following indicates features of budget in India?

1. It indicates the actual statement of receipts and expenditure of the country.
2. It is a constitutional requirement to present budget before parliament.
3. It impacts the economy through aggregate monetary discipline.
4. The ‘Annual Financial Statement’ constitutes the main budget document of the government.

2 and 4

The correct answer is Option 4: 2 and 4

1. It indicates the actual statement of receipts and expenditure of the country. False. Budget is an annual statement of expected receipts and estimated expenditure of the government.
2. It is a constitutional requirement to present budget before parliament. True.
3. It impacts the economy through aggregate monetary discipline. False. Budget impacts the economy through the fiscal policies of the government which relates to government expenditure and taxation policies.
4. The ‘Annual Financial Statement’ constitutes the main budget document of the government.True.