Q. Who is regarded as the creator of the Budget System in India?<\/p>\n\n\n\n
(a) Charles Edward Trevelyan<\/p>\n\n\n\n
(b) James Wilson<\/p>\n\n\n\n
(c) Samuel Laing<\/p>\n\n\n\n
(d) John Strachey<\/p>\n\n\n\n
Ans: (b) James Wilson<\/p>\n\n\n\n
Explanation: The creator of the Budget System in India is (b) James Wilson. James Wilson, a Scottish economist and politician, is widely regarded as the architect of the modern budget system in India. He served as the Finance Member of the Governor-General’s Council in British India and presented the first comprehensive budget of India in 1860. Wilson’s budget laid the foundation for financial planning and resource allocation in India, introducing a systematic approach to revenue and expenditure management. His budgetary reforms played a crucial role in shaping India’s fiscal policies and financial administration.<\/p>\n","protected":false},"excerpt":{"rendered":"
Q. Who is regarded as the creator of the Budget System in India? (a) Charles Edward Trevelyan (b) James Wilson (c) Samuel Laing (d) John Strachey Ans: (b) James Wilson Explanation: The creator of the Budget System in India is (b) James Wilson. James Wilson, a Scottish economist and politician, is widely regarded as the […]<\/p>\n","protected":false},"author":419,"featured_media":136332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5018],"tags":[5019],"offerexpiration":[],"class_list":["post-136331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-history-quiz","tag-upsc-history-quiz"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/136331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=136331"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/136331\/revisions"}],"predecessor-version":[{"id":136333,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/136331\/revisions\/136333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/136332"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=136331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=136331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=136331"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=136331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}