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Which Budget is known as the Black Budget of India?
4. Which Budget is known as the Black Budget of India?
- 1973-74
- 1950-51
- 1948-49
- 1991-92
Answer: A) 1973-74
Explanation:
The 1973-74 spending plan was introduced during serious monetary pressure, coming directly following a bombed rainstorm and the 1971 Bangladesh war. It was named the Black Budget for the deficiency of Rs 550 crore it showed and the arrangement to nationalize general insurance agencies and coal mineshafts.