Q179
Indian EconomyPublic Finance, Budget & Taxation
Which of the following comes under the Union Budget?
- a.Railways
- b.Municipalities
- c.Panchayats
- d.Posts and Telegraphs
Answer: (D) Posts and Telegraphs
Answer as of 2023 — this may have changed since.
The PSC answer key is (D): Posts and Telegraphs are departments of the Union Government, so their receipts and expenditure are part of the Union Budget. Municipalities and Panchayats are local bodies with their own budgets. Note: since 2017-18 the separate Railway Budget has been merged into the Union Budget, so (A) Railways is also correct today; the key follows the older position.