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Quiz: How well do you know India’s budgetary history?

With the Union Budget 2025 being presented today, it's a good time to revisit the key moments that have shaped India’s budgetary journey.

Finance Minister Nirmala Sitharaman holds Union Budget 2020-21 to present in the Lok Sabha, in New Delhi.Finance Minister Nirmala Sitharaman holds Union Budget 2020-21 to present in the Lok Sabha, in New Delhi (Express photo by Prem Nath Pandey)

The Union Budget is more than just a financial document—it’s a mirror reflecting the nation’s priorities, growth, and challenges. As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Union Budget on February 1, 2025, it’s a great time to revisit the key moments and figures that have shaped India’s budgetary journey.

This quiz will test your knowledge of India’s financial history, from the first budget of independent India to significant reforms like the merger of the Railway Budget. Whether you’re a finance enthusiast or just starting to learn about the country’s economic policies, this quiz is sure to challenge and inform you.

So, how well do you really know India’s budgetary legacy? Let’s find out!

Aishwarya Khosla is a journalist currently serving as Deputy Copy Editor at The Indian Express. Her writings examine the interplay of culture, identity, and politics. She began her career at the Hindustan Times, where she covered books, theatre, culture, and the Punjabi diaspora. Her editorial expertise spans the Jammu and Kashmir, Himachal Pradesh, Chandigarh, Punjab and Online desks. She was the recipient of the The Nehru Fellowship in Politics and Elections, where she studied political campaigns, policy research, political strategy and communications for a year. She pens The Indian Express newsletter, Meanwhile, Back Home. Write to her at aishwaryakhosla.ak@gmail.com or aishwarya.khosla@indianexpress.com. You can follow her on Instagram: @ink_and_ideology, and X: @KhoslaAishwarya. ... Read More

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