Q. Who among the following is required to cause to be laid before both houses of parliament in respect of each year financial year a statement of estimated receipts & expenditures of the government?
Answer: President
Notes: The correct answer is the President. According to Article 112 of the Indian Constitution, the President must cause to be laid before both Houses of Parliament a statement of estimated receipts and expenditures for the financial year, known as the Annual Financial Statement or Budget. This process ensures parliamentary oversight of government finances.