Subject: ParliamentxBudget

With reference to the Union Government, consider the following statements :
(1) The department of Revenue is responsible for the preparation of Union Budget that is
presented to the Parliament.
(2) No amount can be withdrawn from the Consolidated Fund of India without the authorization
from the Parliament of India.
(3) All the disbursements made from Public Account also need the authorization from the
Parliament of India.
Which of the statements given above is/ are correct?

When the annual Union Budget is not passed by the Lok Sabha,

The authorization for the withdrawal of funds from the Consolidated Fund of India must come from

Which of the following are the methods of Parliamentary control over public finance in India?
1. Placing Annual Financial Statement before the Parliament.
2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill.
3. Provisions of supplementary grants and vote-on-account.
4. A periodic or at least a mid-year review of programmes of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office.
5. Introducing Finance Bill in the Parliament.
Select the correct answer using the code given below:

With reference to Union Budget, consider the following statements:
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India.
Which of the statements given above is/are correct?