UPSC CSE 2024 · PYQ · Public Finance / Union Budget · medium
With reference to the Union Budget, consider the following statements:
1. The Annual Financial Statement is laid before both the Houses of Parliament by the Union Finance Minister on behalf of the Prime Minister.
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?
A.1 only
B.2 only✓ Correct
C.Both 1 and 2
D.Neither 1 nor 2
Explanation
Under Article 112, the Annual Financial Statement is laid before both Houses of Parliament by the Finance Minister on behalf of the President of India (not the Prime Minister) — so statement 1 is incorrect. Under Article 113(3), no demand for a grant shall be made except on the recommendation of the President — so statement 2 is correct. Hence only statement 2 is correct.
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