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 No amount can be withdrawn from the Consolidated Fund of India without the authorization from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?
-
A.
1 and 2 only
-
B.
2 and 3 only
-
C.
2 only
-
D.
1, 2 and 3
Correct Answer:
C. 2 only
Explanation:
Considering the statements about the Union Government:
The Department of Revenue is responsible for the preparation of the Union Budget — This is incorrect. The Union Budget is primarily prepared by the Budget Division of the Department of Economic Affairs under the Ministry of Finance, not the Department of Revenue.
No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India — This is correct. Article 266 of the Constitution mandates parliamentary authorization for withdrawal from the Consolidated Fund of India.
All disbursements from the Public Account also need parliamentary authorization — This is incorrect. Withdrawals from the Public Account do not require parliamentary approval as these are public funds held in trust (like provident fund deposits, savings deposits, etc.).
Therefore, only statement 2 is correct.
The correct answer is (c) 2 only.
Click below to open Discussion & Feedback
0 Issues
Please
login to comment or Report Issues.