Q195. With reference to Indian public finance, consider the following statements: 1. Disbursements from Public Accounts of India are subject to the Vote of the Parliament. 2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State. 3. Appropriations and disbursements under the Railway Budget are subject to the same form of parliamentary control as other appropriations and disbursements. Which of the statements given above are correct?

With reference to the Union Government, consider the following statements: 1. The Department of Revenue is responsible for the preparation of the Union Budget t

Consider the following statements The Parliamentary Committee on Public Accounts: 1. Consists of not more than 25 Members of the Lok Sabha. 2. Scrutinises appro

Which of the following are the methods of Parliamentary control over public finance in India? 1. Placing Annual Financial Statement before the Parliament. 2. Wi

Consider the following statements: 1. The Rajya Sabha has no power either to reject or to amend a Money Bill. 2. The Rajya Sabha cannot vote on the Demands for

With reference to the Indian Parliament, consider the following statements: 1. A bill pending in the Lok Sabha lapses on its dissolution. 2. A bill passed by th

Consider the following statements: 1. While members of the Rajya Sabha are associated with Committees on Public Accounts and Public Undertakings, members of Com

With reference to the Indian Parliament, which one of the following is not correct?

Consider the following statements: The function(s) of the Finance commission is/are: 1. to allow the withdrawal of the money out of the Consolidated Fund of Ind

Regarding Money Bill, which of the following statements is not correct?

Which of the following is/are included in the capital budget of the Government of India? 1. Expenditure on acquisition of assets like roads, buildings, machiner

With reference to the Finance Bill and Money Bill in the Indian Parliament, consider the following statements: 1. When the Lok Sabha transmits the Finance Bill

Consider the following statements: 1. The Oil Pool Account of Government of India was dismantled with effect from 1-4-2002 2. Subsidies on PDS kerosene and dome

Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2.

Which of the following statements are correct in respect of a Money Bill in the Parliament? 1. Article 109 mentions special procedure in respect of Money Bills.

With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements: 1. The assets in the National

With reference to the Parliament of India, consider the following statements: 1. Prorogation of a House by the President of India does not require the advice of

With reference to the Indian Public Finance, consider the following statements: 1. External liabilities reported in the Union Budget are based on historical exc

What is the difference between “vote-on-account” and “interim budget”? 1. The provision of a “vote-on-account” is used by a regular Government, while an “interi

With reference to Union Budget, consider the following statements : 1. The Union Finance Minister on behalf of the Prime Minister, lays the Annual Financial Sta

The Parliament of India exercises control over the functions of the Council of Ministers through 1. Adjournment motion 2. Questions hour 3. Supplementary questi

In India, other than ensuring that public funds are used efficiently and for the intended purposes, what is the importance of the office of the Comptroller and

Consider the following statements: 1. The joint sitting of the two houses of the Parliament in India is sanctioned under Article 108 of the Constitution. 2. The

Consider the following statements: 1. The Council of Ministers in the Centre shall be collectively responsible to the Parliament. 2. The Union Ministers shall h

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the:

Consider the following statements: 1. Union Territories are not represented in the Rajya Sabha. 2. It is within the purview of the Chief Election Commissioner t

Consider the following statements: 1. A bill amending the Constitution requires a prior recommendation of the President of India. 2. When a Constitution Amendme

Consider the following statements: 1. The Constitution of India has 20 parts. 2. There are 390 Articles in the Constitution of India in all. 3. Ninth, Tenth, El

Consider the following statements: 1. In India, there is no law restricting the candidates from contesting in one Lok Sabha election from three constituencies.

Consider the following statements: 1. The National Development Council is an organ of the Planning Commission. 2. The Economic and Social Planning is kept in th

Consider the following statements: 1. The Parliament (Prevention of Disqualification) Act, 1959 exempts several posts from disqualification on the grounds of ‘O

Consider the following statements: Some of the main features of the Government of India Act, 1935 were the: 1. abolition of diarchy in the Governor’s provinces

Which of the following statements are correct about the Constitution of India? 1. Powers of the Municipalities are given in Part IX A of the Constitution. 2. Em

With reference to India, consider the following statements: 1. Retail investors through Demat account can invest in ‘Treasury Bills’ and ‘Government of India De

Consider the following statements: In India, stamp duties on financial transactions are: 1. Levied and collected by the State Government 2. Appropriated by the

Consider the following: 1. Market borrowing 2. Treasury bills 3. Special securities issued to RBI Which of these is/are components(s) of internal debt?

Consider the following statements: The Government of India Act, 1935 provided for: 1. the provincial autonomy. 2. the establishment of a Federal court. 3. All I

Which one of the following duties is not performed by Comptroller and Auditor general of India?

Consider the following statements: 1. The Chairman of the Committee on Public Accounts is appointed by the Speaker of the Lok Sabha. 2. The Committee on Public

According to the Constitution of India, it is the duty of the President of India to cause to be laid before the Parliament which of the following? 1. The Recomm

Consider the following statements: 1. In India , Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of Indi

The Constitution (Seventy-Third Amendment) Act, 1992, which aims at promoting the Panchayati Raj Institutions in the country, provides for which of the followin

A deadlock between the Lok Sabha and the Rajya Sabha calls for a joint sitting of the Parliament during the passage of 1. Ordinary Legislation 2. Money Bill 3.

With reference to ‘Urban Cooperative Banks’ in India consider the following statements: 1. They are supervised and regulated by local boards set up by the State

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

As per Article 368 of the Constitution of India, the Parliament may amend any provision of the Constitution by way of: 1. Addition 2. Variation 3. Repeal Select

With reference to the Speaker of the Lok Sabha, consider the following statements: While any resolution for the removal of the Speaker of the Lok Sabh

What will follow if a Money Bill is substantially amended by the Rajya Sabha?

The Parliament can make any law for whole or any part of India for implementing International treaties: (a) with the consent of all the States (b) wit

In the Parliament of India, the purpose of an adjournment motion is

Regarding the office of the Lok Sabha Speaker, consider the following statements: 1. He/She holds the office during the pleasure of the President. 2.

Which of the following special powers have been conferred on the Rajya Sabha by the Constitution of India?

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

Who was the Speaker of the First Lok Sabha?