Q237. With reference to the Union Government, consider the following statements: 1. The Department of Revenue is responsible for the preparation of the 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 No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India. 3.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?

With reference to Indian public finance, consider the following statements: 1. Disbursements from Public Accounts of India are subject to the Vote of the Parlia

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

Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?

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

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

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

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

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

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

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

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

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

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. Reserve Bank of India was nationalized on 26 January, 1950 2. The borrowing programme of the Government of India is handle

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

Which of the following statements is/are correct? 1. A Bill pending in the Lok Sabha lapses on its prorogation. 2. A Bill pending in the Rajya Sabha, which has

With reference to Union Government, consider the following statements: 1. The Ministries and Departments of the Government of India are created by the Prime Min

Which of the following is/are the function/functions of the Cabinet Secretariat? 1. Preparation of agenda for Cabinet Meetings 2. Secretariat assistance to Cabi

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

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

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. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2.

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

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

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

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: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States

Consider the following statements: 1. The President of India can summon a session of the Parliament at such a place as he/she thinks fit. 2. The Constitution of

Consider the following statements: 1. The Parliament cannot enlarge the jurisdiction of the Supreme Court of India as its jurisdiction is limited to that confer

With reference to ‘Financial Stability and Development Council’, consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Unio

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

Consider the following actions by the Government: 1. Cutting the tax rates 2. Increasing the government spending 3. Abolishing the subsidies in the co

In the context of governance, consider the following: 1. Encouraging Foreign Direct Investment inflows 2. Privatization of higher educational Institut

Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns:

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

Match List-I with List-II and select the correct answer using the codes given below the lists: | List-I (Term) | List-II (Explanation) | | :--- | :--

Assertion (A) : Fiscal deficit is greater than budgetary deficit. Reason (R) : Fiscal deficit is the borrowing from the Reserve Bank of India plus oth

Which of the following are among the non-plan expenditures of the Government of India? 1. Defence expenditure 2. Subsidies 3. All expenditures linked

With reference to the sectors of the Indian economy, consider the following pairs: | Economic activity | Sector | | :--- | :--- | | 1. Storage of agr