Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — 2 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: Under Article 112(1) of the Constitution, the President causes to be laid before both Houses of Parliament the Annual Financial Statement. The Finance Minister presents it on behalf of the President of India, not the Prime Minister.
Statement 2 is correct: Under Article 113(3) of the Constitution, no demand for a grant shall be made except on the recommendation of the President of India.
(Note: In the official answer key, UPSC accepted option C, but conceptually as per constitutional text, statement 2 is strictly correct).
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