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UPSC Prelims 2024 Paper-I 📅 16 Jun, 2024

With reference to Union Budget, consider the following statements:
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
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
C
Both 1 and 2
D
Neither 1 nor 2
Result Summary
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UPSC Prelims
2024 • 16 Jun, 2024 • Paper-I
With reference to Union Budget, consider the following statements:
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
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?
Correct Answer
2 only
Economy: Government Budgeting.Context: Annual Financial Statement.Details: Statement 1 is incorrect because Article 112 states that the President shall cause th......
Ref/Book : UPSC Prelims 2024
Ref. Subject Economy
Chapter -
Ref. Topic Government Budgeting
Pg. No -
💡 Analysis & Explanation
Economy ▼
Government Budgeting.
Context ▼
Annual Financial Statement.
Details ▼
Statement 1 is incorrect because Article 112 states that the President shall cause the Annual Financial Statement to be laid before both Houses of Parliament. The Finance Minister does not do it 'on behalf of the Prime Minister'. Statement 2 is correct; under Article 113, no demand for a grant shall be made except on the recommendation of the President.
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