Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and votean-account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentQ.Select the correct answer using the codes given below:a)1, 2, 3 andamp; 5 Onlyb)1, 2 andamp; 4 onlyc)3, 4 andamp; 5 Onlyd)1, 2, 3 , 4 andamp; 5 OnlyCorrect answer is option 'A'. Can you explain this answer?

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Which of the following are the methods of Parliamentary control over public finance in India?
1. Placing Annual Financial Statement before the Parliament
2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill
3. Provisions of supplementary grants and votean-account
4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office
5. Introducing Finance Bill in the Parliament
Q. Select the correct answer using the codes given below:

a)
1, 2, 3 & 5 Only
b)
1, 2 & 4 only
c)
3, 4 & 5 Only
d)
1, 2, 3 , 4 & 5 Only

Correct answer is option 'A'. Can you explain this answer?

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Which of the following are the methods of Parliamentary control over p...

Parliamentary control over Public Corporation:

In the State establishing the Corporations it is often provided that their annual reports should be submitted to the Government of India giving an account of the activities and then laid before both the Houses of Parliament.
Under the Insurance Corporation Act, 1956, besides the auditor’s report and annual report, the report of the actuaries containing the result of an investigation made by the actuaries into the financial condition of the business of the Corporation should also be so laid.
The Parliamentary control over the function of the statutory corporations is confined to broad featured criticism and day to day functioning is outside the purview of such control. The member’s right to ask questions about the public undertakings and general debates especially the budget debate provide the occasions for such criticism.
The Estimates Committee of the House of the People has often been making suggestions with a view to proper working to the Damodar Valley Corporation and the Oil and Natural Gas Commission and other Corporations.
A Committee of the Parliamentary Congress party under the chairmanship of Shri V.K. Krishna Menon has also gone into the matter and made certain recommendations. Amongst other things it has suggested the appointment of a Committee of the Lok Sabha for exercise of continuous broad supervision.
The Committee has made recommendations with a view to make Parliament’s control “real and gainful” by watching the functioning of the Corporations.
It is difficult to say exactly how this Committee shall work in such a manner that it makes the Parliamentary supervision “real and gainful” and at the same time not provide an instrument of interference into the normal working of the Corporations.

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Which of the following are the methods of Parliamentary control over p...

B) 1, 2, 3, 4, 5

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Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and vote-on -account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentSelect the correct answer using the codes given below:[2012]

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Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and votean-account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentQ.Select the correct answer using the codes given below:a)1, 2, 3 & 5 Onlyb)1, 2 & 4 onlyc)3, 4 & 5 Onlyd)1, 2, 3 , 4 & 5 OnlyCorrect answer is option 'A'. Can you explain this answer?

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