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With reference to the Union Government consider the following statements:
1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament
2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.
3. All the disbursements made from Public Account also need the Authorization from the Parliament of India
Which of the following statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    2 only
  • d)
    1, 2, and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Union Government consider the following statemen...
Department of Economic Affairs prepares the Budget.
Public Accounts includes provident fund deposits, judicial deposits, savings bank deposits, departmental deposits, remittances and so on. This account is operated by executive action, that is, the payments from this account can by made without parliamentary appropriation. Such payments are mostly in the nature of banking transactions. So only second statement is correct. 
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Most Upvoted Answer
With reference to the Union Government consider the following statemen...
The Union Government is responsible for the administration of the country and has various departments and agencies to carry out its functions. Here are the explanations for the given statements:

1. Department of Revenue and Union Budget:
The Department of Revenue is a part of the Ministry of Finance and is responsible for the collection of revenue for the government. It also prepares the Union Budget that is presented to the parliament by the Finance Minister. The Union Budget is a statement of the estimated receipts and expenditure of the government for a financial year. It includes revenue receipts, capital receipts, revenue expenditure, and capital expenditure.

2. Consolidated Fund of India:
The Consolidated Fund of India is a fund maintained by the government into which all revenues received by the government and all loans raised by the government are credited. No amount can be withdrawn from this fund without the authorization of Parliament of India. This ensures that the government is accountable to the people and the money is spent in a transparent manner.

3. Public Account and Authorization from Parliament:
The Public Account is another fund maintained by the government that includes all transactions that do not belong to the Consolidated Fund of India. All disbursements made from this fund also need the authorization from the Parliament of India. This ensures that the government is accountable for all its transactions and the money is spent in a responsible manner.

Therefore, statement 2 is correct as it emphasizes the importance of parliamentary authorization for withdrawal of funds from the Consolidated Fund of India. Statement 3 is also correct as it highlights the need for parliamentary authorization for disbursements made from the Public Account. Statement 1 is incorrect as the Department of Revenue is responsible for the preparation of the Union Budget, but it is presented to the parliament by the Finance Minister. Hence, the correct answer is option C (2 only).
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With reference to the Union Government consider the following statements:1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.3.All the disbursements made from Public Account also need the Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1, 2, and 3Correct answer is option 'C'. Can you explain this answer?
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With reference to the Union Government consider the following statements:1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.3.All the disbursements made from Public Account also need the Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1, 2, and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Union Government consider the following statements:1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.3.All the disbursements made from Public Account also need the Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1, 2, and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Union Government consider the following statements:1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.3.All the disbursements made from Public Account also need the Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1, 2, and 3Correct answer is option 'C'. Can you explain this answer?.
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