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The financial powers and functions of the President are:
1. Money bills can be introduced in the Parliament only with his prior recommendation.
2. He causes to be laid before the Parliament the annual financial statement
3. No demand for a grant can be made except on his recommendation.
4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.
Which of these statements is/are correct?
- a)1, 2 and 4 only
- b)1, 3 and 4 only
- c)1, 2 and 3 only
- d)All of them
Correct answer is option 'C'. Can you explain this answer?
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The financial powers and functions of the President are:1. Money bills...
Power in respect of Bill
1) When both the houses pass the Bill by the majority and send the Bill to the President of India for his assent, he can give his assent or withhold his assent and sent back the bill to the houses. But is both the houses pass the bill without any change, it will become obligatory to the President of India to give his assent. In case of a simple bill, he can keep it with himself without accepting or rejecting it for an unlimited period of time. This power of president is known as a pocket veto.
Further as per Article 200, In some cases, the Bills presented to the Governor by the State Legislature may be reserved by the Governor for the consideration of the president if that bill is not money bill of the State legislature. The President can accept it or tell the Governor to send it back for reconsideration or he may direct him to not send it back.
2) No money Bill can be introduced without the prior permission of the President of India. As indicated by the Constitution of India, the Annual Financial Statement is set by the President before both the Houses of Parliament.
3) Article 113 prescribes that no demand for grants can be presented in the Lok Sabha without the President of India's prior approval. Under Articles 117 and 274 of the Indian Constitution, a Presidential recommendation is also required for tabling a Money Bill in the Lok Sabha.
4)Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled the Contingency Fund of India into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the President to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by Parliament by law under Article 115 or Article 116
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The financial powers and functions of the President are:1. Money bills...
The 4th option says that president can make advances out of the 'consolidated fund of India' and not the contingency fund of India. That is why the 4th option is wrong.
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The financial powers and functions of the President are:1. Money bills...
The financial powers and functions of the President of India are as follows:
1. Money bills can be introduced in the Parliament only with his prior recommendation: The President has the power to recommend the introduction of money bills in the Parliament. This means that any bill related to taxation or government expenditure can only be introduced in the Parliament if the President gives his approval.
2. He causes to be laid before the Parliament the annual financial statement: The President is required to present the annual financial statement, which is also known as the Union Budget, to the Parliament. This statement outlines the government's revenue and expenditure for the coming year.
3. No demand for a grant can be made except on his recommendation: The President has the power to recommend grants for the government's expenses. No demand for a grant can be made without his approval.
4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure: The President has the power to make advances from the consolidated fund of India in case of any unforeseen expenditure. This fund is used to meet the day-to-day expenses of the government.
Therefore, the correct option is C - 1, 2, and 3 only.
1. Money bills can be introduced in the Parliament only with his prior recommendation: The President has the power to recommend the introduction of money bills in the Parliament. This means that any bill related to taxation or government expenditure can only be introduced in the Parliament if the President gives his approval.
2. He causes to be laid before the Parliament the annual financial statement: The President is required to present the annual financial statement, which is also known as the Union Budget, to the Parliament. This statement outlines the government's revenue and expenditure for the coming year.
3. No demand for a grant can be made except on his recommendation: The President has the power to recommend grants for the government's expenses. No demand for a grant can be made without his approval.
4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure: The President has the power to make advances from the consolidated fund of India in case of any unforeseen expenditure. This fund is used to meet the day-to-day expenses of the government.
Therefore, the correct option is C - 1, 2, and 3 only.
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The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect answer is option 'C'. Can you explain this answer?
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The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect 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 The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect 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 The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect answer is option 'C'. Can you explain this answer?.
The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect 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 The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect 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 The financial powers and functions of the President are:1. Money bills can be introduced in the Parliament only with his prior recommendation.2. He causes to be laid before the Parliament the annual financial statement3. No demand for a grant can be made except on his recommendation.4. He can make advances out of the consolidated fund of India to meet any unforeseen expenditure.Which of these statements is/are correct?a)1, 2 and 4 onlyb)1, 3 and 4 onlyc)1, 2 and 3 onlyd)All of themCorrect answer is option 'C'. Can you explain this answer?.
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