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Regarding Parliament, consider the following statements:
1. Parliament is the final authority for making laws in any country.
2. Parliaments control all the money that governments have.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both of them
- d)Neither of them
Correct answer is option 'C'. Can you explain this answer?
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Regarding Parliament, consider the following statements:1. Parliament...
- In all democracies, an assembly of elected representatives exercises supreme political authority on behalf of the people. In India such a national assembly of elected representatives is called Parliament.
- Parliament is the final authority for making laws in any country. This task of law making or legislation is so crucial that these assemblies are called legislatures. Parliaments all over the world can make new laws, change existing laws, or abolish existing laws and make new ones in their place.
- Parliaments all over the world exercise some control over those who run the government. In some countries like India this control is direct and full. Those who run the government can take decisions only so long as they enjoy support of the Parliament. Parliaments control all the money that governments have.
Most Upvoted Answer
Regarding Parliament, consider the following statements:1. Parliament...
Parliament's Authority in Making Laws
The first statement, "Parliament is the final authority for making laws in any country," is correct. Parliament, as the legislative body, holds the primary authority to make laws in most democratic countries. It is responsible for enacting, amending, or repealing laws that govern the nation.
Parliament's Control Over Government Funds
The second statement, "Parliaments control all the money that governments have," is not entirely accurate. While parliaments play a crucial role in the budgetary process and have the power to authorize government spending, they do not possess complete control over all government funds. The allocation and management of government funds involve multiple stakeholders and institutions.
Parliament's Role in Budgetary Process
Parliaments play a vital role in the budgetary process, particularly in democratic countries with a system of checks and balances. Their key responsibilities include:
- Scrutinizing the Budget Proposal: Parliaments review the government's budget proposal to ensure it aligns with the needs and priorities of the country.
- Amending and Approving the Budget: Parliament has the power to propose amendments to the budget, including reallocating funds, increasing or reducing allocations, or rejecting specific budgetary measures. The final budget is approved through parliamentary voting.
- Oversight of Government Expenditure: Parliament monitors the implementation of the budget and ensures that government funds are spent appropriately and efficiently.
- Examining Audits and Reports: Parliament reviews audited financial statements and reports on government expenditure to hold the government accountable for its financial decisions.
- Questioning and Debating: Parliamentarians have the opportunity to question government officials, ministers, and the prime minister on budget-related matters, facilitating transparency and public scrutiny.
Other Stakeholders in Budgetary Control
While parliaments have significant influence over the budgetary process, other stakeholders also play a role in controlling government funds:
- Executive Branch: The executive branch, led by the government, prepares the budget proposal, manages day-to-day spending, and executes budgetary decisions.
- Central Bank: The central bank, independent of parliament, plays a role in monetary policy, including regulating the money supply, interest rates, and managing foreign exchange reserves.
- Auditors and Audit Institutions: Independent auditors and audit institutions provide objective assessments of financial transactions, ensuring accountability and transparency in government spending.
- Judiciary: The judiciary acts as a check on the executive and legislative branches, ensuring adherence to the law, including financial regulations and constitutional provisions related to budgetary matters.
In conclusion, while parliament is indeed the final authority for making laws in most countries, its control over government funds is shared with other stakeholders involved in the budgetary process.
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Regarding Parliament, consider the following statements:1. Parliament is the final authority for making laws in any country.2. Parliaments control all the money that governments have.Which of the statements given above is/are correct?a) 1 onlyb) 2 onlyc) Both of themd) Neither of themCorrect answer is option 'C'. Can you explain this answer?
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