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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 with drawn from the Consolidated Fund of India without the authorization from the Parliament of India.
3. All the disbursements made from Public Account also need the authorization from the Parliament of India.
Which of the statements given above is / are correct?
[2015]
  • 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?
Most Upvoted Answer
With reference to the Union Government, consider thefollowing statemen...
Department of Revenue and Union Budget

The Department of Revenue is responsible for the preparation of the Union Budget that is presented to the Parliament. This statement is correct. The Union Budget is a comprehensive document that outlines the government's revenue and expenditure for the upcoming financial year. The Department of Revenue is responsible for preparing the budget as it deals with all matters related to revenue, taxation, and fiscal policy.

Withdrawal from Consolidated Fund of India

No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India. This statement is also correct. The Consolidated Fund of India is the most important of the government accounts. All revenues received by the government, loans raised by it, and money received in repayment of loans are credited to the Consolidated Fund. No money can be withdrawn from this fund without the authorization of the Parliament.

Disbursements from Public Account

All disbursements made from the Public Account also need authorization from the Parliament of India. This statement is correct. The Public Account of India is one of the three accounts of the government. It is used to account for the transactions of the government relating to debt, deposits, and other transactions. All disbursements made from the Public Account require authorization from the Parliament.

Conclusion

From the above discussion, it is clear that statements 2 and 3 are correct, while statement 1 is incorrect. The Department of Revenue is responsible for the preparation of the Union Budget, but it is not the only department involved in the process. Other departments, such as the Ministry of Finance, also play a crucial role in the preparation of the budget.
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Community Answer
With reference to the Union Government, consider thefollowing statemen...
The department of economic affairs under the ministry of finance is responsible for the preparation of union Budget that is presented to the parliament.
• Consolidated fund of India is a fund to which all receipts are credited and all payments are debited.
• No money can be appropriated (issued or drawn) out of the consolidated fund of India without the authorization from the parliament of India.
Public account of India is operated by executive action, that is, the payments from this account can be made without parliamentary appropriation. Such payments are mostly in the nature of banking transactions.
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With reference to the Union Government, consider thefollowing statements :1. The Department of Revenue is responsible for thepreparation of Union Budget that is presented to the Parliament.2. No amount can be with drawn from the ConsolidatedFund of India without the authorization from theParliament of India.3. All the disbursements made from Public Account alsoneed the authorization from the Parliament of India.Which of the statements given above is / are correct?[2015]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 thefollowing statements :1. The Department of Revenue is responsible for thepreparation of Union Budget that is presented to the Parliament.2. No amount can be with drawn from the ConsolidatedFund of India without the authorization from theParliament of India.3. All the disbursements made from Public Account alsoneed the authorization from the Parliament of India.Which of the statements given above is / are correct?[2015]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 thefollowing statements :1. The Department of Revenue is responsible for thepreparation of Union Budget that is presented to the Parliament.2. No amount can be with drawn from the ConsolidatedFund of India without the authorization from theParliament of India.3. All the disbursements made from Public Account alsoneed the authorization from the Parliament of India.Which of the statements given above is / are correct?[2015]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 thefollowing statements :1. The Department of Revenue is responsible for thepreparation of Union Budget that is presented to the Parliament.2. No amount can be with drawn from the ConsolidatedFund of India without the authorization from theParliament of India.3. All the disbursements made from Public Account alsoneed the authorization from the Parliament of India.Which of the statements given above is / are correct?[2015]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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