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With reference to the Union Government considers 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 No amount can be withdrawn from the Consolidated Fund of India without the authorization of the Parliament of India.
3. All the disbursements made from Public Account also need Authorization from the Parliament of India
Which of the following 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 considers the following statem...
The constitution establishes three types of funds – Consolidated Fund of India; Public Account; Contingency Fund. Prior authorization is required for withdrawing from Consolidated Fund of India. For Contingency fund of India, withdrawal can be authorized by the Parliament afterwards too. For Public Account, no such authorization is needed.
Assessing the revenues from different central taxes is the primary function of the Department of Revenue and the expenditure estimates for the current and the next year for various expenditure heads are assessed by the Department of Expenditure. The Department of Expenditure also assesses the resources of the public sector undertakings (PSUs). The Budget division is a part of the Department of Economic Affairs. The Finance Secretary coordinates the overall Budget-making process
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With reference to the Union Government considers 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 No amount can be withdrawn from the Consolidated Fund of India without the authorization of the Parliament of India.3. All the disbursements made from Public Account also need Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct? (2015)a) 1 and 2 only b) 2 and 3 only c) 2 only d) 1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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With reference to the Union Government considers 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 the Parliament of India.3. All the disbursements made from Public Account also need Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct? (2015)a) 1 and 2 only b) 2 and 3 only c) 2 only d) 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 considers 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 the Parliament of India.3. All the disbursements made from Public Account also need Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct? (2015)a) 1 and 2 only b) 2 and 3 only c) 2 only d) 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 considers 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 the Parliament of India.3. All the disbursements made from Public Account also need Authorization from the Parliament of IndiaWhich of the following statements given above is/are correct? (2015)a) 1 and 2 only b) 2 and 3 only c) 2 only d) 1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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