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Which of the following are the methods of Parliamentary control over public finance in India?
1. Placing Annual Financial Statement before the Parliament
2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill
3. Provisions of supplementary grants and vote-on -account
4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office
5. Introducing Finance Bill in the Parliament
Select the correct answer using the codes given below:
[2012]
  • a)
    1, 2, 3 and 5 only
  • b)
    1, 2 and 4 only
  • c)
    3, 4 and 5 only
  • d)
    1, 2, 3, 4 and 5
Correct answer is option 'A'. Can you explain this answer?
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Which of the following are the methods of Parliamentary control over p...


Parliamentary Control over Public Finance in India:

Placing Annual Financial Statement before the Parliament:
- This is a key method where the government presents the Annual Financial Statement (Budget) before the Parliament for approval. It outlines the government's revenue and expenditure plans for the upcoming financial year.

Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill:
- The government cannot withdraw funds from the Consolidated Fund of India without the approval of the Parliament through the Appropriation Bill. This ensures that government spending is authorized by the Parliament.

Provisions of supplementary grants and vote-on-account:
- In case of unforeseen expenses or delays in passing the budget, supplementary grants can be provided by the Parliament. A vote-on-account allows the government to withdraw funds for a limited period before the budget is approved.

A periodic or mid-year review of the programme of the Government:
- A Parliamentary Budget Office conducts a review of the government's programmes against macroeconomic forecasts and expenditures. This helps in assessing the effectiveness of government spending and ensures transparency in financial management.

Introducing Finance Bill in the Parliament:
- The Finance Bill is introduced in the Parliament to give effect to the government's taxation proposals. It is an important tool for controlling public finance as it determines how revenue will be generated to meet government expenditure.

Overall, these methods of Parliamentary control over public finance in India ensure transparency, accountability, and effective management of government finances.
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Which of the following are the methods of Parliamentary control over p...
1. Placing Annual Financial Statement before the Parliament
2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill
3. Provisions of supplementary grants and vote-on-account
4. Introducing Finance Bill in the Parliament
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Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and vote-on -account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentSelect the correct answer using the codes given below:[2012]a)1, 2, 3 and 5 onlyb)1, 2 and 4 onlyc)3, 4 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'A'. Can you explain this answer?
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Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and vote-on -account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentSelect the correct answer using the codes given below:[2012]a)1, 2, 3 and 5 onlyb)1, 2 and 4 onlyc)3, 4 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'A'. 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 Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and vote-on -account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentSelect the correct answer using the codes given below:[2012]a)1, 2, 3 and 5 onlyb)1, 2 and 4 onlyc)3, 4 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are the methods of Parliamentary control over public finance in India?1. Placing Annual Financial Statement before the Parliament2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill3. Provisions of supplementary grants and vote-on -account4. A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office5. Introducing Finance Bill in the ParliamentSelect the correct answer using the codes given below:[2012]a)1, 2, 3 and 5 onlyb)1, 2 and 4 onlyc)3, 4 and 5 onlyd)1, 2, 3, 4 and 5Correct answer is option 'A'. Can you explain this answer?.
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