GyanGramWith reference to the Union Government consider the following statements. 1. The Department of Revenue is res…
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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 No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.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?
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• Correct Answer: C
• Article 114(3) mandates that no withdrawal from the Consolidated Fund of India is permissible without Parliamentary authorization via Appropriation Act.
• Department of Economic Affairs prepares the Union Budget, not Revenue.
• Public Account disbursements are executive transactions (provident funds, small savings) not requiring parliamentary sanction.
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