UPSC Prelims 2024 · Question 25 of 97
UPSC Prelims 2024 question on Union Budget Presentation
- ExamUPSC CSE
- Year2024
- PaperGeneral Studies Paper I
- SubjectPolity
- TopicFunds of Government of India
- DifficultyMedium
- TypeStatement
With reference to Union Budget, consider the following statements:
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India.
Which of the statements given above is/are correct?
Show answer
Answer: B. 2 only
Verdict
Only statement 2 is correct → Option (b) 2 only.
Statement by statement
Statement 1 – INCORRECT: Article 112 of the Indian Constitution says that every year 'the President of India shall cause to be laid before both the houses of the parliament' the 'Annual Financial Statement'. The Union Finance Minister presents the budget on behalf of the President — NOT on behalf of the Prime Minister.
Statement 2 – CORRECT: Article 113(3) prescribes that no demand for grants can be presented in the Lok Sabha without the President of India's prior approval.