gs1medium

With reference to the Union Government, consider the following statements.

  1. 1.The Department of Revenue is responsible for the preparation of the Union Budget that is presented to the Parliament.
  2. 2.No amount can be withdrawn from the Consolidated Fund of India without the authorization of the Parliament of India.
  3. 3.All the disbursements made from Public Account also need Authorization from the Parliament of India.

Which of the statements given above is/are correct?

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.2 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: C. 2 only

Withdrawals from the Consolidated Fund of India, which represents the government's most important revenues and borrowings, require parliamentary appropriation. This ensures legislative oversight over significant public spending. Disbursements from the Public Account, however, typically pertain to funds held by the government in trust or on behalf of specific entities, and while subject to audit, do not generally require a separate parliamentary vote for each transaction.

Source: UPSC gs1 2015

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