Question

15. Consider the following statements,

1] The ‘Annual Financial Statement’, laid before both the Houses of Parliament constitutes the Budget of the Union Government.

2] Article 265 provides that ‘no tax shall be levied or collected except by authority of law’

Which of the above statements is/are correct?

• A. a) 1 Only
• B. b) 2 Only
  
• C. c) Both 1 and 2
  
• D. d) Neither 1 nor 2

Answer 1

The correct option is C c) Both 1 and 2

Ans c)