Question

24. 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 No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India.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 the Authorization from the Parliament of India.
Which of the above statement(s) is/are correct?

• A. Only 1 and 2
• B. Only 2 and 3
• C. Only 2
• D. All of the above

Answer 1

The correct option is C Only 2

For preparing the budget to be presented in Parliament, Department of Economic Affairs is responsible for preparation of Union Budget and not the Revenue Department. Since the Budget division is part of Economic Affairs, so Finance Secretary will coordinate for designing and implementation of Budget process. It is noted that past authorization is needed in order to withdraw any amount from Consolidated Fund of India. Indian Public Account can be operated by executive action where there will be no authorization needed from Parliament