63. With reference to Indian Public Finance, consider the following statements:
1. Disbursements from Public Accounts of India are subject to the Vote of Parliament.
2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State.
3. Appropriations and disbursements under the Railway Budget are subject to the same form of parliamentary control as other appropriations and disbursements.
Which of the statement/s given above is/are correct?
63. With reference to Indian Public Finance, consider the following statements:
1. Disbursements from Public Accounts of India are subject to the Vote of Parliament.
2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State.
3. Appropriations and disbursements under the Railway Budget are subject to the same form of parliamentary control as other appropriations and disbursements.
Which of the statement/s given above is/are correct?
The correct option is B b) 2 and 3
Answer- b
Explanation: Disbursements from Public Accounts of India are not subject to the voting of Parliament. All other moneys (i.e. other than those entitled to consolidate fund of India) received by or on behalf of GOI shall be credited to the public account of India, ex: Pension Fund.
b) 2 and 3
Answer- b
Explanation: Disbursements from Public Accounts of India are not subject to the voting of Parliament. All other moneys (i.e. other than those entitled to consolidate fund of India) received by or on behalf of GOI shall be credited to the public account of India, ex: Pension Fund.
