Question

A Finance Bill is a bill is _______________.

• A. which would authorise expenditure out of the Consolidated Fund of India
• B. to authorise expenditure out of the Contingency Fund of India
• C. introduced annually to give effect the financial proposals of the Union Government for the next financial year
• D. introduced annually to ratify the financial proposals of the Union Government adopted in the preceding financial year.

Answer 1

Answer: (C)

introduced annually to give effect the financial proposals of the Union Government for the next financial year

A finance bill is a bill introduced annually to give effect to the financial proposals of the union government for the next financial year.