Question

Consider the following about the bills concerning the budget:
1. The appropriation bill is concerned with the withdrawal from the Consolidated fund of India
2. The finance bill is concerned with the deposits into Consolidated fund of India.
Which of the above are correct?

• A.
  1 only
• B.
  2 only
• C.
  Both 1 and 2
• D.
  None of the above

Answer 1

The correct option is C

Both 1 and 2
An appropriation bill is a bill that authorizes the government to withdraw funds from the Consolidated Fund of India for use during the financial year.
A finance bill is used for deposits into Consolidated fund of India.