Consider the following statements about Indian Parliament-1- No Money Bill can be introduced except on the recommendation of the President-2- The Indian Constitution provides for the establishment of only 2 funds i-e- Consolidated Fund and Contingency Fund-3- While members of the Rajya Sabha are associated with Committees on Public Accounts and Public Undertakings- members of Committee on Estimates are drawn entirely from Lok Sabha-Which of the above statements is-are correct-

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Standard IX

Civics

Bicameral Legislature

Consider the ...

Question

Consider the following statements about Indian Parliament:
Which of the above statement(s) is/are correct?

Only 1 and 2

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Only 1 and 3

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Only 2 and 3

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All of the above

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Solution

The correct option is B Only 1 and 3
Classification of Government Accounting in India For a specific treatment of government accounts in India. The constitution of India has clearly provided for three funds or accounts:

The Consolidated Fund of India [Article 266(1)]

The Public Account [Article 266(2)]

The Contingency Fund of India [Article 267(1)]

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Consider the following statements about Indian Parliament: Which of the above statement(s) is/are correct?

Consider the following statements about Indian Parliament:
Which of the above statement(s) is/are correct?