Question

Identify the correct sequence of passing a Budget in the Parliament ____________________________.

• A. Vote on Account- Finance Bill- Appropriation Bill- Discussion on Budget
• B. Finance Bill- Appropriation Bill- Discussion on Budget- Vote on Accounts
• C. Discussion on Budget- Vote on Account- Finance Bill- Appropriation Bill
• D. Discussion on Budget- Appropriation Bill- Finance Bill- Vote on Account

Answer 1

The correct option is D Discussion on Budget- Appropriation Bill- Finance Bill- Vote on Account

The Annual Financial Statement, popularly known as the Budget, has immense economic influence over the Indian economy. The following are the stages that the bill has to go through:

1) General Discussion.

2) Voting on demand for grants.

3) Passing of appropriation Bill

4) Passing of Finance Bill.

5) Vote on Account