Q. The money from the Consolidated Fund of India can be withdrawn by which of the following?
A
Money bill
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B
Finance act
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C
Appropriation Act
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D
President’s ordinance
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Solution
The correct option is C Appropriation Act Explanation:
The Appropriation Bill gives power to the government to withdraw funds from the Consolidated Fund of India for meeting the expenditure during the financial year.
As per article 114 of the Constitution, the government can withdraw money from the Consolidated Fund only after receiving approval from Parliament.
The Appropriation Bill is introduced in the Lok Sabha after discussions on Budget proposals and Voting on Demand for Grants.
The defeat of an Appropriation Bill in a parliamentary vote would lead to the resignation of a government or a general election.