wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Q. The money from the Consolidated Fund of India can be withdrawn by which of the following?

A
Money bill
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Finance act
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Appropriation Act
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
President’s ordinance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.

flag
Suggest Corrections
thumbs-up
8
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Government funds
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon