The annual financial statement is laid before the two Houses of Parliament in accordance with:
Article 74
Article 112
Article 268
Article 370
Option : (B)
15. Consider the following statements,
1] The ‘Annual Financial Statement’, laid before both the Houses of Parliament constitutes the Budget of the Union Government.
2] Article 265 provides that ‘no tax shall be levied or collected except by authority of law’
Which of the above statements is/are correct?
Q. With reference to the Annual Financial Statement under Article 112, which of the following statements is/are correct?
Select the correct answer using the code given below: