CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Financial Powers of the Parliament

Which among t...

Question

Which among the following institutions is considered the 'Custodian of Public Funds'?

A

Finance Commission

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Council of Ministers

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Parliament

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Supreme Court

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Parliament
The Parliament of India determines how public money is spent on various matters. The Annual Budget passed by the Parliament is an estimate of income and expenditure of the Union Government. Hence, the Parliament is considered the ‘Custodian of Public Funds’.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which institution is called as the 'Custodian and Guardian of Fundamental Rights in India'?

Q. Who of the following is considered as the custodian of Lok Sabha _______________.

Q. Who among the following is the custodian of confidential information?

Q. Which one of the following financial institutions shall not be regarded as Public financial institutions as per section

2 (72)

of Companies Act

2013

?

Q. 'X' is one of the institutions constituted to prevent corruption in the bureaucracy and government. It has the power to register cases against public workers on charges of corruption. It can conduct an enquiry and investigate the actions of Union Ministers and Members of Parliament.

Identify 'X'.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Powers of the Parliament

CIVICS

Watch in App

explore_more_icon

Explore more

Financial Powers of the Parliament

Standard X Civics

Join BYJU'S Learning Program

CrossIcon