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Question
Who among the following has the final right to sanction the expenditure of public money in India ?
Who among the following has the final right to sanction the expenditure of public money in India ?
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Solution
The correct option is A The President
According to the Constitution of India, the Annual Financial Statement is placed by the President before both the Houses of Parliament. This statement shows the estimates of revenue and expenditure of the central Government for the next year.It may be pointed out that the proposal for taxation and expenditure cannot be made without the approval of the President.
According to the Constitution of India, the Annual Financial Statement is placed by the President before both the Houses of Parliament. This statement shows the estimates of revenue and expenditure of the central Government for the next year.
It may be pointed out that the proposal for taxation and expenditure cannot be made without the approval of the President.
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