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Daily GS Foundation MCQs - SthaapnaIAS Previous Year QuestionsIndian Polity Previous Year QuestionsStaapana - March 2019Sthaapana - March 2019 - Week 2

IAS Previous Year Indian Polity Questions – Lecture – 13 – STHAAPNA Series

Sthapna - Static MCQs for GS - Subject - indian polity 13

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With reference to the Union Government, consider the following statements: (2015)

1.The Department of Revenue is responsible for the preparation of Union Budget that is presented to the Parliament.

2.No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.

3.All the disbursements made from Public Account also need the authorization from the Parliament of India.

Which of the statements given above is/are correct?

(a) 1 and 2 only

(b) 2 and 3 only

(c) 2 only

(d) 1, 2 and 3

 

Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament? (2010)

(a) Department of Revenue

(b) Department of Economic Affairs

(c) Department of Financial Services

(d) Department of Expenditure

 

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the (2011)

(a) Contingency Fund of India

(b) Public Account

(c) Consolidated Fund of India

(d) Deposits and Advances Fund

 

The authorization for the withdrawal of funds from the Consolidated Fund of India must come from (2011)

(a) The President of India

(b) The Parliament of India

(c) The Prime Minister of India

(d) The Union Finance Minister

 

What is the difference between vote-on-account and interim budget? (2011)

1.The provision of a vote-on-account is used by a regular Government, while an interim budget is a provision used by a caretaker Government.

2.A vote-on-account only deals with the expenditure in Government‘s budget, while an interim budget includes both expenditure and receipts.

Which of the statements given above is/are correct?

(a) 1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

 

When the annual Union Budget is not passed by the Lok Sabha: (2011)

(a) The Budget is modified and presented again

(b) The Budget is referred to the Rajya Sabha for suggestions

(c) The Union Finance Minister is asked to resign

(d) The Prime Minister submits the resignation of Council of Ministers

 

With reference to Indian Parliament, which one of the following is not correct? (2004)

a)The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted into law

b)No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act

c)Finance Bill is required for proposing new taxes but no other Bill/Act is required for making changes in the rates of taxes which are already under operation

No Money Bill can be introduced except on the recommendation of the President

 

Which of the following are the methods of Parliamentary control over public finance in India? (2012)

1.Placing Annual Financial Statement before the Parliament

2.Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill

3.Provisions of supplementary grants and vote-on-account

4.A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office.

5.Introducing Finance Bill in the Parliament

Select the correct answer using the codes given below :

(a)1, 2, 3 and 5 only

(b)1, 2 and 4 only

(c)3, 4 and 5 only

(d)1, 2, 3, 4 and 5

 

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