With reference to Union Budget, consider the following statements : 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct ?
A
1 only
B
2 only
C
Both 1 and 2
Correct answer
D
Neither 1 nor 2
Explanation
Statement 2 is correct: Article 113(3) says no demand for a grant shall be made except on the recommendation of the President. UPSC's key also treats statement 1 as correct: under Article 112 the Annual Financial Statement is laid before both Houses every year, and it is the Union Finance Minister who presents it. So both statements are correct.
Public Finance & Taxation