Change set

Pick exam & year, then Go.

Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q36 (IAS/2011) Polity & Governance › Parliament › Budgetary process Parliament Answer Verified

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

Result
Your answer: —  Â·  Correct: B

Explanation

According to Article 266(3) of the Constitution of India, no money can be appropriated out of the Consolidated Fund of India except in accordance with law [3]. The pivot of parliamentary control over the financial system is this fund, which acts as the reservoir for all government revenues and loans [3]. The legal authorization for withdrawal is granted through the enactment of the Appropriation Bill, which must be passed by the Parliament and subsequently receive the President's assent to become an Act [2]. This legislative process ensures that the Executive cannot spend public money without the express sanction of the Parliament [3]. While the President's assent is the final step in the legislative process, the substantive 'authorization' or 'legalization' of payments is a function of the Parliament's power of the purse [2].

Sources

  1. [3] Introduction to the Constitution of India, D. D. Basu (26th ed.). > Chapter 12: The Union Legislature > p. 259
  2. [1] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Stages in Enactment > p. 254
  3. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Stages in Enactment > p. 254
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
76%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

IAS · 2015 · Q60 Relevance score: 6.01

With reference to the Union Government, consider the following statements : 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 No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India. 3.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?

CDS-I · 2005 · Q94 Relevance score: 4.68

Which one of the following statements is not correct ?

IAS · 2012 · Q60 Relevance score: 2.35

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

  1. Placing Annual Financial Statement before the Parliament
  2. Withdrawal of moneys from Consolidated Fund of India
  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. Introduction of Finance Bill in the Parliament

Select the correct answer using the codes given below:

CDS-I · 2003 · Q31 Relevance score: 0.78

The expenditure which is charged on the Consolidated Fund of India

IAS · 2002 · Q80 Relevance score: 0.46

Which one of the following authorities recommends the principles governing the grants-in-aid of the revenues to the states out of the Consolidated Fund of India?