Identify the correct sequence of the procedure in respect of the Money Bill :

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Q: 117 (CAPF/2010)
Identify the correct sequence of the procedure in respect of the Money Bill :

question_subject: 

Polity

question_exam: 

CAPF

stats: 

0,34,76,38,26,34,12

keywords: 

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The correct sequence of the procedure in respect of the Money Bill is as follows:

1. Voting of grants: This is the first step in the process. The government presents the budget, including the demands for grants, to the Parliament. Members of Parliament vote on these grants, which are essentially the requests for funds by various departments and ministries.

2. Cut motions: After the voting of grants, the next step is the consideration of cut motions. Cut motions are proposed by Members of Parliament to reduce the amount of grant proposed by the government. This allows for scrutiny and debate on specific items in the budget.

3. Vote on accounts: The third step in the process is the vote on account. This is a separate provision that allows the government to withdraw funds for its expenses in the next financial year, before the budget is fully passed. This is done to ensure the smooth functioning of the government even before the entire budget is approved.

4. Appropriation bill: The final step in the process is the appropriation bill. This is a bill that formally authorizes the government to spend funds from the Consolidated Fund of India for specific purposes mentioned in the budget. The appropriation bill basically gives legal sanction to the grants that were approved in the voting of grants stage.

Therefore, the correct sequence