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Question

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 No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.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?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3

Answer:

C

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Explanation:

Statement 1 is incorrect. The Department of Economic Affairs, under the Ministry of Finance, is responsible for the preparation of the Union Budget, not the Department of Revenue.

Statement 2 is correct. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India. The Consolidated Fund of India is the primary fund of the government, and all government revenues and expenditures are accounted for in this fund.

Statement 3 is incorrect. Disbursements made from the Public Account do not require authorization from the Parliament of India. The Public Account is a separate account used for specific purposes such as the collection of debt, provident funds, and other public transactions that are not part of the Consolidated Fund.

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