UPSC CSE Prelims
Question 20
Which of the following are the methods of Parliamentary control over public finance in India?
- Placing Annual Financial Statement before the Parliament
- Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill
- Provisions of supplementary grants and vote-on-account
- A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office
- Introducing Finance Bill in the Parliament
Select the correct answer using the codes given below:
View correct answer and explanation
Correct answer: A
Correct Option: A
Explanation: Parliament controls public finance through budget presentation, authorisation of spending, interim/additional grants and tax legislation.
Statement/Item-wise Analysis:
1: Correct - The Annual Financial Statement is laid before Parliament under Article 112.
2: Correct - Appropriation authorisation is required before drawing money from the Consolidated Fund.
3: Correct - Supplementary grants and votes on account are parliamentary budgetary controls.
4: Incorrect - The proposed Parliamentary Budget Office review was not an established statutory control mechanism.
5: Correct - Finance Bills place revenue/tax measures before Parliament.
Option-wise Analysis:
A: Correct - includes exactly the valid statements/items and excludes the invalid ones.
B: Incorrect - includes incorrect item 4; omits correct items 3, 5.
C: Incorrect - includes incorrect item 4; omits correct items 1, 2.
D: Incorrect - includes incorrect item 4.