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?

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UPSC Question: With reference to Union Budget, consider the following state...

With reference to Union Budget, consider the following statements:

The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
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?