Polity
2024
Union and State
Parliament Structure

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?

B.2 only
A.1 only
C.Both 1 and 2
D.Neither 1 nor 2

Correct Answer: Option B

Article 112 of the Indian Constitution mandates that the President of India shall cause the Annual Financial Statement to be laid before both houses of Parliament.

The Union Finance Minister presents the budget on behalf of the President, not the Prime Minister.

Hence, statement 1 is not correct.

Article 113 (3) specifies that no demand for grants can be presented in the Lok Sabha without the President of India's prior recommendation.

Hence, statement 2 is correct.

Therefore, only statement 2 is correct.