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UPSC 2024 · Q85 · Indian Polity › Public Finance & Finance Commission · Save

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 ?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Answer: (c) Both 1 and 2