Indian Polity · Polity
Consider the following statements regarding legislative control over public finances: I. The budget is considered the most important instrument of legislative control over public finances. II. The Appropriation Bill authorizes the withdrawal of funds from the Consolidated Fund. III. The Finance Bill is a financial legislation that primarily deals with taxation proposals. IV. The executive possesses the authority to spend or collect public money without needing parliamentary consent. Choose the correct statements from the options given below:
- 1I, III and IV Only
- 2I, II and III Only✓
- 3II, III and IV Only
- 4I, II and IV Only
Correct answer
I, II and III Only
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