{"id":91298,"date":"2025-06-01T10:52:07","date_gmt":"2025-06-01T10:52:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91298"},"modified":"2025-06-01T10:52:07","modified_gmt":"2025-06-01T10:52:07","slug":"with-reference-to-the-union-government-consider-the-following-stateme","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/","title":{"rendered":"With reference to the Union Government, consider the following stateme"},"content":{"rendered":"<p>With reference to the Union Government, consider the following statements:<\/p>\n<ul>\n<li>1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to Parliament.<\/li>\n<li>2. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.<\/li>\n<li>3. All the disbursements made from Public Account also need the authorization from the Parliament of India.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 3 only&#8221; option3=&#8221;2 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2015<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2015.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2015\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct option is C.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nStatement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration.<br \/>\nStatement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure.<br \/>\nStatement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe Consolidated Fund of India is the main account where all revenues of the government are credited and major expenditures are debited. The Public Account is for funds where the government is merely a custodian. There is also a Contingency Fund (Article 267) for unforeseen expenditure, which is at the disposal of the President but needs subsequent parliamentary approval for replenishment.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to the Union Government, consider the following statements: 1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to Parliament. 2. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India. 3. All the disbursements made from Public &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to the Union Government, consider the following stateme\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/#more-91298\">Detailed Solution<span class=\"screen-reader-text\">With reference to the Union Government, consider the following stateme<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1443,1099,1111],"class_list":["post-91298","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1443","tag-indian-polity-and-governance","tag-the-parliament","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to the Union Government, consider the following stateme<\/title>\n<meta name=\"description\" content=\"The correct option is C. Statement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration. Statement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure. Statement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to the Union Government, consider the following stateme\" \/>\n<meta property=\"og:description\" content=\"The correct option is C. Statement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration. Statement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure. Statement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:52:07+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With reference to the Union Government, consider the following stateme","description":"The correct option is C. Statement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration. Statement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure. Statement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/","og_locale":"en_US","og_type":"article","og_title":"With reference to the Union Government, consider the following stateme","og_description":"The correct option is C. Statement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration. Statement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure. Statement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:52:07+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/","name":"With reference to the Union Government, consider the following stateme","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:52:07+00:00","dateModified":"2025-06-01T10:52:07+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The correct option is C. Statement 1 is incorrect. The Union Budget is prepared by the Budget Division under the Department of Economic Affairs in the Ministry of Finance, not the Department of Revenue. The Department of Revenue is mainly responsible for taxation policy and administration. Statement 2 is correct. Article 266(1) of the Constitution establishes the Consolidated Fund of India. No money can be withdrawn from this fund except under appropriation made by law passed by Parliament. This ensures parliamentary control over government expenditure. Statement 3 is incorrect. Article 266(2) deals with the Public Account of India, which holds funds like provident funds, small savings, etc., where the government acts as a banker. Disbursements from the Public Account do not require legislative authorization; they are made based on executive decisions and are repayable. Only transactions from the Consolidated Fund require parliamentary approval.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-the-union-government-consider-the-following-stateme\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"With reference to the Union Government, consider the following stateme"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91298"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91298\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}