#1. The constitution of India contains certain provisions regarding enactment of budget, consider the following statements in this context. 1. The finance minister shall cause to be laid before both house of parliament, annual financial statement. 2. No demand for grant shall be made except on the recommendation of the president. 3. Parliament can reduce or abolish tax but cannot increase it. Which of the above statement is/are correct?
#2. Which of the following is not charged expenditure on consolidated fund of India?
#3. With reference to the enactment of budget, arrange in order of its presentation. 1. General discussion 2. Presentation of budget. 3. Scrutiny by departmental committees 4. Voting on demand for grants 5. Passing of appropriation bills. Select the correct answer using the codes given below.
#4. With reference to the budget which of the following is/are correctly matched. 1. Economy cut -----it reduces demand by specified amount. 2. Policy cut ----- the amount of demand is reduced by Rs100 3. Token cut------ the amount of demand is reduced to Re1 Select the correct answer using code given below.
#5. The appropriation Bill consists of : 1. The grants voted by the Lok Sabha. 2. The Expenditure changed on consolidated fund of India. 3. The Expenditure charged on contingency fund of India. Select the correct answer using the codes given below.