Question
With reference to the 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?
Correct Answer — C
Explanation
Per the official key both statements are treated as correct here — grants at the Union level do require Presidential recommendation, and the Finance Minister’s laying of the Budget is likewise credited as correct in this reading.