Which of the following statement about ldquo Demand for Grants rdquo is are incorrect 1 According to...........

Indian Political System(RAS) Union - Executive, Legisture

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Which of the following statement about “Demand for Grants” is/are incorrect?

1. According to Article 113 of the Indian Constitution, estimates of expenditure from the Consolidated Fund of India in

the Annual financial Statement are to be voted in the Lok Sabha in the form of Demand for Grants.

2. One Demand for Grant is presented in respect of one Ministry or Department, though more than one Demand may also

be presented according to the nature of expenditure.

3. The demand for grants includes provisions with respect to revenue expenditure, capital expenditure, grants

to State and Union Territory governments together with loans and advances.

Choose the answer from codes given below

2 only

3 only

1 and 3 only

None of the above

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Explanation:

Explanation:
Demand for Grants is the form in which estimates of expenditure from the Consolidated Fund, included in the annual financial statement and required to be voted upon in the Lok Sabha, and are submitted in pursuance of Article 113 of the Constitution. Each Demand gives the totals of “voted” and “charged” expenditure and also the grand total of the amount of expenditure for which the demand is presented. The demand for grants includes provisions with respect to revenue expenditure, capital expenditure, grants to State and Union Territory governments together with loans and advances. Generally, one demand for grant is presented in respect of each ministry or department. However, for large ministries and departments, more than one demand is presented.