Which one of the following financial powers of the State Council of Ministers has been wrongly liste...........

Indian Polity Others

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Which one of the following financial powers of the State Council of Ministers has been wrongly listed?

It formulates the budget proposals and presents the same to the State Legislature for approval

All proposals for taxation emanate from the Council of Ministers

It regulates the Contingency Fund of the State and can advance money out of it to meet the unforeseen contingencies

None of the above

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Explanation:

The Council of Ministers can issue an ordinance through the state Governor. The budget of the states is prepared by the Council of Ministers. The Money Bills can only be introduced by theory ministers. There are the ministers who propose imposition of taxes or suggest reduction or abolition of taxes.