Consider the following statements 1 The President causes to be laid before the Parliament the annual...........

Indian Polity Others

Consider the following statements.

1) The President causes to be laid before the Parliament the annual financial statement.

2) The President can make advances out of the contingency fund of India to meet any unforeseen expenditure.

3) The President can grant a Vote of Credit to the executive to meet unplanned expenditure in schemes approved by the Parliament.

Select the Solution using the codes below.

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

Statement 3: This is given by the parliament when the executive requires money for a cause that cannot immediately be clearly stated to the parliament.

Some other financial powers and functions of the President are:

Money bills can be introduced in the Parliament only with his prior recommendation.
No demand for a grant can be made except on his recommendation.
He can make advances out of the contingency fund of India to meet any unforeseen expenditure.
He constitutes a finance commission after every five years to recommend the distribution of revenues between the Centre and the states.

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