Which of the following are the methods of Parliamentary control over the public finance in India 1 n...........

Indian Polity Indian Parliament

Which of the following are the methods of Parliamentary control over the public finance in India?

1) Placing Annual Financial statement before the Parliament.

2 ) Withdrawal of money from consolidated fund of India only after passing the appropriation bill.

3) Provisions of supplementary grants and vote-on-account.

4) A periodic or at least a mid-year review of programme of the government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office.

5) Introducing Financial Bill in the Parliament

Code

1,2,3 and 5

1,2 and 4

3, 4 and 5

All of these

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Explanation:

3rd option is incorrect.
Financial Powers and Functions of Parliament:
a) No tax can be levied or collected and no expenditure can be incurred by the Executive except under the authority and with the approval of Parliament.
b) Budgetary control, that is, control before the appropriation of grants through the enactment of the budget; and
c) Post-budgetary control, that is, control after the appropriation of grants through the three financial committees