Which of the following are introduced in the Parliament in the process of passing the budget 1 Finan...........

Economic Affairs Tax System

Which of the following are introduced in the Parliament in the process of passing the budget?

1. Finance Bill

2. Appropriation Bill

3. Demand of Grants

4. Vote on Account

Select the correct answer using the code given below.

1 and 2 only

1, 3 and 4 only

2, 3 and 4 only

1, 2, 3 and 4

All of them are introduced in the Parliament in the process of passing the budget.

1:Vote on account is introduced to give government money to run it's affairs till the budget is passed.

2:Demand of grants is introduced by each ministry indicating amount of money required for different components.

3:Appropriation bill is introduced to allow the government to take money out of consolidated fund of India.

4:Finance bill is introduced for alteration, regulation and imposition of taxes.

Submit Error