GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The authorisation for the withdrawal of funds form the Consolidated fund of India must come form
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the President of India
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the Parliament of India
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The Prime Minister of India
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the Union Finance Minister
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Explanation:
Detailed explanation-1: -After the Demands for Grants are voted by the Lok Sabha, Parliament’s approval to the withdrawal from the Consolidated Fund of the amounts so voted and of the amount required to meet the expenditure charged on the Consolidated Fund is sought through the Appropriation Bill.
Detailed explanation-2: -The fund is held by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and it can be operated by executive action. The Contingency Fund of India exists for disasters and related unforeseen expenditures.
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