By: D.K Chaudhary
Q.1 If the annual union budget is not passed by the Lok Sabha? (I.A.S 2011)
(A) The budget is modified and presented again.
(B) The budget is referred to the Rajya Sabha for suggestions.
(C) The Union finance minister submits the resignation of council of ministers.
(D) The prime minister submits the resignation of council of ministers.
|If the annual union budget is not passed by the Lok Sabha, the prime minister submits the resignation of council of ministers. If the annual union budget is not passed in the Lok Sabha then it would mean that the government has lost majority in the Lok Sabha.|
Q.2 Under which of the following taxes the total amount payable by an individual is limited by the constitution? (UP. PCS 2004)
(A) Corporation Tax (B) Estate Duty
(C) Succession Duty (D) Tax on profession, trade, and callings.
|Article 276(2) of the constitution specifies that the total amount payable in respect of any person to the state or to authority in the state, district board, local board of other local authority in the state by way of taxed on professions, trades, callings and employments shall not exceed two thousand and five hundred rupees (Rs. 2500) per annum after 60th Amendment, 1998 in place of Rs. 250.|
Q.3 Economic survey is presented in parliament every year? (UP. PCS 2004)
(A) Before presentation of the budget for the coming year.
(B) After presentation the budget for the coming year.
(C) After presentation of finance bill.
(D) And has no relation with presentation of the budget.
|The economic survey is presented in the parliament every year before the presentation of the budget for the coming year. Economic survey contains the progress, activities and fiscal details of various sectors of the economy for the current year.|
Q.4 Votes on account permits union government to? (UP.PCS 2004)
(A) Go for public loan.
(B) Borrow money from the reserve bank of India.
(C) Give grant—in—aid to states.
(D) Withdraw money from the consolidated fund of India for specific period.
|Article 116 of the Indian constitution states that incase the appropriation bill is not passed and the union government requires withdrawal of money, it can through vote on account have the power to authorize by law the withdrawal of money from the consolidated fund of India.|
Q.5 Votes on account in the parliament is necessary? (UP. Lower Sub. 2008)
(A) When Government expenditure is more than government revenue.
(B) For financing big projects in which huge amount of money is required.
(C) When regular budget is not expected to be passed in time.
(D) None of the Above.
|See the explanation of above question.|
Q.6 Estimates of expenditure are submitted to the parliament of India in the from of? (Jharkhand PCS 2013)
(A) Ad hoc fund. (B) Excess Grants.
(C) Supplementary Grants (D) Demands for Grants
|According to the Article 113 (2), the estimated of expenditure included in the budget are required to be voted by the Lok Sabha in the form of Demands for grants. The Lok Sabha has the right either to pass the grant or reject the grant of permit the grant after reducing the amount.
Q.7 Which one of the following statements is correct regarding submission of money bill? (UP.UDA./ LDA 2006)
(A) The finance bill is presented in Rajya Sabha.
(B) It can presented in either House of parliament.
(C) It cannot be presented in Lok Sabha.
(D) It is presented in Lok Sabha.
|The UPPSC has written finance bill in its Hindi version question paper, however English version question paper has the term money bill. Son in this question, commission’s intention is money bill not the finance bill. Special procedure has been adopted in respect of money bills in Article 109 of the constitution. Article 109(1) state that the money bill cannot be presented in Rajya Sabha. So money bill is only presented in Lok Sabha.|
Q.8 The finance Bill of Indian Government is presented in? (MP. PCS 2010)
(A) Upper House (B) Legislative Assembly
(C) Legislative Council (D) Lower House
|According to article 117(1) A Bill or amendment making provision for any of the matters specified in sub clause (a) to (f) of clause (1) of Article 110 shall not be introduced except on the recommendation of the president and a bill making such provision shall not be introduced in the council of states.|
Q. 9 The stages in the normal financial legislation include–? (UP. PCS 2010)
- Presentation of the budget.
- Discussion on the budget.
- Passing of appropriation bill.
- Vote on account.
- Passing of the finance bill.
Select the correct answer from the code given below:
(A) 1, 2 and 3 (B) 1, 3 and 4
(C) 1, 2, 3 and 4 (D) 1, 2, 3 and 5
|Presentation of the Budget, discussion on the budget, passing of appropriation bill and passing of the financial bill are the stages of the normal financial legislation, while the vote on account, vote on credit and exception of grants (Art. 116) is not included in the financial legislation.|
Q.10 Prior sanction of the president of India is required before introducing a bill in the parliament on? (UP. PCS 2005)
- Formation of a new state.
- Affection taxation in which states are interested.
- Altering the boundaries of the states.
- Money bill.
Considering the above statements, select the correct answer from the code given below:
(A) 1, 2 and 3 (B) 2, 3 and 4
(C) 1, 2 and 4 (D) All of the above.
|Prior sanction of the president of India is required before introducing bill in the parliament on all four matters.|