With reference to the financial powers of the President of India, consider the following statements: 1. Money bills can be introduced in the Parliament only with the prior recommendation of the President. 2. The President lays the Union Budget before the Parliament. 3. The President can make grants to states without parliamentary approval. Which of the statements given above are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 only

[C] 1 and 3 only

[D] 1, 2 and 3 only

Answer: A

Notes:

Explanation:

A Money Bill can be introduced in the Lok Sabha only with the prior recommendation of the President (Article 110).
The President causes the annual financial statement (Union Budget) to be laid before Parliament (Article 112). It is presented by the Union finance minister on behalf of the President.
The President cannot make grants without parliamentary approval. No demand for a grant can be made except on the President’s recommendation, and such grants must be passed by Parliament.

Source: Laxmikant

Subscribe to get the latest posts sent to your email.