In India, the enactment of the budget in Parliament goes through the following five stages:
- 1. General discussion
- 2. Voting on demands
- 3. Introduction
- 4. Finance bill
- 5. Appropriation bill
Arrange the above in a sequential order.
- A3, 1, 2, 5, 4
- B1, 2, 3, 4, 5
- C3, 2, 1, 4, 5
- D3, 1, 2, 4, 5
Show answer and explanation
Correct answer: (a) 3, 1, 2, 5, 4
Explanation
The budget passes through Parliament in this order:
1. Presentation (introduction) of the budget (3);
2. General discussion (1);
3. scrutiny by the departmental committees;
4. Voting on the demands for grants (2);
5. passing of the Appropriation Bill (5);
6. passing of the Finance Bill (4).
So the sequence is 3, 1, 2, 5, 4. Under Article 114, no money can be withdrawn from the Consolidated Fund without an Appropriation Act, and the Finance Bill gives legal effect to the tax proposals.