With reference to Union Budget, consider the following statements: 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament. 2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India. Which of the statements given above is/are correct?

Options

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Correct Answer

2 only

Explanation

As per Article 113, no demand for a grant shall be made except on the recommendation of the President. The Finance Minister lays the statement on behalf of the Government, not on behalf of the Prime Minister.

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