Which of the following are the methods of Parliamentary control over public finance in India? 1) Placing Annual Financial Statement before the Parliament 2) Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill 3) Provisions of supplementary grants and vote-on-account 4) A periodic or at least a mid-year review of programme of the Government against macroeconomic forecasts and expenditure by a Parliamentary Budget Office 5) Introducing Finance Bill in the Parliament Select the correct answer using the codes given below:

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CollectorBabu · Accepted Answer

Correct Answer: 1, 2, 3 and 5 only. As per the constitution of India, statements 1, 2, 3 and 5 are correct. Statement 4 is also correct as programme of Government against macroeconomic forecasts and expenditure is not Parliamentary Budget Office that is as per provisions of Fiscal Responsibility and Budget Management. This act requires that review in trend of receipts and expenditure to be undertaken in relation to the budget on a quarterly basis.

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