Question

UPSC Prelims 2024 Question:

The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.

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?

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

Answer (Detailed Solution Below)

Option 2: 2 only

Detailed Solution

Explanation:

As per Article 112 of the Constitution of India, for every financial year, the President shall cause to be laid before both Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year which would be referred to as annual financial statement. The Union Finance Minister on behalf of the President of India lays the Annual Financial Statement before both the Houses of Parliament. So, statement 1 is not correct.
As per Article 113, no demand for a grant shall be made except on the recommendation of the President of India. So, statement 2 is correct.

Therefore, option (2) is the correct answer.

Subject: Polity | Parliament

Latest UPSC Exam 2026 Updates

Last updated on Sep, 2026

→ UPSC 2027 Notification will be released on 13 January 2027 at upsconline.nic.in.

Tags: Conceptual factual UPSC Prelims 2024 UPSC Prelims 2024 Question

Prafulla Vats

Prafulla Vats is an experienced SEO and content strategist with over 4 years of expertise in driving organic growth across education and service niches. He specializes in crafting data-driven content strategies that help students and professionals access accurate, well-researched information. Through his work, he focuses on improving visibility, engagement, and trust through high-quality, SEO-optimized content.