Once the demands for grants and expenditure of different departments are passed by the Parliament, a bill to draw money from Consolidated Fund India for these purposes is introduced. This bill is called:

Related MCQs

• Grants or advances made by the House to enable the government to carry on until the voting of the demands for grants and passing of the General Appropriation Bill is called:
• Funds belonging to Government of India are kept in: 1. Consolidated Fund of India 2. Public Account Fund of India 3. Contingency Fund of India
• The annual financial statement shows the receipts and payments of the government under the 3 parts in which government accounts are kept in : 1. Consolidated Fund 2. Contingency Fund 3. Public Account Which of the following items are covered under the Public Account?
• A National Development Fund was created by the Govt. of India a few years ago. What was the purpose of the fund? [Punjab & Sindh Bank 2011] (A) Boost investment in· social sector projects to promote education, healthcare and employment. (B) Capital investments in selected profitable PSEs to yield adequate returns (C) To fund revision in pay structure of central Govt. employees.
• Which of the following expenses do not require the sanction of Parliament? I. Salary and allowances of the President and CAG II. Debt charges of the Government III. Defence expenditure IV. Maintenance expenditure of embassies
• On account of some national emergency or in order to carry out some secret mission, the government sometimes requires funds but may not give the details of the expenditure estimates. The House grants some lumpsum for this called :
• The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of the following item or items is/are not covered under the revenue budget? I. Different proceeds of taxes and other duties levied by the government II. Interest and dividend on investments made by the government III. Expenditure on running the government and various services IV. Market loans raised by the government
• Which of the following statements regarding the iron and steel plants at Bhilai, Rourkela and Durgapur are correct? [CDS 1992] 1. These plants were established in public sector during the Second Five Year Plan 2. These are located in the steel raw material belt 3. These were established with the help from Britain, Soviet Union and West Germany respectively
• Self-reliance in the economic context implies that a country: 1. meets its demands for all goods and services from its domestic production 2. exports some of its goods but does not need to import anything 3. has sufficient foreign exchange reserves to buy all its needs 4. meets its demand for certain vital goods and services from its domestic production
• Consider the following statements: [IAS 2004] 1. Reserve Bank of India was nationalized on 26 January, 1950 2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance Which of the statements given above is/are correct?