{"id":39319,"date":"2024-04-25T11:35:42","date_gmt":"2024-04-25T11:35:42","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=39319"},"modified":"2024-04-27T15:45:17","modified_gmt":"2024-04-27T15:45:17","slug":"upsc-prelims-2015-question-60","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/upsc-prelims-2015-question-60\/","title":{"rendered":"UPSC Prelims 2015 &#8211; Question 60"},"content":{"rendered":"\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69ff4e651a90e\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ff4e651a90e\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-2015-question-60\/#60With_reference_to_the_Union_Government_consider_the_following_statements\" title=\"60.With reference to the Union Government, consider the following statements:\">60.With reference to the Union Government, consider the following statements:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-2015-question-60\/#The_correct_answer_is%E2%80%AF2_only\" title=\"The correct answer is\u202f2 only.&nbsp;\">The correct answer is\u202f2 only.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-2015-question-60\/#Additional_Points\" title=\"Additional Points&nbsp;\">Additional Points&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/upsc-prelims-2015-question-60\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"60With_reference_to_the_Union_Government_consider_the_following_statements\"><\/span>60.With reference to the Union Government, consider<br>the following statements:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li>The Department of Revenue is responsible for the preparation of Union Budget that is presented to the Parliament.<\/li><li>No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.<\/li><li>All the disbursements made from Public Account also need the authorization from the Parliament of India.<\/li><\/ol>\n\n\n\n<ul class=\"wp-block-list\"><li>Which of the statements given above is\/are correct?<ul><li>a) 1 and 2 only<\/li><li>b) 2 and 3 only<\/li><li>c) 2 only<\/li><li>d) 1, 2 and 3 <\/li><\/ul><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_correct_answer_is%E2%80%AF2_only\"><\/span>The correct answer is\u202f<strong>2 only<\/strong><strong>.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>The budget (Annual Financial Statement) is prepared by the Department of Economic Affairs. Hence<\/strong>, <strong>Statement 1 is Not Correct<\/strong>.&nbsp;<\/li><li>Provident fund deposits, savings bank deposits, remittances etc are credited to the Public Account.&nbsp;<\/li><li>The Public Account is operated by executive action i.e. payment from this account can be made without Parliamentary appropriation. <strong>Hence<\/strong>, <strong>Statement 3 is Not Correct<\/strong>.&nbsp;<\/li><li>The Constitution of India provides for the following three kinds of funds for the Central government:&nbsp;<\/li><li>Consolidated Fund of India (Article 266)&nbsp;<ul><li>Public Account of India (Article 266)&nbsp;<\/li><li>Contingency Fund of India (Article 267)&nbsp;<\/li><\/ul><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Additional_Points\"><\/span><strong>Additional Points<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Consolidated Fund of India<\/strong>&nbsp;<ul><li>This is a fund to which all receipts are credited and all payments are debited.\u202f&nbsp;<\/li><li><strong>No money out of this fund can be appropriated (issued or drawn) except by parliamentary law.<\/strong> <strong>Hence, Statement 2 is correct.<\/strong>&nbsp;<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Public Account of India<\/strong>&nbsp;<ul><li>All other public money (other than those which are credited to the\u202fConsolidated Fund of India) received by or on behalf of the Government of India shall be credited to the Public Account of India.&nbsp;<\/li><li>It is operated by executive action, that is, the payments from this account can be made without parliamentary appropriation.&nbsp;<\/li><li>Such payments are mostly like banking transactions.&nbsp;<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Contingency Fund of India<\/strong>&nbsp;<ul><li>It is placed at the disposal of the president, and he can make advances out of it to meet unforeseen expenditures pending its authorisation by the Parliament.&nbsp;<\/li><li>It is held by the finance secretary on behalf of the President. Like the public account of India, it is also operated by executive action.&nbsp;<\/li><\/ul><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688\" width=\"781\" height=\"182\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-bb45b0fd-1a05-41f3-b612-a33956926bb2\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"block-75590eaa-0d97-47dd-af08-4197eca32071\">For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p id=\"block-84f37a24-a0b9-45f5-a576-7f01fceef408\">For Daily Updates and Study Material:<\/p>\n\n\n\n<p id=\"block-1a00cb3c-7f24-47eb-a3e7-be4f52aa5a99\">Join our Telegram Channel \u2013&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-373a105a-169d-4070-af17-cb64c4690a68\"><li>1. Learn through Videos \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter \u2013 Get all your Current Affairs Covered \u2013&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. 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No amount can&hellip;<\/p>\n","protected":false},"author":22,"featured_media":39369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[4,164],"tags":[142,213,140],"class_list":["post-39319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","category-prelims","tag-previous_year_questions","tag-upsc-notes","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/39319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=39319"}],"version-history":[{"count":3,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/39319\/revisions"}],"predecessor-version":[{"id":40013,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/39319\/revisions\/40013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/39369"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=39319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=39319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=39319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}