SSC Indian Polity and Civics Sample Paper NCERT Sample Paper-6

  • question_answer
    The Financial powers of the President of India are

    A)  He is responsible for the preparation of the Union Budget and causes it to be laid before the Parliament

    B)  He appoints the Chairman & members of the Finance Commission

    C)  No Money Bill can be introduced /without his prior approval

    D)  All of these

    Correct Answer: D

    Solution :

    [d] The financial powers and functions of the President are:
    [a] Money bills can be introduced in the Parliament only with his prior recommendation.
    [b] He causes to be laid before the Parliament the annual financial statement (i.e. the Union Budget).
    [c] No demand for a grant can be made except on his recommendation.
    [d] He can make advances out of the contingency fund of India to meet any unforeseen expenditure.
    (e) He constitutes a finance commission after every five years to recommend the distribution of revenues between the Centre and the states.

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