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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