OPSC OAS 2019 PrelimsPolityQuestion 9
Solved previous year question from the OPSC OAS/OCS 2019 Preliminary Examination (General Studies), with the official answer key and a detailed explanation.
Question
Which one of the following sets of bills is presented to the Parliament along with the budget ?
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Answer & Explanation
Correct answer: (C) Finance Bill and Appropriation Bill
When the Union Budget is presented to Parliament in India, it is accompanied by two essential bills:
Finance Bill
- Contains proposals for taxation changes
- Includes new taxes, tax rates modifications, and exemptions
- Requires Parliament’s approval for tax-related measures
Appropriation Bill
- Authorizes the government to withdraw money from the Consolidated Fund
- Provides legal authority to spend the allocated amounts
- Essential for government expenditure as per budget allocations
