With reference to Union Budget, consider the following statements : 1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Stat

Question

With reference to Union Budget, consider the following statements :
1. The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
2. At the Union level, no demand for a grant can be made except on the recommendation of the President of India.

Which of the statements given above is/are correct ?

Accepted Answer

(C) Both 1 and 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(D) Neither 1 nor 2