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UPSC 2004: With reference to Indian Public Finance, consider the following statements: 1. Disbursements from Public Accounts of India are subject to the Vote of Parliament. 2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State. 3. Appropriations and disbursements under the Railway Budget are subject to the same form of Parliamentary control as other appropriations and disbursements. Which of these statements given above are correct?
(a)1 and 2
(b)2 and 3
(c)1 and 3
(d)1, 2 and 3
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Not attemptedCorrect Answer: (b) 2 and 3
1 is incorrect because payments from the Public Account are made by executive action and are not voted on by Parliament. 2 is correct—Articles 266 & 267 provide for a Consolidated Fund, Public Account and Contingency Fund for every state. 3 is correct—Railway Budget appropriations require the same parliamentary appropriation acts as other expenditures. Hence only statements 2 and 3 are correct. ([coa.delhi.gov.in](https://coa.delhi.gov.in/pao/chapter-1?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2004 Indian Economy question?▼
The correct answer is option (b): 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2004, GS Paper 1, as Question 1. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Fiscal Policy & Budget?▼
UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.