Q13
Who in respect of every financial year cause to be laid before both the Houses of Parliament, a statement of the estimated receipts and expenditure of the Government of India for the year, which is known as "annual financial statement"?
A.
President
B.
Prime Minister
C.
Finance Minister
AnswerD.
Speakerof the House
Answer: Option C
Solution
Answer: Option C
Solution:
The correct answer is C: Finance Minister.Let's break down why:
The question asks who presents the "annual financial statement" (also known as the budget) to Parliament.
* The President (Option A): The President is the head of state, but doesn't directly handle financial matters like the budget presentation.
The president role is more ceremonial and supervisory.
* The Prime Minister (Option B): The Prime Minister is the head of the government but, while influential, the direct responsibility of presenting the budget lies with the Finance Minister.
The Prime Minister oversees the general functioning.
* The Finance Minister (Option C): The Finance Minister is specifically responsible for managing the country's finances. This includes preparing and presenting the annual budget (the "annual financial statement") to Parliament.
* The Speaker of the House (Option D): The Speaker presides over the proceedings of the Lok Sabha (the Lower House of Parliament) and maintains order.
They do not present the budget.
Therefore, the Finance Minister is the one who lays the annual financial statement before both Houses of Parliament.