Annual Financial Statement
Annual Financial Statement is a Polity concept from the MPSC syllabus, tested in 2 past MPSC questions (2018, 2020). Below are those real questions with their correct answers and explanations.
📅 Today's Daily Challenge
Five fresh MPSC questions, the same for everyone today — free, no signup.
Asked in
Real questions that test this
खालीलपैकी कोणती विधाने बरोबर आहेत ? Which of the following statements are correct ?
(a)संसद कर वाढवू शकते. Parliament can increase a tax.
(b)संसद कर कमी करू शकत नाही. Parliament cannot reduce a tax.
(c)संसद कर रद्द करू शकते. Parliament can abolish a tax.
(d)संसद कर वाढवू शकत नाही. Parliament cannot increase a tax.
(e)संसद कर कमी करू शकते. Parliament can reduce a tax.
Under Indian financial procedure, Parliament can reduce or abolish a tax, but it cannot increase a tax because an increase in tax requires a recommendation from the President and can only be proposed by the government. Thus statements c and e (Parliament can abolish/reduce a tax) and d (cannot increase) are correct, making statements a and b wrong.
खालीलपैकी कोणते विधान/ने योग्य आहे/त? (a) राज्यघटनेचे अनुच्छेद-111 हे अर्थ विधेयकांच्या (money bills) व्याखेच्या संदर्भात आहे. (b) अनुच्छेद-117(3) खाली श्रेणीबद्ध झालेले वित्त विधेयक (financial bill) हे केवळ लोकसभेमध्येच मांडले जाऊ शकते. (c) अनुच्छेद-117(1) खाली श्रेणीबद्ध झालेले वित्त विधेयक (financial bill) राज्यसभा असमत अथवा दुरुस्त करू शकत नाही. Which of the following statements is/are correct? (a) Article-111 of the constitution deals with the definition of money bills. (b) A bill categorised as financial bill under Article-117(3) can be introduced only in the Lok Sabha. (c) A bill categorised as financial bill under Article-117(1) cannot be rejected or amended by the Rajya Sabha.
(a)राज्यघटनेचे अनुच्छेद-111 हे अर्थ विधेयकांच्या (money bills) व्याखेच्या संदर्भात आहे. / Article-111 of the constitution deals with the definition of money bills.
(b)अनुच्छेद-117(3) खाली श्रेणीबद्ध झालेले वित्त विधेयक (financial bill) हे केवळ लोकसभेमध्येच मांडले जाऊ शकते. / A bill categorised as financial bill under Article-117(3) can be introduced only in the Lok Sabha.
(c)अनुच्छेद-117(1) खाली श्रेणीबद्ध झालेले वित्त विधेयक (financial bill) राज्यसभा असमत अथवा दुरुस्त करू शकत नाही. / A bill categorised as financial bill under Article-117(1) cannot be rejected or amended by the Rajya Sabha.
Article 111 deals with assent to bills passed by Parliament, not the definition of money bills (which is Article 110). Article 117(3) bills can be introduced in either house, and Article 117(1) financial bills can be amended or rejected by the Rajya Sabha, making none of the statements correct.