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 ?

1. A

   1 only

   1 only. The paper also keys statement 2.

2. B

   2 only

   2 only. The paper also keys statement 1.

3. C

   Both 1 and 2

   Both 1 and 2. Annual Financial Statement laid by the Finance Minister; no demand except on the President’s recommendation.

4. D

   Neither 1 nor 2

   Neither. Both statements are keyed on this paper.

Summary. Official key is (c) both. On this paper both statements are treated as correct. Statement 2 is Article 113(3): no demand for a grant except on the recommendation of the President. Statement 1 is keyed as the Union Finance Minister laying the Annual Financial Statement before both Houses.