Question

Who of the following shall cause every recommendation made by the Finance Commission to be laid before each House of Parliament?
1. The President of India
2. The Speaker of Lok Sabha 
3. The Prime Minister of India
4. The Union Finance Minister

Answer 1

Correct Answer - Option 1 : The President of India

The correct answer is The President of India.

• Powers and Functions of the President of India:
  • The powers of the President of India include:-
  1. Executive powers 
  2. Legislative powers
  3. Financial powers
  4. Judicial powers
  5. Diplomatic powers
  6. Military powers
  7. Emergency powers
  • In terms of the Financial aspects, the President of India has the following powers and functions:
    • The Money bills require his recommendation before they can be introduced in Parliament.
    • The President of India causes to be laid before the Parliament the annual financial statement also called the Union Budget.
    • Also, the President of India shall cause every recommendation made by the Finance Commission to be laid before each House of Parliament.
    • He has the power of making advances out of the contingency fund of India to meet any unforeseen expenditure.
    • The President of India a Finance Commission for a period of five years to recommend the distribution of revenues between the Centre and the states.

• Some Important Powers and Functions of:
  • The Speaker of Lok Sabha:
    • The Speaker of Lok Sabha is the highest official of the Lower House of the Parliament and has the power of deciding whether a bill is a Money Bill or not.
    • He has the responsibility of maintaining discipline in the house and the various motions and resolutions that are moved in the house, require his prior permissions.
  • The Prime Minister of India:
    • He gives recommendations to the President for the appointment or dismissal of ministers as he is the communicating link between the President and the council of ministers.
    • The meetings of the council of ministers are presided over by him and he influences the decisions.
    • He has the responsibility of announcing the government policies on the floor of the House.
  • The Union Finance Minister:
    • He has the responsibility of making the fiscal policies of the nation and presenting the annual Union Budget in the Parliament.