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Q: As per Article 112(1) of the Constitution of India, who among the following is assigned with the responsibility to ensure that the 'annual statement of expenditure' is laid before both the Houses of Parliament?
  • A. Prime Minister
  • B. Vice President
  • C. Speaker of the Lok Sabha
  • D. President
Correct Answer: Option D - According to Article 112 (1) of the Constitution of India, the President shall in respect of every financial year cause to be laid before both the House of Parliament a statement of the estimated receipts and expenditure of the government of India for that year. This part is referred as the Annual Financial Statement. The President also has control over India's Contingency Fund.
D. According to Article 112 (1) of the Constitution of India, the President shall in respect of every financial year cause to be laid before both the House of Parliament a statement of the estimated receipts and expenditure of the government of India for that year. This part is referred as the Annual Financial Statement. The President also has control over India's Contingency Fund.

Explanations:

According to Article 112 (1) of the Constitution of India, the President shall in respect of every financial year cause to be laid before both the House of Parliament a statement of the estimated receipts and expenditure of the government of India for that year. This part is referred as the Annual Financial Statement. The President also has control over India's Contingency Fund.