economics medium True/False

The Consolidated Fund of India, established under Article 266(1) of the Constitution, can be appropriated or drawn upon by the government without the need for specific parliamentary authorization or passing of an appropriation bill.

  1. True
  2. False

Answer: False

Article 266(1) forms the bedrock of parliamentary financial control. It explicitly states that no money can be withdrawn from the Consolidated Fund of India except under appropriation made by law. Therefore, the executive cannot spend a single rupee without the prior approval and legislative sanction of the Parliament via an Appropriation Act.

Topic Indian Economy - Budgeting
Exam Relevance UPSC Prelims, SSC CGL
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