Question

11) Which of the following bodies is not involved in the preparation of the budget?
a) Planning Commission
b) Comptroller and Auditor General
c) Finance Commission
d) Ministry of Finance
11-निम्नलिखित में से कौन बजट के निर्माण में सम्मिलित नहीं होता है?​

Answer 1

Answer:

a) Planning Commission.

Explanation:

Answer 2

b) Comptroller and Auditor General and c) Finance Commission

• Except Comptroller and Auditor General and Finance Commission all others are involved in preparation of budget.
• Comptroller and Auditor General is mentioned in our Constitution under article 148. The function of the CAG is to audit the receipt and expenditure of Union, States and UTs and other bodies. It is responsible for the purse of the government.
• NITI Ayog erstwhile Planning Commission is involved in budget as it helps in estimating the cost of government schemes, other plannings etc.
• Under article 280 Finance Commission is constituted by the President of India on every 5 years. The main purpose of this body is to suggest the allocation of revenue resources between Union and State Government. Recently 15th Finance Commission submitted its report.
• As Finance Commission is constituted on 5 years but budget is prepared for every year.
• Ministry of Finance along with NITI Ayog and other departments are involved during preparation of budget.

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