Mention two powers each held by this person of with reference to the following: (a) Financial power
Answers
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A financial power of attorney grants a trusted agent (also called an attorney-in-fact) the authority to act on behalf of the principal (the person granting authority) in financial matters.
Answer:
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Explanation:
Financial Powers
It is the responsibility of the Cabinet Ministers to look after the expenditure of the Government.
The Finance Minister of the Cabinet prepares the annual budget which contains the estimated incomes for the ensuing year and also has the power to introduce the money bill with the consent of the President.
It is the responsibility of each cabinet ministers to see that the proposals of his ministry are approved in the house.
The Cabinet and the administrative departments take the initiative of preparing, defending and presenting the bill in the Parliament.
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