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Match List-I with List-II and select the correct answer using the codes given below the lists. List-I a) Speaker b) Finance Minister c) Pr
Question

Match List-I with List-II and select the correct answer using the codes given below the lists.
List-I
a) Speaker
b) Finance Minister
c) President
d) C & AG
List-II
1. Fixes the time limit for discussion of demands
2. Examines the financial operation of the executive
3. Makes mention in Parliament about the annual financial statement
4. Participates in the formulation of Five Year Plan

A.

a-4, b-1, c-3, d-2

B.

a-4, b-1, c-2, d-3

C.

a-1, b-4, c-2, d-3

D.

a-1, b-4, c-3, d-2

Correct option is D

The correct answer is (d) a-1, b-4, c-3, d-2

Explanation:
• The Speaker of the Lok Sabha fixes the time limit for the discussion of demands for grants in consultation with the Business Advisory Committee.
• The Finance Minister is a member of the NITI Aayog (which replaced the Planning Commission) and participates in the formulation of Five Year Plans (historically).
• The President of India, under Article 112, causes the Annual Financial Statement (Budget) to be laid before both Houses of Parliament.
• The Comptroller and Auditor General (C&AG) examines the financial operations of the executive through auditing.

Information Booster:
Article 148 provides for an independent office of the C&AG of India.
• The Speaker has the final power to decide whether a bill is a Money Bill or not.

Additional Knowledge:
a-4, b-1, c-3, d-2 (Option d)
• 1 relates to Speaker's power of floor management.
• 4 relates to the Finance Minister's role in economic policy.
• 3 is the constitutional duty of the President.
• 2 is the primary audit function of the C&AG.

So the correct answer is (d)

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