📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Match and select the correct answer: List I

      (Article)                    List II (Function)   A. Article 112                    1.      Borrowing by States subject to Union consent   B. Article 266(2)                2.      Annual Financial Statement laid before Parliament   C. Article 293                     3.      GST Council for cooperative fiscal decision-making   D. Article 279A                  4.      Public Account holding funds in trust  
      A A–2, B–4, C–1, D–3 Correct Answer Incorrect Answer
      B A–1, B–2, C–3, D–4 Correct Answer Incorrect Answer
      C A–3, B–4, C–2, D–1 Correct Answer Incorrect Answer
      D A–2, B–3, C–1, D–4 Correct Answer Incorrect Answer
      E A–4, B–2, C–1, D–3 Correct Answer Incorrect Answer

      Solution

      Article 112 deals with the Annual Financial Statement.  
      Article 266(2) governs the Public Account, where funds are held in trust.  
      Article 293 regulates state borrowing, requiring Union consent when states owe the Centre.  
      Article 279A establishes the GST Council.

      Practice Next
      More Financial Management Questions
      ask-question