Which one of the following is the correct sequence of different stages a budget has to go through in the Parliament ? 1. Presentation of the Budget 2. Scrutiny by Departmental Committees 3. Passing of Finance Bill 4. Passing of Appropriation Bill Select the .correct answer using the code given below :

The enactment of the budget in the Indian Parliament follows a specific sequence of six stages. The process begins with the Presentation of the Budget by the Finance Minister [2]. This is followed by a general discussion, after which the House adjourns for a period to allow for Scrutiny by Departmental Committees (Standing Committees) [1]. These committees examine the demands for grants in detail. Once the committees submit their reports, the Lok Sabha proceeds to voting on demands for grants. Subsequently, the Passing of the Appropriation Bill takes place to authorize the withdrawal of funds from the Consolidated Fund of India [2]. The final stage is the Passing of the Finance Bill, which legalizes the income or taxation side of the budget [2]. Therefore, the correct sequence is 1-2-4-3.

Sources

1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > Stages in Enactment > p. 252
2. [2] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 23: Parliament > Stages in Enactment > p. 252