With reference to Union Budget, consider the following statements :
- 1.The Union Finance Minister on behalf of the Prime Minister lays the Annual Financial Statement before both the Houses of Parliament.
- 2.At the Union level, no demand for a grant can be made except on the recommendation of the President of India.
Which of the statements given above is/are correct ?
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Answer: C. Both 1 and 2
Answer from the official UPSC key. A full explanation for this question is on its way.