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Q. A Finance Bill is one which

  • (A) authorises expenditure on the Contingency Fund of India
  • (B) is introduced every year to give effect to the financial proposals of the Union Government for the succeeding financial year
  • (C) authorises expenditure out of the Consolidated Fund of India
  • (D) outlines the state of economy of the nation presented to Parliament by the Union Finance Minister on the eve of presentation of the annual Budget
  • Correct Answer - Option(B)
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