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: B