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The Annual Financial Statement (Budget) is presented to Lok Sabha under Article ______, and demands for grants are voted by Lok Sabha only.
- 110
- 112
- 113
- 114
Answer: 112
Article 112: President causes Annual Financial Statement (Budget) to be laid before Parliament. Article 113: Demands for grants are voted by Lok Sabha only; Rajya Sabha can discuss but not vote. Article 114: Appropriation Bill authorizes expenditure from Consolidated Fund. This upholds 'no taxation without representation' principle.