With reference to the Indian Parliament, consider the following statements:
1. Parliament has the authority to formulate laws for the entire nation or any specific region within it.
2. No crucial bill can be presented in Parliament without obtaining the cabinet's prior approval.
3. The Parliament exercises control over taxation and regulates how the government utilizes public funds.
Which of the statements given above are correct?

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Accepted Answer

Statement 1 is correct because Parliament is the supreme lawmaking body and can legislate for the whole country or any part of it. Statement 2 is correct because the Cabinet decides the objective and timing of key bills; hence, no major government bill is introduced without its approval. Statement 3 is correct as the Parliament holds the power of the purse in a democracy. It regulates taxation and monitors the government's expenditure to prevent the misuse of public funds.

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