Which of the following are the methods of Parliamentary control over public finance in India? 1. Placing Annual Financial Statement before the Parliament 2. Withdrawal of moneys from Consolidated Fund of India only after passing the Appropriation Bill 3. Provisions of supplementary grants and vote-on-account 4. A periodic or at least a mid-year review of programme of the Government, against macroeconomic forecasts and expenditure by a Parliamentary Budget Office 5. Introducing Finance Bill in the Parliament Select the correct answer using the codes given below:

1. Statement 1 is correct. Article 112 of the Constitution mandates the Government to place the Annual Financial Statement (Budget) before both Houses of Parliament. This initiates the process of financial scrutiny and control. 2. Statement 2 is correct. Article 114(3) stipulates that no money shall be withdrawn from the Consolidated Fund of India except under appropriation made by law passed in accordance with the provisions of this article. Passing the Appropriation Bill grants legal authority for the Government to incur expenditure, thus ensuring Parliamentary control. 3. Statement 3 is correct. Provisions for supplementary grants (Article 115) and vote-on-account (Article 116) also require Parliamentary approval. This ensures that any additional expenditure or temporary funding needs are authorized by Parliament. 4. Statement 4 is incorrect. While Parliamentary Committees review government expenditure, India did not have a dedicated, independent Parliamentary Budget Office conducting systematic periodic or mid-year reviews of government programmes against macroeconomic forecasts as a standard mechanism of control in 2012. Scrutiny is largely done by existing committees like PAC, Estimates Committee, etc., often ex-post facto or based on the budget documents themselves. 5. Statement 5 is correct. The Finance Bill, introduced annually, contains the Government's proposals for taxation. Its passage by Parliament is essential for the Government to levy taxes, representing a key control over the revenue aspect of public finance.