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• Budget as a political instrument;
• Parliamentary control of public expenditure;
• Role of finance ministry in monetary and fiscal area;
• Accounting techniques; Audit; Role of Controller General of Accounts and Comptroller and Auditor General of India;

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1. Question hour is a torch light turned on towards the public exchequer. Explain with the help of suitable examples.                          10 marks (150 words)

2. Parliamentary control over public expenditure is a myth; here nothing happens except a temporary criticism in the parliament. Comment;