In which year was the Estimates Committee constituted for the first time in India?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 1950
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The Estimates Committee constituted for the first time in India in 1950 on the recommendations of Finance Minister John Mathai.
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It is a parliamentary committee of Lok Sabha members for the purpose of scrutinising the functioning of government ministries and departments in terms of expenditure and utilisation of funds.
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It also suggests alternative policies in order to bring about efficiency and economy in administration.
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It also examines whether the finances are laid out within the limits of the policy implied in the estimates and also to suggest the form in which the estimates shall be presented to the Parliament.