Consider the following statements:
1. Any bill which, if enacted and brought into operation, would involve expenditure from the consolidated fund of India, needs prior recommendation from President before its consideration by house
2. President of India has power to order advances from Contingency Fund of India to meet unforeseen expenditure pending its authorization by the Parliament
Which among the above statements is / are correct?
This question is a part of GKToday's Integrated IAS General Studies Module