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Unforeseen Government expenditures are met from this fund
- a)Consolidated Fund
- b)Contingency Fund
- c)Revenue Fund
- d)Public Account
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Unforeseen Government expenditures are met from this funda)Consolidate...
Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government.
This fund was constituted by the government under Article 267 of the Constitution of India. This fund is at the disposal of the President.
Any expenditure incurred from this fund requires a subsequent approval from the Parliament and the amount withdrawn is returned to the fund from the Consolidated Fund.
This fund was constituted by the government under Article 267 of the Constitution of India. This fund is at the disposal of the President.
Any expenditure incurred from this fund requires a subsequent approval from the Parliament and the amount withdrawn is returned to the fund from the Consolidated Fund.
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Most Upvoted Answer
Unforeseen Government expenditures are met from this funda)Consolidate...
B
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Unforeseen Government expenditures are met from this funda)Consolidated Fundb)Contingency Fundc)Revenue Fundd)Public AccountCorrect answer is option 'B'. Can you explain this answer?
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