The correct answer is option 'B' - The President.

Explanation:
The Contingency Fund of India is established under Article 267 of the Indian Constitution. It is a fund set up solely for the purpose of meeting unforeseen expenditure of an urgent nature. Let's understand why the President has the right to control this fund.

1. Role of the President:
- According to the Indian Constitution, the President is the head of state and exercises executive powers.
- The President has the power to make all major appointments, sign bills into laws, and represent the country in international affairs.
- The President also has control over various funds and can exercise the power to distribute and allocate them appropriately.

2. Article 267 and the Contingency Fund of India:
- Article 267 of the Indian Constitution deals with the Contingency Fund of India.
- The Contingency Fund is a reserve fund set up by the government to meet any unforeseen expenses that may arise during the course of the year.
- The fund is maintained by the President, who has control over its operations and utilization.

3. Functions and Control of the Contingency Fund:
- The Contingency Fund is utilized for meeting urgent and unforeseen expenditure, which cannot be postponed until the regular budget is authorized.
- The President exercises control over this fund as he/she is responsible for authorizing the release of money from the Contingency Fund.
- The President has the authority to sanction withdrawals from the fund to meet any unforeseen expenditure that may arise.

4. Importance of Presidential Control:
- The President's control over the Contingency Fund ensures that urgent and unforeseen expenditures can be met promptly without going through the lengthy process of budget approval.
- This allows for flexibility in the allocation of funds and enables the government to respond quickly to unforeseen situations or emergencies.

In conclusion, the President of India has the right to control the Contingency Fund of India as described in Article 267 of the Indian Constitution. This control ensures that the fund can be utilized efficiently for meeting urgent and unforeseen expenditures.