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The money accruing from the sale of “National Savings Certificates” goes to which account of the Government of India? 
  • a)
    Contingency Fund of India 
  • b)
    Public Account of India 
  • c)
    Consolidated Fund of India 
  • d)
    Prime Minister National Relief Fund
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The money accruing from the sale of “National Savings Certificat...
National Savings Certificates, popularly known as NSC, is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savings system of Indian Postal Service (India Post).
Public Account of India accounts for flows for those transactions where the government is merely acting as a banker.
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The money accruing from the sale of “National Savings Certificates” goes to which account of the Government of India?a)Contingency Fund of Indiab)Public Account of Indiac)Consolidated Fund of Indiad)Prime Minister National Relief FundCorrect answer is option 'B'. Can you explain this answer?
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