According to Pitt's Act, the members of the Board of Control were paid from _______.

The Consolidated Fund of England

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Indian Revenues

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Funds Voted by Parliament

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The revenues of Princely States

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Solution

The correct option is A Indian Revenues
Pitt's India Act, was an Act of the Parliament of Great Britain intended to address the shortcomings of the Regulating Act of 1773. With the Act, the East India Company's political functions were separated from its commercial functions. It set up a board of control in Britain through which the British government could fully control the company’s civil, military and revenue affairs in India. All members of the Board of Control were to be paid their salaries from the Indian revenues and not out of the British Exchequer.

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Similar questions

With reference to Indian Public Finance, consider the following statements
1. Disbursements from Public Accounts of India are subject to the Vote of Parliament.
2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State.
3. Appropriations and disbursements under the Railway Budget were subject to the same form of parliamentary control as other appropriations and disbursements.
Which of the above statement(s) is/are correct?

63. With reference to Indian Public Finance, consider the following statements:

1. Disbursements from Public Accounts of India are subject to the Vote of Parliament.

2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State.

3. Appropriations and disbursements under the Railway Budget are subject to the same form of parliamentary control as other appropriations and disbursements.

Which of the statement/s given above is/are correct?

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