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Question

Q. Consider the following statement about Consolidated Fund of India-

Which of the statements given above is/are correct?


A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is D Neither 1 nor 2

Explanation:

  • Statement 1 is incorrect: No money out of this fund can be appropriated except in accordance with parliamentary law.
  • Statement 2 is incorrect: provident fund deposits, judicial deposits, savings bank deposits, departmental deposits, remittances and so on are part of the Public Accounts of India

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