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