Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following funds is constituted by the Indian Constitution.
1. Consolidated Fund of India
2. Contingency Fund of India
3. Public Account of India

• A. 1 and 3 only
• B. 2 only
• C. 2 and 3 only
• D. 1, 2 and 3

Answer 1

The correct option is A 1 and 3 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Parliament passed Contingency Fund of India Act, 1950, which created this fund.
It has been placed under the President of India, who is its custodian.
Contingency Fund is also available at the state level.