MasteryExams
Indian Polity • Parliament & ExecutiveMedium

Which parliamentary fund is placed at the disposal of the President of India to enable him to make advances for meeting unforeseen expenditures pending authorization by Parliament?

A. Consolidated Fund of India
B. Public Account of India
C. Contingency Fund of India✓ Correct Answer
D. National Investment Fund

💡 Solution & Explanation

The Contingency Fund of India is established under Article 267 of the Constitution and operates as an imprest placed at the disposal of the President to meet urgent unforeseen expenditures pending parliamentary approval. Incorrect choices like the Consolidated Fund require prior legislative authorization for withdrawals.

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