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.
More Indian Polity Parliament & Executive questions
- Assertion (A): A Bill pending in the Rajya Sabha which has not been passed by the Lok Sabha lapses on the…
- How many seats does the State of Himachal Pradesh hold in the Lok Sabha, the lower house of the Indian…
- Which type of majority is required for the impeachment of the President of India in either House of…
- Examine the constitutional provisions governing a joint sitting of both Houses of Parliament under Article…
- Which Article of the Indian Constitution deals with the definition, introduction, and passage of Money Bills…