Which of the following funds is constituted under Article 267 of the Indian Constitution and placed at the disposal of the President to meet unforeseen expenditures?

💡 Solution & Explanation

Article 267 of the Constitution empowers Parliament to establish the Contingency Fund of India, placed at the disposal of the President to enable advances for urgent unforeseen expenditures pending legislative authorization. The Consolidated Fund of India, governed by Article 266, requires prior parliamentary approval for all withdrawals. Constitutional funds and budgetary procedures are essential topics in Indian polity.