Which of the following statements concerning the Consolidated Fund of India is correct?
Type: MCQ • Marks: 1
Which of the following statements concerning the Consolidated Fund of India is correct?
Options
A. No money can be withdrawn from it without legislative authorisation, subject to constitutional provisions
B. All public money is automatically deposited into it
C. It contains only tax revenues
D. It is maintained exclusively by the Reserve Bank of India
Explanation
Government revenues, loans and loan recoveries generally form part of the Consolidated Fund, from which expenditure requires constitutional/legal authorisation.
UPSC Principal & Vice PrincipalManagement Finance Administration
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