Article 266(1) of the Constitution of India states that all revenues received by the Union government (by way of direct and indirect taxes, money borrowed, and receipts from loans given) and all expenditures of the government flow into the Consolidated Fund of India.
All revenues received by the Union government by way of direct and indirect taxes, money borrowed and receipts from loans given by the government flow into
Asked in WBPSC CS Prelims 2023 · Topic: Articles of the Constitution (Articles related to the Union Executive and Parliament)
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Answer: B. the Consolidated Fund of India.
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