- Consolidated Fund (Article 266): All revenues received by the government, all loans raised, and all money received in repayment of loans. Expenditure requires parliamentary appropriation. - Public Account (Article 266): All other public money (e.g., provident funds, small savings). Operated by executive action; no appropriation needed. - Contingency Fund (Article 267): An imprest fund for meeting unforeseen expenditure. Operated by executive; requires subsequent parliamentary approval for replenishment.
Consider the following statements regarding various funds in India : Article 266 deals with Contingency Fund of India. For operating Public Account of India and Contingency Fund of India, parliamentary approval is not needed. Which of the above statements is/are correct ?
Asked in UPSC Combined Section Officer 2024 · Topic: Articles of the Constitution (Articles related to the Union and State Judiciary)
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