Contingency fund of India (Art.267)<\/strong><\/span><\/p>\n Public Accounts of India (Art.266)<\/strong><\/span><\/p>\n This is made up of:<\/p>\n Ques Note<\/em>– Does government need parliament\u00e2\u20ac\u2122s permission to spend money from here? – Nope.<\/em><\/p>\n Consolidated fund of India (Art.266)<\/strong><\/span><\/p>\n This fund\/basket is filled by<\/p>\n Related MCQs<\/strong><\/em><\/span><\/p>\n Q-1. \u00c2\u00a0Which of the following is not a source of tax revenue of government?<\/strong> Q-2 Transactions relate to debt other than those included in the Consolidated Fund of India are kept in which among the following? <\/strong> Q-3. \u00c2\u00a0Who audits the receipts and expenditures of Consolidated Fund of India?<\/strong> Q-4. \u00c2\u00a0Income from Treasury Bills issued by government will be stored in –<\/strong> Q-5 Approval of which among the following authorities alone would be sufficient to draw funds from Consolidated Fund of India ? <\/strong> Q-6. \u00c2\u00a0Withdrawal from which of the following account will require authorization of Parliament?<\/strong> Q-7. \u00c2\u00a0Which of the following account acts as an imprest account of the government?<\/strong> Q-8. \u00c2\u00a0Who has the authority of expenditure from Contingency Fund of India?<\/strong> Q-9. \u00c2\u00a0Public money from National Pension Scheme (NPS) (government is liable to repay to the individual) will be stored in which account?<\/strong> Q-10. \u00c2\u00a0What is the fixed corpus of Contingency Fund of India?<\/strong> Q-11. \u00c2\u00a0Expenditure from which of the following funds does not require any authorization, either prior or post, of the Parliament?<\/strong> Note that Post authorization of Parliament is required for Contingency Fund, to resume the spent money in it.<\/em><\/p>\n Q-12. \u00c2\u00a0Expenditure from which of the following funds does not require any prior authorization of the Parliament?<\/strong> Classification of Government Accounting in India For a specific treatment of government accounts in India…<\/p>\n","protected":false},"author":1,"featured_media":1312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"class_list":["post-1307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notes","category-punjab-exam-portal"],"_links":{"self":[{"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/posts\/1307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/comments?post=1307"}],"version-history":[{"count":0,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/posts\/1307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/media\/1312"}],"wp:attachment":[{"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/media?parent=1307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/categories?post=1307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.punjabexamportal.com\/11052024\/wp-json\/wp\/v2\/tags?post=1307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n
\nand so on<\/li>\n<\/ul>\n\n
\na) \u00c2\u00a0Export and imports
\nb) \u00c2\u00a0Goods and Services produced
\nc) \u00c2\u00a0Inter-governmental aids<\/em>
\nd) \u00c2\u00a0Income of individuals and corporations<\/p>\n
\na) Debt Account
\nb) Public Account<\/em>
\nc) Contingency Fund
\nd) Debt Fund<\/p>\n
\na) \u00c2\u00a0Finance Secretary
\nb) \u00c2\u00a0Finance Minister
\nc) \u00c2\u00a0Comptroller and Auditor General<\/em>
\nd) \u00c2\u00a0Prime Minister<\/p>\n
\na) \u00c2\u00a0Consolidated Fund<\/em>
\nb) \u00c2\u00a0Contingency Fund
\nc) \u00c2\u00a0Public Account
\nd) \u00c2\u00a0Any of these<\/p>\n
\na) Only Parliament<\/em>
\nb) Only President
\nc) Either Parliament or President
\nd) Both Parliament and President<\/p>\n
\na) \u00c2\u00a0Consolidated Fund<\/em>
\nb) \u00c2\u00a0Contingency Fund
\nc) \u00c2\u00a0Public Account
\nd) \u00c2\u00a0All of the above<\/p>\n
\na) \u00c2\u00a0Consolidated Fund
\nb) \u00c2\u00a0Contingency Fund<\/em>
\nc) \u00c2\u00a0Public Account
\nd) \u00c2\u00a0None of the above<\/p>\n
\na) \u00c2\u00a0Prime Minister
\nb) \u00c2\u00a0President<\/em>
\nc) \u00c2\u00a0Finance Secretary
\nd) \u00c2\u00a0Parliament<\/p>\n
\na) \u00c2\u00a0Consolidated Fund
\nb) \u00c2\u00a0Contingency Fund
\nc) \u00c2\u00a0Public Account<\/em>
\nd) \u00c2\u00a0None of the above<\/p>\n
\na) \u00c2\u00a0Rs. 50 crore
\nb) \u00c2\u00a0Rs. 100 crore
\nc) \u00c2\u00a0Rs. 500 crore<\/em>
\nd) \u00c2\u00a0Rs. 1,000 crore<\/p>\n
\na) \u00c2\u00a0Consolidated Fund
\nb) \u00c2\u00a0Contingency Fund
\nc) \u00c2\u00a0Public Account<\/em>
\nd) \u00c2\u00a0Both (b) and (c)<\/p>\n
\na) \u00c2\u00a0Consolidated Fund
\nb) \u00c2\u00a0Contingency Fund
\nc) \u00c2\u00a0Public Account
\nd) \u00c2\u00a0Both (b) and (c)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"