search
arrow-left Previous
Next arrow-right
Q: The President can advance money to meet unforeseen expenses from the
  • A. Consolidated Fund of India
  • B. Grants of the Central Government
  • C. Aid from the Union Government
  • D. Contingency Fund
Correct Answer: Option D - Provisions of Contingency Fund has been described under Article 267 of Indian Constitution. The Contingency Fund of India has been placed at the disposal of the President. He can advance money of this fund to meet unforeseen expenses. The fund is held by finance secretary on behalf of the President.
D. Provisions of Contingency Fund has been described under Article 267 of Indian Constitution. The Contingency Fund of India has been placed at the disposal of the President. He can advance money of this fund to meet unforeseen expenses. The fund is held by finance secretary on behalf of the President.

Explanations:

Provisions of Contingency Fund has been described under Article 267 of Indian Constitution. The Contingency Fund of India has been placed at the disposal of the President. He can advance money of this fund to meet unforeseen expenses. The fund is held by finance secretary on behalf of the President.