Multiple choice

All revenues received, loans raised and money received in repayment of loans by the Union Government go into

  1. Public Account of India

  2. Contingency Fund of India

  3. Consolidated Fund of India

  4. Public Benefit Fund of India

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Consolidated Fund of India is the most important account of the Union Government under Article 266 of the Constitution. All government revenues, money raised by loans, and loan repayments must be credited to this fund. The Public Account holds money held in trust (like provident funds), while the Contingency Fund is for unforeseen emergencies.

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