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. None of these

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

The Consolidated Fund of India is the primary account where all government revenues, loans, and repayments are credited. Withdrawals from this fund require parliamentary approval.