Multiple choice

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

  1. Contingency Fund of India

  2. Public Account

  3. Consolidated Fund of India

  4. Deposit and Advances Fund

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

Subject to the assignment of certain taxes to the States, all revenues received by the Government of India, all loan raised by Government and all money received by the Government in the repayment of loans shall form consolidated fund of India.