All revenues received, loans raised, and money received in repayment of loans by the Government of India form part of the:
A. Contingency Fund of India
B. Consolidated Fund of India
C. Prime Minister's Relief Fund
D. Public Account of India
Answer: Option B
Solution (By JKSSB Mock Tests)
As per Article 266(1), all these inflows form the Consolidated Fund of India, from which no money can be spent without parliamentary approval.
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