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  1. Home
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International Relations·Easy

Which among the following is/are considered to be part(s) of the Consolidated Fund of India? 1. Entire revenue received by the government 2. Loans raised by the government 3. Receipts from the recoveries of loans Select the correct answer using the code given below:

Which among the following is/are considered to be part(s) of the Consolidated Fund of India?

1. Entire revenue received by the government

2. Loans raised by the government

3. Receipts from the recoveries of loans

Select the correct answer using the code given below:

Options

  1. a.

    1 only

  2. b.

    1 and 2 only

  3. c.

    1 and 3 only

  4. d.

    1, 2 and 3

    Correct answer

Explanation

The Consolidated Fund of India (CFI) draws its existence from Article 266 of the Constitution. All revenues received by the government, loans raised by it and also receipts from the recoveries of loans granted by it, together form the Consolidated Fund of India. All expenditure of the government is incurred from the Consolidated Fund of India and no amount can be drawn from the Consolidated Fund without due authorization from the Parliament.

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