Q. Which of the following is NOT part of consolidated fund of India?

[A] All revenues received by the Government of India

[B] All loans raised by the Government by the issue of treasury bills

[C] All money received by the government in repayment of loans forms the Consolidated Fund of India

[D] Provident fund deposits

Answer: D
Notes:

Explanation: Consolidated Fund of India is a fund to which all receipts are credited, and all payments are debited. In other words,

  • all revenues received by the Government of India;
  • all loans raised by the Government by the issue of treasury bills, loans or ways and means of advances; and
  • all money received by the government in repayment of loans forms the Consolidated Fund of India.

All the legally authorized payments on behalf of the Government of India are made from this fund.

No money out of this fund can be appropriated (issued or drawn) except in accordance with a parliamentary law.

Source: Laxmikanth’s Polity

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