Exp) Option b is the correct answer

The Indian budget consists of two types of expenditure. One type includes expenditure made from Consolidated Fund of India. This expenditure is voted by the Parliament. Whereas, Other types includes expenditure which is ‘charged’ upon the Consolidated Fund of India. This expenditure is non-votable by the Parliament. It can only be discussed by the Parliament, and cannot be subjected to vote.

The charged expenditure includes:

Statement 1 is incorrect: The expenditure for salaries and allowances of judges of high courts are not charged on Consolidated Fund of India (CFI). They are charged on the Consolidated Fund of State (CFS). Only Pensions of the judges of high courts are charged on the Consolidated Fund of India (CFI)

Statement 2 is correct. The expenditure for salaries, allowances and pensions of the judges of the Supreme Court are charged on the Consolidated Fund of India (CFI).

Statement 3 is correct: Any sum required to satisfy any judgement, decree or award of any court or arbitral tribunal is charged on the Consolidated Fund of India (CFI).

Statement 4 is correct. The expenditure for debt charges for which the Government of India is liable, is charged on the Consolidated Fund of India. It includes interest, sinking fund charges and redemption charges and other expenditure relating to the raising of loans and the service and redemption of debt.