Question

The Annual Financial Statement presented to the Parliament shows Receipts and Payments for which of the following account/s of Union Government?

1.       Consolidated Fund of India

2.       Public Accounts of India

3.       Contingency Fund of India

A 1 only Correct Answer Incorrect Answer
B 1 and 2 only Correct Answer Incorrect Answer
C 1 and 3 only Correct Answer Incorrect Answer
D 1, 2 and 3 Correct Answer Incorrect Answer
E 2 and 3 only Correct Answer Incorrect Answer

Solution

The Annual Financial Statement shows the receipts and payments of government under the three parts in which government accounts are kept: (i) Consolidated Fund, (ii) Contingency Fund and (iii) Public Account.

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