New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which type of fund do not require Parliamentary

    authorization for withdrawals?
    A Public Account funds that do not belong to the Government Correct Answer Incorrect Answer
    B Consolidated Account of the public Correct Answer Incorrect Answer
    C Expediture Account that do not represent the government Correct Answer Incorrect Answer
    D Public Account funds that belongs to the Government Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Public Account funds that do not belong to the Government and have to be finally paid back to the persons and authorities, who deposited them, do not require Parliamentary authorization for withdrawals.

    Practice Next