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      Question

      What is the total authorised corpus of the Contingency

      Fund of India as per current government notification?
      A Rs. 500 crore Correct Answer Incorrect Answer
      B Rs. 30,000 crore Correct Answer Incorrect Answer
      C Rs. 10,000 crore Correct Answer Incorrect Answer
      D Rs. 50,000 crore Correct Answer Incorrect Answer
      E Rs. 1,00,000 crore Correct Answer Incorrect Answer

      Solution

      The Contingency Fund of India, established under Article 267(1) of the Constitution, is held at the disposal of the President and is used to meet urgent unforeseen expenditure. It is subsequently recouped through parliamentary appropriation. The corpus was revised upward to Rs. 30,000 crore (from Rs. 500 crore originally and later Rs. 9,000 crore, then Rs. 30,000 crore) through the Contingency Fund of India (Amendment) Act, 2021. This increased corpus allows the government greater flexibility for emergency spending without immediate parliamentary approval.

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