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      Question

      All revenues received by the Union Government by way of

      taxes and other receipts for the conduct of Government business are credited to the;
      A Contingency Fund of India Correct Answer Incorrect Answer
      B Public Account Correct Answer Incorrect Answer
      C Consolidated Fund of India Correct Answer Incorrect Answer
      D Deposits and Advances Fund Correct Answer Incorrect Answer

      Solution

      Article 266 of the Indian Constitution provides for the Consolidated Fund of India. All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the Consolidated Fund of India.

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