New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The executive power of the Union extends to borrowing

    upon the security of?
    A Consolidated fund Correct Answer Incorrect Answer
    B Contingency fund Correct Answer Incorrect Answer
    C Consolidated fund of India Correct Answer Incorrect Answer
    D Consolidated fund of state or contingency fund of India Correct Answer Incorrect Answer

    Solution

    Art. 292. Borrowing by the Government of India.—The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed.

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