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

    Question

    Which of the following is not true regarding the payment

    of the emoluments of the President?
    A They are shown separately in the budget. Correct Answer Incorrect Answer
    B They do not require any parliament sanction. Correct Answer Incorrect Answer
    C They are charged on the Contingency Fund of India. Correct Answer Incorrect Answer
    D They can be reduced during a Financial Emergency. Correct Answer Incorrect Answer

    Solution

    The President of India is entitled to such emoluments, allowances, and Privileges as the time to time determined by the Parliament. These are presented in a separate budget for upkeep of President and charged upon Consolidated Fund of India. As the name suggests, the Contingency Fund of India is an account maintained for meeting expenses during any unforeseen emergencies. Established under Article 267(1) of the Indian Constitution, the fund is maintained by the ministry of finance on behalf of the President of India.

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