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    Question

    Contingency Fund shall be placed at the disposal

    of?
    A President Correct Answer Incorrect Answer
    B Prime Minister Correct Answer Incorrect Answer
    C Parliament by Law Correct Answer Incorrect Answer
    D Legislature of State Correct Answer Incorrect Answer
    E President and Prime Minister Correct Answer Incorrect Answer

    Solution

    Art. 267. Contingency Fund.— (1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled “the Contingency Fund of India” into which shall be paid from time to time such sums as may be determined by such law, and the said Fund shall be placed at the disposal of the President to enable advances to be made by him out of such Fund for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by Parliament by law under article 115 or article 116. 

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