Political Science · Political Institutions in India
UGC NET October 2020 Political Science
Which of the following funds is not included in the Constitution of India?
AConsolidated Fund
BPublic Account of India
CPublic Grievance Fund ✓ Correct
DContingency Fund
Correct answer: (C) Public Grievance Fund — The Public Grievance Fund is not included in the Constitution of India, so it is the answer.
Explanation
★The Public Grievance Fund is not included in the Constitution of India, so it is the answer.
★Article 266 provides for the Consolidated Fund of India and the Public Account of India.
★The Consolidated Fund of India comprises all revenues, loans raised and receipts of the government, and withdrawals from it need parliamentary authorisation.
★All public money other than that credited to the Consolidated Fund is deposited in the Public Account of India.
★Article 267 establishes the Contingency Fund of India, placed at the disposal of the President to meet unforeseen expenditure.
★There is no constitutional fund called the Public Grievance Fund.
★For NET, fix the three constitutional funds: Consolidated Fund and Public Account under Article 266, and the Contingency Fund under Article 267.
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