Question : The emoluments and allowances of the President and other expenditures relating to his office are charged on the ____________of India.
Option 1: contingency fund
Option 2: estimates fund
Option 3: consolidated fund
Option 4: public accounts fund
Correct Answer: consolidated fund
Solution : The correct answer is Consolidated Fund .
The emoluments and allowances of the President and other expenditures relating to his office are charged to the Consolidated Fund of India. The budget consists of two types of expenditure - the expenditure 'charged' upon the Consolidated Fund of India and the expenditure 'made' from the Consolidated Fund of India.
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