Question : The President can advance money to meet unforeseen expenses from the
Option 1: Consolidated Fund of India
Option 2: Grants of the Central Government
Option 3: Aid from the Union Government
Option 4: Contingency Fund
Correct Answer: Contingency Fund
Solution : The correct answer is the Contingency Fund.
The President has been given access to the Indian Contingency Fund. To pay for unforeseen expenses, he may advance money from this fund, which he may later recover with the proper parliamentary approval. The finance secretary is in charge of holding the fund on the president's behalf. The Contingency Fund of India was created under Article 267(2) of the Indian Constitution.
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