Question : Which of the following funds accounts for flows for those transactions where the government is merely acting as a banker?
Option 1: Customs Fund
Option 2: Consolidated Fund
Option 3: Public Account Fund
Option 4: Contingency Fund
New: SSC Stenographer Application Form 2024 Released
Don't Miss: Month-wise current affairs
Suggested: Upcoming government exams
Correct Answer: Public Account Fund
Solution : The correct answer is Public Account Fund .
When the government only functions as a banker, the flows for those transactions are recorded in the Public Account of India. Article 266(2) of the Constitution establishes this fund. Provident funds, small savings accounts, etc., are examples of Public Account Funds.
Related Questions
Know More about
Staff Selection Commission Stenographer ...
Application | Eligibility | Dates | FAQs
Get Updates Brochure
Your Staff Selection Commission Stenographer Grade C & D Exam brochure has been successfully mailed to your registered email id “”.
