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.
Application | Eligibility | Dates | FAQs
Question : The emoluments and allowances of the President and other expenditures relating to his office are charged on the ____________of India.
Question : The pension of a High Court Judge is charge on the
Question : In which of the following economic accounts are transfer payments included?
Question : Which authority recommends the principles governing the grants in -aid of revenues of the states out of the consolidated fund of india?
Question : On firm dissolution, which one of the following accounts should be prepared at the last?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile