Question
Match columns A and B wherein Column B defines Column A
Column A
Column B
I. Public Account
a. Consists of all revenues and loans received by the government
II. Consolidated fund
b. Comprises of the sum placed at the disposal of the President to meet unforeseen expenditure
III. Contingency fund
c. Consists of receipts and payments, which are in form of deposit account with the government, such as provident funds, small savings, etc
Codes: I II III
Column A
Column B
I. Public Account
a. Consists of all revenues and loans received by the government
II. Consolidated fund
b. Comprises of the sum placed at the disposal of the President to meet unforeseen expenditure
III. Contingency fund
c. Consists of receipts and payments, which are in form of deposit account with the government, such as provident funds, small savings, etc
Codes: I II III
Answer: Option A
Answer: (a)
The budget shows the receipts and payments of the government under three heads.
All revenues and loans received by the government comes under Consolidated fund, the sum placed at the disposal of the President to meet unforeseen expenditure falls under Contingency fund and receipts & payments which are in form of deposit account with the government comprises Public Account
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Answer: (a)
The budget shows the receipts and payments of the government under three heads.
All revenues and loans received by the government comes under Consolidated fund, the sum placed at the disposal of the President to meet unforeseen expenditure falls under Contingency fund and receipts & payments which are in form of deposit account with the government comprises Public Account
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