Exams › SSC CGL (Prelims) › General

Which of the following statements regarding financial provisions under the Indian Constitution is/are correct? 1. The Public Account of India is mentioned under Article 266. 2. Money can be withdrawn from the Consolidated Fund of India without parliamentary approval.

1. Only 1
2. Only 2
3. Both 1 and 2
4. Neither 1 nor 2

Correct answer: Only 1

Solution

Statement 1 is correct because Article 266 deals with the Consolidated Fund, Contingency Fund, and Public Account of India. Statement 2 is incorrect because withdrawals from the Consolidated Fund generally require parliamentary approval through appropriation.

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