GENERAL KNOWLEDGE

GK

INDIAN POLITICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Contingency Fund of the State is operated by the
A
President
B
Chief Minister
C
Governor
D
Council of Ministers
Explanation: 

Detailed explanation-1: -This fund is placed at the disposal of the prime minister, and he can make advances out of it to meet unforeseen expenditure pending its authorisation by the Parliament. 2. The fund is held by the finance secretary on behalf of the prime minister.

Detailed explanation-2: -Definition: Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government. Description: This fund was constituted by the government under Article 267 of the Constitution of India. This fund is at the disposal of the President.

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