Discussion :: Indian Politics
- Who is the custodian of Consolidated Fund of India-
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Answer : Option C
Explanation :
As mentioned under Article-266(1), all revenues received by Government of India, all loans raised by that Government by issue of treasury bills and all money received by Government in repayment of loans, together form Consolidated Fund of India. No money can be deposited or withdrawn from this fund without prior approval of Parliament. That is why Parliament which is Union legislature in India, is called custodian of Consolidated Fund of India.
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