Under Article 266(1) of the Constitution of India, which of the following is used in relation to all fund flows where the government acts as a banker?

CA Foundation · Business Economics · PYQS · September 2025
Under Article 266(1) of the Constitution of India, which of the following is used in relation to all fund flows where the government acts as a banker?
(A) A. Public Account
(B) B. Consolidated Fund
(C) C. Contingency Fund
(D) D. State Development Fund

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Public Account

Topics: Public Finance

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