All revenues received, loans raised and all moneys received by the government in repayment of loans are credited to the :

CA Foundation · Business Economics · PYQS · September 2024
All revenues received, loans raised and all moneys received by the government in repayment of loans are credited to the :
(A) A. Contingency fund of India
(B) B. Consolidated fund of India
(C) C. Public provident fund of India
(D) D. Public Account

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Consolidated fund of India

Topics: Public Finance

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