The President can advance money to meet unforeseen expenses from the– (1) Consolidated Fund of India (2) Grants of the Central Government (3) Aid from the Union Government (4) Contingency Fund

1 Answer

Answer :

(4) Contingency Fund Explanation: The Contingency Fund of India has been placed at the disposal of the President. He can advance money of this fund to meet unforeseen expenses and recover the same after due authorization by the parliament. The fund is held by the finance secretary on behalf of the president. Like the public account of India, it is also operated by executive action.

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