From which fund can the unanticipated expenditure be met without the prior approval of the Parliament? (1) Consolidated Fund of India (2) Contingency Fund of India (3) Vote-on-Account (4) From the Treasury

1 Answer

Answer :

(2) Contingency Fund of India Explanation: A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises. The Contingency Fund of India established under Article 267 (1) of the Constitution is in the nature of an imprest (money maintained for a specific purpose) which is placed at the disposal of the President to enable him/her to make advances to meet urgent unforeseen expenditure, pending authorization by the Parliament. Approval of the legislature for such expenditure and for withdrawal of an equivalent amount from the consolidated Fund is subsequently obtained to ensure that the corpus of the Contingency Fund remains intact.

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