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All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

(a)

Contingency Fund of India

(b)

Public Account

(c)

Consolidated Fund of India

(d)

Deposits and Advances Fund

Answer:

(c)

Core Books/NCERT

Explanation

Article 266 of the Indian Constitution provides for the Consolidated Fund of India. All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to this fund. All legally authorized payments on behalf of the Government of India are made out of this fund.