Financial provisions (Emergency expenses): From which fund can the President authorise advances to meet unforeseen expenditure pending Parliament's authorisation? Identify the correct fund used for urgent, unforeseen expenditure. Choose the correct fund.
General Knowledge
Indian Politics
Difficulty: Easy
Choose an option
Answer
Correct Answer: The Contingency Fund
Explanation
Given data
- Key terms: unforeseen expenditure; prior to Parliamentary sanction.
Concept/ApproachUnder Article 267 and the Contingency Fund of India Act, the Contingency Fund stands at the President's disposal for making advances to meet urgent, unforeseen expenditure. Subsequent legislative approval recoups the Fund from the Consolidated Fund.
Step-by-step flowUrgent need → draw advance from Contingency Fund → later appropriation by Parliament → reimbursement from Consolidated Fund.
Final AnswerThe Contingency Fund