Question
The Annual Financial Statement presented to the
Parliament shows Receipts and Payments for which of the following account/s of Union Government? 1.      Consolidated Fund of India 2.      Public Accounts of India 3.      Contingency Fund of IndiaSolution
The Annual Financial Statement shows the receipts and payments of government under the three parts in which government accounts are kept: (i) Consolidated Fund, (ii) Contingency Fund and (iii) Public Account.
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