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 India
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 2 and 3 only Correct Answer Incorrect Answer

    Solution

    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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