GyanGramQuestion
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the:
PRELIMS 2011 · INDIAN ECONOMY
All revenues received by the Union Government by way of taxes and other receipts for the…
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• Correct Answer: C
• Under Article 266(1), all revenues, taxes, and loans received by the Union Government are credited to the Consolidated Fund of India.
• The Contingency Fund (Article 267) is for unforeseen expenditure, and the Public Account (Article 266(2)) handles government banking flows.
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