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Q7 (UPPCS/2021) Economy › Government Finance & Budget

Which of the following Articles of the Indian Constitution is related to Contingency Fund ?

Result
Your answer: —  Â·  Correct: C

Explanation

Article 267 of the Indian Constitution provides for the establishment of the Contingency Fund. It authorizes Parliament (under Article 267(1)) and State Legislatures (under Article 267(2)) to create such a fund to meet unforeseen expenditures.

  • The Contingency Fund of India is placed at the disposal of the President, allowing for immediate advances before parliamentary approval is obtained.
  • Article 265: States that no tax shall be levied or collected except by authority of law.
  • Article 266
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