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UPSC 2011: All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
(a)Contingency Fund of India
(b)Public Account
(c)Consolidated Fund of India
(d)Deposits and Advances Fund
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Not attemptedCorrect Answer: (c) Consolidated Fund of India
Article 266(1) provides that all revenues received by the Government of India, all loans raised and all repayments of loans constitute the Consolidated Fund of India; hence such receipts are credited to the CFI, not to the Contingency Fund or Public Account. ([indiankanoon.org](https://indiankanoon.org/doc/1532561/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2011 Indian Polity question?▼
The correct answer is option (c): Consolidated Fund of India. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Public Finance & Finance Commission question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2011, GS Paper 1, as Question 37. It falls under Indian Polity > Public Finance & Finance Commission.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Public Finance & Finance Commission?▼
UPSC has asked 13 questions from Public Finance & Finance Commission (under Indian Polity) across multiple years. Visit the topic page to see the full list and year-wise trends.