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    money can be advanced out of the contingency fund of india to meet unforeseen expenditure by the

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    Question

    The ______ can make advances out of the State Contingency Fund to meet any unforeseen expenditure.

    Open in App Solution

    The correct option is B Governor

    The Governor can make advances out of the State Contingency Fund to meet any unforeseen expenditure. He also constitutes a Finance Commission every five years. This Commission is responsible for conducting a financial review of the panchayats and the municipalities.

    Governor

    Standard X Social Science

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    स्रोत : byjus.com

    Money can be advanced out of the Contingency Fund of India to meet unforeseen expenditures, by the

    Click here👆to get an answer to your question ✍️ Money can be advanced out of the Contingency Fund of India to meet unforeseen expenditures, by the

    Question

    Money can be advanced out of the Contingency Fund of India to meet unforeseen expenditures, by the

    A

    Parliament

    B

    President

    C

    Finance Minister

    D

    Prime Minister

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    Updated on : 2022-09-05

    Solution Verified by Toppr

    Correct option is B)

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    [Solved] Statement I: The setting of the Contingency Fund of India is

    The correct answer is Statement I is false but statement II is true. Key Points Article 267 of the constitution says that Parliament may establish a Cont

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    Statement I: The setting of the Contingency Fund of India is mandatory under the Indian constitution for unforeseen expenditure.

    Statement II: Contingency Fund of India is maintained by the Finance Secretary on behalf of the President.

    Both the statements are individually true and statement II is the correct explanation of statement I

    Both the statements are individually true and statement II is not the correct explanation of statement I.

    Statement I is true but statement II is false.

    Statement I is false but statement II is true.

    Answer (Detailed Solution Below)

    Option 4 : Statement I is false but statement II is true.

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    Detailed Solution

    Download Solution PDF

    The correct answer is Statement I is false but statement II is true.

    Key PointsArticle 267 of the constitution says that Parliament may establish a Contingency Fund of India.

    Setting up of Contingency Fund of India is not mandatory. Hence, statement 1 is false.

    The fund is placed at the disposal of the President and he can make advances out of it to meet unforeseen expenditure pending the authorization of such expenditure by parliament.

    The fund is held by the Finance Secretary of India on behalf of the President. Hence, statement 2 is true.

    It is also operated by executive action only.

    Parliament enacted the Contingency fund of India Act in the year 1950.

    Confusion Points

    The term may express that the Setting up of the Contingency Fund of India is not mandatory.

    The second part of the statement is correct. The fund is placed at the disposal of the President and he can make advances out of it to meet unforeseen expenditures.

    Hence, overall statement 1 is false

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