Q1. From which of the following funds is all expenditure of the Government incurred, and no amount can be withdrawn from it without authorisation from Parliament?
A Contingency Fund
B Consolidated Fund Correct
C Public Account
D Private Account
Explanation
The Consolidated Fund of India receives the main revenues of the Union Government, and government expenditure is met from it only after parliamentary authorisation. The Contingency Fund is for urgent, unforeseen expenditure and is later recouped. The Public Account covers money held by the government in a trustee capacity, such as provident fund deposits, and withdrawals follow different rules. A private account is not a constitutional fund for government expenditure. Therefore the fund described in the question is the Consolidated Fund.