Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Consolidated Fund of India
Concept & Option Breakdown
Standard Reference VerifiedAccording to Article 266(1) of the Indian Constitution, all revenues received by the Government of India, all loans raised by it, and all moneys received in repayment of loans form one consolidated fund entitled the 'Consolidated Fund of India'. All other public moneys received by or on behalf of the Government are credited to the Public Account of India under Article 266(2).
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