Which of the following funds receives all revenues generated by the Union Government through taxes and other receipts related to the conduct of its business?
Parliament, Lok Sabha, Rajya Sabha & Legislative Procedure — question ID 817
Options
A.
B.
Explanation
According to Article 266(1) of the Indian Constitution, all revenues received by the Union Government, loans raised, and receipts from recoveries of loans form the Consolidated Fund of India. No money can be withdrawn from this fund without parliamentary authorization.