1. All revenues received by the Government of India.
2. All loans raised by the government.
3. Money raised by the issue of treasury bills.
4. Loans or ways and means of advances.
5. Provident fund deposits.
Select the correct answer using the code below:
a) 1 and 2 only
b) 1, 2 and 3 only
c) 1, 2, 3 and 4 only
d) 1, 2, 3, 4 and 5
Solution:
- Consolidated Fund of India includes all revenues received by the Government of India, all loans raised by the Government by the issue of treasury bills, loans or ways and means of advances and all money received by the government in repayment of loans.
- Provident fund deposits forms part of Public Account of India.
Ans: (c)