UPSC 2011 › Indian Polity › Public Finance & Finance Commission

3 questions · 2011 · answers as per the UPSC key

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UPSC 2011 · Q36 · Indian Polity › Public Finance & Finance Commission · Save

The authorization for the withdrawal of funds from the Consolidated Fund of India must come from

(a) The President of India
(b) The Parliament of India
(c) The Prime Minister of India
(d) The Union Finance Minister
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Answer: (b) The Parliament of India
UPSC 2011 · Q37 · Indian Polity › Public Finance & Finance Commission · Save

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

(a) Contingency Fund of India
(b) Public Account
(c) Consolidated Fund of India
(d) Deposits and Advances Fund
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Answer: (c) Consolidated Fund of India
UPSC 2011 · Q45 · Indian Polity › Public Finance & Finance Commission · Save

With reference to the Finance Commission of India, which of the following statements is correct?

(a) It encourages the inflow of foreign capital for infrastructure development
(b) and
(c) given above is correct in this context
(d) None of the statements (a),
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Answer: (b) and