hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    The 'Contingency Fund' of the State is at the disposal of:
    Question

    The 'Contingency Fund' of the State is at the disposal of:

    A.

    The Speaker of the Legislative Assembly of the State

    B.

    The Finance Minister of the State

    C.

    The President of India

    D.

    The Governor of the State

    Correct option is D

    The correct answer is (d) The Governor of the State
    Explanation:
    ● Under Article 267(2) of the Indian Constitution, the State Legislature may establish a 'Contingency Fund of the State'.
    ● This fund is placed at the disposal of the Governor of the State to enable advances to be made for the purposes of meeting unforeseen expenditure.
    ● Such expenditure must eventually be authorized by the State Legislature.
    Information Booster:
    ● The Contingency Fund of India (Central level) is at the disposal of the President of India.
    ● It is operated by the Finance Secretary on behalf of the President/Governor.
    ● It is an "Imprest" account, meaning it is replenished after use.
    Additional Knowledge:
    ● Consolidated Fund of India (Art 266) – All revenues received by the government and loans raised are kept here.
    ● Public Account of India (Art 266) – Contains money like provident funds and small savings where the government acts as a banker.

    Free Tests

    Free
    Must Attempt

    UPTET Paper 2 Social Science : PYP Held on 23rd Jan 2022 (Shift 2)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    UPTET : Paper 1 Full Mock - 01

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    UPTET : Paper 2 Maths & Science Full Mock - 01

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    test-prime-package

    Access ‘NVS TGT’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    383k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow