The "emoluments, allowances, and privileges of constitutional officeholders" are governed under which Schedule of the Indian Constitution?

Correct option is D

The correct answer is: (d) Second Schedule
Explanation:
· The Second Schedule of the Indian Constitution deals with the salaries, allowances, and privileges of important constitutional functionaries.
· It covers the President, Governors, Speaker & Deputy Speaker of Lok Sabha, Chairman & Deputy Chairman of Rajya Sabha, Judges of Supreme Court & High Courts, CAG (Comptroller and Auditor General of India), etc.
· This schedule ensures financial independence and dignity of these offices.
Information Booster:
· The Constitution of India contains 12 Schedules.
· Second Schedule has 8 parts dealing with different officeholders.
· Salaries can be altered by Parliament, but not to their disadvantage during their term.
· Ensures separation of powers and independence of judiciary/executive.
· CAG is called the "guardian of the public purse," and his salary is also fixed under this schedule.
Additional Knowledge:
· Fifth Schedule → Administration & control of Scheduled Areas and Scheduled Tribes.
· Seventh Schedule → Division of powers between Union & States (Union List, State List, Concurrent List).
· Eleventh Schedule → Powers, authority, and responsibilities of Panchayats (added by 73rd Amendment, 1992).