What power does the President of India hold regarding the Contingency Fund of India?

Correct option is B

Correct Answer: (B) The President controls the fund to advance money for unforeseen expenses.

Explanation:

• The President of India holds the power to control the Contingency Fund of India, which is used to advance money for unforeseen and emergency expenses that are not anticipated in the regular budget.
• The fund is kept under the control of the President, who can authorize advances from it for urgent requirements. However, the advances must be subsequently approved by the Parliament.
• This power is defined in Article 267 of the Indian Constitution, which allows the President to manage the fund to meet unexpected financial needs.

Information Booster:

• The Contingency Fund of India is a reserve fund established under the Indian Constitution to meet any unforeseen expenditure. The fund is not part of the regular budget and can be accessed in emergencies.

It is operated on the recommendation of the government, but the President is the ultimate authority who controls its disbursement, based on the financial needs of the government.