Which of the following statement is/are correct? Revenue cannot be withdrawn from the Contingency Fund without Parliament's permission. The Public Accounts Committee presents its report to the President. Salaries and allowances of the Vice President are weighted on accumulated funds. Select the correct code from below.
Which of the following statement is/are correct? Revenue cannot be withdrawn from the Contingency Fund without Parliament's permission. The Public Accounts Committee presents its report to the President. Salaries and allowances of the Vice President are weighted on accumulated funds. Select the correct code from below. Correct Answer Only 1
The correct answer is option 1 i.e. Only 1
- The Public Accounts Committee presents its report to the Speaker of the Lok Sabha.
- According to Article 267 of the Indian Constitution -
- There is a provision for the establishment of a Contingency Fund over which the "President controls".
- The withdrawal of revenue from the contingency fund does not require the approval of Parliament.
- The Vice-President of India receives salary and allowances as the Chairman and Deputy Chairman of Rajya Sabha.
- Hence, the salary and allowance of the Chairman and Deputy Chairman of Rajya Sabha are weighted on the Consolidated Fund of India.
- As Vice President of India, there is no provision for giving him salary and allowances.
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Feb 20, 2025