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Which of the following sources form the Consolidated Fund of India? 1. All revenues collected by the government. 2. All loans raised by the government. 3. All receipts received from recoveries from loans granted by government. Choose the correct option:

Which of the following sources form the Consolidated Fund of India? 1. All revenues collected by the government. 2. All loans raised by the government. 3. All receipts received from recoveries from loans granted by government. Choose the correct option: Correct Answer All of the above

This is the chief account of the Government of India. The inflow to this fund is by way of taxes like Income Tax, Central Excise, Customs and also non-tax revenues which arise to the government in connection with the conduct of its business.

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