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Option 1 : 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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