Under Article 266(1) of the Constitution, into which fund do the tax revenues received by the Government of India ordinarily go?
Question and options
Under Article 266(1) of the Constitution, into which fund do the tax revenues received by the Government of India ordinarily go?
Consolidated Fund of India
Contingency Fund of India
Public Account of India
Private accounts
Answer and explanation
Article 266(1) places Union government revenues in the Consolidated Fund of India, subject to the Constitution’s revenue-assignment provisions. The Public Account and Contingency Fund serve separate purposes.
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