Which of the following can be considered to be in the form of an 'imprest'?
Question and options
Which of the following can be considered to be in the form of an 'imprest'?
- The consolidated fund of India at the disposal of the President
- The contingency fund of India at the disposal of the President
- The consolidated fund of the States at the disposal of the President
- The contingency fund of the States at the disposal of the President
Answer and explanation
Correct answer: B - The contingency fund of India at the disposal of the President
Under Article 267(1), the Contingency Fund of India is placed at the disposal of the President "in the nature of an imprest", so that unforeseen expenditure can be met pending authorisation by Parliament. The Consolidated Fund can be drawn on only under an appropriation law, and a State's Contingency Fund is at the disposal of the Governor under Article 267(2), not the President.
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