Question

What is the "Consolidated Fund of the State"?

• A. A separate fund for receiving foreign aid and grants.
• B. A contingency fund to cover unforeseen expenditures.
• C. The primary account of the state where all revenues are received and all expenditures are met
• D. An account dedicated solely to infrastructure development projects.

Answer 1

Answer:

C. The primary account of the state where all revenues are received and all expenditures are met

• The Consolidated Fund of the State is the main fund where all revenues received by the government, and all loans raised, are deposited. All government expenditures are made from this fund.