Which is not a charged expenditure on the Consolidated Fund of India?

Which one of the following expenditure is not charged on the Consolidated Fund of India?

Correct Option: D. Salary and allowances of the speakers of the Lok Sabha is not charged on the consolidated fund of India.

Which expenditure is charged on Consolidated Fund of India?

The list of the charged expenditure is: Emoluments and allowances of the President and other expenditure relating to his office. Salaries and allowances of the Chairman and the Deputy Chairman of the Rajya Sabha and the Speaker and the Deputy Speaker of the Lok Sabha.

What does the Consolidated Fund of India include?

Constituted under Article 266(1) of the Indian Constitution, the Consolidated Fund of India is the account of the revenue the Government of India receives — via income tax, Customs, central excise and the non-tax revenue — and the expenses it makes, excluding exceptional items.

What is charged and voted expenditure?

Charged expenditure – the amounts required to meet expenditure charged upon the Consolidated Fund of India & 2. Voted expenditure – the amounts required to meet other expenditure proposed to be made from the Consolidated Fund of India. … That means charged expenditure doesn’t require the approval of Parliament.

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Which of the following is not charged answer?

Answer: Battery is not charged!!!

What Consolidated Fund?

Definition: Consolidated Fund of India is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding the exceptional items, are part of the Consolidated Fund.

What are charged expenditures?

Charged Expenditure is the expenditure from the consolidated fund of India which is non-votable. In India, the government cannot spend any amount of money from the Consolidated Fund unless and until the expenditure is voted in the Lower House of the Parliament or in the State Assemblies.

What does Article 112 say?

(1) The President shall in respect of every financial year cause to be laid before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year, in this Part of this Constitution referred to as the “annual financial statement”.

Who holds Consolidated Fund of India?

The Secretary to the Government of India, Ministry of Finance, Department of Economic Affairs holds the Fund on behalf of the President of India.

How many divisions are available in the Consolidated Fund of India?

The Consolidated Fund of India is divided into five parts namely: Revenue account (receipts) Revenue account (disbursements) Capital account (receipts)

What are the consolidated and contingency funds of India?

The Consolidated Fund of India is created by inflow of tax funds and non-tax revenues to be paid to the Government. … Contingency Fund of India is a Rs. 500 crore fund sanctioned in the budget for contingent expenditure of unforeseen nature.

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