Q. With reference to the financial arrangements in India, from which of the following, no amount can be drawn without prior authorisation from Parliament?

1. Consolidated Fund of India
2. Contingency Fund of India
3. Public Account of India

Select the correct option from the codes given below:
Answer: Only 1
Notes: Amounts cannot be withdrawn from the Consolidated Fund of India without prior parliamentary authorisation. The Contingency Fund is at the President’s disposal for urgent needs and recouped through Parliament later. In the Public Account, funds do not always require prior approval, as they are mainly payments where government acts as a banker or trustee.