Q. In which of the following are parked all receipts and payments which are in the nature of deposit account with the government such as provident fund, small savings etc. ?
Answer: Public Account
Notes: The correct answer is "Public Account." The Public Account of India is used to manage funds that are not part of the government's revenue but are held for specific purposes, such as deposits from citizens in schemes like provident funds and small savings. Unlike the Consolidated Fund, which contains government revenues and expenditures, the Public Account includes money that the government holds in trust. This account is governed by Article 266 of the Indian Constitution.