economics easy Fill in the Blank

Article ___ of the Indian Constitution strictly mandates that no money shall be withdrawn from the 'Consolidated Fund of India' except under appropriation made by law passed by the Parliament.

  1. dumping
  2. 2003
  3. Governing Council
  4. 266 (or 266(3))

Answer: 266 (or 266(3))

Article 266 establishes the Consolidated Fund of India, which comprises all government revenues, loans raised, and money received in repayment of loans. Clause (3) of this article is the bedrock of parliamentary democracy and financial control, ensuring that the executive branch cannot spend a single rupee of the public's money without the explicit legislative approval and oversight of the elected representatives.

Topic Public Finance - Budgeting
Exam Relevance UPSC Prelims, SSC CGL, Railway
More economics Questions Back to all questions