Difficulty: Easy
Correct Answer: The Contingency Fund
Explanation:
Given data
Concept/Approach
Under Article 267 and the Contingency Fund of India Act, the Contingency Fund stands at the President's disposal for making advances to meet urgent, unforeseen expenditure. Subsequent legislative approval recoups the Fund from the Consolidated Fund.
Step-by-step flow
Urgent need → draw advance from Contingency Fund → later appropriation by Parliament → reimbursement from Consolidated Fund.
Final Answer
The Contingency Fund
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