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The Annual Financial Statement or the main budget document consist of the following except:

  • A.Deposit and Advance Fund
  • B.Contingency Fund of India
  • C.Consolidated Fund of India
  • D.Public Account

Answer: A

The Annual Financial Statement of the Union Government under Article 112 shows the receipts and expenditure of the Consolidated Fund of India and of the Public Account. The Contingency Fund is mentioned in the budget documents too, but the Deposit and Advance Fund is not a separate item of the statement as the setter has it, being part of the Public Account in other classifications. The key gives the deposit and advance fund as the exception, option A.

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