1950
1952
1954
1962
Answer is Right!
Answer is Wrong!
The correct answer is (a). The Contingency Fund of India was created in 1950. It is a reserve fund that is used to meet unforeseen expenditure that is not provided for in the annual budget. The fund is managed by the Ministry of Finance and is used to meet expenditure on matters such as natural disasters, wars, and other emergencies.
The other options are incorrect. Option (b), 1952, is the year in which the Reserve Bank of India was established. Option (c), 1954, is the year in which the Planning Commission was established. Option (d), 1962, is the year in which the Indo-China War took place.