[amp_mcq option1=”Reserve Bank of India” option2=”Contingency Fund of India” option3=”Consolidated Fund of India” option4=”Finance Commission” correct=”option3″]
The correct answer is C. Consolidated Fund of India.
The salary and allowances of judges of the Supreme Court are charged on the Consolidated Fund of India. This means that the money for their salaries and allowances comes from the government’s general revenue, which is collected through taxes. The Consolidated Fund of India is a special account that is used to pay for the expenses of the central government. It is managed by the Ministry of Finance.
The other options are incorrect. The Reserve Bank of India is the central bank of India. It is responsible for managing the country’s monetary policy and issuing currency. The Contingency Fund of India is a reserve fund that is used to meet unforeseen expenses. The Finance Commission is a constitutional body that is responsible for recommending the distribution of central taxes among the states.