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SSC CGL 2022 PYQ — Question 50

SSC CGL - 20 April 2022 - Shift 3 • General Awareness • Q50

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The Contingency Fund of India is to be augmented from ₹500 crores to ______crores through the Finance Bill as per the Union Budget 2021-22.

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Correct answer: B

Explanation

The correct answer is option 2 i.e. ₹30,000

  • The Contingency Fund of India is to be augmented from ₹500 crores to ₹30,000 crores through the Finance Bill as per the Union Budget 2021-22.
  • The fund can be increased through a Finance Bill when the Parliament is in the session. Or through Ordnance if the House is not in session and situation warrants. Withdrawal from the fund takes place with the approval of the Secretary of Department of Economic Affairs, in terms of the Contingency Fund of India Act, 1950.