A: The Public Account of India includes Provident Funds. R: The government can withdraw money from the Public Account without parliamentary approval. Choose the correct option. MCQ with Answer and Explanation

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A: The Public Account of India includes Provident Funds. R: The government can withdraw money from the Public Account without parliamentary approval. Choose the correct option.

A. Both A and R are true and R is the correct explanation of A

B. A is true but R is false

C. A is false but R is true

D. Both A and R are true but R is NOT the correct explanation of A

Answer: Option A

Solution (By JKExamLibrary)

The Public Account holds money like Provident Funds where the government acts as a banker. Since these funds belong to others, the government can make payments from this account without parliamentary approval. R correctly explains the nature of the account.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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