16. As per Article 266(1) of Indian Constitution, all revenues received by the Government of India, all loans raised by that government by the issue of treasury bills, loans or ways and means advances and all moneys received by that government in repayment of loan shall form :

1. Consolidated Fund of India

2. Contingency Fund of India

3. Public Account of India

4. Current Account of India

Correct Answer :

Consolidated Fund of India