|A) Prime Minister||B) President|
|C) Comptroller and Auditor-General||D) Home Ministry|
Answer: B) President
The Contingency Fund of India was constituted in 1950, by an act of parliament (Article 267). The Fund has been placed at the disposal of the president, who can make advances out of the Fund to meet unforeseen expenditure. The expenses must be subsequently authorised by Union Parliament (Articles 115, 116) and recovered through additional, supplementary or excess grants.