Q:
      
      
         
            
The Contingency Fund of India has been placed at the disposal of the 
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: B) President          
         
Explanation: 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.
       
      
      
      
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