In the context of the Public Account of India consider the following statements 1 It is set by...........

Indian Polity Parliamentary Committees

In the context of the Public Account of India consider the following statements:

1. It is set by the Government of India under Article 267 of the Constitution of India.

2. Parliamentary authorization for payments from the public account is not required.

3. Government can withdraw some amount from the Consolidated Fund of India and park it temporarily in the Public account of India for the purposes of meeting unforeseen expenditure.

Which among the above statements is/are correct:

2 only

1 and 2 only

2 and 3 only

All of the above

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Explanation:

1st statement is incorrect because Public Account of India was constituted under Article 266 (2) of constitution of India.
2nd and 3rd statements are correct.