All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

The correct answer is C because the Consolidated Fund of India is the primary account of the Government of India. According to Article 266 1 of the Constitution, all revenues received by the government, including direct and indirect taxes, as well as loans raised and repayments of loans, must be credited to this fund. No money can be withdrawn from this fund without authorization from the Parliament through an Appropriation Act. The other options are incorrect because the Contingency Fund is for unforeseen emergencies, the Public Account is for money where the government acts as a banker such as provident funds, and the Deposits and Advances Fund is a specific category within the Public Account.