Collections under the small savings schemes are credited to which fund?
- A.Consolidated Fund of India
- B.National Small Savings Fund
- C.Contingency Fund of India
- D.National Investment Fund
Show answer
The fund was created in 1999 in the Public Account of India, all small savings collections flow into it, and the Centre and the States draw loans from it, which is why small savings are treated as a source of government borrowing.
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