Indian Polity · Polity

Examine the following statements concerning the accounts and funds under the Annual Financial Statement of India: Statement I: The Consolidated Fund of India contains all revenues received by the government, all loans raised, and all moneys received in repayment of loans. Statement II: The Public Account of India is used for transactions where the government acts as a banker (e.g., Provident Funds), and disbursements from it do not require prior parliamentary authorization. Statement III: The Contingency Fund of India is placed at the disposal of the President for unforeseen expenditure, and its corpus was raised from 500 Crore to 30,000 Crore via the Finance Act, 2021. Statement IV: Revenue Receipts include only the tax collections of the government, while all Non-Tax revenues are credited directly to the Capital Account. Which of the statements given above are accurate?