Which of the following Articles of the Indian Constitution is related to Contigency Fund?

The correct answer is C) Article 267. Article 267 lets Parliament create a Contingency Fund of India, into which sums can be paid to meet unforeseen expenditure before Parliament authorises it under Articles 115 or 116. The executive operates the fund on an imprest basis, and the President can make advances from it. States have a parallel provision in Article 283(2).

Why the others are wrong:

• Article 265 says no tax shall be levied or collected except by authority of law. It deals with taxation, not funds.
• Article 266 creates the Consolidated Fund of India, into which all revenues, loans and receipts flow. It is the main account, not the emergency one.
• Article 268 covers duties levied by the Union but collected and appropriated by States, such as stamp duties on bills of exchange.

Core concept: the three-fund structure of public finance, namely the Consolidated Fund, the Contingency Fund and the Public Account. For Mains, the Contingency Fund's limited size and the need for later parliamentary approval through supplementary demands are useful points.

Trap: candidates pick Article 266 because they remember the Consolidated Fund first. Remember it this way: 266 is Consolidated, 267 is Contingency.