Which of the following serve as the main Government Fund used to service all operations of the government?
Answer Details
The main Government Fund used to service all operations of the government is the Consolidated Revenue Fund.
The Consolidated Revenue Fund is the main account used by the government to collect and disburse money for all its operations. It is the pool of money from which the government pays for all its expenses, including salaries of public officials, infrastructure development, social welfare programs, and debt servicing. The fund is made up of all revenues collected by the government, including taxes, duties, and other sources of income.
The General Fund is a term used to describe the account used by the government to collect and disburse money for a specific purpose, such as a particular government department or agency. A special fund is an account set up for a specific purpose, such as a disaster relief fund or a trust fund for a particular project. The Consolidated Reserve Fund, on the other hand, is a fund set aside for emergencies or contingencies and is not used for regular government operations.
Therefore, the correct option is the Consolidated Revenue Fund.