Regarding the ‘Consolidated Fund of India (CFI)’, consider the following statements:
- No money out of this fund can be appropriated except in accordance with parliamentary law.
- All revenues received by the Government, all loans raised, and all money received by the Government in repayment of loans forms the Consolidated Fund of India.
- The Consolidated Fund of India comes under Article 267 of the Indian Constitution.
- All money from the Consolidated Fund of India should be spent after the proper approval of the Lok Sabha.
Which of the statements given above is/are correct?