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What is the name of the fund formed by all revenues received by the Federal Government, all loans raised by that Government, and all moneys received by it in repayment of any loan?

Question: What is the name of the fund formed by all revenues received by the Federal Government, all loans raised by that Government, and all moneys received by it in repayment of any loan?
  • A. Public Account of the Federation
  • B. Federal Consolidated Fund βœ“
  • C. Annual Budget Statement
  • D. National Assembly Fund
Correct Answer: B. Federal Consolidated Fund
Explanation: The Federal Consolidated Fund holds all government revenues, loans, and repayments. It is the main source for government expenditure, ensuring transparency and central management of public funds.

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