Correct Answer:
B. Profit-bearing account in any Scheduled Bank empowered to receive Government dues
The correct answer is Profit-bearing account in any Scheduled Bank empowered to receive Government dues. This option ensures that the sale proceeds are held securely, transparently, and in an account that can generate some return, while also being accessible for government accounting. It reflects proper financial management for public funds.
- National Bank only is incorrect as it is too restrictive; other scheduled banks can be authorized.
- Private bank account is incorrect because it lacks the necessary government oversight and accountability for public funds.
- Treasury only is incorrect as while the treasury is involved, the specific mechanism often involves scheduled banks for operational efficiency and potential profit generation.