Which of the following statements are correct?(i) No tax shall be levied or collected except by authority of law.(ii) Net proceeds of taxes, duties and other revenues are credited to the consolidated fund of India.(iii) A law passed by the Parliament has established contingency fund of India to enable advances to be made by the President for the purpose of meeting unforeseen expenditure.(iv) Prior authorization under Article 115 or Article 116 is required to make advances out of contingency fund of India.Select the correct answer by using the codes given below:Codes:

• A. (i), (ii) and (iii)
• B. (ii), (iii) and (iv)
• C. (i), (iii) and (iv)
• D. (i), (ii), (iii) and (iv)