Question
What is the difference between âvote-on-accountâ and
âinterim budgetâ? 1. The provision of a âvote-on-accountâ is used by a regular Government, while an âinterim budgetâ is a provision used by a caretaker Government. 2. A âvote-on-accountâ only deals with the expenditure in the Governmentâs Budget, while an âinterim budgetâ includes both expenditure and receipts. Which of the statements given above is/are correct?Solution
Statement 1 is not correct : The Constitution has authorized the Lok Sabha to make any grant in advance in respect to the estimated expenditure for a part of the financial year, pending the completion of the voting of the demands for grants and the enactment of the Appropriation Bill. This provision is known as the âvote on accountâ. Statement 2 is correct : A âVote-on-accountâ deals only with expenditure while interim budget both revenue and expenditure.
_____________ was chosen as the third woman and the youngest president to head the European Parliament.
What is the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) in September 2023, according to the FSR?
Which feature of DHRUVA allows citizens to manage and share address data securely?
Mookkannoor Missionâ, an initiative under the Swachh Bharat Abhiyan under which a comprehensive plan of digitizing the entire village is adopted & cle...
Which National Park was recently named the second-largest butterfly diversity hub in India?
In which year was the National Cadet Corps (NCC) founded?
How many households have received property cards under the SVAMITVA Scheme?Â
What is the purpose of the National MSME Council recently set up by the Ministry of Micro, Small and Medium Enterprises, Government of India?
Which international sports tournament is associated with the Webb Ellis Cup?
The Reserve Bank of India has partially relaxed restrictions on SBM Bank India by allowing ATM/POS transactions under the Liberalised Remittance Scheme ...
Relevant for Exams:
