GENERAL KNOWLEDGE

GK

INDIAN POLITICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When an advance grant is made by Parliament, Pending the regular passage of the budget, it is called
A
vote on credit
B
token grant
C
supplementary grant
D
vote on account
Explanation: 

Detailed explanation-1: -Correct Answer Vote on Account. Key Points vote-on-account: It allows the government to meet its expenses in the short period leading up to the elections. The vote-on-account is passed as a convention without discussion, as opposed to a full budget where the budget is passed only after discussions are held.

Detailed explanation-2: -Definition: Excess Grant is the grant in excess of the approved grants for meeting the requisite expenses of the government. Description: When grants, authorised by the Parliament, fall short of the required expenditure, an estimate is presented before the Parliament for Supplementary or Additional grants.

Detailed explanation-3: -Article 115 of the constitution allows for Supplementary, additional, or excess grants. Article 116 allows for votes on account, votes of credit, and exceptional grants. They are supplementary grants that are necessary to match the government’s spending.

There is 1 question to complete.