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Miscellaneous·2011·Easy

What is the difference between "vote-on-account" and "interim budget"? 1.The provision of a "vote-on-account" is used by a regular Government while an "interim budget" is a provision used by a caretaker Government. 2.A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?

What is the difference between "vote-on-account" and "interim budget"? 1.The provision of a "vote-on-account" is used by a regular Government while an "interim budget" is a provision used by a caretaker Government. 2.A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?

Options

  1. a.

    1 only

  2. b.

    2 only

    Correct answer
  3. c.

    Both 1 and 2

  4. d.

    Neither 1 nor 2

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