Which of the following pair(s) is/are correctly matched?
1. Rule of lapse : Part of grant that can be carried over to next year
2. Supplementary grant: An advance grant to meet expenditures
3. Vote on account: Additional funds granted in the course of financial year
Select the correct answer using the code given below:
1 only
1 and 2
2 and 3
None of the above
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CAPF – 2017
2. **Supplementary Grant:** This is an additional grant required during the current financial year when the amount authorized by the Parliament through the Appropriation Act for a particular service is found to be insufficient, or when a need arises for expenditure on a new service not contemplated in the annual budget. Statement 2 describes something closer to a Vote on Account or an advance, not a supplementary grant.
3. **Vote on Account:** This is a grant by Parliament by which the government is authorized to draw money from the Consolidated Fund of India to meet expenditure for a *part* of the new financial year, pending the completion of the budgetary process (passing of Appropriation Bill and Finance Bill). It is an advance grant for a few months, not additional funds for the current year like a supplementary grant. Statement 3 is incorrect.