Which one of the following are advance grants made by the House of People in respect of the estimated expenditure for a part of the ensuing financial year, pending the regular passage of the budget ?
Supplementary grants
Special grants
Vote on credit
Vote on account
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CAPF – 2009
– Supplementary Grants are needed when the amount authorised by Parliament through the appropriation act for a service for the current financial year is found to be insufficient, or when a need arises during the current financial year for expenditure upon a new service not contemplated in the annual financial statement.
– Special Grants is not a standard term used in the Indian budgetary process in this context.
– Vote on Credit is granted by Lok Sabha to meet an unexpected demand upon the resources of India when, on account of the magnitude or the indefinite character of the service, the demand cannot be stated with the details ordinarily given in a financial statement. It is granted for exceptional circumstances.