Consider the following statements 1 General Budget is presented about a month before the commen...........

Indian Polity Parliamentary Procedures

Consider the following statements

1) General Budget is presented about a month before the commencement of the financial year except in the year when General Elections to Lok Sabha are held.

2) In an election year, Budget may be presented twice first to secure Vote on Account for a few months and later in full.

Select the correct statement/s using codes given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Both the statements are correct.
A vote-on-account presents an estimate of expenditures to be sanctioned by the exchequer till the Budget is passed. The Budget announces new programmes and estimates the public expenditure for the fiscal year.
A vote-on-account cannot alter direct taxes since they need to be passed through a finance bill.