What does the lsquo Rule of Lapse rsquo mean ........

Indian Polity Indian Parliament

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What does the ‘Rule of Lapse’ mean?

All pending bills in Parliament lapse with its prorogation

All appropriations voted by the Parliament expire at the end of the financial year

The demand for grants of a ministry lapses with criticism of its policy by the opposition

The appropriation bill lapses if it is not returned by the Rajya Sabha within 14 days

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Explanation:

2nd option is correct.
Rule of lapse is the allocation of budget to departments and schemes are expenditure with in 1 year,therefore not expenditure of the amount in 1 year ,the amount will be lapse,during March(end of financial year)the amount will be expenditure highly,so called March rush.