lsquo Votes of Credit rsquo is like a blank cheques given to the executive by Lok Sabha and provide...........

Indian Polity Indian Parliament

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‘Votes of Credit’ is like a blank cheques given to the executive by Lok Sabha and provides for making

An exceptional grant which forms no part of current service of any financial year

Any grant in advance in respect of estimated expenditure for a part of any financial year

A grant for meeting an unexpected demand upon resources of India

A grant for additional expenditure upon new service not contemplated in the financial year

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Explanation:

3rd option is correct.

Vote of Credit - It is granted for meeting 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 budget. Hence, it is like a blank cheque given to the Executive by the Lok Sabha.