The Vote on Account 1 Consists only expenditure 2 Is generally obtaine...........

Indian Polity Indian Parliament

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The Vote on Account:

1. Consists only expenditure

2. Is generally obtained by an interim Government

3. Permits withdrawal of money from Public Account of India

Which among the above is / are correct?

Only 1

1 & 2

2 & 3

None of them

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Explanation:

Related to only taking money out of Consolidated Fund of India and thus limited to expenditure side.While a vote-on-account deals only with the expenditure side of the government’s budget, interim budget is a complete set of accounts, including both expenditure and receipts. When a government presents Vote on Account as a part of its Budget exercise; two appropriation bills viz. Appropriation (Vote on Account) Bill and Appropriation Bill of that year are passed.