With reference to the supplementary grant consider the following statements The provision for supple...........

Indian Polity Articles and Schedules

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With reference to the supplementary grant, consider the following statements

The provision for supplementary grant is provided in Article 116 of the Indian Constitution.
The supplementary grant is regulated by the same procedure which is applicable in the case of a regular budget.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Supplementary Grant is granted when the amount authorised by the Parliament through the appropriation act for a particular service for the current financial year is found to be insufficient for that year.

Article 115 pertains to supplementary, additional or excess grants.
Article 116 of the Constitution pertains to Votes on account, votes of credit and exceptional grants.
Supplementary, additional, excess and exceptional grants and vote of credit are regulated by the same procedure which is applicable in the case of a regular budget.

Hence only statement 2nd is correct.