Multiple Choice Questions on lsquo Votes of Credit rsquo is like a blank cheques given to the executive by Lok Sabha and provide........... for General Studies (Level 1) Preparation

Union - Executive, Legisture

Indian Polity (Easy)

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Indian Economy - Understanding the basics of Indian economic system

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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

    Incorrect Answer

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

    Incorrect Answer

    A grant for meeting an unexpected demand upon resources of India

    Correct Answer

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

    Incorrect Answer
    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.


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