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With reference to vote-on-account in Parliament of India, consider the following statements:
1. It is passed after the general discussion on budget is over.
2. It only deals with the expenditure side of the government's budget.
3. It is a formality and requires no debate in parliament.
Which of the given above statements is/are correct?
- a)1 and 2 only
- b)2 and 3 only
- c)1 and 3 only
- d)1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
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With reference to vote-on-account in Parliament of India, consider the...
- The constitution says that no money can be withdrawn by the government from the Consolidated Fund of India except under appropriation made by law. For that an appropriation bill is passed during the Budget process. However, the appropriation bill may take time to pass through the Parliament and become a law. Meanwhile, the government would need permission to spend even a single penny from April 1 when the new financial year starts. Vote on account is the permission to withdraw money from the Consolidated Fund of India in that period, usually two months. Vote on account is a formality and requires no debate. When elections are scheduled a few months into the new financial year, the government seeks vote on account for four months. Essentially, vote on account is the interim permission of the parliament to the government to spend money.
- So vote on account is just an interim permission to spend money as against a full Budget which is an elaborate financial statement of expenditure and receipts including changes in taxes and government policies. It is passed (or granted) after the general discussion on budget is over. In the election year when the elections are scheduled a few months into the new financial year, the government prefers to seek a vote on account instead of presenting a full Budget because if the government changes after elections it is not fair to deny it the right to design it.
- A vote-on-account only deals with the expenditure side of the government's budget while an Interim Budget is a complete set of accounts, including both expenditure and receipts, akin to a full budget.
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With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to vote-on-account in Parliament of India, consider the following statements:1. It is passed after the general discussion on budget is over.2. It only deals with the expenditure side of the governments budget.3. It is a formality and requires no debate in parliament.Which of the given above statements is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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